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Daily Cable Analysis

  • #3,041
  • Jan 22, 2007 9:56am Jan 22, 2007 9:56am
it may be just a recomandation cesar, but i think it is a good one. i have a suggestion, a little wild, but it will work!! we all get together on this thread, find out where the big traders work, walk in with large caliber weapons and tell them to move the market once a week, 500 pips up then 500 pips back down to where it was, or vice versa. we all make 1000 pips every week, never a question about when and how many pips, then we can sclap the reat of the week and who cares what those big traders are trying to do and what news they are looking for.

soory, but this lack of movement has made me stir crazy. i took leugi's advice, but is is really cold and it snowed last night, 2 things i dispise!!! this market needs to do something big many times so i can move to tropical climes and i can wear shorts only !!

now the question, since this market is in scalping mode, we look for highs and lows in this range, minus or plus a few pips for the turns and jump in, right?? or do you have a different way of doing it?? i will make up my own way, but i want ideas on how other people scalp when i a range like this.
thanks!!
  • #3,042
  • Jan 22, 2007 10:10am Jan 22, 2007 10:10am
oh test 9788 in my broker
  • #3,043
  • Jan 22, 2007 10:11am Jan 22, 2007 10:11am
Quoting jimo
oh test 9788 in my broker
Anyone to explain this move ?
  • #3,044
  • Jan 22, 2007 10:13am Jan 22, 2007 10:13am
Quoting dswk
Anyone to explain this move ?
Masters of the Universe...

If Jacko is right, look for 1.9800.
Is your SL my TP?
  • #3,045
  • Jan 22, 2007 10:13am Jan 22, 2007 10:13am
Quoting dswk
Anyone to explain this move ?
11:05USD/$ selling off across the board as rumors of another US carrier sent to the Gulf
  • #3,046
  • Jan 22, 2007 10:15am Jan 22, 2007 10:15am
Quoting Higgs
11:05USD/$ selling off across the board as rumors of another US carrier sent to the Gulf
thanks...
  • #3,047
  • Jan 22, 2007 10:16am Jan 22, 2007 10:16am
Quoting mtrmth
we all get together on this thread, find out where the big traders work, walk in with large caliber weapons and tell them to move the market once a week, 500 pips up then 500 pips back down to where it was, or vice versa. we all make 1000 pips every week, never a question about when and how many pips, then we can sclap the reat of the week and who cares what those big traders are trying to do and what news they are looking for.

soory, but this lack of movement has made me stir crazy. i took leugi's advice, but is is really cold and it snowed last night, 2 things i dispise!!! this market needs to do something big many times so i can move to tropical climes and i can wear shorts only !!
it sounds like a strategy to me...

I'm already in tropical clime and wearing shorts, looking for pips to make a trip to Europe.... we're never happy, are we?
  • #3,048
  • Jan 22, 2007 11:00am Jan 22, 2007 11:00am
LOL forexfactory server sleep
  • #3,049
  • Jan 22, 2007 11:10am Jan 22, 2007 11:10am
we had a low 1.9715 to a high of 1.9765 then a low of 1.9738 to a high of 1.9787 A to B = C to D fifty pips
  • #3,050
  • Jan 22, 2007 11:12am Jan 22, 2007 11:12am
Quoting 59fender
we had a low 1.9715 to a high of 1.9765 then a low of 1.9738 to a high of 1.9787 A to B = C to D fifty pips
And then, everybody died.
  • #3,051
  • Jan 22, 2007 11:36am Jan 22, 2007 11:36am
!.9262 to 1.9455 =193pips 1.9591 to 1.9787=196 pips A to B = C to D
  • #3,052
  • Jan 22, 2007 11:36am Jan 22, 2007 11:36am
Hi Guys
I am very much a long term trader, who trades just the 4 big instruments about 10-15 times each per year.

As you can imagine my personal signals line up rarely, (I truly admire you guys who scalp all day long, but my style is a true "set and forget"

Back to the point, On the Jan 11th my signals alerted me of a possible GBP/USD trade, and I entered long on the 16th at 1.9680, so far so good, however I always check the Euro and the Swissy, both are some 300 pips away from coming in line with the Pound, (ie trading in tandem) although there are signs that both will be turning shortly

So, If your are already long ,stay long for the time being
  • #3,053
  • Jan 22, 2007 11:38am Jan 22, 2007 11:38am
Quoting 59fender
we had a low 1.9715 to a high of 1.9765 then a low of 1.9738 to a high of 1.9787 A to B = C to D fifty pips
Is not stable way!
With Regards, MKTrader Not Risk Not Gain!
  • #3,054
  • Jan 22, 2007 11:44am Jan 22, 2007 11:44am
Quoting emmjbee
Hi Guys
I am very much a long term trader, who trades just the 4 big instruments about 10-15 times each per year.

