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Daily Cable Analysis

  • #1,821
  • Jan 16, 2007 2:30am Jan 16, 2007 2:30am
With Cable you usually find that where price is between a recent high and recent low (not making new highs or lows) then Fibonacci is the best support and resistance and if that breaks then the recent high or low becomes the best support or resistance. I don't find weekly or even daily pivots useful unless the recent high or low is taken out. So 1.975 is a good target if you like selling into resistance.
  • #1,822
  • Jan 16, 2007 2:43am Jan 16, 2007 2:43am
What time is the CPI date going to be announced? Is is 3:30am est or 4:30am est?
  • #1,823
  • Jan 16, 2007 2:47am Jan 16, 2007 2:47am
borders of price up till now
Attached Image
  • #1,824
  • Jan 16, 2007 2:48am Jan 16, 2007 2:48am
Quoting wryan
Wheres ur stops? Cable is inbetween weekly pivots. Next weekly pivot resistance is 1.9720

I willstop selling and get out if my Dynamic Pivot Point Convergence Divergence indicator comes down below1 standard deviation without matching price action. If it doesn't, and it doesn't seem like it will anytime soon, i will sell this into 9750(1/3/07 high).
Man who scratches ass should not bite fingernails
  • #1,825
  • Jan 16, 2007 2:51am Jan 16, 2007 2:51am
Quoting southernmind
What time is the CPI date going to be announced? Is is 3:30am est or 4:30am est?
In 40 mins.
"Anything in life worth having, doesn't come easy."
  • #1,826
  • Jan 16, 2007 2:51am Jan 16, 2007 2:51am
close on 400 tick below 9631 should propel price down to 9500 area.
Man who scratches ass should not bite fingernails
  • #1,827
  • Jan 16, 2007 2:53am Jan 16, 2007 2:53am
Just a thought, Anyone that is GBP bull, wouldn't it make more sense to trade it against the yen?
Man who scratches ass should not bite fingernails
  • #1,828
  • Jan 16, 2007 3:03am Jan 16, 2007 3:03am
if price carries on down for 30 pips and trends down with news, i'll take it that news leaks. since we're 30 minutes b4 release. 1 more thing for me to learn. haha. price now 1.9655.
Right teaching produces right believing leads to right living. - J.P
  • #1,829
  • Jan 16, 2007 3:11am Jan 16, 2007 3:11am
Quoting barakah
if price carries on down for 30 pips and trends down with news, i'll take it that news leaks. since we're 30 minutes b4 release. 1 more thing for me to learn. haha. price now 1.9655.
i DUMPED MY SHORT FOR 1 PIP PROFIT AS i DIDN'T LIKE THAT MOVE. Looks like a short term shakeout of longs prior to news. I will wait to see what develops after the news.
Man who scratches ass should not bite fingernails
  • #1,830
  • Jan 16, 2007 3:11am Jan 16, 2007 3:11am
divergence 1h
Attached Image
  • #1,831
  • Jan 16, 2007 3:13am Jan 16, 2007 3:13am
price just rose 20 some odd pips 20ish min before release
"Anything in life worth having, doesn't come easy."
  • #1,832
  • Jan 16, 2007 3:17am Jan 16, 2007 3:17am
Quoting mosheber
divergence 1h
Your indicators are also showing lower lows without matching price action indicating internal strength(Positive reversal). This is usually more reliable as far as timing goes than divergence.Too many competing signals = wait for my trading.Just an opinoin though.
Man who scratches ass should not bite fingernails
  • #1,833
  • Jan 16, 2007 3:18am Jan 16, 2007 3:18am
12ish min too the release up a couple more pips. Are these the big guys getting ready for the release?
"Anything in life worth having, doesn't come easy."
  • #1,834
  • Jan 16, 2007 3:27am Jan 16, 2007 3:27am
Well for what is worth, i'm long
"Anything in life worth having, doesn't come easy."
  • #1,835
  • Jan 16, 2007 3:28am Jan 16, 2007 3:28am
Quoting YupYup
Well for what is worth, i'm long
Same here
Greed Kills
  • #1,836
  • Jan 16, 2007 3:30am Jan 16, 2007 3:30am
today i had a dream,...lol ..it broke 2.0...
its just money
  • #1,837
  • Jan 16, 2007 3:30am Jan 16, 2007 3:30am
Holy sh!t my T/P was hit and everything!
"Anything in life worth having, doesn't come easy."
  • #1,838
  • Jan 16, 2007 3:32am Jan 16, 2007 3:32am
Now i sit back and wait for the decline, too risky for me to re-enter.
"Anything in life worth having, doesn't come easy."
  • #1,839
  • Jan 16, 2007 3:32am Jan 16, 2007 3:32am
just shorted @95 on that spike, small positin, looks like trying to take out shorts' stops. Lets see after how to add or exit.
Man who scratches ass should not bite fingernails
  • #1,840
  • Jan 16, 2007 3:34am Jan 16, 2007 3:34am
anyone know how it came out
Man who scratches ass should not bite fingernails
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