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Daily Cable Analysis

  • #6,001
  • Feb 11, 2007 5:54pm Feb 11, 2007 5:54pm
hi monarch

how did you get this chart/image/signals? esignal or?

thanks for your help

Cynthia

Quoting monarch
I was watching your strategy after the London Open.

Short Entered at 1.9669 Candle open and had a 33 pip drawdown, but did go for the 50 pip profit on the 1st Lot, and 35 additional on the 2nd Lot.

Total was 85 pip profit using this crossover method.

Do you have a Third Lot option that would run until the crossing back up?

Thanks, I will be watching for the cross upwards also.

Ken
  • #6,002
  • Feb 11, 2007 5:56pm Feb 11, 2007 5:56pm
I think i see a head and shoulders on the daily GBP/USD with the neckline just broken. am i wrong guys?

thanks!

Cynthia
  • #6,003
  • Feb 11, 2007 6:04pm Feb 11, 2007 6:04pm
Looks like a double pin bar on the hourly.

1.9539 is the 38.2% Fibo area, looking for a Short about now.

Will see if 1.9541 holds resisitance, or if there is a breach.
  • #6,004
  • Feb 11, 2007 6:39pm Feb 11, 2007 6:39pm
I see signs of strenght , clear candle above 23 fib hourly
  • #6,005
  • Feb 11, 2007 6:42pm Feb 11, 2007 6:42pm
I see that as well. For me it needs to break and close above the 1.9543 resistance to go LONG and below 1.9490 to go SHORT.
Show me the PIPS!
  • #6,006
  • Feb 11, 2007 6:47pm Feb 11, 2007 6:47pm
Monarch

is a double pin bar bearish?

thanks

Cynthia
  • #6,007
  • Feb 11, 2007 7:01pm Feb 11, 2007 7:01pm
1.9535 has been a nice area of both support and resisitance.

Pink circles show the areas on the chart.
Attached Image
TheCableGuy
  • #6,008
  • Feb 11, 2007 7:03pm Feb 11, 2007 7:03pm
[quote=TheCableGirl;214497]Monarc

is a double pin bar bearish? a pin would need a longer nose I would think
  • #6,009
  • Edited 7:17pm Feb 11, 2007 7:15pm | Edited 7:17pm
simple chart with fibo .


http://img241.imageshack.us/img241/1...x001vz5.th.jpg
  • #6,010
  • Feb 11, 2007 7:16pm Feb 11, 2007 7:16pm
So far the retrace has made it back up to 1.9539 for a total of 84 pips.

1.9558 is the 38.2% retracement level, and the 1.9541 would be the next key line to watch.

If price breaks upward past both the 1.9541 and 1.9558 marks, then the downward move would be over in my analysis.

But if the 1.9541 holds strong resitance, and we see a bounce back below the 1.9500 mark, there would be a indication that the Downward move is still in progress.

Remember, this is only Sunday, and most markets are not open just yet, and the little guys like us are just trying to gain some profits. This will all change once the group with the real money get back into the market.

I have arrows showing either way, I am waiting to see what happens at these levels before I enter into the market.
Attached Image
  • #6,011
  • Feb 11, 2007 7:33pm Feb 11, 2007 7:33pm
I'm goin to take a trade on the bounce of the 23 fib
  • #6,012
  • Feb 11, 2007 7:41pm Feb 11, 2007 7:41pm
Quoting fxastro
Sunday and market is now open for business ...

All that worrying for nothing, useless posts showing price here and there over the weekend, my feed is better then yours etc ...

GBP/USD Bid 1.9498/1.9501 Ask

Get those E/U and G/U shorts in, the short train is about to leave the station.
thats what i like to see
  • #6,013
  • Feb 11, 2007 10:00pm Feb 11, 2007 10:00pm
Quoting monarch
So far the retrace has made it back up to 1.9539 for a total of 84 pips.

1.9558 is the 38.2% retracement level, and the 1.9541 would be the next key line to watch.

If price breaks upward past both the 1.9541 and 1.9558 marks, then the downward move would be over in my analysis.

But if the 1.9541 holds strong resitance, and we see a bounce back below the 1.9500 mark, there would be a indication that the Downward move is still in progress.

Remember, this is only Sunday, and most markets are not open just yet, and the little guys like us are just trying to gain some profits. This will all change once the group with the real money get back into the market.

I have arrows showing either way, I am waiting to see what happens at these levels before I enter into the market.

Cable is showing resistance around 1.952+......is it wise to short at this time ? or wait for a bounce below 1.9500? any suggestions people...?
  • #6,014
  • Feb 11, 2007 10:41pm Feb 11, 2007 10:41pm
Quoting fxastro
Sunday and market is now open for business ...

All that worrying for nothing, useless posts showing price here and there over the weekend, my feed is better then yours etc ...

GBP/USD Bid 1.9498/1.9501 Ask

Get those E/U and G/U shorts in, the short train is about to leave the station.

So we should be shorting at 1.9528?
  • #6,015
  • Feb 11, 2007 11:48pm Feb 11, 2007 11:48pm
3rd test of this level in 3 HRS. It will be interesting to see if we get a candle closed above this level..........
Show me the PIPS!
  • #6,016
  • Feb 12, 2007 12:41am Feb 12, 2007 12:41am
could we have seen the high for the day?
  • #6,017
  • Feb 12, 2007 12:47am Feb 12, 2007 12:47am
Possible but I am leaning towards "NO". I think we could see the 1.9600 level ......... just my own worthless two American cents worth.
Show me the PIPS!
  • #6,018
  • Feb 12, 2007 1:19am Feb 12, 2007 1:19am
Looking to see if the 1.9541, 1.9539, or 1.9536 will support for upward move?

Would be expecting the 1.9536 for support, and possible entry Long.

This of course would be speaking of a scalp strategy only, no longer than that.
  • #6,019
  • Feb 12, 2007 1:19am Feb 12, 2007 1:19am
Long @ 1.9545. yes sir I LIKE IT
  • #6,020
  • Feb 12, 2007 1:23am Feb 12, 2007 1:23am
Quoting monarch
Looking to see if the 1.9541, 1.9539, or 1.9536 will support for upward move?

Would be expecting the 1.9536 for support, and possible entry Long.

This of course would be speaking of a scalp strategy only, no longer than that.

Hey man,

Did you start using Frankfurt and London open prices after reading Kathy Liens's book?
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