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Daily Cable Analysis

  • #2,141
  • Jan 17, 2007 5:08am Jan 17, 2007 5:08am
to keep a short term perspective, take a look at raghee horners xwave: 3 indicators ploted on same chart. All 34 period exponential MA's one of close, one of high, and one of low. Depending on clock angle of the wave, which is very subjective, this wave serves as good short term entry area and stoploss level when coupled with other setups. MAybee it can help you find an entry for some quick pips if you are itching.
Man who scratches ass should not bite fingernails
  • #2,142
  • Jan 17, 2007 5:10am Jan 17, 2007 5:10am
Quoting cesarnc
Thanks... 1 hour to go, then...

not for me, my 4hr ends at 9AM ET. gives me 3 hrs.
Man who scratches ass should not bite fingernails
  • #2,143
  • Jan 17, 2007 5:13am Jan 17, 2007 5:13am
Quoting Leugimp
not for me, my 4hr ends at 9AM ET. gives me 3 hrs.
Ok... Them your 4hr will engulf the news.. Interesting...
  • #2,144
  • Jan 17, 2007 5:25am Jan 17, 2007 5:25am
Quoting cesarnc
Ok... Them your 4hr will engulf the news.. Interesting...
Just the way I like it, right at the end of my bar. Also like I said if my Bubble Indicator gets extreme, I can use it to enter early. My big confirmation will not occur until after news time today though, that is correct. On some days it comes early, on others it comes later. Although the setup will be developing at time of TIC data, the confirmation of the turn will probably not come until 1PM the earliest, perhaps not even until later tonight or tomorrow, like i said, this one could take time. In the meantime, I am sure some smaller setups will develop on shorter timeframes, right now I just don't have any that I trade.
Man who scratches ass should not bite fingernails
  • #2,145
  • Jan 17, 2007 5:32am Jan 17, 2007 5:32am
On my 15 min chart the CCI ( OM50 0) is just hovering above the 100 line, waiting to see if there is a bounce or if it goes through it.
  • #2,146
  • Jan 17, 2007 5:39am Jan 17, 2007 5:39am
Just for the record,

Last month's PPI was way beyond expectations. Thus, there may ba a revision on this number today. Watch out for whipsaw.
  • #2,147
  • Jan 17, 2007 5:40am Jan 17, 2007 5:40am
And I would say, we've lost monarch, already....
  • #2,148
  • Jan 17, 2007 5:43am Jan 17, 2007 5:43am
I think he's taking a break. Hope he'll rest well and come back refreshed.
Right teaching produces right believing leads to right living. - J.P
  • #2,149
  • Jan 17, 2007 5:46am Jan 17, 2007 5:46am
Here is a possible scalp setting up on 25 tick chart. Divergence forming on unbound indicator. Wave angle is flat so looking to break out. If breaks out to upside and forms a douple top, I can fade the breakout and use the top as a stop loss looking to come back to mid/bottom of wave as tp1. Even if upside breakout doesn't fail, it is common for it to test wave again before continuing making first tp very likely. 2nd tp will be pivot low @9647 and 3rd will ride wave to the end or close out at +10 pip. Lets see if it comes through.
Man who scratches ass should not bite fingernails
  • #2,150
  • Jan 17, 2007 5:47am Jan 17, 2007 5:47am
Quoting Leugimp
Here is a possible scalp setting up on 25 tick chart. Divergence forming on unbound indicator. Wave angle is flat so looking to break out. If breaks out to upside and forms a douple top, I can fade the breakout and use the top as a stop loss looking to come back to mid/bottom of wave as tp1. Even if upside breakout doesn't fail, it is common for it to test wave again before continuing making first tp very likely. 2nd tp will be pivot low @9647 and 3rd will ride wave to the end or close out at +10 pip. Lets see if it comes through.
i forgot to ad pic, here it is
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Man who scratches ass should not bite fingernails
  • #2,151
  • Jan 17, 2007 5:50am Jan 17, 2007 5:50am
Quoting cesarnc
And I would say, we've lost monarch, already....

