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Daily Cable Analysis

  • #1,221
  • Jan 11, 2007 6:54am Jan 11, 2007 6:54am
mean 375 closed at 400
Quoting dobbie11
did good I made 21 pips on the move up, got in late at 475 closed at 400. Staddle the Interest rates at 410 & 350. Close the the long at 525 MM LINE 8/8 and went sho5t at 520 and just closed at 495. Now I will wait. total 153 pips. Not bad.
  • #1,222
  • Jan 11, 2007 6:54am Jan 11, 2007 6:54am
Quoting Geldmeister
after the current slight retrace, NY will take it higher - most likely to the next fib as just projected
Does NY open at 1.00 GMT?
mama
  • #1,223
  • Jan 11, 2007 6:55am Jan 11, 2007 6:55am
Sorry to all those new Shorts from yesterday! Reminds everyone that this market IS news oriented. Screw the charts for the next couple days. Good luck to all.
  • #1,224
  • Jan 11, 2007 6:59am Jan 11, 2007 6:59am
I was hoping for a solid retracement down to 460 but it is to jumpie for right now so I will wait if not then just take it easy the rest of the day.
Quoting cesarnc
Why's that? Looking for retracement?

ECB interest rate + Trichet speaking shortly... Wouldn't it open room for further up?
  • #1,225
  • Jan 11, 2007 7:00am Jan 11, 2007 7:00am
oh
i lost this move
i leave market 2 hrs ago and when back see what happn
150+ pips
any idea what will happen know?
  • #1,226
  • Jan 11, 2007 7:10am Jan 11, 2007 7:10am
in 4 h chart price is now above 55 ema.
  • #1,227
  • Jan 11, 2007 7:12am Jan 11, 2007 7:12am
Quoting Leugimp
Hope you all made out
Your signal and your views were spot on - well done
mama
  • #1,228
  • Jan 11, 2007 7:41am Jan 11, 2007 7:41am
Yesterday I stated that we were in a flat, Which I still beleive. I was incorrect in my count on the triangle for the Frank & London opens today and I should have know better and realized that Wave B of the flat was over. My mistake. Since a Flat is 3 waves up 3 waves down and 5 waves up. This is a Extended flat since it has past the ending of wave A, which is normally 161.8 extension of wave A - B. I do not see it going up but this is my point of view. I also drawn some channels I draw my channels sometimes from the close of the candle since sometimes price will over shoot a channel by a few pips. the file is zipped.
Attached File(s)
File Type: zip flat.zip   15 KB | 318 downloads
  • #1,229
  • Jan 11, 2007 8:22am Jan 11, 2007 8:22am
The Euro has continued down and as there won't be another rate hike in a while cable should head down again soon.
  • #1,230
  • Jan 11, 2007 8:47am Jan 11, 2007 8:47am
Quoting africanpip
Morning,

I am possibly seeing a zig zag 5-3-5 correction here where the 3rd part of the B wave goes up to around 9505 and then turns for a C wave down also with 5 waves a lesser degree in it.

Also with all the apparent confusion about where the market is, this is, I believe, according to EW a characteristic of a B wave.

As you can see the B wave played correctly, A little more than the 9505 I said, so the 3 waves of B I think are over so possibly the 5 waves of the downward C wave past the end of A, well past, should be on track.
Attached Image
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,231
  • Jan 11, 2007 8:54am Jan 11, 2007 8:54am
Quoting africanpip
As you can see the B wave played correctly, A little more than the 9505 I said, so the 3 waves of B I think are over so possibly the 5 waves of the downward C wave past the end of A, well past, should be on track.
Sorry Africanpip, but then, what do you see for today + Friday?

Thanks
  • #1,232
  • Jan 11, 2007 9:14am Jan 11, 2007 9:14am
[quote=cesarnc]Sorry Africanpip, but then, what do you see for today + Friday?

Thanks[/QUOTE

mmm..... good question, why are the simplest questions the hardest to answer? Firstly I think it will retrace to pre announcement level (as I write this) and then resume normal technical trading.

I am still trying to get my mind around Fib time ratios so the when is difficult. We have had some big action today so far so things may settle and then tomorrow is Friday, so difficult call but longer term definitely down.
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,233
  • Jan 11, 2007 9:16am Jan 11, 2007 9:16am
What's the daily trend now?
Trade what you see, not what you think.
  • #1,234
  • Jan 11, 2007 9:17am Jan 11, 2007 9:17am
wow- yu get out take a nap and come back to this - what happened guys - anyone see asny opportunity here.
Man who scratches ass should not bite fingernails
  • #1,235
  • Jan 11, 2007 9:19am Jan 11, 2007 9:19am
No earth shattering news out of USA - half% hike in GB rates, overbought £ at 1-30pm GMT agreed - BUT - Why exact downturn?

Newbie...
  • #1,236
  • Jan 11, 2007 9:26am Jan 11, 2007 9:26am
Quoting Leugimp
wow- yu get out take a nap and come back to this - what happened guys - anyone see asny opportunity here.
I took 40 PIPS on the retrace!
My office is everywhere
  • #1,237
  • Jan 11, 2007 9:28am Jan 11, 2007 9:28am
Quoting pipmyway
I took 40 PIPS on the retrace!
i took 26 so far but how long will this continue?


anyone exiting their shorts or in for a while?
  • #1,238
  • Jan 11, 2007 9:29am Jan 11, 2007 9:29am
I should point out that I thought I had mastered when to enter and when to exit - also to allow for key announcements and to be wary at certain times of the day. It seems I also have to get a feel for when major players (governments etc.) do not want a price direction!

Some pointers to info site or book would be much appreaciated.

Thanks,

Newbie.....
  • #1,239
  • Jan 11, 2007 9:30am Jan 11, 2007 9:30am
yea I got the count right this time. Posted a chart. I am looking for a reversal here. Waiting for a signal.
Quoting Leugimp
wow- yu get out take a nap and come back to this - what happened guys - anyone see asny opportunity here.
  • #1,240
  • Jan 11, 2007 9:31am Jan 11, 2007 9:31am
Quoting jsh01
Dear Monarch,

Just completed a perfect trendline TP experiment as taught by OrangeRoshan.

Technique
1. At 00:00 GMT do a complete trendline plot and analysis from day down to 15 minutes.
1a. this suggested long play more likely.. Bought cable and let it sit for 6 grinding hours.
1b. SL 60 pips below buy price.
2. On 15 mins chart , sniffed out an internal trendline that started at 8th jan 0245 gmt with support for the spike down at 1530ish. Extended line upwards to support price of am of the 10th. Extended the line into empty space for today. ( Also set up a fan a bit like a Gann fan)
3. put TP 10pips below expected target at 1.9400ish.
4. Trade completed + 53 pips. ( to my amazement as I was out to dinner)
5. Now have to see if I only fluked it by testing multiple repeat setups.
( sorry can't post the image as it is too poor quality)

best
j
aust
I am following you, your analysis was very accurate.

This should help confirm that the system you are using is profitable, keep posting your analysis, so other can review your outlook.

Thanks
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