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Daily Cable Analysis

  • #6,241
  • Feb 15, 2007 3:21am Feb 15, 2007 3:21am
Cable Guy

Can you post your predictions daily so we can follow ourselves please?
mama
  • #6,242
  • Feb 15, 2007 3:29am Feb 15, 2007 3:29am
I will try, but I will have to confirm with Monarch. Most of the projection is based opon his information I have learned, and also this is his thread.

Shouldn't be too much of a problem though.

News here in 1 minute.

Scalp trade 1 min Chart.
TheCableGuy
  • #6,243
  • Feb 15, 2007 3:35am Feb 15, 2007 3:35am
Passed it by like it was nothing, cleared the 1.9599 area, and will be looking for 1.9565 now on this news movement.
TheCableGuy
  • #6,244
  • Feb 15, 2007 3:40am Feb 15, 2007 3:40am
Got 50 Pips recover my yesterday lost
SPEED SPEED SPEED
  • #6,245
  • Feb 15, 2007 3:43am Feb 15, 2007 3:43am
If you were on the 1 min and 5 tick, there was at least 60 pips just now cleared on the scalp. Price has dropped over 100 pips in 15 minutes.

I am really done for now, very nice profits in the bank, I will leave the remainder Short alone, just in case it decides to go back up towards 1.9606 area by news for US.

I was not expecting such a large move on this report, but always glad for a chance to clear some bank.

Hope everyone made some profits. We will see you in 3 hours.
TheCableGuy
  • #6,246
  • Feb 15, 2007 3:44am Feb 15, 2007 3:44am
Just stopped short of the 250EMA on the 4hr and the 15 min chart !!
  • #6,247
  • Feb 15, 2007 3:46am Feb 15, 2007 3:46am
Just now retraced 50% on yesterdays Bull Daily Candle.

News in 3 hours will tell the tale.
TheCableGuy
  • #6,248
  • Feb 15, 2007 3:59am Feb 15, 2007 3:59am
since the upper tl holds it seems that the price will drop to 1.9505 mark.






not a trade recommendation
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  • #6,249
  • Feb 15, 2007 4:09am Feb 15, 2007 4:09am
Quoting HonaForex
I M forcasting the market properly but its Economic indicator which troubling due to which I m coming out of market or not reading the Economic Indicator properly & loosing confidence in my won forcast & later kicking myself not to belive myself.............pls tell how u trade with ecomocmic Indicator & also how to get Ecomonomics news as fast as possible bcos yestraday Richmands Report from US went agiianst me & i had no idea what he actually said & but effect of his speech is seen in market

My Market forcast...........
market is in Corection from 9916
A- 1.9915 to 9480 ( complete) 435 pips

B- 1.9480 to 1.9744(complete) 264 pips

C - 1.9744 - 435 = 1.9305 where complete its Journey
let us break wave C
(1) 9744 to 9536 complete 209 pips
(2) 9536 to 9732 complete 196 pipi
(3) 9732 to 9398 complete 334 pips
(4) 9398 to 9670 complete 272pipi
(5) 9670 - 365 =9305 where market stops its journey..........

Pls comment & also help me how handle Economic Indicator or pls provide any source


Shivaji

FEAR BIGGEST OF ALL ENEMY & ITS MINE TOO

RIGHT NOW..................
We R in wave

Guys wats up, Does I M going with market or Market is going My way..............Wat U feel ...............also i think US Econnomic Indiactor will be positive to complete the Journey at 1.9300/20...........
"Trade for sake of trading & not for winning or Lossing"
  • #6,250
  • Feb 15, 2007 4:24am Feb 15, 2007 4:24am
it would be better to explain why i think that....... so that other traders could also take this opinion in consideration
  • #6,251
  • Feb 15, 2007 5:02am Feb 15, 2007 5:02am
Quoting mosheber
it would be better to explain why i think that....... so that other traders could also take this opinion in consideration

Hey I M new to forex but some the technical Indicators which i cannot digests bcos market moves by its won way its better fallow the market way it is going.............

