Daily Cable Analysis | Page 121 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Is it just me or is cable acting random? 49 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

CABLE Centurion 16 replies

Cable: Measuring Fibonacci From Where ? 29 replies

Attachments: Daily Cable Analysis
Exit Attachments

Daily Cable Analysis

  • #2,401
  • Jan 17, 2007 7:04pm Jan 17, 2007 7:04pm
Quoting Leugimp
Everyone is quitting the thread - the organization needs a new president - I nominate cesarnc, he has been on top of Monarch like a bee to honey and has a great grasp of technical analysis. He always asks the right questions and keeps you on your toes. What do you say?
I thought maybe cesarnc or yourself could take over this thread, you have both been here from the beginning, and both of you have had great analysis.

Therefore, I am handing it over to the both of you, thanks for taking care of the business at hand.

I may check in sometimes during the London open to say hi.

Thanks for your great analysis everyone.
  • #2,402
  • Jan 17, 2007 8:29pm Jan 17, 2007 8:29pm
Quoting Tatton
im not trying to take anything away from this analysis thread but just wanted to comment..


im so glad that so many Christians trade, My life is a miracle, from being delivered from death (6/26/01) and many wonderful miraculus healings in my life ..its great how i start trading just two months ago and find that many God fearing people are part of this community.. God bless you all and monarch .. keep it up ... hopefully one day i will be able to do something similar ..for now im just a poor guy living for Christ .. thanks for all the effort you put into helping spread the Word of Life.. thats love.

i read every post carefully, i am still baffled about the fib lebels etc but i know in time i will get it right .. thanks everyone
We interupt this thread to bring you this Word...

There is no such thing as... "a poor guy living for Christ".
Perhaps you do not have much as far as money, but if you have Christ, you are NOT a poor guy.

Now back to your regularly scheduled trading.
  • #2,403
  • Jan 17, 2007 8:48pm Jan 17, 2007 8:48pm
Sorry for the interruption, but can we just discuss about this religious stuff somewhere else, it seems that the last few posts not really related to our topic..Sorry if this sounds rude, I just wish that we stay on topic. Thanks!


Zarul
I am just here to talk nonsense =D
  • #2,404
  • Jan 17, 2007 9:35pm Jan 17, 2007 9:35pm
There was a fast push upwards to the current price. It seems we're stuck at 1.9730-1.9736 area, which is providing some strong resistance. Additionally, stochastics are showing overbought conditions on the 15min, 30min, 1 hour, 4 hour, and daily charts. I personally don't think price will break resistance but that is only my best guess based on previous history at this price level.
  • #2,405
  • Jan 17, 2007 9:54pm Jan 17, 2007 9:54pm
Quoting mickeymickey
There was a fast push upwards to the current price. It seems we're stuck at 1.9730-1.9736 area, which is providing some strong resistance. Additionally, stochastics are showing overbought conditions on the 15min, 30min, 1 hour, 4 hour, and daily charts. I personally don't think price will break resistance but that is only my best guess based on previous history at this price level.
look at the storch got more room to hit 1.9750 and max 1.9771..
I'll take a short when reaching 1.9750 if indicators allow me to do so..
  • #2,406
  • Jan 17, 2007 10:07pm Jan 17, 2007 10:07pm
there was a little spike just now when it jumped up from 1.9719 or something, I got a fast 17 pips. 2007 is a good month for me though... Increased my small account by 30% so far...
I am just here to talk nonsense =D
  • #2,407
  • Jan 17, 2007 10:36pm Jan 17, 2007 10:36pm
cesar - back to my ticks and bubbles

