Daily Cable Analysis | Page 78 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Is it just me or is cable acting random? 49 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

CABLE Centurion 16 replies

Cable: Measuring Fibonacci From Where ? 29 replies

Attachments: Daily Cable Analysis
Exit Attachments

Daily Cable Analysis

  • #1,541
  • Jan 12, 2007 6:01am Jan 12, 2007 6:01am
well, 9550 nice quick move!! now what, down to the 9200 level that you guys were talking about yesterday??
  • #1,542
  • Jan 12, 2007 6:04am Jan 12, 2007 6:04am
Quoting mtrmth
well, 9550 nice quick move!! now what, down to the 9200 level that you guys were talking about yesterday??
Well, as monarch's strategies&calculations:

- end of this week about 9520 (maybe 9530s)
- early next week up to 9550-9560 area
- then a new channel down to 9220...

So far so good...

Please correct me if I'm wrong..
  • #1,543
  • Jan 12, 2007 6:07am Jan 12, 2007 6:07am
i think we have to ask monarch. i was just asking to make sure i got his numbers right about the last fibo was before we went down. this guy is really good!!! hate to ride his coattails, but i need to see what he is seeing to see what i am seeing so i can get my entries and exits right.

does anyone think the market will move to day downward since no trading monday??? here in the u.s. or will europe do what it wants??
  • #1,544
  • Jan 12, 2007 6:09am Jan 12, 2007 6:09am
Quoting mtrmth
i think we have to ask monarch. i was just asking to make sure i got his numbers right about the last fibo was before we went down. this guy is really good!!! hate to ride his coattails, but i need to see what he is seeing to see what i am seeing so i can get my entries and exits right.

does anyone think the market will move to day downward since no trading monday??? here in the u.s. or will europe do what it wants??
Read the last 5-8 pages behing, you'll find the whole deal...
  • #1,545
  • Jan 12, 2007 6:12am Jan 12, 2007 6:12am
Monarch,

There's another fib at 1,9643 on this retracement we're following. Since we've touched 9558 as of now, would you think that 964X becomes a possibility for early next week, before the down move?
  • #1,546
  • Jan 12, 2007 6:22am Jan 12, 2007 6:22am
if i don't remember wrongly, was it close at around 1.9550, market open gap up 50 pips.
detour, i think i saw fixme1too's experiment on cable as 1.9600 TP and then target 8000s. correct my memory if i'm wrong.
Warning - Trade at own risk, these are not signals for sale. (i think)
Hope all is well for everyone today.
Right teaching produces right believing leads to right living. - J.P
  • #1,547
  • Jan 12, 2007 6:26am Jan 12, 2007 6:26am
Here is an interesting comment from efxnow.com "<TD style="FONT-WEIGHT: bold" valign="top" width="60" nowrap="nowrap" halign="left"></TD><TD>Cable tested near 1.9560/65 and failed for now. it pulls back to try near 1.9540. the 1.9565 level is the 61.8% retracement of the move from1.9750 down to 1.9260. If we take it out we may see stops trigger and the pair test near 1.9590 pretty quickly."</TD>
  • #1,548
  • Jan 12, 2007 6:27am Jan 12, 2007 6:27am
Quoting Leugimp
I dont think we should come below 9488 unless on a spike, and the move up to 9557(200 sma 4hr) should materialize.
Shorted @ 9557 Will look for next leg of down move -
Man who scratches ass should not bite fingernails
  • #1,549
  • Jan 12, 2007 6:28am Jan 12, 2007 6:28am
Quoting befr
Here is an interesting comment from efxnow.com "<TD style="FONT-WEIGHT: bold" valign="top" width="60" halign="left" nowrap="nowrap"></TD><TD>Cable tested near 1.9560/65 and failed for now. it pulls back to try near 1.9540. the 1.9565 level is the 61.8% retracement of the move from1.9750 down to 1.9260. If we take it out we may see stops trigger and the pair test near 1.9590 pretty quickly."</TD>
Hmmm.... interesting! This is the exact same comment from Forex.com, word for word !
  • #1,550
  • Jan 12, 2007 6:29am Jan 12, 2007 6:29am
Quoting barakah
if i don't remember wrongly, was it close at around 1.9550, market open gap up 50 pips.
detour, i think i saw fixme1too's experiment on cable as 1.9600 TP and then target 8000s . correct my memory if i'm wrong.
Warning - Trade at own risk, these are not signals for sale. (i think)
Hope all is well for everyone today.
Well, clearing 9560s may include a trip in the 9600 area. But 9800? Well, the thesis being deffended here is that we will visit & clear 9220-91XX (the retracement from the big Nov-Dec up move) before we say hello to Mr. 8000 (correcting: 9800)....

