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Daily Cable Analysis

  • #341
  • Jan 5, 2007 6:36am Jan 5, 2007 6:36am
Hi Itme Read one of your post u think it is time to go long ?
  • #342
  • Jan 5, 2007 6:37am Jan 5, 2007 6:37am
What is everyones thoughts on cable...
trading on demo is not trading
  • #343
  • Jan 5, 2007 6:42am Jan 5, 2007 6:42am
Quoting cesarnc
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....
let it go, NFP is not the way.
With a break always expect a pullback, otherwise, you're dead meat/
  • #344
  • Jan 5, 2007 6:45am Jan 5, 2007 6:45am
I am long from 300 tp1 358 , tp2 - 377 and tp3 - 394. SL is 235. long term target is 550
  • #345
  • Jan 5, 2007 6:45am Jan 5, 2007 6:45am
Quoting enzo2325
What is everyones thoughts on cable...
Hard to tell... looks like building fuel to assalt 9290 again.. If breaks 9320 then I'll be clueless
  • #346
  • Jan 5, 2007 6:45am Jan 5, 2007 6:45am
I think I am seeing a rise to 9347 or 9372 then if it breaks 9383 Im taking this baby all the way to 9464 I think im a little too excited. Lets see what happens
trading on demo is not trading
  • #347
  • Jan 5, 2007 6:48am Jan 5, 2007 6:48am
if it breaks 9285 I will go short to 9215
trading on demo is not trading
  • #348
  • Jan 5, 2007 6:49am Jan 5, 2007 6:49am
short 1.9318
  • #349
  • Jan 5, 2007 7:10am Jan 5, 2007 7:10am
Quoting 59fender
short 1.9318
short @ 9305, small lot... a just in case strategy....

NFP way too good for such move... better then expected, better then previous, better than ADP....

Hope the big guys to be negotiating this 9300 support area....
  • #350
  • Jan 5, 2007 7:14am Jan 5, 2007 7:14am
I am still undetermined as to the entry point, but earlier I stated:

Long if break over 1.9328 on 1 Minute (has not happened yet)

Short if break under 1.9298 (this was accomplished, but with momentum at a stand still, I used Fibo marks to curb my appetite for a short here)

Point of interest posted yesterday on thread.

Gap from 1.9380 to 1.9328 was re-visited and filled today during this movement.

I will have multiple charts posted throug the next few hours or so.

I am looking for a retracement strategy for a Long position here at 1.931 to 1.9328 area.

No positions yet.
  • #351
  • Jan 5, 2007 7:17am Jan 5, 2007 7:17am
The Fibo lines for the NFP time frame

38.2% 1.9326
50% 1.9339
61.8% 1.9353

watch these for resistance to decide directional price movement
  • #352
  • Jan 5, 2007 7:23am Jan 5, 2007 7:23am
you have the gas numbers coming couls move the market. Maybe 10 to 25 pips. Comes out at 10:30. Market is looking ofr something to move it right now. I am still long from 300 I would like to see it retrace down again to 295 I will take another long. Reason is the NFP usally moves this market 200 pips and it made only 100. Now it is trying to go long.
[quote=monarch]The Fibo lines for the NFP time frame
Quoting monarch
The Fibo lines for the NFP time frame

38.2% 1.9326
50% 1.9339
61.8% 1.9353

watch these for resistance to decide directional price movement
  • #353
  • Jan 5, 2007 7:27am Jan 5, 2007 7:27am
Hi all,

i have short gbp at 9295 & long at 9590 it was locking. (broker A)
i also have short at 9306 & long at 9325 it was locking. (broker B)

i am in TRAAAAP, well , so what should i do now ? really confuse.

I need advise, what action now , throw the short or long ?

someone ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #354
  • Jan 5, 2007 7:32am Jan 5, 2007 7:32am
Quoting notme32
Hi all,

i have short gbp at 9295 & long at 9590 it was locking. (broker A)
i also have short at 9306 & long at 9325 it was locking. (broker B)

i am in TRAAAAP, well , so what should i do now ? really confuse.

