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Daily Cable Analysis

  • #2,301
  • Jan 17, 2007 12:41pm Jan 17, 2007 12:41pm
Naw 59Fender,

My next scheduled release is CPI.... You become a MoneyMa$ter not by trading every news announcement that comes along but by trading those select announcements for which you have fundamental and technical reasons to expect a profit.
  • #2,302
  • Jan 17, 2007 12:44pm Jan 17, 2007 12:44pm
looking for one more push upwards, a break of 1.9727 will put 1.9750 on the map a nice pin bar on thr 4 hour chart is a possiblilty
  • #2,303
  • Jan 17, 2007 12:50pm Jan 17, 2007 12:50pm
Quoting cesarnc
What do you see, wbpsyn?

looks like fibs working fine ....

For scalpers and people who may wonder if you can use Fibs on the 1 min to make money, notice the Fib from 1.9722 to 1.9704 and the 61.8% retrace.
  • #2,304
  • Jan 17, 2007 12:50pm Jan 17, 2007 12:50pm
Quoting 59fender
looking for one more push upwards, a break of 1.9727 will put 1.9750 on the map a nice pin bar on thr 4 hour chart is a possiblilty
Here's an example of what I mean. Beige Book should provide that push in that the data should reveal USD negative information, i.e., a slowing economy. So if I were trading this event, I would establish a long position for cable based on that expected push...then based on our earlier TA, I'd go short after the effects of the announcement dissipate.

Just information; not a recommendation.

Actually I may just do this.....
  • #2,305
  • Jan 17, 2007 1:05pm Jan 17, 2007 1:05pm
If the Beige Book moves the market much further, I don't know what I'll do with all these pips!!!
  • #2,306
  • Jan 17, 2007 1:06pm Jan 17, 2007 1:06pm
Quoting MoneyMa$ter
If the Beige Book moves the market much further, I don't know what I'll do with all these pips!!!


Keep it! Tomorrow President of Australia may pick his nose and BANG, you loose them all!
  • #2,307
  • Jan 17, 2007 1:07pm Jan 17, 2007 1:07pm
Quoting MoneyMa$ter
If the Beige Book moves the market much further, I don't know what I'll do with all these pips!!!
fade fade fade
  • #2,308
  • Jan 17, 2007 1:08pm Jan 17, 2007 1:08pm
The 4 hour chart is looking bullish. We've broken the downtrend line and we're closing near the top of an upward sloping triangle. Given how close we are to 1.9755 you would expect that level to break and take us all the way to 1.9850. MACD has crossed the signal line signalling more strength. On the other hand 1.9755 could hold and take us down to the upward sloping line of the triangle.

Anyone looking for new longs could wait for a Fib retracement of today's move or wait for a break of 1.9755.
Attached Image
  • #2,309
  • Jan 17, 2007 1:12pm Jan 17, 2007 1:12pm
23 fib on the retracement - check
  • #2,310
  • Jan 17, 2007 1:13pm Jan 17, 2007 1:13pm
Quoting cesarnc
23 fib on the retracement - check
Now 38.2% retrace on the 9643 to 9722 Fib on the 15 min chart
  • #2,311
  • Jan 17, 2007 1:17pm Jan 17, 2007 1:17pm
Quoting cesarnc
23 fib on the retracement - check
yes yes yes
  • #2,312
  • Jan 17, 2007 1:18pm Jan 17, 2007 1:18pm
Quoting wpbsyn
Now 38.2% retrace on the 9643 to 9722 Fib on the 15 min chart
not so fast
  • #2,313
  • Jan 17, 2007 1:19pm Jan 17, 2007 1:19pm
Attached Image


MoneyMa$ter, did i do okey ? is the arrow that y mean ?

ups 9695. , a few for lunch tomorrow.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #2,314
  • Edited Mar 3, 2007 2:58pm Jan 17, 2007 1:20pm | Edited Mar 3, 2007 2:58pm
Quoting notouch
The 4 hour chart is looking bullish. We've broken the downtrend line.
Not that I disagree with what you are saying, but attached is a file on pitchforks.

article is good, but the best part is price action at trendlines. have a look, see action, and decide if the trend is broken. starts on page 15.

IMHO, you need a daily close and open above that daily trendline to say it is broken, then again, its only an opinion.

g
With a break always expect a pullback, otherwise, you're dead meat/
  • #2,315
  • Jan 17, 2007 1:23pm Jan 17, 2007 1:23pm
Quoting notouch
The 4 hour chart is looking bullish. We've broken the downtrend line and we're closing near the top of an upward sloping triangle. Given how close we are to 1.9755 you would expect that level to break and take us all the way to 1.9850. MACD has crossed the signal line signalling more strength. On the other hand 1.9755 could hold and take us down to the upward sloping line of the triangle.

Anyone looking for new longs could wait for a Fib retracement of today's move or wait for a break of 1.9755.
Agreed... the 9721 fib resisted today, with no attempt to 9750s. Holding at 96Highs during Asia will give all the breath Cable needs to a nice assault tomorrow... 9780s to play support for overnight...
  • #2,316
  • Jan 17, 2007 1:25pm Jan 17, 2007 1:25pm
Quoting wpbsyn
Now 38.2% retrace on the 9643 to 9722 Fib on the 15 min chart
Same chart shows 5 ema below the 12 ema (bago indicators), suggesting sell cable.
  • #2,317
  • Jan 17, 2007 1:28pm Jan 17, 2007 1:28pm
Quoting 59fender
yes yes yes
Aaannndddd 38 is a CHECK
  • #2,318
  • Jan 17, 2007 1:29pm Jan 17, 2007 1:29pm
One pip above the 61.8% of the 1.9643 to 1.9722 Fib on the 15 min chart
  • #2,319
  • Jan 17, 2007 1:29pm Jan 17, 2007 1:29pm
Quoting notme32
Attachment

MoneyMa$ter, did i do okey ? is the arrow that y mean ?
That's it.... 9460 is the target Cesarnc sees and I think he may be right. Each time cable hit that upper trend line on your chart, notice how it fell like 200 pips. That's the same trendline hit and briefly broken today.
  • #2,320
  • Jan 17, 2007 1:30pm Jan 17, 2007 1:30pm
Quoting notouch
The 4 hour chart is looking bullish. We've broken the downtrend line and we're closing near the top of an upward sloping triangle. .
so far, and with 30 minutes to go before (at least my 4 hour bar) closes, it needs to jump up 50 pips from current price 9682, to suggest break is not rejected.

g
With a break always expect a pullback, otherwise, you're dead meat/
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