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Daily Cable Analysis

  • #6,101
  • Feb 12, 2007 11:36am Feb 12, 2007 11:36am
there should be a rise, positive divergence is seen in r.s.i 4h chart.
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  • #6,102
  • Feb 12, 2007 12:16pm Feb 12, 2007 12:16pm
I haven't seen a candle close below this so I would say there would be some more upward movement before possibly resuming the move down.
Show me the PIPS!
  • #6,103
  • Feb 12, 2007 1:00pm Feb 12, 2007 1:00pm
actually it seems as if though it might take a fairly large turn down again if the 4 hour candle closes below, say, 1.9474. Good luck trading everybody
I dream, therefore I become.
  • #6,104
  • Feb 12, 2007 1:11pm Feb 12, 2007 1:11pm
Quoting mike w
actually it seems as if though it might take a fairly large turn down again if the 4 hour candle closes below, say, 1.9474. Good luck trading everybody
I agree. I took a short on two lots at 1.9479. Looking for 80-100 pips over the next day or two on that position.
  • #6,105
  • Feb 12, 2007 1:52pm Feb 12, 2007 1:52pm
Hey pipple

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.


Quoting pipple
thats what i like to see
Hope you caught some of that short ... There is more to come
This isn't my thread so I won't clog it up anymore ... My charts are showing at least 1 more drop to low 9400's then if 9390 breaks we are heading for 9300 and below.

Fxastro
  • #6,106
  • Feb 12, 2007 1:57pm Feb 12, 2007 1:57pm
Quoting fxastro
Hey pipple







Hope you caught some of that short ... There is more to come
This isn't my thread so I won't clog it up anymore ... My charts are showing at least 1 more drop to low 9400's then if 9390 breaks we are heading for 9300 and below.

Fxastro

Go ahead and show us your Chart, it would be nice too see what you see.

Thanks
  • #6,107
  • Feb 12, 2007 10:35pm Feb 12, 2007 10:35pm
Yo Enzo, this morning you were saying how you could've saved Monarch from a long position and how it was obvious that the cable would continue down. I was just curious what your crystal ball is seeing for today since you nailed it yesterday!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #6,108
  • Feb 12, 2007 11:36pm Feb 12, 2007 11:36pm
Well the time has come once again - Frankfurt and London Open.

What will it be?

The 4th move down right at the Frankfurt/London open?

Or a move upwards to retrace some of the losses Cable has given?

This chart shows the Line I am watching for a continual downward, or the retracement that is already 60 pips up from the Low Today at 1.9436.

This is only a chart to view what is ahead Today.

I am having a hard time believing that we will see a 4th straight move down from the Frankfurt/London open, that would be a record for consecutive drops.

Record? Well I made that part up.

Trade smart folks!
Attached Image
  • #6,109
  • Feb 12, 2007 11:50pm Feb 12, 2007 11:50pm
QwiktraderYo Enzo, this morning you were saying how you could've saved Monarch from a long position and how it was obvious that the cable would continue down. I was just curious what your crystal ball is seeing for today since you nailed it yesterday!


Im still short. If you draw a fibo from yesterday from the high to the low. 1.9565 to 1.9436 cable is retracing to these fibo levels. Cable hit the 50% fibo level of 9501 and bounced off of this. So it could hit the 61.8% of 9516 and then go back down. I went long to get some quick pips but I just shorted again to 9261. Thats my target and I beleive strongly cable ios going to get there. If im wrong o well I lost a lot of money.
trading on demo is not trading
  • #6,110
  • Feb 13, 2007 12:18am Feb 13, 2007 12:18am
Hi Monarch,

This was posted elsewhere last night so I will use the same chart to save me time. The chart still valid until the stop is taken out ...

By adding on rallies, I use a 15 pip formula (add every 15 pips or at fib levels as enzo mentioned). So, for this chart entries would be at 9465, 9480 and 9495 then stop at 9505 bid. I caught this whole cable down move using this technique and I still have 1 short from 9702 and a gbp/jpy short from 238.54.

Cable has since printed 9502, if the stop gets taken so be it, stops are there to protect you from yourself. Lets see how this wave goes.

Good trading.
Attached Image
  • #6,111
  • Feb 13, 2007 12:38am Feb 13, 2007 12:38am
Quoting fxastro
Hi Monarch,

This was posted elsewhere last night so I will use the same chart to save me time. The chart still valid until the stop is taken out ...

By adding on rallies, I use a 15 pip formula (add every 15 pips or at fib levels as enzo mentioned). So, for this chart entries would be at 9465, 9480 and 9495 then stop at 9505 bid. I caught this whole cable down move using this technique and I still have 1 short from 9702 and a gbp/jpy short from 238.54.

Cable has since printed 9502, if the stop gets taken so be it, stops are there to protect you from yourself. Lets see how this wave goes.

Good trading.
Thanks for the chart and explanation, your not a Astro fan are you?
  • #6,112
  • Feb 13, 2007 1:17am Feb 13, 2007 1:17am
Man, someone put a leash on this puppy, it is like down, up, down - get with it, and lets go.
TheCableGuy
  • #6,113
  • Feb 13, 2007 1:23am Feb 13, 2007 1:23am
I think they are lost on the potential news.
Show me the PIPS!
  • #6,114
  • Feb 13, 2007 1:26am Feb 13, 2007 1:26am
Quoting tathlynq
I think they are lost on the potential news.
We are still facing news
20 minutes
1Hr 20Min
2Hrs
2Hr 30Min

A lot can happen here in the next two to three hours, I am not joining in the fun, unless I am invited.
  • #6,115
  • Feb 13, 2007 1:30am Feb 13, 2007 1:30am
Whats you take here for the next few hours?
  • #6,116
  • Feb 13, 2007 1:58am Feb 13, 2007 1:58am
The positive EUR news is taking the GBP up perhaps for now
  • #6,117
  • Feb 13, 2007 2:03am Feb 13, 2007 2:03am
Long, eyeing 956!Hope it is not bounced from 100ema
  • #6,118
  • Feb 13, 2007 2:10am Feb 13, 2007 2:10am
Quoting simplecoders
The positive EUR news is taking the GBP up perhaps for now
Yes , maybe ....
  • #6,119
  • Feb 13, 2007 2:10am Feb 13, 2007 2:10am
A negative GBP news will drive it down again.
GBP CPI m/m forecast lower than previous
GBP Core CPI y/y forecast same as previous
GBP RPI m/m forecast lower than previous

If the actuals are same as this then GBP may go down

Isnt it
  • #6,120
  • Feb 13, 2007 2:15am Feb 13, 2007 2:15am
My stop hit ... that is my cue to keep away from today ...

Long targets are 9550 maybe even 9650 but this is a market I prefer to stay away from.

Good trading, its going to be a tough day.

M- Yes dable in some astro .. long term only .. short term E.W
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