Hope not
Man who scratches ass should not bite fingernails
  • #2,152
  • Jan 17, 2007 6:08am Jan 17, 2007 6:08am
Is it me, or this market is DISGUSTING those last three days...?
  • #2,153
  • Jan 17, 2007 6:09am Jan 17, 2007 6:09am
Oh my guys, looks like my insomnia has gotten to me. Although A divergence on the 4 hr chart in that range would be significant, until it is confirmed there has already been confirmed a strong positive reversal at important level on 4hr chart with price targeting the 9800 level. This signal absolutely takes precedence but confirmation already passed me by at 9644. If I get another chance to enter there I will take it and build the position on any touch of the stoch trendline. As for the divergence, if it occurs will be signal to get out and reverse. This day is really banging my head up.
Man who scratches ass should not bite fingernails
  • #2,154
  • Jan 17, 2007 6:13am Jan 17, 2007 6:13am
a good first target would be 9710, second 9720 and third let ride. But with the volatile news coming out and all of these conflicting signals, perhaps it will be wise to use little to no leverage.
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Man who scratches ass should not bite fingernails
  • #2,155
  • Jan 17, 2007 6:20am Jan 17, 2007 6:20am
Quoting Leugimp
a good first target would be 9710, second 9720 and third let ride. But with the volatile news coming out and all of these conflicting signals, perhaps it will be wise to use little to no leverage.
Thanks Leugimp...

I'm closing my short before the news and will skipt it.

- Package of news coming during 45 minutes
- Actual PPI number looks USD-negative
- Previous was way too USD-positive, revision is likely
- 9660 tells nothing about direction
- Support and Resistances all over the field
- 4hr / 1hr full of dojis and pin-bars and whipsaws and spinners
- Indicators going nuts...

9600-9700 looking nasty to trade....
  • #2,156
  • Jan 17, 2007 6:23am Jan 17, 2007 6:23am
Quoting cesarnc
Is it me, or this market is DISGUSTING those last three days...?
I think the market is quite confused atm. Yesterday I heard an interesting comment by an American investment manager who visited Europe in the last few days, and he said that the European investors are generally Bearish on the greenback, while he, and most of his American colleagues think that this Bearish view of the dollar in the Eu is Bull , so they are more Bullish!
This imho is the reason for the indecision we are witnessing right now.
  • #2,157
  • Jan 17, 2007 6:24am Jan 17, 2007 6:24am
Quoting cesarnc
Thanks Leugimp...

I'm closing my short before the news and will skipt it.

- Package of news coming during 45 minutes
- Actual PPI number looks USD-negative
- Previous was way too USD-positive, revision is likely
- 9660 tells nothing about direction
- Support and Resistances all over the field
- 4hr / 1hr full of dojis and pin-bars and whipsaws and spinners
- Indicators going nuts...

9600-9700 looking nasty to trade....
sometimes no position is the best position. DiNapoli says it best, "Loss of opportunity is preferable to a loss of capital".
Man who scratches ass should not bite fingernails
  • #2,158
  • Jan 17, 2007 6:30am Jan 17, 2007 6:30am
Quoting forexian
I think the market is quite confused atm. Yesterday I heard an interesting comment by an American investment manager who visited Europe in the last few days, and he said that the European investors are generally Bearish on the greenback, while he, and most of his American colleagues think that this Bearish view of the dollar in the Eu is Bull , so they are more Bullish!
This imho is the reason for the indecision we are witnessing right now.
You mean, they're more Bullish on the USD or bullish on GBP/USD?
  • #2,159
  • Jan 17, 2007 6:37am Jan 17, 2007 6:37am
Quoting cesarnc
You mean, they're more Bullish on the USD or bullish on GBP/USD?
Sorry for creating more confusion, I meant the US investors are more bullish on the USD.
  • #2,160
  • Jan 17, 2007 6:45am Jan 17, 2007 6:45am
This news worries me. My most likely technical scenario is to the upside, however last PPI came out crazy and nobody bought it. The market is expecting a revision, but if there isn't one, or if it is revised to the upside, well then bombs away, this could really be the catalyst for US dollar moving back to lower 90s upper 80's. That is the risk to my technical scenario, I cannot quantify it in terms of implied odds, but it would seem that any setup prior to the news releases holds too much risk regardless of leverage and so I will not get in at 9644 if price retraces, I will just sit it out until I come up with a much cleaner probable scenario. See you all later.
Man who scratches ass should not bite fingernails
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