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Daily Cable Analysis

  • #3,201
  • Jan 23, 2007 4:41am Jan 23, 2007 4:41am
Quoting cesarnc
What do you read, Leugimp? Room for more up?

the bubble is diverging with price but it still has space to the upside, im already short @9820 but at no levg, will add if bubble gets to extreme. for now im looking for a move back down to 9775 in the min - and extended eventually to 9675 level.

longer term play, i feel a shakeout is in order before this heads up to 2.0000 level and we have already passed the high. Now a breakdown to below 2-3 day low should add some sellers to the mix for commercials to pick up at better price. Risky play, but I'm feeling good about it with alot of timeframes coming together at key levels, the key for me here is to be patient for add on to control leverage and keep it at a min so that a loss taken is relatively small, even though the move may be large.
Man who scratches ass should not bite fingernails
  • #3,202
  • Jan 23, 2007 4:42am Jan 23, 2007 4:42am
Quoting turbokaos
i'm long from 1.98 looking for 1.9850
I wish all my trades would last this long..
  • #3,203
  • Jan 23, 2007 4:45am Jan 23, 2007 4:45am
Hi Guys

Hope you all are still long overall, but beware, cable hit a triple top at around the 1.9860 mark (made on December 1st and 4th), dealers hate those even numbers, so a probable retrace is about to happen

For those interested, both the Euro and Swissy has turned in alignment with Sterling

I am still bullish on cable, for the time being
  • #3,204
  • Jan 23, 2007 5:05am Jan 23, 2007 5:05am
ok leugi or cesar, is this a new support at 9840 or is this halftime???
  • #3,205
  • Jan 23, 2007 5:08am Jan 23, 2007 5:08am
Quoting mtrmth
ok leugi or cesar, is this a new support at 9840 or is this halftime???
  • #3,206
  • Edited 5:35am Jan 23, 2007 5:09am | Edited 5:35am
Quoting de123

O i just need to reply 2nd time, see post 108 ,...why evrybody wants to catch the top in a bulish market, and bottom in bearish...just dont get it (it should be the other way arround), that doesnt say go long or short now!!!!...if u wont to make any corelation towards eur/usd, then do look eur/gbp and u will find out that its not so correlated, since they raised the rates,....if the eur will raise them, and they dont, then the euro will rally the same or similar, and will catch up with pound,...today there is bush speach, which may inluence somewhat in futures & currencies ...

I think this rise up was pure technical...a bullsih triangle...
What do u think

PS(I'm a beginer)

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  • #3,207
  • Jan 23, 2007 5:14am Jan 23, 2007 5:14am
Quoting mtrmth
ok leugi or cesar, is this a new support at 9840 or is this halftime???
on very short term I have it as RSI pivot holding as minor resistance 150 tick chart - only closeabove it would switch this temporary view
Man who scratches ass should not bite fingernails
  • #3,208
  • Jan 23, 2007 5:22am Jan 23, 2007 5:22am
Quoting Leugimp
on very short term I have it as RSI pivot holding as minor resistance 150 tick chart - only closeabove it would switch this temporary view
Looking like a resistance to me, too. Not support. Previous 1hr candle closed at 9835. We have to watch...

What would be the expectation for the US session? Bring it down?
  • #3,209
  • Jan 23, 2007 5:22am Jan 23, 2007 5:22am
Quoting Leugimp
on very short term I have it as RSI pivot holding as minor resistance 150 tick chart - only closeabove it would switch this temporary view

150 tick just closed at 9837- 9840 still holding as resis
Man who scratches ass should not bite fingernails
  • #3,210
  • Jan 23, 2007 5:40am Jan 23, 2007 5:40am
150 tick closed above 9840 - test is now if it continues or railroads back
Man who scratches ass should not bite fingernails
  • #3,211
  • Jan 23, 2007 5:45am Jan 23, 2007 5:45am
Quoting goran241
I think this rise up was pure technical...a bullsih triangle...
What do u think

PS(I'm a beginer)

http://www.forexfactory.com/C:\Docum...ullsihtriangle
it was confusing ...rising wedges in an uptrend, symetrical triangle or penants http://www.chartpatterns.com/technicalanalysis.htm,....so the best choose was either go short on a break of support or long on a break of resistance (buy vs sell stops do the job if u wont to trend it)....i dont wont to be the smart guy, im a learner too, maybe a little faster...
its just money
  • #3,212
  • Jan 23, 2007 5:45am Jan 23, 2007 5:45am
that answers that
Man who scratches ass should not bite fingernails
  • #3,213
  • Jan 23, 2007 5:50am Jan 23, 2007 5:50am
150 tick at an extreme on bubble, will wait for turn now and confirmation. Should find good resistance in 9880 level
Man who scratches ass should not bite fingernails
  • #3,214
  • Jan 23, 2007 5:50am Jan 23, 2007 5:50am
taking out some stops leugi???
  • #3,215
  • Jan 23, 2007 5:53am Jan 23, 2007 5:53am
Quoting Leugimp
150 tick at an extreme on bubble, will wait for turn now and confirmation. Should find good resistance in 9880 level
Keep us posted...

Ticks and bubbles use to give good pips....
  • #3,216
  • Jan 23, 2007 5:53am Jan 23, 2007 5:53am
Quoting mtrmth
taking out some stops leugi???

looks like it may be more than taking out stops , thank god for not using levg. Nevertheless, I will see my strat through.
Man who scratches ass should not bite fingernails
  • #3,217
  • Jan 23, 2007 5:55am Jan 23, 2007 5:55am
Quoting de123
it was confusing ...rising wedges in an uptrend, symetrical triangle or penants http://www.chartpatterns.com/technicalanalysis.htm,....so the best choose was either go short on a break of support or long on a break of resistance (buy vs sell stops do the job if u wont to trend it)....i dont wont to be the smart guy, im a learner too, maybe a little faster...
I edited my last post, and now u can see what i was talking about!!!
  • #3,218
  • Jan 23, 2007 5:56am Jan 23, 2007 5:56am
Waiting for confirmation is the key. Never ever fight a move like this - it's like trying to catch a firework on the way up. It does look like a blow off top but it could go all the way to 2.0 before finally finding sellers. American traders are going to be feeling the pain for missing the move and buying any dip for the rest of the day.
  • #3,219
  • Jan 23, 2007 6:01am Jan 23, 2007 6:01am
Quoting notouch
Waiting for confirmation is they key. Never ever fight a move like this - it's like trying to catch a firework on the way up. It does look like a blow off top but it could go all the way to 2.0 before finally finding sellers. American traders are going to be feeling the pain for missing the move and buying any dip for the rest of the day.
something worth considering, especially those that didn't leave any physical stops on short positions.
Man who scratches ass should not bite fingernails
  • #3,220
  • Jan 23, 2007 6:04am Jan 23, 2007 6:04am
we should find resistance up around here at 9889 level - upper tl on 4 hr
Man who scratches ass should not bite fingernails
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