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Daily Cable Analysis

  • #5,541
  • Edited Feb 6, 2007 2:09pm Feb 5, 2007 9:46am | Edited Feb 6, 2007 2:09pm
guys pls bring it back to 577 level....
its just money
  • #5,542
  • Feb 5, 2007 9:47am Feb 5, 2007 9:47am
Short is the OTHER way!!!
  • #5,543
  • Feb 5, 2007 9:49am Feb 5, 2007 9:49am
Quoting MoneyMa$ter
Short is the OTHER way!!!


TODAY YOU WILL LEARN to hate Mondays....
  • #5,544
  • Feb 5, 2007 9:49am Feb 5, 2007 9:49am
Just closed long position for another 22 pips! Today is a good day and time to sit back and regroup for the next successful trade!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,545
  • Feb 5, 2007 9:50am Feb 5, 2007 9:50am
-$2,200 later....think I've seen enough!
  • #5,546
  • Feb 5, 2007 9:50am Feb 5, 2007 9:50am
Quoting lexazver
Cable touched its daily trendline again today and bounced AGAIN, tomorrow we could see it break. And although i dont always like trading by trendLINES but rather by tops and bottoms had little order to go long at 19550 which was triggered gonna exit at 1.9612 if it gets there

took profit and now reversed
  • #5,547
  • Feb 5, 2007 9:51am Feb 5, 2007 9:51am
Although I gotta say this setup is mirroring what happened on Jan 31st! Regardless, I'm gonna sit it out and just watch.
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,548
  • Feb 5, 2007 9:52am Feb 5, 2007 9:52am
Quoting MoneyMa$ter
-$2,200 later....think I've seen enough!
.... and I thought HenryCarol had gone short as well !! Im still in the game....just !
  • #5,549
  • Feb 5, 2007 9:53am Feb 5, 2007 9:53am
Quoting cesarnc


TODAY YOU WILL LEARN to hate Mondays....
If it wasn't for Monday, there'd be no Sunday. Hate is a learned behavior, an acquired taste for which I have none. Now the number is -$1500.
  • #5,550
  • Feb 5, 2007 9:55am Feb 5, 2007 9:55am
Quoting Qwiktrader
Just closed long position for another 22 pips! Today is a good day and time to sit back and regroup for the next successful trade!
Smart move to have stayed long; I still think dis ting will fall, man but me confidence not as high as it be long!
  • #5,551
  • Feb 5, 2007 9:58am Feb 5, 2007 9:58am
Bid 9602 and -$1300....
  • #5,552
  • Feb 5, 2007 10:01am Feb 5, 2007 10:01am
Quoting MoneyMa$ter
Bid 9602 and -$1300....
Keep your resolve bud ! I added to my short at 98 and 07. now very happy !!
  • #5,553
  • Feb 5, 2007 10:02am Feb 5, 2007 10:02am
Bid 9594 and -$500....
  • #5,554
  • Feb 5, 2007 10:02am Feb 5, 2007 10:02am
cover half of my short at 94 for +18 , stop on other half at breakeven +1 tp at 60. Done for today.
  • #5,555
  • Feb 5, 2007 10:04am Feb 5, 2007 10:04am
Quoting MoneyMa$ter
Bid 9594 and -$500....
Just made 27 pips - whoopee dooo !
  • #5,556
  • Feb 5, 2007 10:06am Feb 5, 2007 10:06am
Quoting lexazver
cover half of my short at 94 for +18 , stop on other half at breakeven +1 tp at 60. Done for today.
I am out too. Time to go and get the kids from school. C u all tomorrow !

Good trading !
  • #5,557
  • Feb 5, 2007 10:17am Feb 5, 2007 10:17am
Learning Opportunity See Success (-$400 L.o.s.s.)

I always review my trades to find weaknesses, strengths and gain knowledge for the next trade.

In review, going long from 9550 was a good call. It reached the TP at 9585-9590. Good call. But it plateaued, then continued long through the 00 barrier, unexpected by me but called by others. I thought the "psychological" of 00 would stop act as resistance on the long, but it didn't.

Cable has since retreated (bid 9589 as I write this). I still think it will range today but that will depend on what happens when London closes. If London mirrors Frankfurt as some theorize then it will continue long.
  • #5,558
  • Feb 5, 2007 10:19am Feb 5, 2007 10:19am
My earlier short got stopped out. I went short again at 1.9607. I have my tp set at 1.9570 Which is a little beyond the 50% retrace from the recent move up from 1.9534 to 1.9612 on the 15 min chart.
  • #5,559
  • Edited Mar 3, 2007 2:58pm Feb 5, 2007 10:32am | Edited Mar 3, 2007 2:58pm
rectangles as ranges are not always flat.
With a break always expect a pullback, otherwise, you're dead meat/
  • #5,560
  • Feb 5, 2007 10:43am Feb 5, 2007 10:43am
All though i am new member but i think your analysis should be more used as a direction based rather then taken for grant for specific entry or exit points. I been visitng this treat and studying it after i decided to become memebr. Great analysis keep it up.
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