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Daily Cable Analysis

  • #4,981
  • Edited 10:02am Jan 31, 2007 9:40am | Edited 10:02am
Quoting henrycarol
I closed my long at 1.9555

good enough for 60 pips.

So no more trades for now....will watch what happens for the rest of the week.

If there is good trades to get in, will get in.......but wanna take a rest since I shorted from the highs and long from the lows.....

That's awesome.

I opened 3 lots around the 9492 area TP at 9518, 9536 and 9550, all Executed for 129 pip profit.

This might sound Excellent but it was using Basic Fibo Charting and trendline break, i wasn't able to predict the turning point of the trend, which is what i wish i could!!!!

What Technical indicators do you use alongside each other to determine this?

Volume is one the the key points i guess, aswell as factoring in fundimentals.

This wasn't meant to be a hijack thread post so if anyone feels like giving me some advice then just drop me a PM if possible.

Theres some awesome anaylisis in this thread!!!
  • #4,982
  • Jan 31, 2007 9:45am Jan 31, 2007 9:45am
Quoting mtrmth
leugi, what makes you think we will hit those numbers?? is that the retrace from the drop down today??? or was it just the completion of the downward leg to take out all the short stops and now the trend to the magic 2 we tried to get before??
The stop is just a key RSI level that would make me reconsider the prospect for a further move up while the tl I am aiming for seems to be a well balanced spot for price to hover around until we have the 2PM news come out. I dont think any one has really jumped on the long side bandwagon with this news(hit 9577 before 500 ticks up - never mind I am out) but are waiting to make up minds so now would be a good time to range between 9550 and whatever high we establish - I will be a seller at 9608 for same reason
Man who scratches ass should not bite fingernails
  • #4,983
  • Jan 31, 2007 9:50am Jan 31, 2007 9:50am
Quoting Kwackers
That's awesome.

I opened 3 lots around the 9492 area TP at 9518, 9536 and 9550, all Executed for 129 pip profit.

This might sound Excellent but it was using Basic Fibo Charting and trendline break, i wasn't able to predict the turning point of the trend, which is what i wish i could!!!!

What Technical indicators do you use alongside each other to determine this?

Volume is one the the key points i guess, aswell as factoring in fundimentals.

This wasn't meant to be a hijack thread post so if anyone feels like giving me some advice then just drop me a PM if possible.

Theres some awesome anaylisis in this thread!!!
Thanks mate, I dont think I am that good, if not I wouldnt have closed my g/u long at 1.9555 and now it is at 1.9590!!! LOL

Well.....this thread really helps. We all share all our analyses surely will be okay.

My friend said yesterday already, go long on g/u @ 1.9510 hehe fibo 61.8%

Cheers
  • #4,984
  • Jan 31, 2007 9:52am Jan 31, 2007 9:52am
Let's see what happens at this 9586 S1. Certainly pushed right through. I'm still quite the bull today. Banked 50 pips on that quick move and will step aside for a bit. Judging by candles alone, this could be the beginning of the resumption of the bull move IMO.
There's always money in the banana stand.
  • #4,985
  • Jan 31, 2007 9:53am Jan 31, 2007 9:53am
This week had a High at 1.9695 and the Low was 1.9480

The middle is exactly at 1.9587 - who would have ever guessed we would end up in the middle of the range, and right back where we started the Month - 1.9580..

Now we watch the Close of the Monthly, and see where they are headed for the Month of February.
  • #4,986
  • Jan 31, 2007 9:58am Jan 31, 2007 9:58am
In all honesty, I wouldn't take anything during the day to mean anything long term, unless of course Bernanke just came out and said would start tightenring again, but we are at a critical juncture in the long term charts, and after the dust settles we will be able to come up with a pretty good idea as to where this monster is headed next.

