Daily Cable Analysis

Quoting mohsen57

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Cable just broke it's support and in the low of today, i think it could go down today also, because of 2 big reversal candle yesterday, any thought?

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Quoting Leugimp

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A close above the 9695 on 1600 tick before a further decline below yesterdays low, and we may see a railroad track form very quickly on the dailys right back into the mid 9800's, with a very big possibility to go over 2.0000 on friday if news comes out in that direction.

1600 tick finding strong support in key rsi range with positive reversal formed. Daily found resistance just above key rsi range and turned violently, very common with shakouts. Divergences occuring accross the board on lesser timeframes - fundies haven't really switched much, just an overreaction to a vote count that was affected by fear of what would happen to financial markets if extreme vigilance was implied(kind of like the inverse to Soros breaking the bank of England) - this may be what its all about. Little to no leverage will handle the possible drawdons and allow to load on more longs at key buying levels.

Perhaps one quick spike down to shake off the remaining few and away we go, no more speculative sellers left to sell without crazy leverage. What do you think, that the big boys will come in now to the short side to propel this further down and help all the short specs out .

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Quoting bodge

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cable bounced off 1.9645 yesterday, so it's still trading above yesterdays low. I wouldn't look for a short until it can break that level.

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Quoting henrycarol

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I really dont think it could go back up to 1.9800 this week.

Not even 1.9750

But if it does, I salute you and the market

GBP remains offered.

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Quoting bodge

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But whatever you say, aye aye captain!

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Quoting mohsen57

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yes you're right, still couldn't break previous day low, but the candle showing strong down move, we'll have to wait for London to see what happen, thanks dodge.

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Quoting monarch

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I may only be speaking for myself, I agree that there is a Cable based conversation on this thread, and that the moderators are probably laid back, but my opinion is that every sentence does not have to have this kind of language.

As far as you know, there may be children and ladies who read this thread, and that is disprectful to them, and to all of us that do not carry ourselves in this manner.

I am not saying you can't cuss and use this verbage, but I am only requesting that you would do it in more private place.

That just may be old school, and that is the way I was raised, others may like it, I just happen not to.

Thanks for understanding.

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Quoting positivepips

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Hello Iam new here and see you all have great input minus the bull but i have a simple question... how do I get the posts to come up instantly so I can read what your saying. I have to switch back and forth pages to get the new ones to update...? Promise I'll contribute when I get ready
Thanks

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Quoting bodge

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Hey monarch,
I hear you. I'm sorry to anyone who was offended by my (or dukes! ) language. I will tone it down, thanks. Ok back to cable..
PS: would you like me and duke to delete our posts?

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Quoting positivepips

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Hello Iam new here and see you all have great input minus the bull but i have a simple question... how do I get the posts to come up instantly so I can read what your saying. I have to switch back and forth pages to get the new ones to update...? Promise I'll contribute when I get ready
Thanks

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Quoting positivepips

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Hello Iam new here and see you all have great input minus the bull but i have a simple question... how do I get the posts to come up instantly so I can read what your saying. I have to switch back and forth pages to get the new ones to update...? Promise I'll contribute when I get ready
Thanks

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Quoting mohsen57

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GBP/JPY and euro/jpy seems find their support and they are heading north again, if i am not wrong, maybe cable will follow them soon, i wanna take small long position on cable from this view. any thoughts?

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Quoting rdrainey

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And I use yet another method:

I keep my browser window open to my "subscription" page and refresh it periodically. I find that the subscription page refreshes much more quickly than the thread pages do. The added benefit to this method is that I see when new posts are added to ALL of the threads to which I subscribe. And it keeps my email inbox from getting too overloaded.

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