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Daily Cable Analysis

  • #5,701
  • Feb 6, 2007 3:06pm Feb 6, 2007 3:06pm
Well as you can tell from my title Cable has been good to me also. So, Let us keep this thread going and just move forward. I am not going to delete the previous posts, because it is both a statement and an answer to that statement... So thanks for stepping up everyone.. and we will move forward and make some money. LOL

Scott

As far as I am concerned, everyone's opinion is welcome as long as it is about Cable...

Take Care and thanks
  • #5,702
  • Feb 6, 2007 3:18pm Feb 6, 2007 3:18pm
the low @ 1.9537 is higher than the low @ 1.9482 lets see if we can now make a higher high than the one @ 1.9748
  • #5,703
  • Feb 6, 2007 3:21pm Feb 6, 2007 3:21pm
lot of news tomorrow, we should close above 97
i see fireworks rest of week
  • #5,704
  • Feb 6, 2007 3:27pm Feb 6, 2007 3:27pm
I agree with the post above in that we need to put all other things aside and focus on tearing up this cable. We're already at a disadvantage with the banks and insiders with inside info. We need to move forward and work as a team, as it can only benefit us.

Moving on
Qwik
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,705
  • Feb 6, 2007 3:35pm Feb 6, 2007 3:35pm
Quoting Qwiktrader
I agree with the post above in that we need to put all other things aside and focus on tearing up this cable. We're already at a disadvantage with the banks and insiders with inside info. We need to move forward and work as a team, as it can only benefit us.

Moving on
Qwik
This thread has taught me alot on the cable... your charts fibo discussions and joke have all helped me more than I can say, I am greatful to you all for your knowledge. I am not offened by the jokes and slightly by the petty infighting. leugimp has taught me alot ... so thank you please continue.
does anyone think henrycarol will bring us back to the 195's anytime soon? or anyother reason for a drop?
  • #5,706
  • Feb 6, 2007 3:39pm Feb 6, 2007 3:39pm
Hi everyone, I too mostly trade cable and very much enjoy this thread - informative, opinionated and sometimes irreverent. In my opinion everything posted here has been in good humour and shouldn't offend - the mess this world is in, why would anyone become upset by a few words said in jest - but if someone doesn't like the odd post, surely they can post their displeasure - I'm sure they would receive an apology or an edit -this way it becomes self moderating.

Leugimp and Ceasernc have been (recently) the two most contributing members - with valid and intersting analysis plus a few jokes - why don't you two start your own thread with your own style - this thread, it now seems, has run it's course for those of us that remember that life ireally shouldn't be taken too seriously.

Good luck, health and wealth to you all.

BTD
I've got my pips - go get yours!
  • #5,707
  • Feb 6, 2007 3:47pm Feb 6, 2007 3:47pm
I second that! I am recent to following this thread but not to trading Forex. I like to hear both side of the trade which we were hearing in here. Sometimes it strikes some chord in my thought process that I wasn't paying attention to. The banter did make it livable. I will follow to any thread that is as lively as this one WAS.

B


Quoting BackTestDummy
Hi everyone, I too mostly trade cable and very much enjoy this thread - informative, opinionated and sometimes irreverent. In my opinion everything posted here has been in good humour and shouldn't offend - the mess this world is in, why would anyone become upset by a few words said in jest - but if someone doesn't like the odd post, surely they can post their displeasure - I'm sure they would receive an apology or an edit -this way it becomes self moderating.

Leugimp and Ceasernc have been (recently) the two most contributing members - with valid and intersting analysis plus a few jokes - why don't you two start your own thread with your own style - this thread, it now seems, has run it's course for those of us that remember that life ireally shouldn't be taken too seriously.

Good luck, health and wealth to you all.

BTD
  • #5,708
  • Feb 6, 2007 4:09pm Feb 6, 2007 4:09pm
Any of you guys have some thoughts on where we go from here? IMO, like I posted yesterday we're trading in an upward channel and we have yet to hit the top of the channel so we still have room to go up. Also, there's GBP news in the early am which also may help light a fire under this sucker to continue it's upward movement.
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,709
  • Feb 6, 2007 4:17pm Feb 6, 2007 4:17pm
Quoting positivepips
This thread has taught me alot on the cable... your charts fibo discussions and joke have all helped me more than I can say, I am greatful to you all for your knowledge. I am not offened by the jokes and slightly by the petty infighting. leugimp has taught me alot ... so thank you please continue.
does anyone think henrycarol will bring us back to the 195's anytime soon? or anyother reason for a drop?
if we fail to make a new high above 1.9750 most likely test 1.9500 once again, although it looks to break above
  • #5,710
  • Feb 6, 2007 4:33pm Feb 6, 2007 4:33pm
Cable yesterday bounced off its daily trend line. As you can see it touched it twice in the short period of time but couldnt penetrate it, same happened 2/3 times before after which pound rallied. This kind of patter (double daily stab at the trendline within no more than 5 days apart) i have obsereved many times before and it has very good chance of playing out ( to the upside in this case) so come tomorrow we'll see.

