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Daily Cable Analysis

  • #5,181
  • Feb 1, 2007 7:04am Feb 1, 2007 7:04am
Quoting Leugimp
I hope you have multiple lots on with multiple TPS with an initial risk/reward that far out of whack
i usually adjust my stops and TP's on the fly, will post them in journal or here if remember.
thank you for the thought i considered it, but i have no intention really of holding it by tomorrow this time
  • #5,182
  • Feb 1, 2007 7:05am Feb 1, 2007 7:05am
Looking at 15 min charts I have a short from 77 with a TP of 9650 being the 50% fib of the move from 07.30 today to high at 12pm UK. I believe that if the 1.30 news comes in as expected we wont see a great deal of change and must wait for the 3.00pm announcement.

I am also running a grid which suggests that if we dont break and hold 9680ish we must go down... closed my short at 60 and banked. now waiting for another entry.
  • #5,183
  • Feb 1, 2007 7:07am Feb 1, 2007 7:07am
Wanted

Alive is a must. Search for cyber-coffees in the vicinity if you get him. Thanks..

http://www.forexfactory.com/showpost...9&postcount=33
  • #5,184
  • Feb 1, 2007 7:11am Feb 1, 2007 7:11am
Quoting cesarnc
Wanted

Alive is a must. Search for cyber-coffees in the vicinity if you get him. Thanks..

http://www.forexfactory.com/showpost...9&postcount=33

haha
  • #5,185
  • Feb 1, 2007 7:12am Feb 1, 2007 7:12am
Quoting cesarnc
Wanted

Alive is a must. Search for cyber-coffees in the vicinity if you get him. Thanks..

http://www.forexfactory.com/showpost...9&postcount=33
What a great taste in shirts !!! respect Henry, from a lifelong Red Devil. I qam educating my son in the same and his bedroom is ManU evrywhere, duvet, curtains, lamps, the lot !
  • #5,186
  • Feb 1, 2007 7:41am Feb 1, 2007 7:41am
Mixed results for non-movers.... we'll need more than that to cut through 9696-9700 resistance - (50% fibo 9913-9480)
  • #5,187
  • Feb 1, 2007 7:41am Feb 1, 2007 7:41am
This is the second time in three days that we have traced up to 9700 and fell less than ten pips short to hit it. There must be a whole lot of orders built up behind that number.......
Man who scratches ass should not bite fingernails
  • #5,188
  • Feb 1, 2007 7:44am Feb 1, 2007 7:44am
Quoting Leugimp
This is the second time in three days that we have traced up to 9700 and fell less than ten pips short to hit it. There must be a whole lot of orders built up behind that number.......
Market may be too deep for the time being, perhaps a retrace down to 9624 to help build up some steam?
Man who scratches ass should not bite fingernails
  • #5,189
  • Feb 1, 2007 7:45am Feb 1, 2007 7:45am
Quoting Leugimp
This is the second time in three days that we have traced up to 9700 and fell less than ten pips short to hit it. There must be a whole lot of orders built up behind that number.......
Yeah... now i don't know if I short the failure or buy dip to the next assault...

In doubt I'm out.
  • #5,190
  • Feb 1, 2007 7:50am Feb 1, 2007 7:50am
ISM will say it's word soon
  • #5,191
  • Feb 1, 2007 7:51am Feb 1, 2007 7:51am
Quoting cesarnc
Yeah... now i don't know if I short the failure or buy dip to the next assault...

In doubt I'm out.

better wait and see what happend after NY open ....
  • #5,192
  • Feb 1, 2007 7:57am Feb 1, 2007 7:57am
Quoting viking
better wait and see what happend after NY open ....
Agree... But it is interesting to see the market fighting an important resistance that close to the news...

This kind of thing makes me think: "What do they know that I don't"

Like when you see everybody in a rush in the airport
  • #5,193
  • Feb 1, 2007 8:05am Feb 1, 2007 8:05am
Quoting viking
better wait and see what happend after NY open ....
New york opened an hour ago at 8 est
  • #5,194
  • Feb 1, 2007 8:07am Feb 1, 2007 8:07am
The current levels are right where it failed a couple of days ago and then dropped like a stone.
  • #5,195
  • Feb 1, 2007 8:08am Feb 1, 2007 8:08am
Fed favorite inflation gauge - the Core-PCE Deflator was 0.1% or 2.2% on year over year basis. Nothing to get excited about.
  • #5,196
  • Feb 1, 2007 8:09am Feb 1, 2007 8:09am
Quoting musicman007
The current levels are right where it failed a couple of days ago and then dropped like a stone.
Stone soup PLease!
  • #5,197
  • Feb 1, 2007 8:12am Feb 1, 2007 8:12am
Quoting cesarnc
Agree... But it is interesting to see the market fighting an important resistance that close to the news...

This kind of thing makes me think: "What do they know that I don't"

Like when you see everybody in a rush in the airport
I think there may be a ton of stop entry orders up there if so, i would expect a breakout before news and a deep pullback to get them out followed by a further surge up. Either way, buying a retracement after a move through this level sounds like a good idea to me, now it is just waiting to see the extent of the breakout to help determine a good buying level.
Man who scratches ass should not bite fingernails
  • #5,198
  • Feb 1, 2007 8:15am Feb 1, 2007 8:15am
Also, if we have spike down on news, may be a good time to fade prior to breakout of 9700 if at the right price. I have my buy order for the moment resting at 9628 but may move it to 9632 if current levels persist and tick volume surges.
Man who scratches ass should not bite fingernails
  • #5,199
  • Feb 1, 2007 8:16am Feb 1, 2007 8:16am
Quoting Leugimp
Also, if we have spike down on news, may be a good time to fade prior to breakout of 9700 if at the right price. I have my buy order for the moment resting at 9628 but may move it to 9632 if current levels persist and tick volume surges.

If buy order is hit here will set pt1 @ 100 pips with sl of 50
Man who scratches ass should not bite fingernails
  • #5,200
  • Feb 1, 2007 8:21am Feb 1, 2007 8:21am
would that be considered a breakout
Man who scratches ass should not bite fingernails
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