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Daily Cable Analysis

  • #4,441
  • Jan 29, 2007 1:29am Jan 29, 2007 1:29am
Quoting Traex
Euro is holding her little sister (cable) from a free fall so far imo. Don't know when it'll last tho...
yea. eur is a little bit strong now. hmm.......
  • #4,442
  • Jan 29, 2007 1:32am Jan 29, 2007 1:32am
should be good resis at 50 rsi 1600 tick - good place to short sl=50 tp1=100
rsi 50 currently@ 9658.

can also counter trend up to that level once we have close on 1600 tick over 9599 in next 100 ticks or 9588 in 1700 ticks.
Man who scratches ass should not bite fingernails
  • #4,443
  • Jan 29, 2007 1:43am Jan 29, 2007 1:43am
stil waiting 666...its a nice number...
its just money
  • #4,444
  • Jan 29, 2007 1:44am Jan 29, 2007 1:44am
Quoting Traex
Euro is holding her little sister (cable) from a free fall so far imo. Don't know when it'll last tho...
My friend , i think euro could do nothing for cable , if you look again you will find both up or down because of USD .... check CHF for sure
  • #4,445
  • Jan 29, 2007 1:48am Jan 29, 2007 1:48am
Looks like the cat dragged in everyone tonight, by looking at who's viewing. I'm short with impunity, but looking for other opinions, especially since GBP/JPY was going long until a few minutes ago. Any thoughts on it? I'm considering a long, not sure yet...
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,446
  • Jan 29, 2007 1:52am Jan 29, 2007 1:52am
Quoting dukeofdents
Looks like the cat dragged in everyone tonight, by looking at who's viewing. I'm short with impunity, but looking for other opinions, especially since GBP/JPY was going long until a few minutes ago. Any thoughts on it? I'm considering a long, not sure yet...
we got a big up candle now that is first long sign in 5 minutes. I will go long for a very small pull back around 75-78.
  • #4,447
  • Jan 29, 2007 1:52am Jan 29, 2007 1:52am
Quoting Leugimp
should be good resis at 50 rsi 1600 tick - good place to short sl=50 tp1=100
rsi 50 currently@ 9658.

can also counter trend up to that level once we have close on 1600 tick over 9599 in next 100 ticks or 9588 in 1700 ticks.
How can u say it can be counter trend up to that level?
  • #4,448
  • Jan 29, 2007 1:54am Jan 29, 2007 1:54am
Well in the short term there is a nice double bottom at 1.9564

It may go up from here.

Just a guess tho no math or facts to back it up.
  • #4,449
  • Jan 29, 2007 1:54am Jan 29, 2007 1:54am
BTW, the long I was talking about was on GBP/JPY, not Cable. I'm short as hell on Cable...

I'm looking for a long I can hold for at least 100 pips, not looking for 10 pips with a pullback.

Now the 4 hour is about to close as an inverted hammer, but this already broke the 4hr trendline long. I'm confused, as usual...
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,450
  • Jan 29, 2007 1:56am Jan 29, 2007 1:56am
High (1.9679) - Low (1.9557)

23.6 -> 1.9586

38.2 -> 1.9603

50.0 -> 1.9618


now important support will be 1.9557 and if it break cable will fall more and more

and resist will be 1.9603



any idea ?
  • #4,451
  • Jan 29, 2007 1:59am Jan 29, 2007 1:59am
Just shorted cable at 1.9589

Closed my long earlier at 1.9587 for 10 pips gain

Looking for a retest of 1.9555
  • #4,452
  • Jan 29, 2007 2:00am Jan 29, 2007 2:00am
I hope you're right because I've been short since 1.9735 and holding...
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,453
  • Jan 29, 2007 2:00am Jan 29, 2007 2:00am
Quoting viking
High (1.9679) - Low (1.9557)

23.6 -> 1.9586

38.2 -> 1.9603

50.0 -> 1.9618


now important support will be 1.9557 and if it break cable will fall more and more

and resist will be 1.9603



any idea ?

good analysis.
  • #4,454
  • Jan 29, 2007 2:20am Jan 29, 2007 2:20am
Quoting dukeofdents
BTW, the long I was talking about was on GBP/JPY, not Cable. I'm short as hell on Cable...

I'm looking for a long I can hold for at least 100 pips, not looking for 10 pips with a pullback.

Now the 4 hour is about to close as an inverted hammer, but this already broke the 4hr trendline long. I'm confused, as usual...
although I would golong cautiously, I believe 9650 at least is in the cards for us today. I am flirting with idea of shorting at this level but will need confirmation. In then meantime if I get a close at 9600 on 1600 tick chart, which somewhat mimicks 4 hr chart on average - actually more like 3 hr, i will look to long up to 9650 before reversing.

The danger in my opinion for shorts right now is that we have bounced twice off of the upper longer term trendline of the channel that we broke out of on 11/28/06 and again on 1/12/07 - located in that 9550-60 area.
Man who scratches ass should not bite fingernails
  • #4,455
  • Jan 29, 2007 2:28am Jan 29, 2007 2:28am
I'm short as hell on GBP/USD, by the way, dude. I'm looking to long GBP/JPY because it yields very high on the carry trade, which fell apart recently, which I made money on as well by shorting it. Now it looks like it might resume because the fact remains that the Japanese interest rate is 0.25% and UK is at 5.25% now.

I'm just waiting and plotting the next move, I'll be short on GBP/USD until further notice, and I may take a long on GBP/JPY depending on what happens in the next few hours.

You all might want to start forgetting about any chart with lower than a 1 hour time frame if you want to make money, and also pay attention to the news...
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,456
  • Jan 29, 2007 2:29am Jan 29, 2007 2:29am
Here is any easy play in the next 150 ticks to go at with medium to higher leverage, at least in my case. buy stop 9600(including spread already), pt 9614 sl 9584
Man who scratches ass should not bite fingernails
  • #4,457
  • Jan 29, 2007 2:32am Jan 29, 2007 2:32am
Good way to lose your ass over time, try macroeconomic analysis first and use technicals as entry and exit signals...
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,458
  • Jan 29, 2007 2:33am Jan 29, 2007 2:33am
Quoting Leugimp
Here is any easy play in the next 150 ticks to go at with medium to higher leverage, at least in my case. buy stop 9600(including spread already), pt 9614 sl 9584
order not triggered in time allotment, order canceled
Man who scratches ass should not bite fingernails
  • #4,459
  • Jan 29, 2007 2:34am Jan 29, 2007 2:34am
There is no highly significant news ahead of FOMC on Wednesday so I figure the current technical direction will continue until then, which is SHORT!
"The time to act is when others show signs of tire." --W.D. Gann
  • #4,460
  • Jan 29, 2007 2:36am Jan 29, 2007 2:36am
How's that methodology working out for you, Leugimp?
"The time to act is when others show signs of tire." --W.D. Gann
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