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Daily Cable Analysis

  • #6,041
  • Feb 12, 2007 2:35am Feb 12, 2007 2:35am
Dang, I'm pissed I didn't close out my long closer towards the top and reverse with a short! The price bounced right off the 50ema on the 1hour charts!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #6,042
  • Feb 12, 2007 2:36am Feb 12, 2007 2:36am
now the gap is closed
Attached Image
  • #6,043
  • Feb 12, 2007 2:37am Feb 12, 2007 2:37am
Took my scalp of 25 pips on my short from 1.9516.

Watching for 1.9480 mark to see if it supports there.
  • #6,044
  • Feb 12, 2007 2:40am Feb 12, 2007 2:40am
Quoting 59fender
long1.9500
Your going Long when it passes upward past 1.9500 right?
  • #6,045
  • Feb 12, 2007 2:42am Feb 12, 2007 2:42am
Quoting mosheber
now the gap is closed
What was your numbers on the gap?

You expect a rise now?
  • #6,046
  • Feb 12, 2007 2:50am Feb 12, 2007 2:50am
Quoting 59fender
long1.9500

Aren't you concerned about a very weak forecasted PPI number for UK?
  • #6,047
  • Feb 12, 2007 2:50am Feb 12, 2007 2:50am
I think G U is going downward... There is a bearish divergence on MACD daily chart.
I place sell order on 1.9480 TP 1.9300
  • #6,048
  • Feb 12, 2007 2:51am Feb 12, 2007 2:51am
went long when I posted they were just running stops the low @1.9476 has held come on 1.9750
  • #6,049
  • Feb 12, 2007 2:51am Feb 12, 2007 2:51am
The 15 minute bar shows Long.

I entered at 1.9500 for a target of 1.9615, back to the frankfurt Low area.

never hurts too try.
  • #6,050
  • Feb 12, 2007 2:53am Feb 12, 2007 2:53am
Quoting Pickensrulz
Aren't you concerned about a very weak forecasted PPI number for UK?
au contraire mon fraire
  • #6,051
  • Feb 12, 2007 2:53am Feb 12, 2007 2:53am
Quoting 59fender
went long when I posted they were just running stops the low @1.9476 has held come on 1.9750
We are sure to catch some Long pips prior to the News in 35 minutes.

There is always a consolidation prior to news time.

I would estimate we go back to the 1.9516 area, maybe up to 1.9521 which is the 50% of the Frank High to the Low so far during London Session.
  • #6,052
  • Feb 12, 2007 2:54am Feb 12, 2007 2:54am
Quoting monarch
The 15 minute bar shows Long.

I entered at 1.9500 for a target of 1.9615, back to the frankfurt Low area.

never hurts too try.
big fat pin forming on the hourly
  • #6,053
  • Feb 12, 2007 2:57am Feb 12, 2007 2:57am
Quoting 59fender
au contraire mon fraire

good luck mate. I'm out of the whole mess , long to SAR to -12 pips. I prefer to be a reactive trader as opposed to a predictive trader in this instances.
  • #6,054
  • Feb 12, 2007 3:01am Feb 12, 2007 3:01am
the cable is showing signs of strength it should have blasted my long out of the water, should have dropped like an anchor
  • #6,055
  • Feb 12, 2007 3:05am Feb 12, 2007 3:05am
Quoting 59fender
big fat pin forming on the hourly
The 15 had me enter a Long, now the 30 Minute Pin bar confirms, and I am still debating the Hourly.

This one could form, but the news may offset it's direction.

I would prefer 1.9616 by news time, if not, I may get a bucket out and bail.
  • #6,056
  • Feb 12, 2007 3:10am Feb 12, 2007 3:10am
pretty nice action for a monday after last week its been a good day so far
  • #6,057
  • Feb 12, 2007 3:12am Feb 12, 2007 3:12am
i expect the price to drop to 1.9475 mark and than to 1.9456. hope the news will not turn the market direction.
Attached Image
  • #6,058
  • Feb 12, 2007 3:17am Feb 12, 2007 3:17am
Quoting 59fender
pretty nice action for a monday after last week its been a good day so far
I usually do not do much trading on Sunday in USA, but with the nice movement down on Friday, I couldn't resist to step in and catch some retracement pips.

Been a real good day so far, with good profits.

The 30 Minute Pin bar is shaping up real nice, especially if the price closes around 1.9505.

I am still curious about the 1 hour, especially with some news.

But considering the recent news movements, and with the cable already dropping somewhat last week, I would expect some upwards movement to counteract the losses.
  • #6,059
  • Feb 12, 2007 3:21am Feb 12, 2007 3:21am
the one hour looks like a wash started out nice but no go the best ones seem to start with a hard spike
  • #6,060
  • Feb 12, 2007 3:24am Feb 12, 2007 3:24am
Looks like some either jumped the gun or theres been a leak on the news
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