I hope you can see chart alright.
Attached Image
  • #5,711
  • Feb 6, 2007 5:08pm Feb 6, 2007 5:08pm
hey wshhmm did you leave your thread? I was waiting if you were to start .......Hope you will provide us with your insight and advice
thankx
Banda
BANDA333
  • #5,712
  • Edited 6:35pm Feb 6, 2007 5:34pm | Edited 6:35pm
This is my simple profit taking strategy.

Bolinger Bands and RSI.

Trade the Cross of Middle Band, with the RSI confirmation.

I will take the trade once line crosses middle of Bolinger and opens new candle with RSI as a confirmation.

1st Lot - Target is 50 Pips (I have cleared 50 pips on 6 straight trades - each entry is noted on Chart Below)

2nd Lot - Will let this run, trying to gain up to 25-50 more pips, but usually will close with no more than a 20 pip loss. (This is still a work in progress - I am using smaller time frames to identify the turning point in direction) 3 of the past 6 trades has gained 25 additional pips, and 2 have been for losses of 20 pips.

Total
6 @ 50 pips = 300
3 @ 35 pips = 105
2 @ -20 pips = - 40

10 days of trading total = 365

I will continue to test the areas of the 2nd Lot, and if there is a possibility of losses on the 1st Lot.
Attached Image
TheCableGuy
  • #5,713
  • Feb 6, 2007 5:42pm Feb 6, 2007 5:42pm
Cable Guy,

What period on RSI? - I'm using a RSI3 and RSI45. I also use BB.

Thanks,
All hard work brings a profit, but mere talk leads only to poverty.
  • #5,714
  • Feb 6, 2007 5:56pm Feb 6, 2007 5:56pm
Quoting Sami7
Cable Guy,

What period on RSI? - I'm using a RSI3 and RSI45. I also use BB.

Thanks,
I updated my last post with the settings.
TheCableGuy
  • #5,715
  • Feb 6, 2007 6:20pm Feb 6, 2007 6:20pm
BB and RSI Trade - Hourly Chart

One of the 20 pip losses should have been a 35 pip gain, but was reaching for a 50 pip gain on 2nd lot, but it did not get that far (within 5 pips - this has backed my profit on the 2nd Lot to 35 Max, better than a loss like this was).

Total
6 @ 50 pips = 300
3 @ 35 pips = 105
2 @ -20 pips = - 40

10 days of trading total = 365
Attached Image
TheCableGuy
  • #5,716
  • Edited 7:14pm Feb 6, 2007 6:54pm | Edited 7:14pm
Will enter at 1.9698 for Scalp Short for a 10 pip goal.

Price seems to be holding at the 1.9690-92 area. Still needs to rise to 1.9698 for best entry on scalp short postion.

Price left the entry level 1.9698, now will enter at 1.9593 - the Open of the Hour, if price comes back up for entry Short there.

No Hurry, just testing 1 Min BB and RSI for Scalping strategy.



EMA 250 at 1.9677/79
TheCableGuy
  • #5,717
  • Feb 6, 2007 6:55pm Feb 6, 2007 6:55pm
CableGuy, what are your RSI and BB settings? It's hard to tell from your chart? Thanks
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,718
  • Feb 6, 2007 7:04pm Feb 6, 2007 7:04pm
Quoting Qwiktrader
CableGuy, what are your RSI and BB settings? It's hard to tell from your chart? Thanks
These seem to be working the best for me lately, but I could make minor adjustments as time goes on.

BB 55/2 at Close
RSI 18
TheCableGuy
  • #5,719
  • Feb 6, 2007 7:23pm Feb 6, 2007 7:23pm
I am looking for the price to go lower around the 1.9666 area in this short term downward move.

Time has expired for the Entry Level on Short Scalp possibility.

Will attempt at the news during London later.
TheCableGuy
  • #5,720
  • Feb 6, 2007 7:58pm Feb 6, 2007 7:58pm
Quoting TheCableGuy
I am looking for the price to go lower around the 1.9666 area in this short term downward move.

Time has expired for the Entry Level on Short Scalp possibility.

Will attempt at the news during London later.
Could you please explain in detail. I do not understand. Where are you drawing these exact numbers from? Just trying to learn. Time frames are important for me to review.

Thanks
Brad
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