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Daily Cable Analysis

  • #5,481
  • Feb 5, 2007 4:22am Feb 5, 2007 4:22am
We're at a critical area here. So far impulsive wave 3 downwards has started to show itself, it might be a fake one tho lol (due to wrong wave count at longer timeframe). We'll see further.
Tra-X
  • #5,482
  • Feb 5, 2007 4:50am Feb 5, 2007 4:50am
I love when I get the right prediction, I am out, market already move for about 100 pips which will probably be the range for today...
I am just here to talk nonsense =D
  • #5,483
  • Feb 5, 2007 4:53am Feb 5, 2007 4:53am
want some tips? buy now and take profit at somewhere 1.9600, before shorting again tomorrow... This is just a recomendation though...
I am just here to talk nonsense =D
  • #5,484
  • Feb 5, 2007 5:41am Feb 5, 2007 5:41am
I already scalped about 30 pips from the 20 pips range....Good luck for you guys, I already met my target for today, cya guys!! Happy trading...
I am just here to talk nonsense =D
  • #5,485
  • Feb 5, 2007 6:53am Feb 5, 2007 6:53am
After looking at the charts for a while ( I had a late start today ) we appear to be around the bottom where we hit 3 times last week - give or take a few pips. My 15 min chart is stabilising and the news at 3pm GMT is all USD related - none of it would appear to be positive for the USD. Coupled with the potential for UK rates to be hiked ( speculation I know) I have a feeling that this may be the time to go long with a tp of 9700.

Any thoughts......?

I am going long now with a tightish SL at 550.
  • #5,486
  • Feb 5, 2007 7:09am Feb 5, 2007 7:09am
I am going long now with a tightish SL at 550.[/quote]

If you look at fibo from last month and the previous low is about the 61.8 or 9515 I'm waiting to see if we bounce or drop around this number! long pt would be 9700 short pt would be 9400 either way looks like good pips!
  • #5,487
  • Feb 5, 2007 7:14am Feb 5, 2007 7:14am
Quoting musicman007
After looking at the charts for a while ( I had a late start today ) we appear to be around the bottom where we hit 3 times last week - give or take a few pips.
I can agree with a reversal around 9550

Quoting musicman007
Coupled with the potential for UK rates to be hiked ( speculation I know) I have a feeling that this may be the time to go long with a tp of 9700.

Any thoughts......?
I don't agree with the BOE rate hike, but there is a potential bounce at the TL...hold one and let me ponder the TP....something less than 9700 though.
  • #5,488
  • Feb 5, 2007 7:21am Feb 5, 2007 7:21am
Now cable should go long....
  • #5,489
  • Feb 5, 2007 7:23am Feb 5, 2007 7:23am
Long is the OTHER way!!
  • #5,490
  • Feb 5, 2007 7:23am Feb 5, 2007 7:23am
Quoting MoneyMa$ter
Now cable should go long....
We'd better hold. GBPJPY on the move yet
  • #5,491
  • Feb 5, 2007 7:24am Feb 5, 2007 7:24am
Quoting MoneyMa$ter
Long is the OTHER way!!
  • #5,492
  • Feb 5, 2007 7:27am Feb 5, 2007 7:27am
Fortunately my signal didnt trigger and so I held off..... thanks god, or Allah, or Jehovah...etc.
  • #5,493
  • Feb 5, 2007 7:29am Feb 5, 2007 7:29am
Well it's nearing the end of subwave 1 of wave 3 down imo. Almost time for a break.

Cesarnc, gbp/jpy is still on track to the crazy projection of 230 area lol. Go go go!!
Tra-X
  • #5,494
  • Feb 5, 2007 7:31am Feb 5, 2007 7:31am
Might hit 9500 b4 news!
  • #5,495
  • Feb 5, 2007 7:33am Feb 5, 2007 7:33am
Where is everybody today?
  • #5,496
  • Feb 5, 2007 7:40am Feb 5, 2007 7:40am
1hr pin-bar + 1hr oversold would be good to see.... I'm out yet, though
  • #5,497
  • Feb 5, 2007 7:40am Feb 5, 2007 7:40am
Quoting musicman007
Fortunately my signal didnt trigger and so I held off..... thanks god, or Allah, or Jehovah...etc.
I went long at 9544 with 5 lots...out at 9555 because I forgot this wasn't a news trade!!
  • #5,498
  • Feb 5, 2007 7:41am Feb 5, 2007 7:41am
Nice little bounce...
  • #5,499
  • Feb 5, 2007 7:41am Feb 5, 2007 7:41am
it broke 9550 and retraced back. It'll stick around till news.............then perhaps 9443
  • #5,500
  • Feb 5, 2007 7:53am Feb 5, 2007 7:53am
So far the fall has stopped at the 78.6% retrace of last week's range...also this is on a nice trend-line up from the low on October 15th.

The ISM data at 10:00est will help clarify if this support is going to hold.
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