Bubble indicator on 150 ticks is about 20 pips or so away from outer band, this will be a nice place to counter this move although we must wait for confirmation. Also this would coincide with formation of divergence at key area on the dailys. This move should originally create a nice short term play if we can get there but once daily is confirmed, a much bigger move can be setup. I dont expect this bigger move to happen immediately and a close in price on the dailys above 9785 before a turn might negate it all together and signal that move above 2.0000. In the meantime, I will let the dailys take care of themselves and look for those nice short term setups in the meantime. Lastly, on the 4 hr chart we have a nice divergence forming as a double top that could also coincide with this reversal formation. Lets see what happens.
Man who scratches ass should not bite fingernails
  • #2,408
  • Jan 17, 2007 11:06pm Jan 17, 2007 11:06pm
Looks as though it is going to take a dip, probably to about 9700 or slightly below before going up. This should provide the momentum to get past the resistance it has been stuck behind for hours and also resolve the overbought condition on 30M, 1H, 4H and daily charts.
  • #2,409
  • Jan 17, 2007 11:14pm Jan 17, 2007 11:14pm
Im strating to think we are in a wave 5....
Attached Image
trading on demo is not trading
  • #2,410
  • Jan 18, 2007 12:01am Jan 18, 2007 12:01am
It doesn't seem as if this has any more juice to the upside, but just when it seems that way, SLAM. This is where it gets critical for me to be patient and let it all materialize.
Man who scratches ass should not bite fingernails
  • #2,411
  • Jan 18, 2007 12:04am Jan 18, 2007 12:04am
I'm short from 1.9741 stop 1.9790 target 1.9550 running a little hedge
plan to buy on break of 1.9770 stop 1.9730 target 1.9850
  • #2,412
  • Jan 18, 2007 12:16am Jan 18, 2007 12:16am
From the chart I posted before I think now we will go back down to the 50% fib of 1.9554 for a corrective wave. Then rise back up to take out our high of 1.9749 and hit R2 9791 retrace one more time down and then hit our ultimate high of R3 9861.
trading on demo is not trading
  • #2,413
  • Jan 18, 2007 12:27am Jan 18, 2007 12:27am
Quoting turbokaos
I'm short from 1.9741 stop 1.9790 target 1.9550 running a little hedge
plan to buy on break of 1.9770 stop 1.9730 target 1.9850
How did you get that price, I'm not doubting just interested.
Man who scratches ass should not bite fingernails
  • #2,414
  • Jan 18, 2007 12:42am Jan 18, 2007 12:42am
Hope we see 1.95xx
Quoting enzo2325
From the chart I posted before I think now we will go back down to the 50% fib of 1.9554 for a corrective wave. Then rise back up to take out our high of 1.9749 and hit R2 9791 retrace one more time down and then hit our ultimate high of R3 9861.
  • #2,415
  • Jan 18, 2007 12:46am Jan 18, 2007 12:46am
Quoting Leugimp
How did you get that price, I'm not doubting just interested.
read the post right above yours i think you find almost your answer
  • #2,416
  • Jan 18, 2007 12:49am Jan 18, 2007 12:49am
Many supports to clear, 9708, 9686, 9666, 9616, ... 9580.
We have not seen 9686 for a very long time now.
Right teaching produces right believing leads to right living. - J.P
  • #2,417
  • Jan 18, 2007 12:53am Jan 18, 2007 12:53am
Buy @ 1.9775
SL @ 1.9725
Trailing Stop 0.0010
Limit @ 1.9825
  • #2,418
  • Jan 18, 2007 1:10am Jan 18, 2007 1:10am
Quoting iiivb
Buy @ 1.9775
SL @ 1.9725
Trailing Stop 0.0010
Limit @ 1.9825
Y 9775? (weekly pivot resistance)

Y not take a long as soon as it makes a new daily high (9750ish). We are in a trending market
  • #2,419
  • Jan 18, 2007 1:30am Jan 18, 2007 1:30am
Hello folks,

I am looking for a bounce at the previous high on the 4h chart - 1.9749.
If you'll plot on your 1h chart in the same area you'll have a 1.27 exyension, a daily pivot.

I am looking for a quick 30 pips profit maybe even more.

Good hunting.
  • #2,420
  • Jan 18, 2007 1:39am Jan 18, 2007 1:39am
Because 1.9750 is a TOUGH resistance... if it breaks it, a lot of stops are going to be flushed... and there is where my trade takes advantage

Quoting wryan
Y 9775? (weekly pivot resistance)

Y not take a long as soon as it makes a new daily high (9750ish). We are in a trending market
14 traders viewing now