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Daily Cable Analysis

  • #4,621
  • Jan 30, 2007 2:43am Jan 30, 2007 2:43am
Hey guys,
My first post......been following this for a while now......just never posted....haha...'

Anywayz, back to business....

My 4hr chart is giving a short signal on the cable and the EUR/USD.......what do you guys think?

Bad idea to short GBP/USD right now?.....cause the 4hr trend is bullish.......so confusing.....argh!!!
  • #4,622
  • Jan 30, 2007 2:43am Jan 30, 2007 2:43am
dont be too greedy, 1.9500 wasnt really tested,...its logical,...if we wont to test it, and to test it, that means that it needs to get below that number, it should retrace to 666-720 & get enough full to the downside,...the same from the oposite view, if we wona see 2.0, we should dive below 1.9500,...its just opinion....hope some agree?
its just money
  • #4,623
  • Jan 30, 2007 2:45am Jan 30, 2007 2:45am
I believe the rule is if you are not in the trade already to stand aside and not try to pick a top.

Thats the advice I am following.

  • #4,624
  • Jan 30, 2007 2:48am Jan 30, 2007 2:48am
Quoting de123
dont be too greedy, 1.9500 wasnt really tested,...its logical,...if we wont to test it, and to test it, that means that it needs to get below that number, it should retrace to 666-720 & get enough full to the downside,...the same from the oposite view, if we wona see 2.0, we should dive below 1.9500,...its just opinion....hope some agree?
Oh man.. Last time we saw this madness, we kissed Mr 9900. I'll wait to see what other majors are going to do.

If EURUSD is to go down and USDJPY is to force on the 122.0, that will reflect on bringing Cable down - because it will be about trading USD.
  • #4,625
  • Jan 30, 2007 2:53am Jan 30, 2007 2:53am
does someone play the pool?...its a retorical question,...so its not just dont try to catch the top or bottom,...but what to do if we go there, and if thats not broken, till where it can go, and when it reaches the level of accumulating resistance, and if not broken, where its headed next and if the support doesnt hold, which is next support, and if that holds, where do we go next,...and we will suddenly realize that we came above 1.9720 ...and it holds...
its just money
  • #4,626
  • Jan 30, 2007 3:02am Jan 30, 2007 3:02am
Doji spotted on 1h chart.................
  • #4,627
  • Jan 30, 2007 3:04am Jan 30, 2007 3:04am
Quoting henrycarol
Doji spotted on 1h chart.................
it'll go down?
Be a sniper not a jumper
  • #4,628
  • Jan 30, 2007 3:16am Jan 30, 2007 3:16am
Quoting sierra
it'll go down?
I'm waiting. The 5M is turning to the upside again, maybe for a new test on 9695. If fails 9670 then it may go down.
  • #4,629
  • Jan 30, 2007 3:20am Jan 30, 2007 3:20am
seems like it's hard to pass 9670, will it go down after this? or probably after the news? hrmm..
Be a sniper not a jumper
  • #4,630
  • Jan 30, 2007 3:26am Jan 30, 2007 3:26am
thing looks weak on all my charts after a good bounce...
  • #4,631
  • Jan 30, 2007 3:26am Jan 30, 2007 3:26am
Quoting sierra
seems like it's hard to pass 9670, will it go down after this? or probably after the news? hrmm..
Looks like down now...
  • #4,632
  • Jan 30, 2007 3:33am Jan 30, 2007 3:33am
Quoting cesarnc
Looks like down now...
If anyone already has short, can tighten s/l now and see further action whether impulsive wave 3 down has just started or not.
Tra-X
  • #4,633
  • Jan 30, 2007 3:43am Jan 30, 2007 3:43am
Quoting Leugimp
My shorting level will be at 9700. I think we may get there today. if we could close on 1600 tick above 9620(700 ticks to go) I think high 9600s low 9700s will be in the cards today for the pound.
We have reached our high level for the day, although we may bounce up again, a close below 9640 on 1600 tick should close the doors to further movement to the upside
Man who scratches ass should not bite fingernails
  • #4,634
  • Jan 30, 2007 3:44am Jan 30, 2007 3:44am
9630-40 is where it started to move up. Guess we heading back on track. Now it is about what is USD trend for today....

Makes sense?
  • #4,635
  • Jan 30, 2007 3:46am Jan 30, 2007 3:46am
Quoting Leugimp
We have reached our high level for the day, although we may bounce up again, a close below 9640 on 1600 tick should close the doors to further movement to the upside
Once this move confirmed, we can expect a move down to 9537 in the minimum, on the back of this negative reversal.
Man who scratches ass should not bite fingernails
  • #4,636
  • Jan 30, 2007 3:48am Jan 30, 2007 3:48am
Was this London's strategy to push GBP higher and push back down lower?

Heard of LOSS?

London Opening Session Strategy

According to my friend, samuel84
  • #4,637
  • Jan 30, 2007 3:49am Jan 30, 2007 3:49am
Quoting Leugimp
Once this move confirmed, we can expect a move down to 9537 in the minimum, on the back of this negative reversal.
Hey Leu... I read the post you PMed me thanks... I had already read it in this thread yesterday. Looks interesting.

This 1600 you mentioned. How long will it take... Just to figure which time-based chart it may correspond to.
  • #4,638
  • Jan 30, 2007 3:50am Jan 30, 2007 3:50am
just waiting for the news effect if any...hope it goes south after this..
Be a sniper not a jumper
  • #4,639
  • Edited 4:22am Jan 30, 2007 3:51am | Edited 4:22am
Quoting Leugimp
Once this move confirmed, we can expect a move down to 9537 in the minimum, on the back of this negative reversal.

here is the pic

(edited, wrong TL orginally, sorry
Attached Image
Man who scratches ass should not bite fingernails
  • #4,640
  • Jan 30, 2007 3:56am Jan 30, 2007 3:56am
Quoting cesarnc
Hey Leu... I read the post you PMed me thanks... I had already read it in this thread yesterday. Looks interesting.

This 1600 you mentioned. How long will it take... Just to figure which time-based chart it may correspond to.
as of right now we have about 600 ticks left - on avg there are 6-8 bars per day making it around 3 - 4 hours per bar, however during london and us session 1.5 to 2 hours is not uncommon. 2nd bar today was from 2:16 - 3:43AM so you can see that this really slows down during asian session but keeps my charts feeling a bit more symetrical according to volume as opposed to time.
Man who scratches ass should not bite fingernails
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