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Daily Cable Analysis

  • #5,601
  • Feb 6, 2007 3:34am Feb 6, 2007 3:34am
no idea why it's early, but also appears in Financial Times online, so news is definitely out
Consistency and patience is everything
  • #5,602
  • Feb 6, 2007 3:39am Feb 6, 2007 3:39am
so it means no more news??? woot... good news to sell, but only if we can break the damn support line....
I am just here to talk nonsense =D
  • #5,603
  • Feb 6, 2007 3:48am Feb 6, 2007 3:48am
Traders,
in my 2 cents - the market does not have a very clear trend setup at the moment - its only averaging and after 6 years of trading i have learnt not to emphasise my gut feeling (read technical analysis) to become the trend. So im not stepping into any medium term trades today.

However there are a few oppurtunities for scalping - i shorted at 1.9640 and took profit at 1.9618.

Am looking at going long at 1.9630 because 10 min charts say long and target profit is 1.9642

Regards,
Girish
  • #5,604
  • Feb 6, 2007 3:54am Feb 6, 2007 3:54am
666 the 1st target...i might add...
its just money
  • #5,605
  • Feb 6, 2007 4:05am Feb 6, 2007 4:05am
its heave-ho to 97 after 9666
  • #5,606
  • Feb 6, 2007 4:08am Feb 6, 2007 4:08am
i didn't catch this move. where do you think is the possible level I can short this?
  • #5,607
  • Feb 6, 2007 4:15am Feb 6, 2007 4:15am
Quoting moneyAA
its heave-ho to 97 after 9666

Will it cross 9680!!! Let us watch. I think it will go down from now
  • #5,608
  • Feb 6, 2007 4:15am Feb 6, 2007 4:15am
I doubt it will reach 1. 9700, the most it can go is to 1.9675 but I think It will find problem getting through 1.9666, and my prediction is, will bounce from 1.9666 to the low of 1.96....
I am just here to talk nonsense =D
  • #5,609
  • Feb 6, 2007 4:16am Feb 6, 2007 4:16am
Maybe we should add a new vital indicator for cable: "The Demonic Number" 1.9666 magnet.
Tra-X
  • #5,610
  • Feb 6, 2007 4:17am Feb 6, 2007 4:17am
went short at 62 stop at 72, TP 42
  • #5,611
  • Feb 6, 2007 4:18am Feb 6, 2007 4:18am
I think we will be on the journey down to low 1.96 area, I personal think the movement up has gained us enough momentum to break the 1.9618 line...
I am just here to talk nonsense =D
  • #5,612
  • Feb 6, 2007 4:20am Feb 6, 2007 4:20am
Quoting Traex
Maybe we should add a new vital indicator for cable: "The Demonic Number" 1.9666 magnet.
1.9666 is hell a good resistance, it has been doing a great job for stopping many attempts to get through it... What a good goalkeeper...Hopefully it will keep on doing a good job...
I am just here to talk nonsense =D
  • #5,613
  • Feb 6, 2007 4:20am Feb 6, 2007 4:20am
Traders,
Read my last post - so far in scalping i have been +40 pips. Next trade is short at 1.9680 or earlier if the 10 min charts start showing weakness. Target profit is 12-20 pips depending on the momentum and volume of the moves..

Girish
  • #5,614
  • Feb 6, 2007 4:23am Feb 6, 2007 4:23am
Saw this earlier
Attached Image
Trust price. Know yourself.
  • #5,615
  • Feb 6, 2007 4:24am Feb 6, 2007 4:24am
Let me get this straight...

We started the day at 9590s and we're now at 9670, about to break yesterday's high / only 30 pips away from 9700, which if it is breached we're heading 9722.

All, and I MEAN ALL indicators are STROOOOOOOONGLY bullish

Why, in the name of God, are all of you guys TRADING A DOWNTREND over here?

What are you guys seeing that I'm not?????
  • #5,616
  • Feb 6, 2007 4:24am Feb 6, 2007 4:24am
Quoting gmohata
Traders,
Read my last post - so far in scalping i have been +40 pips. Next trade is short at 1.9680 or earlier if the 10 min charts start showing weakness. Target profit is 12-20 pips depending on the momentum and volume of the moves..

Girish
Good luck to you though, but it seems that it most likely won't reach that price, but who knows? you might be right, furthermore 1.975 and 1.980 isn't that far, it's gonna take the sellers some times to resist the buying power...but then, As I said, I doubt...but we just wait and see...
I am just here to talk nonsense =D
  • #5,617
  • Feb 6, 2007 4:26am Feb 6, 2007 4:26am
Quoting cesarnc
Let me get this straight...

We started the day at 9590s and we're now at 9670, about to break yesterday's high / only 30 pips away from 9700, which if it is breached we're heading 9722.

All, and I MEAN ALL indicators are STROOOOOOOONGLY bullish

Why, in the name of God, are all of you guys TRADING A DOWNTREND over here?

What are you guys seeing that I'm not?????
An enlightment from god??? lol.. Joking!
I am just here to talk nonsense =D
  • #5,618
  • Feb 6, 2007 4:29am Feb 6, 2007 4:29am
Quoting Zarul Shahrin
An enlightment from god??? lol.. Joking!
Straight shoot of 80 pips up and the direction is DOWN????

I must get back to the books then...
  • #5,619
  • Feb 6, 2007 4:31am Feb 6, 2007 4:31am
Where the hell is Leugimp?
  • #5,620
  • Feb 6, 2007 4:32am Feb 6, 2007 4:32am
Quoting cesarnc
Straight shoot of 80 pips up and the direction is DOWN????

I must get back to the books then...
Follow my today posts beginning the london open when I said about price will go up if London open above 1.9618/20. You will get something..
I am just here to talk nonsense =D
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