Am I right, folks?
  • #1,551
  • Jan 12, 2007 6:32am Jan 12, 2007 6:32am
comments??
Attached Image
  • #1,552
  • Jan 12, 2007 6:33am Jan 12, 2007 6:33am
Quoting Leugimp
Shorted @ 9557 Will look for next leg of down move -
fridays are tricky so i just took 20 pips on half, and will look for a move to or below news release open on remainder to end the week.
Man who scratches ass should not bite fingernails
  • #1,553
  • Jan 12, 2007 6:34am Jan 12, 2007 6:34am
Quoting Leugimp
Shorted @ 9557 Will look for next leg of down move -
Sorry Leugimp: you're shorting a possible retracement or placing your short for the next week's expected down move...

- sorry bothering you with this... But this is being all about managing my drawdown here... That's why I've stayed out during this whole move. I'll be moch more confortable with a possible drawdown in case we visit 9640s than I'd be if shorting in the 9500 area...
  • #1,554
  • Jan 12, 2007 6:35am Jan 12, 2007 6:35am
a turn here as well on 400 tick chart will form divergence in rsi at the overbought level of a bear market range.
Man who scratches ass should not bite fingernails
  • #1,555
  • Jan 12, 2007 6:41am Jan 12, 2007 6:41am
I'm calling it a night here, enjoyed your companies, views and comments. Hope all have profit and bag some pips into your banks.
Have a good weekend too.
Right teaching produces right believing leads to right living. - J.P
  • #1,556
  • Jan 12, 2007 6:43am Jan 12, 2007 6:43am
Quoting cesarnc
Sorry Leugimp: you're shorting a possible retracement or placing your short for the next week's expected down move...

- sorry bothering you with this... But this is being all about managing my drawdown here... That's why I've stayed out during this whole move. I'll be moch more confortable with a possible drawdown in case we visit 9640s than I'd be shorting in the 9500 area...
I set my short limit at 9557 earlier when I noticed that this 200 sma on 4 hr works well as S&R. It seemed like a great place to short for me, at least for a quick few pips on friday. I do think we are on our way up again to the 2.0000 level, but would be a bit nicer with 1 more move down(not necessary). I was thinking this would be as good a place to start as any based on all the previous analysis. Next week, I see a sharp $+ move early, especially if this move starts to play out strong today, only to lose its power in mid week and completely give up all of its ground mid to end, this would be my ideal scenario for beginning of move back up to 2.0000 level. As for today, I will not leave pos open over weekend. I already dumped half, and will probably unload the rest soon rain or shine as fridays usually have a way with me and its been good enough today already.
Man who scratches ass should not bite fingernails
  • #1,557
  • Jan 12, 2007 6:45am Jan 12, 2007 6:45am
Dear Sir,

I hope i am more capable to contribute, certainly wish i have answers for you too. May you be prosperous and stay healthy.
See you next week. I certainly enjoyed your posts too. Stay cool.

Quoting cesarnc
Well, clearing 9560s may include a trip in the 9600 area. But 9800? Well, the thesis being deffended here is that we will visit & clear 9220-91XX (the retracement from the big Nov-Dec up move) before we say hello to Mr. 8000 (correcting: 9800)....

Am I right, folks?
Right teaching produces right believing leads to right living. - J.P
  • #1,558
  • Jan 12, 2007 6:51am Jan 12, 2007 6:51am
Quoting barakah
Dear Sir,

I hope i am more capable to contribute, certainly wish i have answers for you too. May you be prosperous and stay healthy.
See you next week. I certainly enjoyed your posts too. Stay cool.
You, too barakah... Next week we will see good rock and roll around here, hopefully.
  • #1,559
  • Jan 12, 2007 7:05am Jan 12, 2007 7:05am
Hi all. This is my first post

GU already break 19580 .. so what is the next target guys.?
  • #1,560
  • Jan 12, 2007 7:22am Jan 12, 2007 7:22am
I guess 1.9720 Its just a guess. Please confirm!
12 traders viewing now