I had short at 1.9660 & stoped at 1.9550 took profit of 110 pips
& now i m long at 1.9550 with take profit at 1.9590 for 40 pips which will happen soon...................later at 1.9590 again I m going short......let us watch
I do not know why i m doing this but it is market how it is going........


Shivaji
"Trade for sake of trading & not for winning or Lossing"
  • #6,252
  • Feb 15, 2007 5:55am Feb 15, 2007 5:55am
Hallo guys anyone feel that market will bounce back after reaching 1.9590/600 with positive US Economic indicator is expected from New York ............wat u all feel.......
"Trade for sake of trading & not for winning or Lossing"
  • #6,253
  • Feb 15, 2007 6:18am Feb 15, 2007 6:18am
My post from #6216

http://www.forexfactory.com/images/icons/icon1.gif
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!



Life is great!! Cable did exactly what I predicted. I guess I can say I am getting pretty good at this. Maybe its just a lucjy week. But 60 pips now added in the bank!
trading on demo is not trading
  • #6,254
  • Feb 15, 2007 6:34am Feb 15, 2007 6:34am
I See cable going down more and possibly back to 9400 and below.

Important levels to look for are if it closes below 9540 then look for 9507. If 9507 is passed as... well, that leaves 9400.
trading on demo is not trading
  • #6,255
  • Feb 15, 2007 6:40am Feb 15, 2007 6:40am
Quoting enzo2325
trying something new
Mind sharing the "something new" stuff? I'm in need of something new here
  • #6,256
  • Feb 15, 2007 8:26am Feb 15, 2007 8:26am
K I will share it. It extremely simplae and works really well.

First you need 3 moving averages.

50 ema
100 ema
200 ema

Macd set at default which is 12, 26, 9

Thats it! What you do is everytime you find the low and high. Draw a fibo from low to high. Price will always hit the fibos or bounce off the ema's. It works best on the 60 minute chart.

on 2/13 and 2/14 you will see that the price bounced off the 50 ema. then resumed back down.

in an uptrend they will be stacked 50,100,200
downtrend the naturally will be 200, 100, 50

This is great because price always retraces to the ema's and bounces off. Once it passes one of them it usually tries to make its way to the next ema and at times its 40-60 pips! unless the ema is sitting right on a fibo level then just wait for the close with the macd to confirm.

if you set up and look at your chart. Draw a fibo from low 9400 to high 1.9677. You will see that price hit the 38.2% which is sitting on the 200 ema peirced through it and hit the 50 ema and bounced back up into the lil up move we have now. Hope it works.
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trading on demo is not trading
  • #6,257
  • Feb 15, 2007 8:38am Feb 15, 2007 8:38am
what's the setting for MACD, enzo
  • #6,258
  • Feb 15, 2007 8:44am Feb 15, 2007 8:44am
I think It says it clearly above!!
trading on demo is not trading
  • #6,259
  • Feb 15, 2007 8:46am Feb 15, 2007 8:46am
Enzo - Thanks for sharing this with us! Would you please explain:

unless the ema is sitting right on a fibo level then just wait for the close with the macd to confirm.

MACD showing ---- direction? Close of candle?

Would you please go into more detail?

Thanks
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,260
  • Feb 15, 2007 8:57am Feb 15, 2007 8:57am
Today 9:46amSami7Enzo - Thanks for sharing this with us! Would you please explain:

unless the ema is sitting right on a fibo level then just wait for the close with the macd to confirm.

MACD showing ---- direction? Close of candle?

Would you please go into more detail?

Thanks


Yes I always wait for the Macd to cross. That gives me more confidence in placing my trade. Sometimes some of the ema's are at the same price as the fibos. So there is more Resistance/Support. You have to be patient with this system becuase we are using the 60 min chart. But trust me the pips will come and you will love them!!
trading on demo is not trading
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