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Daily Cable Analysis

  • #221
  • Jan 5, 2007 2:50am Jan 5, 2007 2:50am
1.9394 was hit, 3 pips above those 50% Fibo.

Long at 1.9401 (counts spread)

Looking for fewer pips here.
  • #222
  • Jan 5, 2007 2:50am Jan 5, 2007 2:50am
It appears that present one hour candle may end up either inside candle or a tweezer, which could be bearish.

kapanil
  • #223
  • Jan 5, 2007 2:52am Jan 5, 2007 2:52am
Quoting ragingbull94mtx
1/3 of the position was stopped out at 1.9403. Now with the remaining 0.01 lots @ 1.9398... I'm going to go to sleep and wake up about 1/2 hour to 45 minutes before the announcement to see what happens. Good night (morning?) all! See you in a few hours.
I will be up all night or until this thing takes shape.

1 am in California. need to go to sleep by 2:30 am for 2 1/2 hours sleep before NFP.
  • #224
  • Jan 5, 2007 2:53am Jan 5, 2007 2:53am
You are right but remember that we didn't had a strong uptrend and the power of these candlesticks appears when we are afer a long run in price....

Just an oppinion...


Quoting kapanil
It appears that present one hour candle may end up either inside candle or a tweezer, which could be bearish.

kapanil
  • #225
  • Jan 5, 2007 2:54am Jan 5, 2007 2:54am
Quoting kapanil
It appears that present one hour candle may end up either inside candle or a tweezer, which could be bearish.

kapanil
help me here a little, I have the inside candle down, but pardon my ignorance, The Tweezer - what is that?
  • #226
  • Jan 5, 2007 2:56am Jan 5, 2007 2:56am
ok I closed at 396. Got cold feet did not like the price action and it bounce looking for a long now still got a big 8 pips
Quoting monarch
Your in a Short at 1.9409, looking at 20 target 1.9370. Could be useful if we drop as expected below the 1.9474 mark later on.

This movement is slower tonight folks, and that is okay, it takes several hours a lot of the time to catch the right direction after London open.

Price is in a no-zone channel right now, every one is standing back and contemplating what they should do.

I am waiting for my trading strategy perimeters to be met before I jump in either way. Cleared + 75 pips already in the past several hours, and would like to keep those in the bank.

By the way, my wierd trading strategy on the Long may be okay, but I pulled that plug at 1.9425 mark. I will open it up again if price continues up after 1.9432-5 mark.
  • #227
  • Jan 5, 2007 2:57am Jan 5, 2007 2:57am
Are you long, Monarch? After this touch at 9396 area?
  • #228
  • Jan 5, 2007 2:59am Jan 5, 2007 2:59am
Quoting dobbie11
ok I closed at 396. Got cold feet did not like the price action and it bounce looking for a long now still got a big 8 pips
Everytime I am in a trade it feels like my feet are stuck in Snow.

Cold as Ice.

Who know right now if it is Long or Short, take your pick and win the prize.
  • #229
  • Jan 5, 2007 2:59am Jan 5, 2007 2:59am
Tweezers are 2 hammers..., side by side.
Indicates the failure to achieve new price levels.

Anyway, i can't find any tweezers on the 1h chart.

Quoting monarch
help me here a little, I have the inside candle down, but pardon my ignorance, The Tweezer - what is that?
  • #230
  • Jan 5, 2007 3:00am Jan 5, 2007 3:00am
Quoting kapanil
It appears that present one hour candle may end up either inside candle or a tweezer, which could be bearish.

kapanil
RSI on the 1 hour chart is <50%, which is also bearish.
  • #231
  • Jan 5, 2007 3:01am Jan 5, 2007 3:01am
Quoting cesarnc
Are you long, Monarch? After this touch at 9396 area?
Liked the Long at 1.9396 (5 Pip Spread) = 1.9401 Short Entry.

Hand close to trigger for a quick getaway.

Hurry get the car, meet me around back.

  • #232
  • Jan 5, 2007 3:01am Jan 5, 2007 3:01am
thats the 1st lesson i learnt when i started forex, its supposed to be a signal provider. save some pips by learning signals through charts then taking signals from providers.
Quoting monarch
I just clicked on this link, what in the world is it, are you trying to sale something, or is a prank?

Help me here to understand.
Right teaching produces right believing leads to right living. - J.P
  • #233
  • Jan 5, 2007 3:03am Jan 5, 2007 3:03am
I'm still uncorfortable here... I don't like short-term charts pointing down when price is too close of the 9396 and volume vanished...for a while...
  • #234
  • Jan 5, 2007 3:04am Jan 5, 2007 3:04am
Quoting sebytim
Tweezers are 2 hammers..., side by side.
Indicates the failure to achieve new price levels.

Anyway, i can't find any tweezers on the 1h chart.
So far the Short scenario has not developed.

I was looking for drop to 1.9374, but the supports have held good.

1 Hour since London Open price closed 1.9405 - 20 pip drow in 1 hour, nothing like the last two days.

Could be the 1.9349 was a good pivot for a retrace back to the 1.9480 area.
  • #235
  • Jan 5, 2007 3:04am Jan 5, 2007 3:04am
I prefer to entry on my own signals. In this way i can not blame anyone. And i don't like mechanical trading at all.


Quoting barakah
thats the 1st lesson i learnt when i started forex, its supposed to be a signal provider. save some pips by learning signals through charts then taking signals from providers.
  • #236
  • Jan 5, 2007 3:05am Jan 5, 2007 3:05am
no news either from the UK . I see a triangle forming on the 5min chart may be this way for another 2 hours
Quoting monarch
Everytime I am in a trade it feels like my feet are stuck in Snow.

Cold as Ice.

Who know right now if it is Long or Short, take your pick and win the prize.
  • #237
  • Jan 5, 2007 3:06am Jan 5, 2007 3:06am
Quoting cesarnc
I'm still uncorfortable here... I don't like short-term charts pointing down when price is too close of the 9396 and volume vanished...for a while...
I went from a technical trader on longer terms to scalper in the past hour, may not be a good decision.

I will hang for a little longer and watch the show.
  • #238
  • Jan 5, 2007 3:07am Jan 5, 2007 3:07am
I still wait for a touch on 1.9391. It missed by a few pips 15 minutes ago.
Maybe in the next life.

Quoting monarch
So far the Short scenario has not developed.

I was looking for drop to 1.9374, but the supports have held good.

1 Hour since London Open price closed 1.9405 - 20 pip drow in 1 hour, nothing like the last two days.

Could be the 1.9349 was a good pivot for a retrace back to the 1.9480 area.
  • #239
  • Jan 5, 2007 3:07am Jan 5, 2007 3:07am
We are seeing long here!
  • #240
  • Jan 5, 2007 3:07am Jan 5, 2007 3:07am
Dear Monarch,
I refer to post #102.

There has been a rejection at yeserday's bell curve mean of 1.9432ish and then a roation rejection off the lower range edge of 1.9398ish.

That leaves a final rotation to test
a. the mean again and rejection down or
b. penetration to test the upper edge of 1.9455ish

I reserve the right to be very wrong .
best
jsh
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