I need advise, what action now , throw the short or long ?

someone ?
Re post your positions again
Long at 9295 and 9590
Short at 9306 and 9325
4 seperate positions correct?

Looking at your number and the price volume real dead right now, I would hold both, and let the price tell you what to do. You should not be too deep in the hole with these numbers, unless your long at 9590, that would be pretty gig debt.
  • #355
  • Jan 5, 2007 7:34am Jan 5, 2007 7:34am
gas news is late I listen to CNBC News just as good as bloomburg and its free [quote=dobbie11]you have the gas numbers coming couls move the market. Maybe 10 to 25 pips. Comes out at 10:30. Market is looking ofr something to move it right now. I am still long from 300 I would like to see it retrace down again to 295 I will take another long. Reason is the NFP usally moves this market 200 pips and it made only 100. Now it is trying to go long.
Quoting monarch
The Fibo lines for the NFP time frame
  • #356
  • Jan 5, 2007 7:35am Jan 5, 2007 7:35am
[quote=dobbie11]you have the gas numbers coming couls move the market. Maybe 10 to 25 pips. Comes out at 10:30. Market is looking ofr something to move it right now. I am still long from 300 I would like to see it retrace down again to 295 I will take another long. Reason is the NFP usally moves this market 200 pips and it made only 100. Now it is trying to go long.
Quoting monarch
The Fibo lines for the NFP time frame
We will see if it help either way in direction.

Dead as can be right now, not a strong retracement showing after the NFP, we may see some pressure on the support here, then it may continue diving some more.
  • #357
  • Jan 5, 2007 7:38am Jan 5, 2007 7:38am
yea its friday and you also have the london market closing in a bit. So they may buy into a postion or sell. Then Gas news as well might move it a bit then the fed pres. speaks later and that may move the market [quote=monarch]
Quoting dobbie11
you have the gas numbers coming couls move the market. Maybe 10 to 25 pips. Comes out at 10:30. Market is looking ofr something to move it right now. I am still long from 300 I would like to see it retrace down again to 295 I will take another long. Reason is the NFP usally moves this market 200 pips and it made only 100. Now it is trying to go long.


We will see if it help either way in direction.

Dead as can be right now, not a strong retracement showing after the NFP, we may see some pressure on the support here, then it may continue diving some more.
  • #358
  • Jan 5, 2007 7:39am Jan 5, 2007 7:39am
I shorted cable at 1.9636 and am looking at 326 PIPS at the moment. I expect it to go even lower in my purely technical analysis... Although a break above 1.944 will get me out. notme i recommend cutting the long out for the time being and making some money on the short side
  • #359
  • Jan 5, 2007 7:46am Jan 5, 2007 7:46am
Quoting monarch
Re post your positions again
Long at 9295 and 9590
Short at 9306 and 9325
4 seperate positions correct?

Looking at your number and the price volume real dead right now, I would hold both, and let the price tell you what to do. You should not be too deep in the hole with these numbers, unless your long at 9590, that would be pretty gig debt.
not correct
Long at 9325 & 9590
Short at 9306 & 9295

4 position is correct

Let the price what to do ? ok then i wait and watch now for some moving.

Thanks for the advise
I Deeply Love My Virtual Life In Virtual World , RLC
  • #360
  • Jan 5, 2007 7:47am Jan 5, 2007 7:47am
I ran a Fibo from the High of this downward move starting 1-3-07 at 1.9724 to our recent Low today at 1.9285

So Far in each segment of price decrease, I sub-divide the support breaks and have found not Fibo retracement had been completed.

This would mean that the entire move is a complete Fibo setup and therefore we have the following Fibo Retracement Lines as follows:

38.2% - 1.9451 (This Fibo has good chance of being reached)
50% - 1.9505 (This Fibo has fair chance to being reached)
61.8% - 1.9556 (This Fibo has a poor chance for now)

The 61.8% Fibo is a key pivot area in supports and resistance on my charts. This would be a likely place if the Price is in an upward channel next week.

So far this Swing Movement has been a distance of 464 pips downward.
The Largest Distance in the past 7 weeks time.
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