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Daily Cable Analysis

  • #5,221
  • Feb 1, 2007 7:18am Feb 1, 2007 7:18am
Quoting khaled22
did you mean sell at 9737.... what target!!!!?

yeah but i missed it -trade has gone away, thought would be a nice resistance level prior to news.
Man who scratches ass should not bite fingernails
  • #5,222
  • Feb 1, 2007 7:20am Feb 1, 2007 7:20am
Would be nice to see negative US news to have positive effect on USD rather than other way round
  • #5,223
  • Feb 1, 2007 7:22am Feb 1, 2007 7:22am
Quoting lexazver
Would be nice to see negative US news to have positive effect on USD rather than other way round

I agree, I'm a buyer @ 9632
Man who scratches ass should not bite fingernails
  • #5,224
  • Feb 1, 2007 7:23am Feb 1, 2007 7:23am
  •  Trader#0000
  • | Status: Unregistered Trader
also 9700-9710 looks like nice resistance. should go down sooner or later.
  • #5,225
  • Feb 1, 2007 7:28am Feb 1, 2007 7:28am
as i say yesterday, it moving up by 70 pip before news, and after news it move up 30 pip....
  • #5,226
  • Feb 1, 2007 7:30am Feb 1, 2007 7:30am
Quoting ForexDude2
also 9700-9710 looks like nice resistance. should go down sooner or later.
And the well known Mr 9722 that played hard as support and resistance for days.... That's why I put a TP at 9725.... 9722 as resistance, + 3 pips for gambling

I prefer scalping in the direction of the move than trying to catch the reversal. Price were so telling BULL 5 min prior to the news AND broke 9700. Too much indication and moved without hesitation... Maybe a leak?
  • #5,227
  • Feb 1, 2007 7:34am Feb 1, 2007 7:34am
Quoting cesarnc
And the well known Mr 9722 that played hard as support and resistance for days.... That's why I put a TP at 9725.... 9722 as resistance, + 3 pips for gambling

I prefer scalping in the direction of the move than trying to catch the reversal. Price were so telling BULL 5 min prior to the news AND broke 9700. Too much indication and moved without hesitation... Maybe a leak?
Good perseverance so far, Henry. Keep selling!
Tra-X
  • #5,228
  • Feb 1, 2007 7:43am Feb 1, 2007 7:43am
Quoting cesarnc
And the well known Mr 9722 that played hard as support and resistance for days.... That's why I put a TP at 9725.... 9722 as resistance, + 3 pips for gambling

I prefer scalping in the direction of the move than trying to catch the reversal. Price were so telling BULL 5 min prior to the news AND broke 9700. Too much indication and moved without hesitation... Maybe a leak?
Damn that Carol and his multiples of 11
Man who scratches ass should not bite fingernails
  • #5,229
  • Feb 1, 2007 7:44am Feb 1, 2007 7:44am
If this thing ever hits 1.9999, I am riding Carol's coattails all the way to hell!!
Man who scratches ass should not bite fingernails
  • #5,230
  • Feb 1, 2007 7:45am Feb 1, 2007 7:45am
Now yen under pressure across the board.... USDJPY was the only to retrace to US open levels so far...

If the carries fail, we may retrace to the 9660s again....
  • #5,231
  • Feb 1, 2007 7:48am Feb 1, 2007 7:48am
Quoting Leugimp
If this thing ever hits 1.9999, I am riding Carol's coattails all the way to hell!!
He will be selling even his dog at 9999 Forget about 2.0 with carol breathing
  • #5,232
  • Feb 1, 2007 7:48am Feb 1, 2007 7:48am
nice uptrend on 5 min
  • #5,233
  • Feb 1, 2007 7:55am Feb 1, 2007 7:55am
Anyway, time to get abit serious. Does anyone know anything about 1.9705-9715 for cable? Any important pivot or fibo or something else? Maybe it's for longer timeframe.Just curious.
Thanks in advance for answer.
Tra-X
  • #5,234
  • Feb 1, 2007 8:01am Feb 1, 2007 8:01am
Quoting Traex
Anyway, time to get abit serious. Does anyone know anything about 1.9705-9715 for cable? Any important pivot or fibo or something else? Maybe it's for longer timeframe.Just curious.
Thanks in advance for answer.
Traex,

This is the area of the 50% fibo from high 9913 to low 9481. There were reports saying stops would be found here. Next one is 61.8% at 9749, but I really don't know whether or not the market would place the price at that high level prior to NFP....
  • #5,235
  • Feb 1, 2007 8:02am Feb 1, 2007 8:02am
Just noticed that the ISM Manufacturing Prices number was changed on FF to 53 i think it was close to 47 right after news release, or am i wonrg?
  • #5,236
  • Feb 1, 2007 8:06am Feb 1, 2007 8:06am
We are still in this tremd corridor I mentioned earlier even after a minor adjustment and discounting the new blip. The current lows on the 15 min chart are still short of the line at present although a candle touched it 30 mins ago. I will keep you advised if I see a change.
  • #5,237
  • Feb 1, 2007 8:07am Feb 1, 2007 8:07am
just noticed that there is a lot of open ordrs to sell pound.

 

  1. Top-right quadrant: Buy orders at a price above the current price
  2. Bottom-right quadrant: Sell orders at a price above the current price
  3. Bottom-left quadrant: Sell orders at a price below the current price
  4. Top-left quadrant: Buy orders at a price below the current price

Attached Image
  • #5,238
  • Feb 1, 2007 8:09am Feb 1, 2007 8:09am
Quoting cesarnc
Traex,

This is the area of the 50% fibo from high 9913 to low 9481. There were reports saying stops would be found here. Next one is 61.8% at 9749, but I really don't know whether or not the market would place the price at that high level prior to NFP....
50% fibo 9913 to 9481 is 9697, so I dont think it's because of that. Plus this 9710 area was tested for many many hours last week, before cable went down to 9481. Must be something else, no?
Tra-X
  • #5,239
  • Feb 1, 2007 8:11am Feb 1, 2007 8:11am
Quoting lexazver
just noticed that there is a lot of open ordrs to sell pound.

 

  1. Top-right quadrant: Buy orders at a price above the current price
  2. Bottom-right quadrant: Sell orders at a price above the current price
  3. Bottom-left quadrant: Sell orders at a price below the current price
  4. Top-left quadrant: Buy orders at a price below the current price

Now thats a useful piece of info I havent seen displayed like that before. Thanks Lexaver !
  • #5,240
  • Feb 1, 2007 8:14am Feb 1, 2007 8:14am
Quoting lexazver
just noticed that there is a lot of open ordrs to sell pound.

 

  1. Top-right quadrant: Buy orders at a price above the current price
  2. Bottom-right quadrant: Sell orders at a price above the current price
  3. Bottom-left quadrant: Sell orders at a price below the current price
  4. Top-left quadrant: Buy orders at a price below the current price

I don't have that chart at my GFT system, do I? Liked that....

Traex, you're right... I just happened to receive this report stating stops in this area as the 50% fib... An area, not the price at the pip...

This is as good as it gets...
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