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Daily Cable Analysis

  • #2,261
  • Jan 17, 2007 10:55am Jan 17, 2007 10:55am
Quoting wpbsyn
Cesarnc,

I have been using the 1.8834 to 1.9846 Fib that you mentioned but my retrace values are different than what you have listed. Here are the values that I am showing:

23.6% = 1.9607
38.2% = 1.9459
50.0% = 1.9340
61.8% = 1.9221
78.6% = 1.9051
My bad... freaking fib upside down... Yours matching monarch's...

Now we have it - click to enlarge....

http://i2.photobucket.com/albums/y28...17-3-small.jpg

I'm in the search for a medium-long term position here, ok? If this triangle confirms, we may see 9460s soon (250 pips from here) and i'd like to take them without (or not depending on) this anoying daily scalping ... Hope you're on the same page here...

But the key here is drawing this upper trend line correctly ! That's where I fell insecure about... In the other hand, only 9800+ would be able to break this pattern... Leugimp, would you mind joining this puzzle here with your indicators? Thanks.
  • #2,262
  • Jan 17, 2007 10:55am Jan 17, 2007 10:55am
A broken trendllne with resistance at 97.50. Hmm Should I add to my position?
Attached Image
Trade what you see - Not what you think
  • #2,263
  • Jan 17, 2007 10:57am Jan 17, 2007 10:57am
94.60- I thought we had a broken trendline to the upside. Boy- Now I'm really confused.
Peace- Out

Quoting cesarnc
My bad... freaking fib upside down... Yours matching monarch's...

Now we have it - click to enlarge....

http://i2.photobucket.com/albums/y28...17-3-small.jpg

I'm in the search for a medium-long term position here, ok? If this triangle confirms, we may see 9460s soon (250 pips from here) and i'd like to take them without (or not depending on) this anoying daily scalping ... Hope you're on the same page here...
Trade what you see - Not what you think
  • #2,264
  • Jan 17, 2007 11:01am Jan 17, 2007 11:01am
Quoting 1Sundevil
All of those things that you're insulting are as much a part of "Daily Cable Analysis" as you calling the down trend dead.

I don't know what Monarch's problem is either, or maybe I mistook what he was trying to "state" in his last post. There are many on here who are new and trying to learn, so they ask a lot of pointed questions. The "intellectuals" who have been doing this for years will post in very cryptic terms discussing pivot points and fibo calculations, which many of the newbies won't understand.

Maybe you should start a thread called "I'm smarter than most of you, so don't ask any questions as it will annoy me". Would that make you feel better?
AGRRED, -------------> its crap too,....


Everybody have style in say someyhing, everyone had crap. is natural;

JUST ignore and dont read if you thing someone post a crap . its easy.


and mine above is crap too. Still waiting to down. short at 9710. (crap too, dont read)
I Deeply Love My Virtual Life In Virtual World , RLC
  • #2,265
  • Jan 17, 2007 11:02am Jan 17, 2007 11:02am
1st wave up 1.9606 to 1.9667 =60 pips second wave up 1.9667 plus 60 pips potential to 1.9727
  • #2,266
  • Jan 17, 2007 11:02am Jan 17, 2007 11:02am
Quoting summitfx
94.60- I thought we had a broken trendline to the upside. Boy- Now I'm really confused.
Peace- Out
Join the club

Please, summitfx, that's my point here. i'm not saying my trend line is correct. I REALLY DON'T KNOW whether or not we should let 9846 out of it, see? That's my point here...

Your trend line, in the other hand, is much more elegant, the way I see it... As the triangle formed with my lower trend line + your upper...
  • #2,267
  • Jan 17, 2007 11:03am Jan 17, 2007 11:03am
Just some facts:

Resistance points above the current price
-1.9721 (the 78.6% line of the 1.9846 to 1.9261 Fib)
-1.9747 to 1.9749 horizontal (highs from 12-19 and 1-2)

We have had 11 record high candles on the 1 hour chart.
8-10 record high or lows for a reversal
(see p.122 of Beyond Candlesticks by Nison)

We have had a 117 pip day as of now.


I am still looking.
  • #2,268
  • Jan 17, 2007 11:04am Jan 17, 2007 11:04am
Quoting cesarnc
But the key here is drawing this upper trend line correctly ! That's where I fell insecure about... In the other hand, only 9800+ would be able to break this pattern... Leugimp, would you mind joining this puzzle here with your indicators? Thanks.
Apparently you think cable's breakthrough of the upper TL is short-lived and that prices will bounce back to the 38 fib, around 9460. Previously, when cable hit that TL, it did fall 200-300 pips, so there is merit to your point.
  • #2,269
  • Jan 17, 2007 11:04am Jan 17, 2007 11:04am
if it fails to break 1.9727 should see 1.9500 this week
  • #2,270
  • Jan 17, 2007 11:06am Jan 17, 2007 11:06am
My point is that the thread has become over populated and as a result is not a good enviornment to learn. Remember Mouteki? It was all the rage and now has disappeared for all practical purposes. Take FF for what it is- Have fun

