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Daily Cable Analysis

  • #5,781
  • Feb 7, 2007 3:19am Feb 7, 2007 3:19am
Quoting jimo
Sure?
how you can sure will down..!!?
can you explain me...
I received a great elightment last night...I gave me the ability to predict the future..lol..ehehe..Just Kidding...
I am just here to talk nonsense =D
  • #5,782
  • Feb 7, 2007 3:20am Feb 7, 2007 3:20am
Quoting Zarul Shahrin
I am now 95% sure that Cable will move down..
I agree except I am only 50% sure.
  • #5,783
  • Feb 7, 2007 3:21am Feb 7, 2007 3:21am
gr8 line jst 1 pip thats what were here to do today
  • #5,784
  • Feb 7, 2007 3:21am Feb 7, 2007 3:21am
Quoting Zarul Shahrin
I received a great elightment last night...I gave me the ability to predict the future..lol..ehehe..Just Kidding...
  • #5,785
  • Feb 7, 2007 3:22am Feb 7, 2007 3:22am
LOL! Did I say 95%? That is too much I think..but no prob...who knows I am right...
I am just here to talk nonsense =D
  • #5,786
  • Feb 7, 2007 3:23am Feb 7, 2007 3:23am
Maybe I'm the only one here who is long right now. So what if I get stopped out?
  • #5,787
  • Feb 7, 2007 3:26am Feb 7, 2007 3:26am
Quoting ronaldinho
Maybe I'm the only one here who is long right now. So what if I get stopped out?
you still have time to change your mind...hhehee...
I am just here to talk nonsense =D
  • #5,788
  • Feb 7, 2007 3:26am Feb 7, 2007 3:26am
Quoting Zarul Shahrin
Same goes to LT Traders...I really think it's pointless to argue about this, it makes us sound immature like kids....Everyone has their styles..whether their system profitable or not..Only they know about it..
Thank you, no matter what your system, discipline is the key! I trade what stands out to me. Scalp, swing, trend..... If its there and you can recognize it ........ let it run or cut it short.
  • #5,789
  • Feb 7, 2007 3:28am Feb 7, 2007 3:28am
Quoting ronaldinho
Maybe I'm the only one here who is long right now. So what if I get stopped out?
Getting stopped out depends more on where your stop is than on what the pair does.

I am long at present because, although cable may go down for awhile, ultimately it is going to go up. I would rather have a large stop loss than to try to pick up a few pips on a possible counter trend move down.
  • #5,790
  • Feb 7, 2007 3:34am Feb 7, 2007 3:34am
Quoting ronaldinho
Maybe I'm the only one here who is long right now. So what if I get stopped out?

there are 2 of us im long from 1.97
stop at 82
  • #5,791
  • Edited 3:38am Feb 7, 2007 3:37am | Edited 3:38am
ouch, nice shot, the next thing to do is to hope that the next bar in 1 hour chart to close below 1.9680.... then it will strengthen the signal for moving down...
I am just here to talk nonsense =D
  • #5,792
  • Feb 7, 2007 3:40am Feb 7, 2007 3:40am
Quoting Zarul Shahrin
ouch, nice shot, the next thing to do is to hope that the next bar in 1 hour chart to close below 1.9680.... then it will strengthen the signal for moving down...
Great analysis bro, keep it up
Trade what you see, not what you think.
  • #5,793
  • Feb 7, 2007 3:40am Feb 7, 2007 3:40am
Quoting moonchild
Getting stopped out depends more on where your stop is than on what the pair does.

I am long at present because, although cable may go down for awhile, ultimately it is going to go up. I would rather have a large stop loss than to try to pick up a few pips on a possible counter trend move down.
Precisely why I didn't hesitate to go long. I was kidding. My stops are actually far below. I can see this bouncing at 1.9675 for the meantime for going up. If it doesn't, then I'll let it be.
  • #5,794
  • Feb 7, 2007 3:43am Feb 7, 2007 3:43am
haha

Another bad news for damn GBP ....

very good
  • #5,795
  • Feb 7, 2007 3:45am Feb 7, 2007 3:45am
Quoting ronaldinho
Precisely why I didn't hesitate to go long. I was kidding. My stops are actually far below. I can see this bouncing at 1.9675 for the meantime for going up. If it doesn't, then I'll let it be.

Not to be judgemental, but what determines your direction when we still have quite a bit of USD coming out in a couple hours? Are you based on candles? Just curious.
  • #5,796
  • Feb 7, 2007 3:49am Feb 7, 2007 3:49am
god, buyers are working hard defending 1.9690, If we can break the line...They will have a hard day pushing Dollar back up...
I am just here to talk nonsense =D
  • #5,797
  • Feb 7, 2007 3:51am Feb 7, 2007 3:51am
Quoting ronaldinho
Precisely why I didn't hesitate to go long. I was kidding. My stops are actually far below. I can see this bouncing at 1.9675 for the meantime for going up. If it doesn't, then I'll let it be.

better you have enough free margin because will fall more
  • #5,798
  • Feb 7, 2007 3:52am Feb 7, 2007 3:52am
Quoting Zarul Shahrin
god, buyers are working hard defending 1.9690, If we can break the line...They will have a hard day pushing Dollar back up...
you mean 9680?

Be patient, it pays
Trade what you see, not what you think.
  • #5,799
  • Feb 7, 2007 3:54am Feb 7, 2007 3:54am
Quoting karmostaji
you mean 9680?

Be patient, it pays
Nope, I mean 1.9690, I expect Dollar to break the line and close a 1 hour candle bar below 1.9680....
I am just here to talk nonsense =D
  • #5,800
  • Feb 7, 2007 3:55am Feb 7, 2007 3:55am
There were some interesting comments earlier about this and I agree that it is mainly down to personal preference - coupled with the ammount of time available for trading and account size. If you only have a $10k account and are practicing good money management - say a maximum risk of 3% of account size per trade - then its more difficult to be a long term trader.

Also, the average weekly range is around 300 pips and the average daily range around 130 pips. Personally, I find the potential of 5 x 130 - 650 pips a compelling reason to look at shorter term intra day trading.

IMO any system that can make a CONSISTANT 50 pips a day from the 130 average is worthwhile and will give an excellent return.

This morning off the 1m and 5m charts I had a buy at 9702 after the Frankfurt open, with an initial target of 9730. Price stalled around yesterdays high so I exited at 9719. Over half an hour later I had a sell at 9709 with an initial target of 9774. That's just been hit and I've taken partial profits and will watch to see if this converts into a longer term (for me) move.

Having failed to follow through above the 700 level, it would be great IF 9722 was todays high.....-130 pips....mm 9600 anyone!
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