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Daily Cable Analysis

  • #3,781
  • Jan 25, 2007 12:40am Jan 25, 2007 12:40am
Quoting mohsen57
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?
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.
  • #3,782
  • Jan 25, 2007 12:41am Jan 25, 2007 12:41am
Quoting Leugimp
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 .
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.
  • #3,783
  • Jan 25, 2007 12:45am Jan 25, 2007 12:45am
Quoting bodge
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.
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.
  • #3,784
  • Jan 25, 2007 12:46am Jan 25, 2007 12:46am
Quoting henrycarol
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.
If the cable has an average daily range of 130 pips, then theoretically the price "could" reach 1.9800 today since it is "only" 145 pips away.

But that puts 1.9550ish within range also.
  • #3,785
  • Jan 25, 2007 12:46am Jan 25, 2007 12:46am
Quoting bodge
What words? Shit and other words are sprayed all over this forum, the mods are laid back in that regard.
Quoting bodge
But whatever you say, aye aye captain!


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.
  • #3,786
  • Jan 25, 2007 12:48am Jan 25, 2007 12:48am
Quoting mohsen57
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.
Dodge! I love it! Thanks mohsen57.
Good luck with your trading.
  • #3,787
  • Jan 25, 2007 12:49am Jan 25, 2007 12:49am
Quoting monarch

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.
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?
  • #3,788
  • Jan 25, 2007 12:56am Jan 25, 2007 12:56am
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
  • #3,789
  • Jan 25, 2007 12:59am Jan 25, 2007 12:59am
Quoting positivepips
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
I just press F5 when I want it to be refreshed.

You can also set your computer to refresh, but that is annoying.
  • #3,790
  • Jan 25, 2007 1:02am Jan 25, 2007 1:02am
Thanks, somehow thought it would come thru automaticly when people post
  • #3,791
  • Jan 25, 2007 1:02am Jan 25, 2007 1:02am
Quoting bodge
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?
No that would be time consuming, thanks for the offer, and for understanding.
  • #3,792
  • Jan 25, 2007 1:02am Jan 25, 2007 1:02am
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?
  • #3,793
  • Jan 25, 2007 1:03am Jan 25, 2007 1:03am
I've noticed, Germany has a news release this morning, 3am(EST). I'm sure that will have an effect on the GBP as well? Will have to wait and see I guess.
  • #3,794
  • Jan 25, 2007 1:04am Jan 25, 2007 1:04am
Quoting positivepips
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
No bull here, promise!
See at the top of this page there's a button "Thread Tools"? Click that and then click Subscribe to thread. Once that loads, make sure you set it to "Instant notification by email". This way you will get an email update as soon as a new post is submitted. All you have to do is click the link in your email and it should take you to it.
  • #3,795
  • Jan 25, 2007 1:07am Jan 25, 2007 1:07am
Quoting positivepips
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
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.
  • #3,796
  • Jan 25, 2007 1:10am Jan 25, 2007 1:10am
Quoting mohsen57
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?
the pound yen yesterday would drop 100 pips pound/dollar would follow with a 40 pip movement
  • #3,797
  • Jan 25, 2007 1:10am Jan 25, 2007 1:10am
Quoting rdrainey
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.
That's different rdrainey. When you subscribe to threads the default here on FF is "Daily updates by email". Maybe that's why you are not getting the email updates pronto?
You posted at 4:07PM my time and the email was sent from FF to me at 4:07PM. I think the instant notification setting will help you.
  • #3,798
  • Jan 25, 2007 1:11am Jan 25, 2007 1:11am
Well, that is all folks, my quota was met for the day, 6 minutes of trading and Goal #1 is met.

No Goal #2 tonight, very happy with the outcome and income, not willing to risk my profits.

Everyone trade wisely, and be profitable.

Good night.
  • #3,799
  • Jan 25, 2007 1:11am Jan 25, 2007 1:11am
And yet one last method - cntrl+F5+Insert will refresh automatically evertime a new post is logged.
Man who scratches ass should not bite fingernails
  • #3,800
  • Jan 25, 2007 1:12am Jan 25, 2007 1:12am
I intentionally turned off the email alerts. It was filling up my inbox. I prefer to just refresh the subscriptions page.

But thank you for the alternate idea.
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