Daily Cable Analysis

Hope so... I have profits to be collected at 9550

Right.
H&S also.

Where do u think the price will go ?

I am short from 1.9660.

See u down.

My concern is the US news package. Forecast looking USD-negative, but I cannot say whether or not they are already priced in - or even if they are capable of large moves.

that looks like inverted divergence on RSI. Bullish?

Invested Divergence?
what is this?

If BoE keeps raising interest rate, will that mean that people will be pound bullish? Because it's getting more attractive to make Carry trades through pound?

Need to break the pivot for it to go down much lower, me thinks

Inverted divergence is the oppisite of regular divergence.

It happens when the indicator moves higher then the price which i noticed on the chart that was posted. I don't know if this is a popular or even a high probablity concept.

still short @9678 and holding... my t/p is 9575. it looks like this up move may go as high as 9700-9710 before GU starts to had back down. chart does not seem to be clear as of direction so i will stay with my short until t/p. this trade is a little uncomfortable but must stick system.... time will tell

opinions anyone?

How did u get 9678. High on my charts is 9668

i have hade this trade in since 1/16 and have been waiting for my target to hit... sorry i forgot to mention that, i posted it a couple pages back

atr indicator signaling that this up move does not have much strength may present another short oppurtunity......imo

Freaking hard to trade today, already... gosh!

All the Fibs of the recent down move were taken out except 76.4 and this looks to have held and finally the down move looks to be resuming.

I still want to see 9637/9634 broken to assume downwards.. Freaking euro session is pressing up since yesterday. NYC was who brought it down...

And, 9606 wasn't beat last night (GMT). This is another milestone Monarch was working with to assume downwards to 955X

Leugimp,

One pip for your thoughts...

My Ideal scenario would be for price to close this 4 hr bar between 9681 and 9715. Even more Ideal would be for it to spike up first past that level and then close below 9715. This spike showing inability to close above 9715 will be my first hint that a strong move down is materializing. If and when that happens my 150 tick chart should show perhaps an extreme reading in my bubble indicator, which I can then use to setup an early entry. Finally when the 4 hr is confirmed I can add on. My TP will depend on what unfolds throughout the day and stop loss will be defined by reverse engineering stoch signal real time to level that negates this stoch analysis.

This is just one possible scenario.another possible scenario is that price cannot close above 9664 on 4hr and turns prematurely. In this case I will go short on %K slow break of 40(max oversold for uptrend) on close and use reverse engineering to determine profit target and stop loss.

The reason why it would be such a great signal in the first scenario is that there would exist not only divergence, but divergence at a key level within the relevant range.

If this first scenario develops, it may take some time.

As far as my long goes, I exited 100% a little early. My signal set pt1 for 9672 but i got impatient earlier and exited at 9657. I don't have any scalping short term setups right now so I'll just have to wait. Good time to go make a sandwich and smoke a cigarette. This looks like it may be a mentally trying day for me.

Thanks... 1 hour to go, then...