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Daily Cable Analysis

  • #321
  • Jan 5, 2007 8:02am Jan 5, 2007 8:02am
what is a their is also a "Murray Math line" and what does it tell us?

Thanks
  • #322
  • Jan 5, 2007 8:05am Jan 5, 2007 8:05am
Quoting enzo2325
could go down to 9215.... Monarch what are your views on this Sir?
Already passed the 32.8 and 50 % marks

The next fibo retracement would be 61.8% at 1.9225.

With the push behind everything going down on the weekly, it could possibly go down to this point and hold.

This also show a great breakout of a Flag pattern I had on the Daily.

On the Weekly 61.8% Fibo is at 1.9213

Monthly Wave could be on the Corrective Wave A down from 10-06 to 12-06 trend upwards shorter cycle
  • #323
  • Jan 5, 2007 8:05am Jan 5, 2007 8:05am
Quoting monarch
No trading for me today. I will use the weekend to review data, and catch the London open on Sunday for new positions.

.
I have found that since Bernanke trying to fill Greenspans socks, the market doesnt understand him well....yet.

right, so what am i talking about.....simple, if bernanke tells the market that all is data dependent, then the market has to interpret the fundamentals, hence crazy NFPs we have seen in the last months. it would be nice to have a clear message from Bernanke, such that the market can stick to "if NFP is x, then dollar drops or explodes", as it used to be with old Greenspan. THis, and only this has put me off trading NFP.

9230 is in the cards IMHO. good luck
With a break always expect a pullback, otherwise, you're dead meat/
  • #324
  • Jan 5, 2007 8:06am Jan 5, 2007 8:06am
Quoting ghitz
9230 is in the cards IMHO. good luck
For today yet?
  • #325
  • Jan 5, 2007 8:07am Jan 5, 2007 8:07am
Well you see there are 2 doji's. A red and a black one and then a red small body. So I knew to short it because the small body in red was going down back forth.
Attached Image
trading on demo is not trading
  • #326
  • Jan 5, 2007 8:08am Jan 5, 2007 8:08am
Let's not forget that Fed Chariman Bernake is scheduled to speak somewhere at 12:45pm.
  • #327
  • Jan 5, 2007 8:08am Jan 5, 2007 8:08am
Monarch,

Considering 4 hour chart is in oversold area, how low cable can move?
  • #328
  • Jan 5, 2007 8:09am Jan 5, 2007 8:09am
Quoting cesarnc
For today yet?
dont see why not. dont see why it cant give a 200 pip day on NFP
With a break always expect a pullback, otherwise, you're dead meat/
  • #329
  • Jan 5, 2007 8:10am Jan 5, 2007 8:10am
It is line of Support and Resistance Math squares. here is the indicator. Look up the diffination of the lines on google
Quoting befr
what is a their is also a "Murray Math line" and what does it tell us?

Thanks
Attached File(s)
File Type: mq4 MMlines.mq4   13 KB | 339 downloads
  • #330
  • Jan 5, 2007 8:11am Jan 5, 2007 8:11am
Looks like no play for me too. A 9400 on the 4hourly would smell nice for an uptrend for next week...
Right teaching produces right believing leads to right living. - J.P
  • #331
  • Jan 5, 2007 8:11am Jan 5, 2007 8:11am
Great chart and great visual! That really helps to see what you are referring to in your post.
  • #332
  • Jan 5, 2007 8:13am Jan 5, 2007 8:13am
So cable has only gone down a 100 pips... Kind of weak
trading on demo is not trading
  • #333
  • Jan 5, 2007 8:13am Jan 5, 2007 8:13am
Thank you dobbie11I am just beginning to set up and learn the Meta4 charts. Where do I save this file?
  • #334
  • Jan 5, 2007 8:14am Jan 5, 2007 8:14am
Quoting ghitz
dont see why not. dont see why it cant give a 200 pip day on NFP
So far so good... big move with no retracement... Guess the review on NFP is not causing the rush back as the last time...
  • #335
  • Jan 5, 2007 8:15am Jan 5, 2007 8:15am
hate to change the subject here. I see u use the guppy method. But what would be the difference for a long just trying to understand this.
Quoting enzo2325
Well you see there are 2 doji's. A red and a black one and then a red small body. So I knew to short it because the small body in red was going down back forth.
  • #336
  • Jan 5, 2007 8:21am Jan 5, 2007 8:21am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 176985" vAlign=top><TD class=alt1 align=middle width=125>dobbie11</TD><TD class=alt2>hate to change the subject here. I see u use the guppy method. But what would be the difference for a long just trying to understand this</TD></TR></TBODY></TABLE>




Black Doji would be white and the red body a bit higher than it. Plus the longer term charts 60min,30min trend would be up
trading on demo is not trading
  • #337
  • Jan 5, 2007 8:26am Jan 5, 2007 8:26am
night everyone, may the pips be with you.
Right teaching produces right believing leads to right living. - J.P
  • #338
  • Jan 5, 2007 8:27am Jan 5, 2007 8:27am
Quoting enzo2325
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 176985" vAlign=top><TD class=alt1 align=middle width=125>dobbie11</TD><TD class=alt2>hate to change the subject here. I see u use the guppy method. But what would be the difference for a long just trying to understand this</TD></TR></TBODY></TABLE>




Black Doji would be white and the red body a bit higher than it. Plus the longer term charts 60min,30min trend would be up
But I think when US market open, it will be go down once again
  • #339
  • Jan 5, 2007 8:28am Jan 5, 2007 8:28am
Thanks for the information. I have a friend that is putting together something for the news base on price action. Should take about a week. I don't mind being in a trade on some news because they retrace but the Non Farmers worries me a bit
  • #340
  • Jan 5, 2007 8:35am Jan 5, 2007 8:35am
Gotta say this... I'm short in cash here but decided be out tof the NFP, even needing 100 pips fast.

Kept myself reading everything concerning this NFP and all of the calls pointed GBP bullish.

Didn't make my fast 100 pips... Had tried, would be shorted in another 100 pips as fast as the devil scratches his eyes....

Making 100 pips still kindda hard to me... But I just saw that loosing it is way too easy....
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