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Daily Cable Analysis

  • #6,021
  • Feb 12, 2007 1:27am Feb 12, 2007 1:27am
Quoting Pickensrulz
Hey man,

Did you start using Frankfurt and London open prices after reading Kathy Liens's book?
Sorry, never heard of her, or her book.

Does she speak on the subject of Frank and London?
  • #6,022
  • Feb 12, 2007 1:28am Feb 12, 2007 1:28am
I looking to see if we find support @1.9515 should we get there
  • #6,023
  • Feb 12, 2007 1:29am Feb 12, 2007 1:29am
I am thinking the 1.9535 was a good resistance earlier today, now maybe we will see if it acts for a support in the Frankfurt Hour?

Still waiting for direction.
  • #6,024
  • Feb 12, 2007 1:31am Feb 12, 2007 1:31am
Quoting monarch
Sorry, never heard of her, or her book.

Does she speak on the subject of Frank and London?

She wrote about several methods of analysis and one of them references Frankfurt and London open. It's a great book for beginners and experienced traders. Bit pricy ..called "Day Trading the Currency Markets: Technical and Fundamental Strategies to Profit from Market Swings" ..Costs $75. It will pay for itself soon. Maybe an hour for some people >LOL
  • #6,025
  • Feb 12, 2007 1:36am Feb 12, 2007 1:36am
Quoting Pickensrulz
She wrote about several methods of analysis and one of them references Frankfurt and London open. It's a great book for beginners and experienced traders. Bit pricy ..called "Day Trading the Currency Markets: Technical and Fundamental Strategies to Profit from Market Swings" ..Costs $75. It will pay for itself soon. Maybe an hour for some people >LOL
Thanks for the info, will check into it.

Not too much book reading for me, just a bunch of screen time and mistakes to help learn. LOL
  • #6,026
  • Feb 12, 2007 1:51am Feb 12, 2007 1:51am
`showing signs of weekness
  • #6,027
  • Feb 12, 2007 2:01am Feb 12, 2007 2:01am
Quoting 59fender
`showing signs of weekness
So far this hour it has.

Frankfurt Open 1.9554
High 1.9556
Low 1.9516

1.9514 has been key point at close of market Friday.

Will be watching for a 5 minute candle to open "clear" below 1.9514/16 for a Short.

Or a break above 1.9554/566 for a Long.
  • #6,028
  • Feb 12, 2007 2:03am Feb 12, 2007 2:03am
watching to see if 1.9538 holds as resitance for possible break below the figure
  • #6,029
  • Feb 12, 2007 2:06am Feb 12, 2007 2:06am
Short, or Long?

Just a question too see where everyone is standing.

Or just waiting?
  • #6,030
  • Feb 12, 2007 2:07am Feb 12, 2007 2:07am
weakness....



i am going short...1 hour shows bearish candle
  • #6,031
  • Feb 12, 2007 2:09am Feb 12, 2007 2:09am
Quoting 59fender
watching to see if 1.9538 holds as resitance for possible break below the figure
Price held at 1.9529, the 38.2% fibo for the Frankfurt hour was 1.9531

Has not reached 1.9538 yet, when will you short?
  • #6,032
  • Feb 12, 2007 2:11am Feb 12, 2007 2:11am
No idea! At open I was thinking a slight retrace with possibility of a SHORT then it went on up to 1.9660 area and thought it was time to LONG. Then a big ol drop back down to my pivot 1.9616. So.......... NO CLUE?!?!?!?
Show me the PIPS!
  • #6,033
  • Feb 12, 2007 2:11am Feb 12, 2007 2:11am
1.9510 daily pivot
  • #6,034
  • Feb 12, 2007 2:12am Feb 12, 2007 2:12am
Long cable

No sir I don't like it. SAR soon
  • #6,035
  • Feb 12, 2007 2:14am Feb 12, 2007 2:14am
tried to short platform crashed
  • #6,036
  • Feb 12, 2007 2:20am Feb 12, 2007 2:20am
Yes it is 1.9610........ the sleepiness has my vision blurred!
Show me the PIPS!
  • #6,037
  • Feb 12, 2007 2:21am Feb 12, 2007 2:21am
Quoting 59fender
tried to short platform crashed
beats getting in, and then it crashing with maybe a wrong position.

I am watching the 5 min. candle open here under the Frankfurt low at 1.9516.

Looks like it wants to retrace to find resistance at 1.9516, maybe short from there if it holds price down.
  • #6,038
  • Feb 12, 2007 2:23am Feb 12, 2007 2:23am
the daily and 4h momentum is down
Attached Image
  • #6,039
  • Feb 12, 2007 2:26am Feb 12, 2007 2:26am
am in....waiting to take profits at 1.9480

Cynthia
  • #6,040
  • Feb 12, 2007 2:31am Feb 12, 2007 2:31am
long1.9500
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