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Daily Cable Analysis

  • #2,061
  • Jan 16, 2007 8:20pm Jan 16, 2007 8:20pm
I'd be happy to do just that if you would put some logic behind your signature or remove it so that I don't have ever have to see it again

I was just reviewing your posts at FF and it seems they all follow the same tone. Nothing

Quoting rdrainey
I think you guys are nailing the lid on the coffin of this thread. If you want to post pointless bickering, please do so on the "Cable Update" thread so the rest of us don't have to read it. Thanks.
Trade what you see - Not what you think
  • #2,062
  • Jan 16, 2007 8:21pm Jan 16, 2007 8:21pm
Quoting summitfx
I'd be happy to do just that if you would put some logic behind your signature or remove it so that I don't have ever have to see it again
The logic is that it is my pet peeve to see so many people misuse the English language. I could add more, but I decided to leave it for now. Thanks for your comment.
  • #2,063
  • Jan 16, 2007 8:23pm Jan 16, 2007 8:23pm
Quoting summitfx
I'd be happy to do just that if you would put some logic behind your signature or remove it so that I don't have ever have to see it again

I was just reviewing your posts at FF and it seems they all follow the same tone. Nothing
Man who scratches ass should not bite fingernails
  • #2,064
  • Jan 16, 2007 8:23pm Jan 16, 2007 8:23pm
Thank you I see no reason for your exsistance.

Sorry gang- let's go silent


Quoting rdrainey
The logic is that it is my pet peeve to see so many people misuse the English language. I could add more, but I decided to leave it for now. Thanks for your comment.
Trade what you see - Not what you think
  • #2,065
  • Jan 16, 2007 8:44pm Jan 16, 2007 8:44pm
For review
Attached Image
  • #2,066
  • Jan 16, 2007 8:56pm Jan 16, 2007 8:56pm
Leugimp

If any one was short, I would set my Target at 1.9525-35 to be safe, that would still be 177 pips from the High.

That would be pushing the envelope in my terms.
  • #2,067
  • Jan 16, 2007 9:14pm Jan 16, 2007 9:14pm
How high you think will it be for today? At the 38.2 Fibo from yesterdays hi-lo

http://i143.photobucket.com/albums/r...y/a95934f2.gif
  • #2,068
  • Jan 16, 2007 9:16pm Jan 16, 2007 9:16pm
Daily Average For GbpUsd Monday0.0122
Daily Average For GbpUsd Tuesday0.0134
Daily Average For GbpUsd Wednesday0.0123
Daily Average For GbpUsd Thursday0.0141
Daily Average For GbpUsd Friday0.0146
Daily Average For GbpUsd 2006 & 20070.0133

Wednesday seems to be a low day could be looking at a sub par 100 day. Anybody have information on the news reports.
  • #2,069
  • Jan 16, 2007 9:24pm Jan 16, 2007 9:24pm
This week really has been a bore with the market, and I really can't stand much more.

I hope all of you are sitting tight, because that is about all a person can do right now.

I had a thought of completely dropping everything the remainder of the week, and taking a long break to let things just go its way from here.

GBP has found itself in a crossroads in my opinion, and since most Fibo's I have marked have completed, there is only one direction it could go.

And until then, I am contemplating standing back and observing only, and possibly taking a few real quick trades for small margins only.

I would ask that you could please keep the thread in order while I am gone.

Thanks
  • #2,070
  • Jan 16, 2007 10:18pm Jan 16, 2007 10:18pm
taken twelve pips and closing that trade
  • #2,071
  • Jan 16, 2007 10:43pm Jan 16, 2007 10:43pm
sitting tight may be a good idea, however with the positive reversals forming and confirmed, and the fundies coming out the way they are, I would look for a nice move up past the 9700 level today. Granted we can still move south quite a bit before any of these signals are negated, but that is exactly why it is even more important to watch your leverage and build into the position. As for trying to pick off every little gyration, that for me is out of the question right now, too risky.
Man who scratches ass should not bite fingernails
  • #2,072
  • Jan 16, 2007 11:13pm Jan 16, 2007 11:13pm
Quoting Leugimp
sitting tight may be a good idea, however with the positive reversals forming and confirmed, and the fundies coming out the way they are, I would look for a nice move up past the 9700 level today. Granted we can still move south quite a bit before any of these signals are negated, but that is exactly why it is even more important to watch your leverage and build into the position. As for trying to pick off every little gyration, that for me is out of the question right now, too risky.
I have not ruled out 1.9750 will wait and see what develops
  • #2,073
  • Jan 17, 2007 12:10am Jan 17, 2007 12:10am
if cable can hold until 5AM - the move up will be confirmed on the 4 hour chart, then again, it could reach its initial target by then, so if you arent long already and want to be, this is something to consider.
Man who scratches ass should not bite fingernails
  • #2,074
  • Jan 17, 2007 12:34am Jan 17, 2007 12:34am
Quoting Leugimp
if cable can hold until 5AM - the move up will be confirmed on the 4 hour chart, then again, it could reach its initial target by then, so if you arent long already and want to be, this is something to consider.
I don't know if I if can hold up till 5 am
  • #2,075
  • Jan 17, 2007 12:37am Jan 17, 2007 12:37am
Nice trade 9er. I set an alarm for the GU to touch the pivot point @ .32 and it rewarded me with a little snack of 10 pips locked and loaded
Trade what you see - Not what you think
  • #2,076
  • Jan 17, 2007 12:54am Jan 17, 2007 12:54am
I've got a buy stop order at .39 so I can catch some pips if and when it pops thru the pivot on it's way to .75 perhaps
Trade what you see - Not what you think
  • #2,077
  • Jan 17, 2007 12:56am Jan 17, 2007 12:56am
[quote=summitfx;189082]Nice trade 9er. I set an alarm for the GU to touch the pivot point @ .32 and it rewarded me with a little snack of 10 pips locked and loaded[/q uote] let's see what kind of trouble london will kick up
  • #2,078
  • Jan 17, 2007 12:58am Jan 17, 2007 12:58am
all of the majors touched the daily pivot points and bounced a bit. I'll look for breaks either direction to set the tone for the pre-London session
Trade what you see - Not what you think
  • #2,079
  • Jan 17, 2007 1:00am Jan 17, 2007 1:00am
great Pivot tool if anyone needs one. I'm always amazed how well it works. I base most of my trades with them
Attached File(s)
File Type: mq4 FiboPiv_v3.mq4   5 KB | 399 downloads
Trade what you see - Not what you think
  • #2,080
  • Jan 17, 2007 1:08am Jan 17, 2007 1:08am
Quoting summitfx
great Pivot tool if anyone needs one. I'm always amazed how well it works. I base most of my trades with them
I use tradestation, what does that fib pivot tool do.
Man who scratches ass should not bite fingernails
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