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Daily Cable Analysis

  • #6,061
  • Feb 12, 2007 3:27am Feb 12, 2007 3:27am
Cable ios going down where it needs to go. Thats the 9261 area. News is going to help it get there. Price has already breached the 9480 level. Today was just a retracement of that and thats all. We are still in a downtrend and the ship is about to sink big time. Price should breach the 9455 low...Good night all
trading on demo is not trading
  • #6,062
  • Feb 12, 2007 3:32am Feb 12, 2007 3:32am
next target is 1.9456
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  • #6,063
  • Feb 12, 2007 3:35am Feb 12, 2007 3:35am
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.
still long...!?
  • #6,064
  • Feb 12, 2007 3:36am Feb 12, 2007 3:36am
this thing should be dropping like a rock and its not hmm
  • #6,065
  • Feb 12, 2007 3:37am Feb 12, 2007 3:37am
Quoting Just1Pip
Looks like some either jumped the gun or theres been a leak on the news
It seems to be like this a lot more lately, I wonder whats the deal?
  • #6,066
  • Feb 12, 2007 3:38am Feb 12, 2007 3:38am
still long would have stop and reversed but some thing doesn't look right
  • #6,067
  • Feb 12, 2007 3:38am Feb 12, 2007 3:38am
Mixed 9.30GMT UK releases has proved [GBP] negative initially. With the Pound broadly sold by CTAs and East Eurtopeasn accounts from open, specs have leapt on the -2.0% m/m PPI input fall in Jan as a fresh reason to sell Gbp. For now, the next pivot in Cable comes at 1.9450/57 and a break could free the downside in a still very long market. Stops are tipped on a break of the former. Note Gbp net longs on the IMM surged to record highs of 92728 in the last week.
  • #6,068
  • Feb 12, 2007 3:39am Feb 12, 2007 3:39am
I officially am clueless to what's happening this AM so........... I think I'll just go to bed.That's always a winner!
Show me the PIPS!
  • #6,069
  • Feb 12, 2007 3:40am Feb 12, 2007 3:40am
Quoting jimo
still long...!?
Yea, I am long gone out of the Long.

But willl enter a long at 1.9488

or Short at 1.9463

Nice move down from the Frankfurt open total - 91 pips
  • #6,070
  • Feb 12, 2007 3:41am Feb 12, 2007 3:41am
in the midlle of a wave we often see a hammer. i think that was the pin bar in the 30 min chart.
  • #6,071
  • Feb 12, 2007 3:43am Feb 12, 2007 3:43am
Quoting enzo2325
Cable ios going down where it needs to go. Thats the 9261 area. News is going to help it get there. Price has already breached the 9480 level. Today was just a retracement of that and thats all. We are still in a downtrend and the ship is about to sink big time. Price should breach the 9455 low...Good night all
HEhe yeah I was selling earlier when it was at the highs

This wed's news for GBP could easily send it to 9200s
  • #6,072
  • Feb 12, 2007 3:46am Feb 12, 2007 3:46am
looks like traders were just waiting for the expected negative news to continue the big fall, but then it turned out less negative than expected, that's why it stalled, but obviously the data is not GBP+ enough to reverse the picture, so we are still likely to see the fall

oh shit, I just remember that the foremost principles is my new disciplined trading regime is supposed to be "YOU CANNOT PREDICT THE MARKET" and "ANYTHING CAN HAPPEN AT ANY TIME" .........

well, I guess a short with a sensible SL is acceptable practice.
Consistency and patience is everything
  • #6,073
  • Feb 12, 2007 3:48am Feb 12, 2007 3:48am
Quoting tathlynq
I officially am clueless to what's happening this AM so...........
I decided to not underestimate (actually I leaned to overestimate) the power of the Interest Rate Statement. Friday's down move was yen carry related, not Rate related.

Today, the rate-related reaction is back in town. That's why I decided to short Cable from Frankfurt open.

Now it is all about seeing if we will have a double bottom at 9460s (to reverse to the upside) or if Friday's bottom is meaninless and the price is going down under.

US market direction (or the absense of) is another variable to consider. USD is sideways for a long time and LONG today within the range it's trapped.
  • #6,074
  • Feb 12, 2007 3:49am Feb 12, 2007 3:49am
I just thinik for those of you that could not see this going down...Maybe you should try something else...LOL
trading on demo is not trading
  • #6,075
  • Feb 12, 2007 3:54am Feb 12, 2007 3:54am
Did I tell everyone that I have been Short from 2.4520 since November, 1980!

Now that is a good story for the Kids. LOL

Hey Enzo, if you saw this coming down, why didn't you Short at 1.9914?

That would have been a killer deal.
  • #6,076
  • Feb 12, 2007 3:55am Feb 12, 2007 3:55am
boy if this puppy holds the 50 fib line looks ripe!
  • #6,077
  • Feb 12, 2007 4:04am Feb 12, 2007 4:04am
No Monarch I didnt see it coming down from there. What I was talking about was all of you placing your longs as of today. I just didnt see why when everything was infront of your eyes that the market was still going down. Short from 9914 would of been awesome though.

Monarch if you would of traded with me tonight I would have saved you on some pips from not going long. LOL

I made out well today though. IM very sleepy and I hope nobody in here lost serious money. Good luck all
trading on demo is not trading
  • #6,078
  • Feb 12, 2007 4:06am Feb 12, 2007 4:06am
Quoting enzo2325
No Monarch I didnt see it coming down from there. What I was talking about was all of you placing your longs as of today. I just didnt see why when everything was infront of your eyes that the market was still going down. Short from 9914 would of been awesome though.

Monarch if you would of traded with me tonight I would have saved you on some pips from not going long. LOL

I made out well today though. IM very sleepy and I hope nobody in here lost serious money. Good luck all
nice call enzo
  • #6,079
  • Feb 12, 2007 4:11am Feb 12, 2007 4:11am
Quoting 59fender
boy if this puppy holds the 50 fib line looks ripe!
1.9455 is not an easy support to breach.

Back in January, this mark held a resistance for around 8 days or so.

We may be looking at this area for a few more days this week, or until more news pushes it down further.
  • #6,080
  • Feb 12, 2007 4:13am Feb 12, 2007 4:13am
Quoting enzo2325
No Monarch I didnt see it coming down from there. What I was talking about was all of you placing your longs as of today. I just didnt see why when everything was infront of your eyes that the market was still going down. Short from 9914 would of been awesome though.

Monarch if you would of traded with me tonight I would have saved you on some pips from not going long. LOL

I made out well today though. IM very sleepy and I hope nobody in here lost serious money. Good luck all
Chances we take everyday, still up for the day, but could have been better off if I just would have let you managed my account.

How much do you charge for that?
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