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Daily Cable Analysis

  • #1,361
  • Jan 11, 2007 9:24pm Jan 11, 2007 9:24pm
Quoting monarch
If all I was trading on was Pin Bars and not all this other technical mumbo jumbo, I would trade the farm on that double bottom.

Just imagine if you would have done sold the cat and car on Oct 8th and 15th double bottom, you would have been up - Oh lets say 1138 pips - times 10 standard lots = 113,800.00.

Nice bit of change for a two month job.


if I remember correctly I believe I scalped a good I don't know 10 or so pips of that
  • #1,362
  • Jan 11, 2007 9:30pm Jan 11, 2007 9:30pm
this might be a good buy @1.9366 if we get down there after the news
  • #1,363
  • Jan 11, 2007 9:32pm Jan 11, 2007 9:32pm
What news?
David
  • #1,364
  • Jan 11, 2007 9:36pm Jan 11, 2007 9:36pm
I think the news came yesterday with the surprise rate hike. It's unlikely we will see a 100 pip drop now IMHO>


Quoting 59fender
this might be a good buy @1.9366 if we get down there after the news
Trade what you see - Not what you think
  • #1,365
  • Jan 11, 2007 9:38pm Jan 11, 2007 9:38pm
Quoting 59fender
this might be a good buy @1.9366 if we get down there after the news
We should have some swinging movement here with preparation of the early US News coming out Friday.

Hopefully we should have a better feel for the upcoming week and the direction it is going.

Right now we are so in limbo of true direction, 100 pips up or 100 pips down would not even indicate much to me, the close of the weekly candle will help more.
  • #1,366
  • Jan 11, 2007 9:38pm Jan 11, 2007 9:38pm
Ohh, ok, I thought you were talking about something coming tommorow.. You think it has a chance to get that low????
David
  • #1,367
  • Jan 11, 2007 9:40pm Jan 11, 2007 9:40pm
Quoting dberube
What news?
<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1>3:30pm </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Core Retail Sales m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/forexfor...sc/mi_high.gif</TD><TD class=alt1 align=middle></TD><TD class=alt1 align=middle>0.5%</TD><TD class=alt1 align=middle>1.1%</TD><TD class=alt1 id=collapsecal_eventanalysis_3473 align=middle>[read] </TD></TR></THEAD><TBODY id=collapseobj_eventanalysis_3473 style="DISPLAY: none"><TR><TD class=alt1 style="PADDING-BOTTOM: 11px; BACKGROUND-COLOR: #f0feed" width="100%" colSpan=9>

<FIELDSET class=smallfont style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; MARGIN-BOTTOM: 9px; PADDING-BOTTOM: 2px; WIDTH: 70%; PADDING-TOP: 4px"><LEGEND>Definition</LEGEND>

Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.




</FIELDSET>




</TD></TR></TBODY><THEAD><TR><TD class=alt1 noWrap></TD><TD class=alt1>3:30pm </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Import Price Index m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/forexfor...isc/mi_med.gif</TD><TD class=alt1 align=middle></TD><TD class=alt1 align=middle>0.5%</TD><TD class=alt1 align=middle>0.2%</TD><TD class=alt1 id=collapsecal_eventanalysis_3475 align=middle>[read] </TD></TR></THEAD><TBODY id=collapseobj_eventanalysis_3475 style="DISPLAY: none"><TR><TD class=alt1 style="PADDING-BOTTOM: 11px; BACKGROUND-COLOR: #f0feed" width="100%" colSpan=9>

<FIELDSET class=smallfont style="PADDING-RIGHT: 10px; PADDING-LEFT: 10px; MARGIN-BOTTOM: 9px; PADDING-BOTTOM: 2px; WIDTH: 70%; PADDING-TOP: 4px"><LEGEND>Definition</LEGEND>

Measures the monthly rate of inflation for imported goods.