As you can imagine my personal signals line up rarely, (I truly admire you guys who scalp all day long, but my style is a true "set and forget"

Back to the point, On the Jan 11th my signals alerted me of a possible GBP/USD trade, and I entered long on the 16th at 1.9680, so far so good, however I always check the Euro and the Swissy, both are some 300 pips away from coming in line with the Pound, (ie trading in tandem) although there are signs that both will be turning shortly

So, If your are already long ,stay long for the time being
thanks emmjbee....
  • #3,055
  • Jan 22, 2007 11:51am Jan 22, 2007 11:51am
emmjbeeHi Guys
I am very much a long term trader, who trades just the 4 big instruments about 10-15 times each per year.

As you can imagine my personal signals line up rarely, (I truly admire you guys who scalp all day long, but my style is a true "set and forget"

Back to the point, On the Jan 11th my signals alerted me of a possible GBP/USD trade, and I entered long on the 16th at 1.9680, so far so good, however I always check the Euro and the Swissy, both are some 300 pips away from coming in line with the Pound, (ie trading in tandem) although there are signs that both will be turning shortly

So, If your are already long ,stay long for the time being


I completely agree!!on my 4 hour chart and daily stochastic, rsi and macd are all showing cable still wants to rise. It took out its recent high of 1.9777 as I predicted in a post while back and it still has more gass to keep on going. There might be fakes here and there but as long as I keep seeing the 4 hr and daily up and hanging in. not worth loosing pips scalping. Also this quick little down movements we just had was a lil fake cause the rsi on the 15 min,30 and 60 were overbought. Stay long and ride this baby for all shes got. Im predicting 9813 which is my R1 from the pivots I calculated.

Also my 40ema is above the 200 ema on all charts! Im thnking price here my retrace to the 9752 rise again and try to take out 9786

Now lets see if all these damn indicators and fibos serve me right....
trading on demo is not trading
  • #3,056
  • Jan 22, 2007 12:08pm Jan 22, 2007 12:08pm
i was wondering what was going on!! that was aome good data with the letters and numbers, but we need to see the trend is going to be, not what it was, we already missed those pips!!!
  • #3,057
  • Jan 22, 2007 12:13pm Jan 22, 2007 12:13pm
we might be going up, but does anyone really see any movement until europe opens??? i don't ever see any movement except maybe 20 pips scalping for the rest of the day unless the fed speaks and changes rates. unless this thing gets its act together and gets a direction, i only see scalping oppotunities for 20 pips until then. just my 2 cents.

if boe sees a drop in housing numbers like that report said, cliff diving down could be the word of the day, not 2.0 and up?? any thoughts cesar??
  • #3,058
  • Jan 22, 2007 12:14pm Jan 22, 2007 12:14pm
Quoting mtrmth
i was wondering what was going on!! that was aome good data with the letters and numbers, but we need to see the trend is going to be, not what it was, we already missed those pips!!!
the longer we sit @1.9750 the bigger the chance for a correction
  • #3,059
  • Jan 22, 2007 12:18pm Jan 22, 2007 12:18pm
Quoting mtrmth
i was wondering what was going on!! that was aome good data with the letters and numbers, but we need to see the trend is going to be, not what it was, we already missed those pips!!!
My capacity of making judgements are already blurred after so many hours since the London open..

As maket may loose volume from now on I'll go on watching whether of not the price has already set a new level to go up... The highs of December (9754) seems to be taken out already. Question is whether or not it has become a support...

On a choppy market as this it is hard to figure out... Best way will be 4hr candle close... As I don't trust the Asian session, I am possibly calling it a day with a few bucks in the bank.
Hope you guys made a few pips so we won't have to call this "The lousy Monday"...

Cya
  • #3,060
  • Jan 22, 2007 12:21pm Jan 22, 2007 12:21pm
i am going to call it "the lousy monday" anyway since monday should set the trend and momentum for the week. if this is what is going to happen this week, i am going to be very pessimistic!!!

59fender: i assume you are looking at a downward correction, right??
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