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Daily Cable Analysis

  • #4,541
  • Jan 29, 2007 11:33am Jan 29, 2007 11:33am
Quoting de123
three dead soldiers on the left
And 1 Wounded In Action here for the count, thank you.
  • #4,542
  • Jan 29, 2007 11:40am Jan 29, 2007 11:40am
Quoting cesarnc
And 1 Wounded In Action here for the count, thank you.
at least your in shorts, here in seattle it is currently 34 dgrees brrrr... let the sun shine on the cesar
It will come back
  • #4,543
  • Jan 29, 2007 11:43am Jan 29, 2007 11:43am
Quoting positivepips
at least your in short, here in seattle it is currently 34 dgrees brrrr... let the sun shine on the cesar
It will come back
34 is not bad

We're nearly 34º CELSIUS here
  • #4,544
  • Jan 29, 2007 11:46am Jan 29, 2007 11:46am
Quoting cesarnc
34 is not bad

We're nearly 34º CELSIUS here
ahhh yes all in the way you look at it... isnt it, up, down, shot, long, bears and bulls even some short bulls?
  • #4,545
  • Jan 29, 2007 11:57am Jan 29, 2007 11:57am
Havent posted in a while on here but.... There could possibly be a rise from here. On the 5 min chart 50ema is about to cross up to the 200ema. Macd is up above 0 on 5,10,15 and soon 30 min chart. We are also above the 50% fibo of 9261 to 9914. A rise to 9693 could be in the works here.

Also on the 4hour Rsi & stoch are up in buying zone Now waiting on macd on 4 hr to confirm move. Im in long.
trading on demo is not trading
  • #4,546
  • Jan 29, 2007 12:05pm Jan 29, 2007 12:05pm
Im still in with the bears here with a short still, as we saw earlier a test of 9550 didnt really come off with a substantial bounce from there immidiately but only later on it happen.

Judging from this, it can be said that not much buying presure was there at tht moment.In a longer term,we already broke the 50% retracement from the tops on friday, and today we headed lower down to a low of 1.9549.Now it is in consolidation mode after all the major markets are closed except for US, so this current move cant be really said much off.

So my target next would be a test of the 61.8% retracement tht is at 1.9511 which i presume will reach in the course of this week.

So who is with me with the bears side?
  • #4,547
  • Jan 29, 2007 12:06pm Jan 29, 2007 12:06pm
we failed to break 1.9544 leaves us vulnerable to the topside we seem to be in a range 1.9550 to 1.9650
  • #4,548
  • Edited Feb 1, 2007 1:07pm Jan 29, 2007 12:13pm | Edited Feb 1, 2007 1:07pm
I think that GBP/USD go to 2,00 in a few days.., but can test 1,9525 , what do you think?

Kind regards,
Marcelo Marques
_______________________________________
  • #4,549
  • Jan 29, 2007 12:13pm Jan 29, 2007 12:13pm
Well, last three posts are my indicators for "stay out for the day"...

Correcting: 4 posts
  • #4,550
  • Edited Feb 6, 2007 2:09pm Jan 29, 2007 12:15pm | Edited Feb 6, 2007 2:09pm
but its really boring,...we should be long, thats true,...but i dont got the time to be here realy,... buy stop 1.9615, and short 1.9580 & 1.9666 would do perfect ...hope u agree ...
its just money
  • #4,551
  • Jan 29, 2007 12:18pm Jan 29, 2007 12:18pm
This spike up was reported as "USD basket selling by German bank"...
  • #4,552
  • Jan 29, 2007 12:18pm Jan 29, 2007 12:18pm
de123but its really boring,...we should be long, thats true,...but i dont got the time to be here realy,... buy stop 1.9615, and short 1.9580 & 1.9666 would do perfect ...hope u agree ...


I agree... Im looking at 9669 which is my Central pivot point.
trading on demo is not trading
  • #4,553
  • Jan 29, 2007 12:19pm Jan 29, 2007 12:19pm
Quoting 59fender
we failed to break 1.9544 leaves us vulnerable to the topside we seem to be in a range 1.9550 to 1.9650
Yes, did test and not break 19544 but ...topside seems weak
I dont want to expose or be vunerable on my topside or bottomside so as bearish as I maybe I'm waiting for clear signs... cash is a position
  • #4,554
  • Jan 29, 2007 12:20pm Jan 29, 2007 12:20pm
Quoting de123
but its really boring,...we should be long, thats true,...but i dont got the time to be here realy,... buy stop 1.9615, and short 1.9580 & 1.9666 would do perfect ...hope u agree ...
agree
  • #4,555
  • Jan 29, 2007 12:21pm Jan 29, 2007 12:21pm
do we have a pin on the hourly?
  • #4,556
  • Edited 12:38pm Jan 29, 2007 12:25pm | Edited 12:38pm
Cable still has time for retracement till tomorrow or Wed imo, and then it'll continue its impulsive downtrend as wave 3, usually longer and more powerful than wave 1. Will see what happens.

Edit: And remember this week we'll have FOMC meeting, ISM manufacturing, and NFP.
Tra-X
  • #4,557
  • Jan 29, 2007 12:33pm Jan 29, 2007 12:33pm
I think we are in an ABC Correction after wave 5. Elliot waves are difficult because so many people have there own perspective about it.

9510 is possible but I think that will come later on in the week. 9547 seems like the low for today. Now she is finding her high. Just an observation.

Well good luck everyone and we will see where she wants to go.


Maybe we might see a very low cable soon....
trading on demo is not trading
  • #4,558
  • Jan 29, 2007 12:39pm Jan 29, 2007 12:39pm
Quoting samuel84
Im still in with the bears here with a short still, as we saw earlier a test of 9550 didnt really come off with a substantial bounce from there immidiately but only later on it happen.

Judging from this, it can be said that not much buying presure was there at tht moment.In a longer term,we already broke the 50% retracement from the tops on friday, and today we headed lower down to a low of 1.9549.Now it is in consolidation mode after all the major markets are closed except for US, so this current move cant be really said much off.

So my target next would be a test of the 61.8% retracement tht is at 1.9511 which i presume will reach in the course of this week.

So who is with me with the bears side?
yes, I'm still in short position and hoping that the bear power will persist until 61 fibo being tested...even my patience is been challenged now, but somehow I still feel it'll go down before heading north, furthermore with usd +ve news this week will boost south gu to down under...
Be a sniper not a jumper
  • #4,559
  • Jan 29, 2007 12:47pm Jan 29, 2007 12:47pm
GBPUSD heading south.

http://img15.imgspot.com/u/07/28/14/...1170099875.jpg
"Even a 100 pip profit begins with the first pip."
  • #4,560
  • Jan 29, 2007 12:51pm Jan 29, 2007 12:51pm
I would say that there has been more indication for a downward move in respect to the Frankfurt Low and the London High.

But in perspective to the median range, which is Low at 1.9566 and the High at 1.9613 we find the middle mark at 1.9592, which was the Closing price on Friday.

There seems to be little or no Bullish sign as of yet, therefore I took several Short Positions at 1.9606 which is a nice Resistance, and is holding price down for now.

I will have three targets.

Target Price #1 1.9564/66 (The Frankfurt Low)
Target Price #2 1.9545/47 (Low from Friday and Today)
Target Price #3 1.9535 (Projected test of lower range)
On the Target #3 - There is a second option at entering once price goes down to 1.9544 and bounces up to test 1.9564 (Frankfurt Low) - I will short at that mark and project a Target to 1.9510 area for exit on Target #3 phase #2
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