</FIELDSET>




</TD></TR></TBODY><THEAD><TR><TD class=alt1 noWrap></TD><TD class=alt1>5:00pm </TD><TD class=alt1 align=middle>USD</TD><TD class=alt1>Business Inventories m/m</TD><TD class=alt1 align=middle>http://www.forexfactory.com/forexfor...isc/mi_low.gif</TD><TD class=alt1 align=middle></TD><TD class=alt1 align=middle>0.4%</TD><TD class=alt1 align=middle>0.4%</TD><TD class=alt1 id=collapsecal_eventanalysis_3474 align=middle>[read]</TD></TR></THEAD></TABLE>
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,368
  • Jan 11, 2007 9:42pm Jan 11, 2007 9:42pm
edited - my mistake, already posted.
David
  • #1,369
  • Jan 11, 2007 9:44pm Jan 11, 2007 9:44pm
Quoting summitfx
I think the news came yesterday with the surprise rate hike. It's unlikely we will see a 100 pip drop now IMHO>
The way the price has hung around from yesterday's nice spike, I would say we might go up or down 50 pips or so.

London will show us where to go.
  • #1,370
  • Jan 11, 2007 9:47pm Jan 11, 2007 9:47pm
I'm heading to bed to get up for the us market, hopefully I don't miss much.....
David
  • #1,371
  • Jan 11, 2007 9:50pm Jan 11, 2007 9:50pm
Quoting dberube
I'm heading to bed to get up for the us market, hopefully I don't miss much.....
Sleeeeeep.... that is what the market has been doing all day, you should have slept then. LOL
  • #1,372
  • Jan 11, 2007 9:55pm Jan 11, 2007 9:55pm
its moving!
"Anything in life worth having, doesn't come easy."
  • #1,373
  • Jan 11, 2007 10:04pm Jan 11, 2007 10:04pm
it was a juke move , i'll just wait for london open. Imma take a nap
"Anything in life worth having, doesn't come easy."
  • #1,374
  • Jan 11, 2007 10:07pm Jan 11, 2007 10:07pm
The 50ma is sitting right on the daily pivot on the 4hr chart. A pullback to 94.35 and then a 100 pip move to R1
Attached Image
Trade what you see - Not what you think
  • #1,375
  • Jan 11, 2007 10:07pm Jan 11, 2007 10:07pm
Quoting YupYup
its moving!

Yeah, but in the opposite direction than what I thought...lol.

It's going back up now though.

The USD/JPY has surpassed last years highs and is very unpredictable at these levels right now. The GBP/USD was trading along side the USD/JPY several hours back but now that has changed.
  • #1,376
  • Jan 11, 2007 10:12pm Jan 11, 2007 10:12pm
Quoting summitfx
The 50ma is sitting right on the daily pivot on the 4hr chart. A pullback to 94.35 and then a 100 pip move to R1
Interesting another big move?
"Anything in life worth having, doesn't come easy."
  • #1,377
  • Jan 11, 2007 10:14pm Jan 11, 2007 10:14pm
Quoting southernmind
Yeah, but in the opposite direction than what I thought...lol.

It's going back up now though.

The USD/JPY has surpassed last years highs and is very unpredictable at these levels right now. The GBP/USD was trading along side the USD/JPY several hours back but now that has changed.
Yea, all my indicators show long, but i wanna wait till the open... to be safe
"Anything in life worth having, doesn't come easy."
  • #1,378
  • Jan 11, 2007 10:16pm Jan 11, 2007 10:16pm
Sounds like a plan

Quoting YupYup
Yea, all my indicators show long, but i wanna wait till the open... to be safe
Trade what you see - Not what you think
  • #1,379
  • Jan 11, 2007 10:17pm Jan 11, 2007 10:17pm
I'm going to put up my Fat Candles and go with the flow
Attached Image
Trade what you see - Not what you think
  • #1,380
  • Jan 11, 2007 10:19pm Jan 11, 2007 10:19pm
Quoting summitfx
Sounds like a plan
Are you putting in a buy stop at 9435? Could there really be another big 100 pip move tonight?

I by any means am NOT an experienced trader, i just like to get other traders inputs.
"Anything in life worth having, doesn't come easy."
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