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Daily Cable Analysis

  • #6,081
  • Feb 12, 2007 4:28am Feb 12, 2007 4:28am
fib or TL

I am pretty good at getting into the right trades, but still have a lot to learn about profit taking.

Thanks anyone!
Consistency and patience is everything
  • #6,082
  • Feb 12, 2007 4:43am Feb 12, 2007 4:43am
current price action suggests 9436 is my answer - shame I did not take profit there - probably get stopped out @ b/e now.
Consistency and patience is everything
  • #6,083
  • Feb 12, 2007 4:46am Feb 12, 2007 4:46am
tom demark price projection or trendlines is quiet good
  • #6,084
  • Feb 12, 2007 4:52am Feb 12, 2007 4:52am
Hi
Now is broken… next target 92!
Attached Image
OldSchool
  • #6,085
  • Feb 12, 2007 5:30am Feb 12, 2007 5:30am
Quoting monarch
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.
seems cant broke 945x ?
i am short form 9510 with out take profit
any one can tell what will hapen for cable now?
SPEED SPEED SPEED
  • #6,086
  • Feb 12, 2007 6:05am Feb 12, 2007 6:05am
Quoting ali_ekrami
seems cant broke 945x ?
i am short form 9510 with out take profit
any one can tell what will happen for cable now?
hello ali, it's good to see you here, about your position, i can see some reversal signal in 1h now, and it seems cable wants to retrace from here, so that would be nice to close half of your position and bring your stop to BE so you have free ride going down, and pay attestation to 1ha and 4h charts and candles as well al trend line, happy trading.
  • #6,087
  • Feb 12, 2007 6:29am Feb 12, 2007 6:29am
Quoting mohsen57
hello ali, it's good to see you here, about your position, i can see some reversal signal in 1h now, and it seems cable wants to retrace from here, so that would be nice to close half of your position and bring your stop to BE so you have free ride going down, and pay attestation to 1ha and 4h charts and candles as well al trend line, happy trading.
Thanks Mohsen for info
SPEED SPEED SPEED
  • #6,088
  • Feb 12, 2007 7:18am Feb 12, 2007 7:18am
Im using 21 EMA for 1hr chart for cable....should i use 21 period for my RSI as well.....any suggestions?
  • #6,089
  • Feb 12, 2007 7:24am Feb 12, 2007 7:24am
Quoting tiges159
Im using 21 EMA for 1hr chart for cable....should i use 21 period for my RSI as well.....any suggestions?

RSI 14
  • #6,090
  • Feb 12, 2007 7:30am Feb 12, 2007 7:30am
Quoting Pickensrulz
RSI 14
thanks Pickensrulz but can u explain why use RSI 14 whereas ema has a longer period? appreciate it alot if u can explain....
  • #6,091
  • Feb 12, 2007 7:37am Feb 12, 2007 7:37am
Quoting tiges159
thanks Pickensrulz but can u explain why use RSI 14 whereas ema has a longer period? appreciate it alot if u can explain....
simply put one indicator's timeframe has nothing to do with the other. For example, when I analyze the 100 dma with RSI should I use RSI100?
Not a chance
  • #6,092
  • Feb 12, 2007 7:56am Feb 12, 2007 7:56am
Quoting Pickensrulz
simply put one indicator's timeframe has nothing to do with the other. For example, when I analyze the 100 dma with RSI should I use RSI100?
Not a chance
Thanks again
  • #6,093
  • Feb 12, 2007 8:18am Feb 12, 2007 8:18am
Hi
The bulls are fighting! … but 92 is there with huge stops, and market will take it!
Just one opinion…
OldSchool
  • #6,094
  • Feb 12, 2007 8:24am Feb 12, 2007 8:24am
As it relates to the GBP/USD, I believe this is going to be a strong week for the U.S. dollar. Bernanke's testimony would be rife with "vigilence." And I believe he's also going to hint at a rate hike come mid-year.

Plus, I think the U.S. economic data should be positive and the U.K. economic data not so positive.

Just based on fundamental factors and central bank activities this week, I see no reason the GBP/USD can't tumble to the 1.92's.
  • #6,095
  • Feb 12, 2007 10:17am Feb 12, 2007 10:17am
Cable should rise to 9531-9600

Main target is still 9261 support.
trading on demo is not trading
  • #6,096
  • Feb 12, 2007 10:24am Feb 12, 2007 10:24am
Quoting enzo2325
Cable should rise to 9531-9600

Main target is still 9261 support.
The Daily looks to be showing confirmation in your projection, the price would have to stay somewhere in the range it is right now.

We may see one Daily Candle, or possibly two with upwards movement, then as you have noted, the 1.9200's are in sight, especially if we have positive USD, Negative Cable news coming out this week.

Your suppose to be at work?
  • #6,097
  • Feb 12, 2007 10:30am Feb 12, 2007 10:30am
No Im off today so I can sit by my computer alllllllll ddddddaaaaayyyy
trading on demo is not trading
  • #6,098
  • Feb 12, 2007 10:31am Feb 12, 2007 10:31am
I thought you moved to gbp/jpy?? Why are you in here? lol

Think we need to start a new thread for that one
trading on demo is not trading
  • #6,099
  • Feb 12, 2007 10:35am Feb 12, 2007 10:35am
Quoting enzo2325
I thought you moved to gbp/jpy?? Why are you in here? lol

Think we need to start a new thread for that one
You know how the GBP/JPY whipsaws, I am mainly giving it screen time, but the profits still come from this currency.

I don't know about sitting in front of the computer watching the Cable, last night was to fun, now it seems sort of boring.

I am going to get a look at the new Daily Candle, then make my entry at that time.

Hope you enjoy your day off, you deserve some rest and relaxation.

Ken
  • #6,100
  • Feb 12, 2007 10:48am Feb 12, 2007 10:48am
Well I think Cable has found its low (9436) for today. We are now looking for the high. Then London open should drive the price back down. I am seeing that cable makes a lot of ups and downs and kind of fakes you out but it still goes for its main target. So Once we can learn this there can be alot of money to be made.
trading on demo is not trading
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