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Daily Cable Analysis

  • #6,681
  • Feb 21, 2007 5:51am Feb 21, 2007 5:51am
So far this week has run only 160 point, so.......

i assume is moving 250 point at least for one week,so....
i will see 9590 +60 = 9650 ( if up) for this week
or i will see 9425 -60 = 9365 ( if down ) for this week.

but i love down now.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #6,682
  • Feb 21, 2007 5:54am Feb 21, 2007 5:54am
200 MA in play again...
Attached Image
Is your SL my TP?
  • #6,683
  • Feb 21, 2007 6:02am Feb 21, 2007 6:02am
Guys market is up bcos it has perfect at 1.9489 at my chart ..........well this chart behaved best for support. in past at daily chart but for U all i sending hourly chart ...............so who all r going long
"Trade for sake of trading & not for winning or Lossing"
  • #6,684
  • Feb 21, 2007 6:05am Feb 21, 2007 6:05am
Quoting mackaozy
*(UK) BOE VOTED TO KEEP RATES UNCHANGED AT 5.25%: 7 VS 2 VOTE

- Beasley, Sentance voted for rate hike
- BOE minority said that they put particular weight on upside inflation risks
- BOE minority noted that companies are willing to increase prices

Result: GBP/USD abandoned its chance of doing a proper fifth wave up on the latest upwards pulse and plunged down about 50 pips.

Prediction: GBP/USD will fall to 1.9480 - 1.9500, which is Wave 1 down, then major bounce up to about 1.9550.
mmmmm... maybe

The fundamental analysis suggest a better condition for GBPUSD. The 7 VS 2 vote is good (consider 8 VS 1 market expectations) and *(UK) FEB CBI INDUSTRIAL TRENDS OUTPUT: 28 V 12 PRIOR; TOTAL ORDERS: 4 V -9 PRIOR
- Export orders: 1 v -3 prior
- Avg. expected prices: 19 v 19 prior
- Stocks: 9 v 17 prior
- Industry Output Strongest Since May 1995

I think on bad news for US today,
specifically CPI under 0.2% (Last Bernanke testimony was good for stocks but Bad for USD)

My target is 9600 for today


My humble opinion.
  • #6,685
  • Feb 21, 2007 6:13am Feb 21, 2007 6:13am
sorry guys for late ..........but i had uploaded before i do not know wat went wrong & it did uploaded. now...........I think some problem with server bcos chart are not uploading
Attached Image
"Trade for sake of trading & not for winning or Lossing"
  • #6,686
  • Feb 21, 2007 6:21am Feb 21, 2007 6:21am
http://www.consultingforex.cl/images_post/longbaby.gif
  • #6,687
  • Feb 21, 2007 6:31am Feb 21, 2007 6:31am
Quoting pablorpl
mmmmm... maybe

The fundamental analysis suggest a better condition for GBPUSD. The 7 VS 2 vote is good (consider 8 VS 1 market expectations) and *(UK) FEB CBI INDUSTRIAL TRENDS OUTPUT: 28 V 12 PRIOR; TOTAL ORDERS: 4 V -9 PRIOR
- Export orders: 1 v -3 prior
- Avg. expected prices: 19 v 19 prior
- Stocks: 9 v 17 prior
- Industry Output Strongest Since May 1995

I think on bad news for US today,
specifically CPI under 0.2% (Last Bernanke testimony was good for stocks but Bad for USD)

My target is 9600 for today


My humble opinion.


Hey I M with U for 9600 today but i do not understand ur fundos But bottomline is that price is going to 9600 for that there r thousand reason...........all the best.
"Trade for sake of trading & not for winning or Lossing"
  • #6,688
  • Feb 21, 2007 6:32am Feb 21, 2007 6:32am
Hona,

Thank you for your informative analysis, I want you to know that it is appreciated and keep up the good work. I've tried studying Elliott Wave theory and it's not that easy to get your brain wrapped around it !
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,689
  • Feb 21, 2007 6:46am Feb 21, 2007 6:46am
Quoting Sami7
Hona,

Thank you for your informative analysis, I want you to know that it is appreciated and keep up the good work. I've tried studying Elliott Wave theory and it's not that easy to get your brain wrapped around it !

