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Daily Cable Analysis

  • #2,681
  • Jan 18, 2007 11:04pm Jan 18, 2007 11:04pm
Yesterday we opened the Frankfurt at 1.9725, and the low during the Frankfurt hour was 1.9722, which Cesarnc has as a support.

Once the London opened at 1.9745 it shot up to 1.9777 - then 2 1/2 hours later it dropped below the Frankfurt low and dropped to a low of 1.9634.

Then the US News came out, and brought it back up within 14 pips of the high at 1.9763.

I will be watching the London Session today, it should give a better indication if this upwards move is cooling, or if the support is holding still.
  • #2,682
  • Jan 18, 2007 11:09pm Jan 18, 2007 11:09pm
Quoting monarch
Yesterday we opened the Frankfurt at 1.9725, and the low during the Frankfurt hour was 1.9722, which Cesarnc has as a support.

Once the London opened at 1.9745 it shot up to 1.9777 - then 2 1/2 hours later it dropped below the Frankfurt low and dropped to a low of 1.9634.

Then the US News came out, and brought it back up within 14 pips of the high at 1.9763.

I will be watching the London Session today, it should give a better indication if this upwards move is cooling, or if the support is holding still.
i also anticipate 9745 ± 2 pips as an important level that may act as support,
  • #2,683
  • Jan 18, 2007 11:12pm Jan 18, 2007 11:12pm
Today:

High 1.9777

Low 1.9634

= 143 pip distance - times .618% = 88 pips + 1.9634 = 1.9722

There you go cesarnc.
  • #2,684
  • Jan 18, 2007 11:14pm Jan 18, 2007 11:14pm
Quoting cesarnc
Good morning...

If we draw a fib from yesterday low 9635 up to 9846 (our highest), then 9741 and 9766 are 50 and 38 fibs, exactly where we've hanging for some time now.

I say 9846 is to be visited today..... So I'm waiting for an opening above 9763
I think the great thing about this thread is that we can alert fellow traders of the things that each of us see. Monarch started this thread so I think it's his call on what people post.

Cesarnc: I like trading trend lines. I don't pay much attention to indicator or FIBS. Just a heads up---9763 is below some pretty strong trendline resistance. I think a break a little beyond that would be a good long.
  • #2,685
  • Jan 18, 2007 11:17pm Jan 18, 2007 11:17pm
Quoting cesarnc
i also anticipate 9745 ± 2 pips as an important level that may act as support,
1.9722 support
1.9777 high
= 55 pips - times .618 = 34 pips - 1.9777 = 1.9743.

This is very close to the London Open yesterday, and right now we are sitting tight on this number.
  • #2,686
  • Jan 18, 2007 11:19pm Jan 18, 2007 11:19pm
Quoting wryan
I think the great thing about this thread is that we can alert fellow traders of the things that each of us see. Monarch started this thread so I think it's his call on what people post.

Cesarnc: I like trading trend lines. I don't pay much attention to indicator or FIBS. Just a heads up---9763 is below some pretty strong trendline resistance. I think a break a little beyond that would be a good long.
I turned the thread over to cesarnc and leugimp, they have full reign.

I mentioned that I would occasionally come during the F - London open to check in.

All is well, and they are doing a great job.
  • #2,687
  • Jan 18, 2007 11:20pm Jan 18, 2007 11:20pm
My targets for a good break of 9745 is 9672 which is a conservative target and based on trendline analysis and price strength

some levels to watch are:

9725 (daily middle PP)
9718 (weekly pivot)
  • #2,688
  • Jan 18, 2007 11:21pm Jan 18, 2007 11:21pm
Quoting monarch
I turned the thread over to cesarnc and leugimp, they have full reign.

I mentioned that I would occasionally come during the Frankfurt - London open to check in.

All is well, and they are doing a great job.
Didn't like the way that looked, had to correct it.
  • #2,689
  • Jan 18, 2007 11:22pm Jan 18, 2007 11:22pm
Quoting wryan
I
Cesarnc: I like trading trend lines. I don't pay much attention to indicator or FIBS. Just a heads up---9763 is below some pretty strong trendline resistance. I think a break a little beyond that would be a good long.
What trendline you have wryan? horizontal through 9777? I have one at 9750s, close to last two highs well behind us...

