Attachments: Daily Cable Analysis

Daily Cable Analysis

#2,981
Jan 22, 2007 2:39am Jan 22, 2007 2:39am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

Quoting cesarnc

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Wierd...
My 5min 250EMA is 1,9742 right now...

15min 250 EMA = 1,9721 - OK

Ignored

I stated that 1.9737 would place us below the 250 EMA, not that it would be on it.

I have 1.9740 as the 250 EMA on the 5 Minute.

I am using different chart than most people here, and the price I place is usually 1 pip below what your seeing.

#2,982
Jan 22, 2007 2:45am Jan 22, 2007 2:45am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

What happens from the Frankfurt Open Low and the London Open High on the 5 Minute Candle plays an important role in price direction daily.

You can see that the Low during Frankfurt at 1.9737 is being very stubborn right now, and is not giving way to a drop below.

On the High we had 1.9753 during the Frankfurt 1 Hour time frame, and also it was the High on the London open so far.

I am looking at two things here.

#1 Will the Low 1.9737 Hold for a bounce, or be breached for a drop downward?

#2 If the Low holds, and we see a bounce upwards, will we see the 1.9753 hold, or be breached.

It is here that I will factor my calculations for the daily range, bar the news sometimes does help price move much better, as we have seen last Friday.

My Goal #1 is complete, the money is in the bank 1 hour to capture profits.

Goal #2 is waiting now on these two important perimeters.

This is just one strategy that I am analyzing for the time, this does not include my Long term analysis.

#2,983
Jan 22, 2007 2:49am Jan 22, 2007 2:49am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

After the Low was tested 6 times on the 5 Minute, it has held true, now we see the price jump upwards to test the High once again.

The same goes here, test and see if we have breach on the 5 Minute, if so, we could be in an upward move from there.

I had no positions opened since the London Open.

#2,984
Jan 22, 2007 2:53am Jan 22, 2007 2:53am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

The High on last Friday London open was 1.9754, we have just hit this mark, and we also have risen above the High for the day.

So far the high is 1.9755, but there is no complete candle yet showing breach has been accomplished.

I will wait for the first 5 minute candle to clear the 1.9753 mark without a body or wick touching the line.

From there, I would say we are heading upward once again.

This is only an analysis, not a recommendation.....

#2,985
Jan 22, 2007 2:58am Jan 22, 2007 2:58am

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

Quoting monarch

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Based upon my calculations, the Key Price will be 1.9754 which was also the London Open Price during the Friday Session.

Ignored

Quoting monarch

Disliked

These figures are based upon the 1 Hr Fibo setup and subdivisions that have completed every setup cycle, including a cross reference of the previous 6 pivot levels that I had calculated.

1.9754 is the result of each of the price breakdowns to the exact pip.

It just happens to be the exact open Price for the London open Friday, which we have come up too today, and found Resistance so far at 1.9753

My projection would be to watch this mark during the next few hours with London coming online, then we shall see if it holds Resistance, or actually becomes a new support for a continual upward movement.

I actually would expect to see this price range straddled during the Frankfurt hour before the London open, if not, it may actually happen during the London open time.

I also have the 1.9722 on the Low for support still, same as Cesarnc.

1.9739 will have to be penetrated and breached during the Frankfurt hour, and possibly 1.9722 could be the Frankfurt Low.

These are a few ideas for the newbies to watch, but please do not consider this a trade recommendation.

This is a Short Term Analysis, that may affect the Long Term this week.

Ignored

This was my original analysis over 3 hours ago.

I can see now the 2 price ranges at 1.9754 and 1.9739 areas are a very nice border to the price that is bouncing inside like a yo-yo.

As of right now, I am closing my charts, profits are in the bank, and Goal #2 will have to wait until tomorrow at Frankfurt/London opens.

Have a great night-morning everyone.

Trade careful.

#2,986
Jan 22, 2007 3:02am Jan 22, 2007 3:02am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting monarch

Disliked

This was my original analysis over 3 hours ago.

I can see now the 2 price ranges at 1.9754 and 1.9739 areas are a very nice border to the price that is bouncing inside like a yo-yo.

As of right now, I am closing my charts, profits are in the bank, and Goal #2 will have to wait until tomorrow at Frankfurt/London opens.

Have a great night-morning everyone.

Trade careful.

Ignored

Thanks man... Looks like we're having one of those hard days

#2,987
Jan 22, 2007 3:04am Jan 22, 2007 3:04am

southernmind
| Joined Oct 2006 | Status: Trader | 924 Posts

Somebody's having fun toying with us.

#2,988
Jan 22, 2007 3:04am Jan 22, 2007 3:04am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Leugimp

Disliked

I wish I had been posting it would be a good sign. Unfortunatelyfor me, my puppy ate a pack of wrigleys orbit gum which has a deathly toxic sweetener in it for dogs. He is now hospitalized on IV and being given a glucose treatment. This stuff cause their blood sugar to drop fast, causing depression, anxiety, seizures and leads to liver failure. It is really heartbreaking so for any of you with dogs, watch out for this gum or any other product using xylitol as a sweetner(as it is becoming much more widely used, for humans it actually has good effects). As for me I will be out of the market until I resolve this situation with my dog. Poor guy.

Ignored

Wish a nice outcome. I've been in situations like that before and know how it feels like...