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Daily Cable Analysis

  • #3,221
  • Jan 23, 2007 6:05am Jan 23, 2007 6:05am
I've got all charts at extremes here...From Daily down....

Freaking scary though. Small, but there's still room for 9880-9900
  • #3,222
  • Jan 23, 2007 6:08am Jan 23, 2007 6:08am
The good news is goodthings retracement stats
  • #3,223
  • Jan 23, 2007 6:09am Jan 23, 2007 6:09am
Quoting cesarnc
I've got all charts at extremes here...From Daily down....

Freaking scary though. Small, but there's still room for 9880-9900
I cant wait to be out of this short strat - this is a great time to be patient and wait for a nice long term pullback to buy on confirmation of a positive reversal.
Man who scratches ass should not bite fingernails
  • #3,224
  • Jan 23, 2007 6:17am Jan 23, 2007 6:17am
i am warming up the chainsaw!!!!! rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
  • #3,225
  • Jan 23, 2007 6:19am Jan 23, 2007 6:19am
Quoting Leugimp
we should find resistance up around here at 9889 level - upper tl on 4 hr
I can't see any upper trend line at that level on the 4H charts. Care to post a chart or explain?

To me this looks like 19 December all over again with people trying to call a top all the way up but it just keeps pushing through resistance levels. Today is not a good day for shorts.
  • #3,226
  • Jan 23, 2007 6:22am Jan 23, 2007 6:22am
Quoting notouch
I can't see any upper trend line at that level on the 4H charts. Care to post a chart or explain?

To me this looks like 19 December all over again with people trying to call a top all the way up but it just keeps pushing through resistance levels. Today is not a good day for shorts.
Yeah... I've put on one of those "shorts" today and busted my Monday profit
  • #3,227
  • Jan 23, 2007 6:26am Jan 23, 2007 6:26am
bubble confirmed on 150 tick, boy that is a weak confirmation though - will add to short here @9880 also w no levg for avg rate of 9850 - looking for pt 1 @ 9840 with sl on whole position at close on 150 tick above 9890.
Man who scratches ass should not bite fingernails
  • #3,228
  • Jan 23, 2007 6:33am Jan 23, 2007 6:33am
Hmm.. seems like wave 5 has almost finished, prolly 1 more sub-wave upwards. So far the count is fine, hope it stays that way.
Tra-X
  • #3,229
  • Jan 23, 2007 6:39am Jan 23, 2007 6:39am
Quoting notouch
I can't see any upper trend line at that level on the 4H charts. Care to post a chart or explain?

To me this looks like 19 December all over again with people trying to call a top all the way up but it just keeps pushing through resistance levels. Today is not a good day for shorts.

Here it is although I still agree with you on many of your comments. I took the risk though on signals that were generated, and I don't like to enter on a signal and then exit on a whim as it is bad for trading. I will see this through rain or shine, it is on no levg so not going to kill me monetarily, although this is a rather suspect market to be trying to trade a reversal at this point in time, markets like these I generally like to wait more for continuation type patterns to coincide with oscilators. Well, now my initial pt is at a 20 pip loss on original position and 40 pip gain on this additional one, although I will follow through until bubble down to zero on second pt or break even. otherwise this will be around a 40-50 pip/lot loss for me.
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Man who scratches ass should not bite fingernails
  • #3,230
  • Jan 23, 2007 6:41am Jan 23, 2007 6:41am
he's going to 1.9902 >>> last station I hope
If you count on hope in any trade ……. Get out of it
  • #3,231
  • Jan 23, 2007 6:43am Jan 23, 2007 6:43am
Quoting mandoaddam
he's going to 1.9902 >>> last station I hope

I dont mind as long as he comes back down befor my 150 tick bar closes.
Man who scratches ass should not bite fingernails
  • #3,232
  • Jan 23, 2007 6:48am Jan 23, 2007 6:48am
Quoting Leugimp
I dont mind as long as he comes back down befor my 150 tick bar closes.
Thanks for keeping us up-to-date
  • #3,233
  • Jan 23, 2007 6:50am Jan 23, 2007 6:50am
closed @ 9889 still holding
Man who scratches ass should not bite fingernails
  • #3,234
  • Jan 23, 2007 6:53am Jan 23, 2007 6:53am
We haven't even hit cable's average daily range yet and New York still hasn't had its say. On days like this it's not unusual to see a 250 pip move. You can't fight the trend on a day like today.
  • #3,235
  • Jan 23, 2007 6:53am Jan 23, 2007 6:53am
80 ticks to go and im out if doesn't reverse here
Man who scratches ass should not bite fingernails
  • #3,236
  • Jan 23, 2007 6:56am Jan 23, 2007 6:56am
partys over - out @ 99006
Man who scratches ass should not bite fingernails
  • #3,237
  • Jan 23, 2007 6:57am Jan 23, 2007 6:57am
loss of 56 pip/lot. - will be a spectator for rest of today as I am dissapointed with my activity and need to get my head straight. good luck all
Man who scratches ass should not bite fingernails
  • #3,238
  • Jan 23, 2007 6:57am Jan 23, 2007 6:57am
I´m out of here....

I haven't seen one single respectable resistance all the way up here... Gotta wach the US open to figure out what is it going to be.
  • #3,239
  • Jan 23, 2007 6:59am Jan 23, 2007 6:59am
2.0 possible today?
  • #3,240
  • Jan 23, 2007 7:00am Jan 23, 2007 7:00am
Quoting notouch
We haven't even hit cable's average daily range yet and New York still hasn't had its say. On days like this it's not unusual to see a 250 pip move. You can't fight the trend on a day like today.
162 pips is above its 14 day ATR
Man who scratches ass should not bite fingernails
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