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Daily Cable Analysis

  • #821
  • Jan 9, 2007 2:26am Jan 9, 2007 2:26am
Up, then down, back up some ways more.

Still watching break at 1.9417 for the downward turn expected. Last night it never broke the line, and price stayed above all day, actually we are over 100 pips higher from last nights mark.
  • #822
  • Jan 9, 2007 2:32am Jan 9, 2007 2:32am
Here we are again, just staring up at this resistance.

Please hold for a short, please break for a long.

You are wondering like most what will happen.

I am wondering also, but I am now in High Mode Gear.

Took a Short at 1.9535 because I hated staring at it, looking for the break below this 1.9417 this time.
  • #823
  • Jan 9, 2007 2:42am Jan 9, 2007 2:42am
Quoting monarch
Here we are again, just staring up at this resistance.

Please hold for a short, please break for a long.

You are wondering like most what will happen.

I am wondering also, but I am now in High Mode Gear.

Took a Short at 1.9535 because I hated staring at it, looking for the break below this 1.9417 this time.
What sort of stop do you use and how far do you expect the move to go: 1.9350? Will you also go for an entry higer for a buy, say above 1.9450?
  • #824
  • Jan 9, 2007 2:47am Jan 9, 2007 2:47am
Quoting RSA
What sort of stop do you use and how far do you expect the move to go: 1.9350? Will you also go for an entry higer for a buy, say above 1.9450?
Usually when I am watching the market, I will not place stops.

As to the last two losses, I felt they should be in places because I have been out of my office off and on. I have not been to sure of the resistance that stood above my shorts.

I use to set a minimum of 40 pips, never closer than that.

I have no long term positions opened right now, waiting for entry strategy now.

I am short in several scalps here, but they are quick in and quick out. 5 lots for about 10 pips or so.
  • #825
  • Jan 9, 2007 2:52am Jan 9, 2007 2:52am
The line has been breached on the 5 minute candle, and no body is touching and no wick. I am waiting for top of hour - 5 minutes more to watch entry for short.
  • #826
  • Jan 9, 2007 2:57am Jan 9, 2007 2:57am
I have line breached at 1.9217, but there is a wick touching still.

Watching the 5 Minute candle.
  • #827
  • Jan 9, 2007 3:00am Jan 9, 2007 3:00am
if there was a short, hang on a while before taking profit i guess.
Right teaching produces right believing leads to right living. - J.P
  • #828
  • Jan 9, 2007 3:01am Jan 9, 2007 3:01am
I have the price straddling the line at 1.9417

Still waiting for a clear candle that will close below this mark without body/wick touching.

So far wick has touched at close of 5 minute candle.
  • #829
  • Jan 9, 2007 3:03am Jan 9, 2007 3:03am
Quoting barakah
if there was a short, hang on a while before taking profit i guess.
Now that we have completed a Fibo retracement of at least 38.2% on last weeks downward movement, I will be watching for a drop down in movement once we are past the hurdle of 1.9417 mark.

I will evaluate that more to come after position is taken.
  • #830
  • Jan 9, 2007 3:06am Jan 9, 2007 3:06am
Laughs, and i thought your 5 lots are still open, flip back 1 page realised bagged 25...
Right teaching produces right believing leads to right living. - J.P
  • #831
  • Jan 9, 2007 3:06am Jan 9, 2007 3:06am
Like a rebellious child it is.

This 5 minute stays below 1.9415, then we may see a clear candle close.

I do not like this stall on at 1.9435 and also at 1.9417.

It seems to be watching us!
  • #832
  • Jan 9, 2007 3:08am Jan 9, 2007 3:08am
realise how the aud/jpy 4h is exactly the same as cable since 3 jan.
Right teaching produces right believing leads to right living. - J.P
  • #833
  • Jan 9, 2007 3:10am Jan 9, 2007 3:10am
I sure hate this standoff.

The candle looked good, but I am very reluctant until I see a little downward movement here.

Trade at your own risk, I am going to be a little patient here on this one.

I still have a few other shorts in scalp mode, but this point may be telling me to get out.
  • #834
  • Jan 9, 2007 3:10am Jan 9, 2007 3:10am
it is the big boys watching you!! they are trying to bore you to tears so you will miss the moves!!
  • #835
  • Jan 9, 2007 3:13am Jan 9, 2007 3:13am
Quoting barakah
Laughs, and i thought your 5 lots are still open, flip back 1 page realised bagged 25...
I am already on another 5 lot trade and a 10 lot trade, both short, and I just closed them out before this jump.
  • #836
  • Jan 9, 2007 3:15am Jan 9, 2007 3:15am
Quoting mtrmth
it is the big boys watching you!! they are trying to bore you to tears so you will miss the moves!!
This is two nights in a row I have stayed awake past 1am, and watched the time go by, and the market stand still.

I am going to cut out soon.
  • #837
  • Jan 9, 2007 3:15am Jan 9, 2007 3:15am
duh, i don't even trade that size in demo, 20 lots for carry trades demo prolly... next year this day hope i'll be on equal ground at 5 lots multiples...
Right teaching produces right believing leads to right living. - J.P
  • #838
  • Jan 9, 2007 3:16am Jan 9, 2007 3:16am
cannot see the right movement.... :-(
  • #839
  • Jan 9, 2007 3:16am Jan 9, 2007 3:16am
Dear Monarch
this tough bell curve is
upper edge 435
lower edge 410
mean 427

am looking for a good bounce down off 427 as the signal down
may take awhile
this is just under the mega lower edge bracket of last month
lets see

best
j
  • #840
  • Jan 9, 2007 3:18am Jan 9, 2007 3:18am
monarch,

volume is about the same as during the asian trading time frame. are they waiting for the boe and ecb interest rate news???
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