Daily Cable Analysis

you guys are funny man. lol. This dude is doing the opposite and making pips!

In 15-20 pips we're having a BEARISH daily candle, after almost 100 pips up move from today's low (00:00GMT)...

two farts riding a motorcycle down your small intestine

one says to the other "look out for the hole- pffffffffffft"

Forgot to mention the negative reversal on 1600 tick is already confirmed and would indicate a move to 9530's

LOL

Hope your clock isn't off by a minute or so, that may really throw you off

wishmann, what is the rest of your theory???

Oh really?

Thank's man. You really made my day

Now do your job... Get back on selling !

very short term move appears to be up to 9680's then short to 9580's before we continue our upward move to 9800's

How can u say it's confirmed?

So what now, according to your theory?

Well its been prety easy for me to gain some pips the past day. Another 45 pips banked while I was sleeping

Kind of changed up my way of trading.

Where do we think cable might go?

Well, We will hit 9605 in a lil bit. then I thihnk we might penetrate the 9588 again. The 4hr chart still shows room for going down. But the daily Stoch and rsi Looks like its ready for a rise.

Im hoping for a 1.9600 or under in the next hour. What do you guys think?

Good Consumer figure may be not a good mover, but it is likely to boost it down, no?

price is having a lot of resistance trying to pass the 200 ema at 9624. Once this has been breached look for 9605.

that red dot in the circle tells me so - LOL

its the recent pivot confirmation in RSI and price. The high of the candle did not touch or exceed any rsi level equaling the previous two as well as two consecutive lower highs in price. The overall direction has been down and so I take this as confirmation of the end of retracement.

This does not mean that this is the ideal place to enter as the negative reversal is only negated if trendline in rsi is broken which as of this bar would mean a close above 9711.

I was able to short this move @9695 the first time and have taken some partials so my existing position is good to go at no overall risk. However I would welcome the opportunity now that it is confirmed to sell into that trendline as the minimum price projection for this is 9530-9540.

Ideally if price can move up to 9672 it may be a good price to enter more shorts at the moment.

but to each his own - if one was to go with this pattern, it would be beneficial to use it more as guidance and to use your own setups that are confirmed in line with this at a price where your risk/reward is acceptable.

Sitting on the 24hour SMA line, but downtrending on the 2hour line.


Plan go Long on breaking 2hour SMA, or short on breaking down the 24hour.

the long is about to happen right b4 yours eyes shorts if your stops are tight you will get stopped out. 9680's is the next tp.

No movement despite positive news for the $