I also like trendlines to drive the trades. But fibos help me in the "what's next" and "what if"... When we see key fibos matching trendlines, then it is like seeing Michelangelo himself at work.
  • #2,690
  • Jan 18, 2007 11:25pm Jan 18, 2007 11:25pm
Quoting monarch

All is well, and they are doing a great job.
Well, when I loose direction here I think: "What would Monarch look for here"

So the "great job" is right back at you...

As I stated previously, I hope to be smart enough to use what I learned from you, man. I'm just working hard here to it...
  • #2,691
  • Jan 18, 2007 11:26pm Jan 18, 2007 11:26pm
Quoting monarch
Didn't like the way that looked, had to correct it.

Ok

I am mostly observing as well. I agree with your earlier comments about this being to much noice. Most people have something else to say and most everybody has a good analysis that fits their own trading style-only maybe a little confusing to new traders. The best way to learn is to learn one thing at a time.
  • #2,692
  • Jan 18, 2007 11:26pm Jan 18, 2007 11:26pm
Quoting wryan
My targets for a good break of 9745 is 9672 which is a conservative target and based on trendline analysis and price strength

some levels to watch are:

9725 (daily middle PP)
9718 (weekly pivot)
I entered a Long at 1.9740 for the low to high in the 1 hour time slot here.

I will exit the Long after the London opens and the high shows indication of losing strength.

Then I will wait for a drop below the 1.9739 mark at the Frankfurt Low so far for a Short.

If it does not drop, but bounces and regains upward momemtum and once again rises above the London High marke , I will re-enter Long at that point.
  • #2,693
  • Jan 18, 2007 11:28pm Jan 18, 2007 11:28pm
Anyone is looking at the 4h MacD Divergence ?
  • #2,694
  • Jan 18, 2007 11:29pm Jan 18, 2007 11:29pm
Quoting cesarnc
What trendline you have wryan? horizontal through 9777? I have one at 9750s, close to last two highs well behind us...

I also like trendlines to drive the trades. But fibos help me in the "what's next" and "what if"... When we see key fibos matching trendlines, then it is like seeing Michelangelo himself at work.
mmm, never thought to use FIBS as Trendline confirmation. Thanx for the tip.
Sorry i can't post a pic to show my lines and/or analysis since i've tried and they turn out unreadable
  • #2,695
  • Jan 18, 2007 11:33pm Jan 18, 2007 11:33pm
Quoting sebytim
Anyone is looking at the 4h MacD Divergence ?
Most time frames are showing Macd divergence. I think it's a good sign of price weekness very soon. But, divergence is a sucker most of the time. BEWARE.

But beings its across all time frames makes it more powerfull
  • #2,696
  • Jan 18, 2007 11:36pm Jan 18, 2007 11:36pm
You are right.

I am looking for a confluence of factors, not to a single one.

Another thing : on the 15min chart and alos on the one hour chart you can see the price just exit from a wedge...

Quoting wryan
Most time frames are showing Macd divergence. I think it's a good sign of price weekness very soon. But, divergence is a sucker most of the time. BEWARE.

But beings its across all time frames makes it more powerfull
  • #2,697
  • Jan 18, 2007 11:53pm Jan 18, 2007 11:53pm
+ 10 pips on the Low Frankfurt to the Opening for London.

Could rise more here in the next 10 minutes, but I have reached my goal for +10 pips each night for Goal 1.

Goal 2 waiting.

Total 35 pips per day per this strategy.
  • #2,698
  • Jan 18, 2007 11:53pm Jan 18, 2007 11:53pm
This is how I see it

4hr - a retracement within the wider channel is possible, but is driving us out of 95XX quicky...

http://i2.photobucket.com/albums/y28/cesarnc/jan-19.jpg

1hr
See how the black channel's trendlines matches with expected supports and resistances as time goes... for the short term.

http://i2.photobucket.com/albums/y28...c/jan-19-2.jpg
  • #2,699
  • Jan 19, 2007 12:04am Jan 19, 2007 12:04am
Opened at 1.9754 (higher than yesterday open at 1.9745)

Frankfurt low establised at 1.9739.

Now will wait for indication to Long or Short, could some time, hopefully not.
  • #2,700
  • Jan 19, 2007 12:11am Jan 19, 2007 12:11am
Quoting monarch
Opened at 1.9754 (higher than yesterday open at 1.9745)

Frankfurt low establised at 1.9739.

Now will wait for indication to Long or Short, could some time, hopefully not.
monarch, what are you looking for as indication, thanks.
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