Hey dude i told u before I m not superstar in Elliot wave but I love them..............right now 1.9540 is acting as resistence & that have to be breaked to fallow upward journey to 9600............see this chart
Attached Image
"Trade for sake of trading & not for winning or Lossing"
  • #6,690
  • Feb 21, 2007 6:57am Feb 21, 2007 6:57am
Like that. I use a good deal of tech indicators, rsi's macds, fibos, have taken a good deal of classes, and read everything I can get my hands on....And just to let you know, I'm a lady not a dude .
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,691
  • Feb 21, 2007 7:05am Feb 21, 2007 7:05am
Quoting HonaForex
Hey dude i told u before I m not superstar in Elliot wave but I love them..............right now 1.9540 is acting as resistence & that have to be breaked to fallow upward journey to 9600............see this chart
I like that 1.9540 resistance it's a hard one, fib & 200MA (H1) too! We'll see if it brakes, I'm currently out of trading (closed my long in +26 when price first bounced off the res-lines).

EDIT: Actually that' a 50% on my H4 charts and 61.8% of yesterdays high&low and a 200MA... Not to mention the main pivot line!... phew, tough one!
  • #6,692
  • Feb 21, 2007 7:18am Feb 21, 2007 7:18am
Quoting Sami7
Like that. I use a good deal of tech indicators, rsi's macds, fibos, have taken a good deal of classes, and read everything I can get my hands on....And just to let you know, I'm a lady not a dude .

Hey thanks for making me awear that U R lady & not dude ............also fibos are my alltime favorite...........but i have started from scratch all alone in forex from last 6 month i m only reading & thinking & thinking & thinking............hope mother Forex is showing me her right path


Sorry if I made any wrong statements.............hopefully this chart may help U


Shivaji.................

Give ur best & live the rest
Attached Image
"Trade for sake of trading & not for winning or Lossing"
  • #6,693
  • Feb 21, 2007 7:25am Feb 21, 2007 7:25am
Quoting MarkGavalda
I like that 1.9540 resistance it's a hard one, fib & 200MA (H1) too! We'll see if it brakes, I'm currently out of trading (closed my long in +26 when price first bounced off the res-lines).

EDIT: Actually that' a 50% on my H4 charts and 61.8% of yesterdays high&low and a 200MA... Not to mention the main pivot line!... phew, tough one!

Hey dude it has breaked that line.............now it should go up & i do not know wats news coming from US .............let me see...........but i expect it should good for cable to go up
"Trade for sake of trading & not for winning or Lossing"
  • #6,694
  • Feb 21, 2007 7:29am Feb 21, 2007 7:29am
Quoting HonaForex
Hey thanks for making me awear that U R lady & not dude ............also fibos are my alltime favorite...........but i have started from scratch all alone in forex from last 6 month i m only reading & thinking & thinking & thinking............hope mother Forex is showing me her right path


Sorry if I made any wrong statements.............hopefully this chart may help U


Shivaji.................

Give ur best & live the rest
I dont think your wave count is viable - Wave 4 should NOT drop into the range of Wave 1. This invalidates the count.

I do think that there is a viable Wave 3 still in progress on a 15 min chart - that will only become invalid IF 9478 is broken
Trading Levels with WRBs
  • #6,695
  • Feb 21, 2007 7:37am Feb 21, 2007 7:37am
Guys I came out at 9530..........its look i was wrong
"Trade for sake of trading & not for winning or Lossing"
  • #6,696
  • Feb 21, 2007 7:40am Feb 21, 2007 7:40am
This candle and the subsequent down movement may retrace 100% of the move up. Any thoughts where this is going anyone?
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,697
  • Feb 21, 2007 7:40am Feb 21, 2007 7:40am
Quoting HonaForex
Guys I came out at 9530..........its look i was wrong

You're not wrong but at news time TA is useless
  • #6,698
  • Feb 21, 2007 7:40am Feb 21, 2007 7:40am
Quoting Islander
I dont think your wave count is viable - Wave 4 should NOT drop into the range of Wave 1. This invalidates the count.

I do think that there is a viable Wave 3 still in progress on a 15 min chart - that will only become invalid IF 9478 is broken

Yap U r right.........let me see ur chart if u do not mind..........thanks in advance
"Trade for sake of trading & not for winning or Lossing"
  • #6,699
  • Feb 21, 2007 7:43am Feb 21, 2007 7:43am
Check out this gap, we may be moving back up
Attached Image
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,700
  • Feb 21, 2007 7:47am Feb 21, 2007 7:47am
Quoting benssol
You're not wrong but at news time TA is useless

Lol thanks for increasing belief in myself.................but for safe 5 min before the news i increased my ST from 470 to 530 to make atleast 30 pips if not 100 pips.................let me reenter the trade after sometime
"Trade for sake of trading & not for winning or Lossing"
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