Just an opinion
Man who scratches ass should not bite fingernails
  • #4,987
  • Jan 31, 2007 9:59am Jan 31, 2007 9:59am
Quoting Leugimp
doesn't matter - .382 becomes .618 and vice versa - .5 stays in same spot - and .764 and .236reverse, but if you just looking at the lines, who cares.
If it doesn't matter then draw lines anywhere. Fibs are not magic but some ratio's are more important than others. And it would be nice to know if someone is refering to a 38.2% or 61.8% and both are talking about the same point on the chart. No?
  • #4,988
  • Jan 31, 2007 10:00am Jan 31, 2007 10:00am
If this high holds we should stay within a 47-59 pip range until after news time.
Man who scratches ass should not bite fingernails
  • #4,989
  • Jan 31, 2007 10:01am Jan 31, 2007 10:01am
I've enjoyed your postings and knowledgeable analysis!
It is helping my understanding tremedously also adding to me pip stockpile this morning.
Thanks!

Special thanks to Monarch also for not leaving even though some are posting extra nonsense on his thread!
  • #4,990
  • Jan 31, 2007 10:02am Jan 31, 2007 10:02am
Quoting Leugimp
If this high holds we should stay within a 47-59 pip range until after news time.

Meaning I will become a buyer below 9550 if we get there in the immediate future.

If not will still be seller at 9606(previously 9608)
Man who scratches ass should not bite fingernails
  • #4,991
  • Jan 31, 2007 10:05am Jan 31, 2007 10:05am
Quoting monarch
This week had a High at 1.9695 and the Low was 1.9480

The middle is exactly at 1.9587 - who would have ever guessed we would end up in the middle of the range, and right back where we started the Month - 1.9580..

Now we watch the Close of the Monthly, and see where they are headed for the Month of February.
January open was 1.9649 !!!
  • #4,992
  • Jan 31, 2007 10:06am Jan 31, 2007 10:06am
Quoting SunTrader
If it doesn't matter then draw lines anywhere. Fibs are not magic but some ratio's are more important than others. And it would be nice to know if someone is refering to a 38.2% or 61.8% and both are talking about the same point on the chart. No?
I think by looking at it you would know which is the 38.2 etc, etc - but yes you are right - certain fibs may be more important, but for him, its how he likes to view it so who are we to say that. Maybee instead of seeing it as the 38.2 retracement, he likes to see it as 68.2% of the move up. Same thing.
Man who scratches ass should not bite fingernails
  • #4,993
  • Jan 31, 2007 10:09am Jan 31, 2007 10:09am
Are we seeing 9900 today?
  • #4,994
  • Jan 31, 2007 10:10am Jan 31, 2007 10:10am
u still like a short it is now at 1.9625
  • #4,995
  • Jan 31, 2007 10:10am Jan 31, 2007 10:10am
where is this thing going?????
  • #4,996
  • Edited 10:40am Jan 31, 2007 10:10am | Edited 10:40am
LOOK FOR FRIDAY PAYROLL TO GO UP WITH A BIG BANG. Predictions in the past have a very good record...Jan was a perfectly hit payday. Go long from the get-go Fri cable . Will, reveal method as time permits...its not simple. But, there has been 10 perfect hits out of the past 12. And I know where the mistakes were made of the two. Am going for 12 of 12 now with one in the basket already. Will keep in touch. I usually stay in post all day and do not have a pip total but it will be worthwhile...I stay in till I get what I want...or the mkt turns from what I may want...go by ear for number of pips. (How do you post a new start message here. I do not see how to do it?)
  • #4,997
  • Jan 31, 2007 10:12am Jan 31, 2007 10:12am
Quoting PipJunkie
u still like a short it is now at 1.9625
WOW, nice move there, will not add to this short - keep it nice and small, stop loss @ 9660
Man who scratches ass should not bite fingernails
  • #4,998
  • Jan 31, 2007 10:12am Jan 31, 2007 10:12am
Haih......if I knew g/u would go up so much and over 1.9620 ......crazy g/u today
  • #4,999
  • Jan 31, 2007 10:12am Jan 31, 2007 10:12am
Quoting PipJunkie
u still like a short it is now at 1.9625
Top of the channel from 9915 now... If if breaks, it is a yahoooooooooo
  • #5,000
  • Jan 31, 2007 10:14am Jan 31, 2007 10:14am
Quoting Leugimp
WOW, nice move there, will not add to this short - keep it nice and small, stop loss @ 9660
Still like it though yes I do, if it can hold out until the meeting it should be in good shape.
Man who scratches ass should not bite fingernails
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