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Cable journal

  • #1
  • First Post: Edited Dec 19, 2008 4:56pm May 8, 2008 12:30am | Edited Dec 19, 2008 4:56pm
CAVEAT :
This is my Forex journal for my own personal trading views.
This journal is not meant as trading advice in anyway.
Forex trading is risky and should be approached accordingly.
-----------------------------------------------------------------------------
Cable
Today, I am lookind to Sell 1.9540/1.9560
or a break of 1.9500.

Target 1.9350
  • #2
  • May 8, 2008 1:18am May 8, 2008 1:18am
Yesterday, Cable has broken major uptrend from April 2006.
  • #3
  • May 9, 2008 2:08am May 9, 2008 2:08am
Sold 1.9560 today.
  • #4
  • May 9, 2008 2:45am May 9, 2008 2:45am
Bouncing off 1.9500.
Cut position 1.9520 +30 pips.
Will resell higher or break of 1.9490
  • #5
  • Edited May 13, 2008 12:29am May 12, 2008 8:17pm | Edited May 13, 2008 12:29am
Bought 1.9527 "abc' retracement of yesterday rise.
Low at 1.9440 looks like the bottom of an important Elliott wave structure.
(short of the B wave target at 1.9400/1.9350)
My trading plan for the next week or two.
Target 1 is 2.00/2.01
But beware of trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: 080513 - Trading Plan - EWA Bullish Alternative.jpg Size: 57 KB
  • #6
  • May 13, 2008 1:44am May 13, 2008 1:44am
the break down of 1.9515 means its not an "abc", but a 5 waves down from 1.9632 - therefore sell rallies for a new low below 1.9440 !!!
previous target low not reached is 1.9400.
  • #7
  • May 13, 2008 3:54am May 13, 2008 3:54am
Sold 1.9575
Stop moved to 1.9550
Target 1.9400
  • #8
  • May 13, 2008 4:15am May 13, 2008 4:15am
Quoting fxdoc
the break down of 1.9515 means its not an "abc", but a 5 waves down from 1.9632 - therefore sell rallies for a new low below 1.9440 !!!
previous target low not reached is 1.9400.
Cable did 5 quick waves down to Pivot S1 support.
Taken profit 103 pips
Will resell abc retracement 1.9510/1.9525 if seen.
  • #9
  • May 14, 2008 2:32am May 14, 2008 2:32am
Quoting fxdoc
the break down of 1.9515 means its not an "abc", but a 5 waves down from 1.9632 - therefore sell rallies for a new low below 1.9440 !!!
previous target low not reached is 1.9400.
I anticipate another wave down to 1.9360/1.9335 before UP.
  • #10
  • May 14, 2008 2:49pm May 14, 2008 2:49pm
Quoting fxdoc
I anticipate another wave down to 1.9360/1.9335 before UP.
We are on our way to 2.00 hopefully..........
I am long from 1.9382 pivot S1 support and lots of fibs.
  • #11
  • May 15, 2008 5:51am May 15, 2008 5:51am
Reversed long at 1.9480 to short.
Move from last night low looks too much like an ABC
If this is the case we should see a new low for cable.
  • #12
  • May 15, 2008 11:34pm May 15, 2008 11:34pm
Sold at 1.9480 for 1.9410 again today.
  • #13
  • May 16, 2008 1:45am May 16, 2008 1:45am
Today, I anticipate Cable to go back UP from a sling down to 1.9420/1.9400 area.
Perhaps to R1 = 1.9515
or close to R2 = 1.9557
  • #14
  • May 16, 2008 2:33pm May 16, 2008 2:33pm
Quoting fxdoc
Today, I anticipate Cable to go back UP from a sling down to 1.9420/1.9400 area.
Perhaps to R1 = 1.9515
or close to R2 = 1.9557
Hehehe
Smash on the 50% retrace line before the news and UP !!!
Went straight to daily R3 (1.9599)
and my 12 hours pivot R3 (1,9593)
  • #15
  • May 16, 2008 4:20pm May 16, 2008 4:20pm
On its way to 2.01 / 2.04
Decent ranges coming up hopefully.
  • #16
  • Edited 2:46am May 22, 2008 1:40am | Edited 2:46am
Wave wise from the low at 1.9360, the two steps rise looks like an ABC or a 1,2 - 1,2 .....
Due for a retracement anytime now.....
1.9600/19550 ???

But I could be wwwrrrrong !
  • #17
  • May 22, 2008 1:49am May 22, 2008 1:49am
Quoting fxdoc
Wave wise from the low at 1.9360, the two steps rise looks like an ABC or a 1,2 - 1,2 .....
Due for a retracement anytime now.....
1.9600/10550 ???

But I could be wwwrrrrong !
what are you talking about
If I Go Broke Trying Then I Will die happy.
  • #18
  • Edited 5:21am May 22, 2008 3:58am | Edited 5:21am
ok
Top for the day may be in at R1 = 1.9772 ???
good place to short ?
  • #19
  • May 22, 2008 4:51am May 22, 2008 4:51am
weekly R2 = 1.9788
or daily R2 = 1.9810 ???
  • #20
  • May 22, 2008 5:23am May 22, 2008 5:23am
I will short when/if it breaks 1.9750
(my 12 HRLY--10am/10pm GMT -- Pivot point).
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