Newbies will get killed in this forum.
Trade what you see - Not what you think
  • #2,271
  • Jan 17, 2007 11:06am Jan 17, 2007 11:06am
watch for 1.9695
  • #2,272
  • Jan 17, 2007 11:07am Jan 17, 2007 11:07am
Quoting summitfx
My point is that the thread has become over populated and as a result is not a good enviornment to learn. Remember Mouteki? It was all the rage and now has disappeared for all practical purposes. Take FF for what it is- Have fun

Newbies will get killed in this forum.
what about my guarantee?
  • #2,273
  • Jan 17, 2007 11:11am Jan 17, 2007 11:11am
I'm out of here-just reading the last 2 pages gives me a spinning top? I'll give you the same guarantee as last night- Better setups are forthcoming. Too bad you didn't hold your position- sorry I'm chatting again

Quoting 59fender
what about my guarantee?
Trade what you see - Not what you think
  • #2,274
  • Jan 17, 2007 11:16am Jan 17, 2007 11:16am
Quoting MoneyMa$ter
Apparently you think cable's breakthrough of the upper TL is short-lived and that prices will bounce back to the 38 fib, around 9460. Previously, when cable hit that TL, it did fall 200-300 pips, so there is merit to your point.
I'm not assuming this breakthrough is short-lived. But this trend line will help us figure it out. Thatīs my point... and I want those 200-300 pips, set&forget
  • #2,275
  • Jan 17, 2007 11:20am Jan 17, 2007 11:20am
Quoting wpbsyn
Just some facts:

Resistance points above the current price
-1.9721 (the 78.6% line of the 1.9846 to 1.9261 Fib)
-1.9747 to 1.9749 horizontal (highs from 12-19 and 1-2)

We have had 11 record high candles on the 1 hour chart.
8-10 record high or lows for a reversal
(see p.122 of Beyond Candlesticks by Nison)

We have had a 117 pip day as of now.


I am still looking.
This 78fib (9721) matches with an horizontal upper trend line. Guess we've produced a nice milestone to work with...

- Watch resistance at 9721
- Today's high at 9721 produces 23fib retracement at 97LOW, still a watch-out milestone
Second fib would be (38) at 9678 (that has played resistance previously)... and has 93% chance of being reach - Goodthing's statistics

Are those points nice as to start figuring out this babe?
  • #2,276
  • Jan 17, 2007 11:22am Jan 17, 2007 11:22am
Quoting summitfx
My point is that the thread has become over populated and as a result is not a good enviornment to learn. Remember Mouteki? It was all the rage and now has disappeared for all practical purposes. Take FF for what it is- Have fun

Newbies will get killed in this forum.
Whoa...Hold on partner,

For ten days during the Christmas Holidays, we were calling prices a day in advance, almost to the pip and everyone made money, including newbies. I don't know what's happened since then as I returned to my bread-n-butter newstrading when the market returned to "normal". But newbies can learn and make money in this thread.

Maybe there's a little more chatter than some would like, but you just focus on what you need and discard the rest.
  • #2,277
  • Jan 17, 2007 11:26am Jan 17, 2007 11:26am
Where's Leugimp with his "Ticks and Bubbles" when we need him?
  • #2,278
  • Jan 17, 2007 11:27am Jan 17, 2007 11:27am
I have used fibs drawn from the low on 11/17/06 at 1.8833 to the high on 12/01/06 at 1.9846. on 01/08/07 cable crossed the 50% fibline and has been on its way up since then. Also on the weekly chart the last 2 candles have been a double bottom low higher close. This leads me to believe that cable is headed up, but first I think it needs to clear the 1.9720 mark. I think there is significant resistance there. I am at work right now and dont have charts to show all this, is somebody else could post them it would be great. What do you guys think?
  • #2,279
  • Jan 17, 2007 11:32am Jan 17, 2007 11:32am
MoneyMa$ter~

I've been tracking you since I joined FF. You are indeed the MM and as Always I respect and value your opinions. I even thought of you when Romo fumbled that snap. Bring back- Walt Garrison, Bob Lily, Bob Hayes,
Tony Dorsett.

Quoting MoneyMa$ter
Whoa...Hold on partner,

For ten days during the Christmas Holidays, we were calling prices a day in advance, almost to the pip and everyone made money, including newbies. I don't know what's happened since then as I returned to my bread-n-butter newstrading when the market returned to "normal". But newbies can learn and make money in this thread.

Maybe there's a little more chatter than some would like, but you just focus on what you need and discard the rest.
Trade what you see - Not what you think
  • #2,280
  • Jan 17, 2007 11:33am Jan 17, 2007 11:33am
Quoting mpathare
I think there is significant resistance there. I am at work right now and dont have charts to show all this, is somebody else could post them it would be great. What do you guys think?
Here you are.

Click to enlarge... Guess a horizontal trendline makes sense afterall.

http://i2.photobucket.com/albums/y28...17-4-small.jpg
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