Daily Cable Analysis

Anyone watching the news!!!??? Whats going on?? From Uk here.

Gimme those pips baby!!

Go Go Go!!!!

i Love Trading The News!!!

Tried the 4hr 250EMA....really good guys, try it....the pips just kept on commin....!!!

added short 9625

Very little resistance between here and 1.9680-1.9715 Watch out shorts.

I agree - the only one holding back is 9625 - if this holds for next 100 or so ticks, shorts may get an opportunity to escape this peril

I went long before GBP news this morning (CST) after the technicals showed a Bullish turnover. Personally, I think I got lucky with today's fundy's. Riding 155 pips profit right now. Locked in 120 pips with T/S.

bad day maybe for me..... if not back down then i am bleeding badly.

BE at 9600-spreadx2=9594

hope today high is enough there at 9639, change for BE at retrace.

Used a short term trend line to get in long and got 6 lots long at 220 pip profit, nice, shame it's only demo of course

Take a look at 4h chart, it already passes 61.8 retracement. Clear sailing to 1.9732 now. 2.0 anyone??

I'm currently testing a Cable system I found in a forum here and I'm struggling to come up with the best exit strategy. My entry is based on a MA cross, RVI, and MACD, but my exit is simply the MA cross in the opposite direction. The system is profitable, but I tend to lose about 15-20% of my profits by staying in the trade too long.

Any suggestions?

You might try using the actual price pulling back to one of your MAs rather than waiting for the MAs themselves to cross.

I find that this is a much clearer method than waiting for the actual MAs to cross. I use this on 5m and 1m charts, together with an oscillator.

My 4 hr charts are strong and i agree with your fib line. Interestibly enough 9638 is the 78.6 on the 15 min going back to 5th feb drop.

i have banked some pips and am still long and see no reason to change my strategy at this time. Will look to offload around 9650 and look for entry at 9670. As to shorts...still thinking !

Wow Cable did something crazy last night!! Anyway im trying something new on the 60 min chart and it looks like it can work very well for me. I will keep testing it. So far have made over 400 pips in the past 3 days. I would love to share it once it makes me that consecutively. As of now I see cable is going to retrace from the big movements it made lastnight. One of the retracement levels will be 9596. If it closes below this im looking for 9561-9548.

I dont know if cable is going back up to 9914 or 2.0. I still dont see it. I think it first need to pass the 9261 and then it could rise a long way. To me that would be a better entry but who know's. The market is nutz and we are its puppets so just play along. Good luck!

is anyone planning on selling if a pin comes on the 4 hour timeframe? Im thinking about it but im not sure if it would be a very strong signal as it is just small and within the prior bar. any thoughts on that?

I rarely open or close positions this late in the US session, unless there's pending news. This time of day typically has little volume or volatility. I'm hanging onto my long position with my T/S currently at 9589.

Still thinking 1.9700 before 1.9500.

It was a good day Wednesday ! What will Thursday bring? I am still thinking it will continue LONG towards 1.9700 before heading down again. I could be wrong but everything I am looking at still points north!