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Daily Cable Analysis

  • #7,001
  • Feb 23, 2007 10:20am Feb 23, 2007 10:20am
Guys is formed on 1 hr chart
"Trade for sake of trading & not for winning or Lossing"
  • #7,002
  • Feb 23, 2007 10:21am Feb 23, 2007 10:21am
So, I'm out of my buy and in a short and the currency is heading up - where is Henry when you need him?
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,003
  • Feb 23, 2007 10:32am Feb 23, 2007 10:32am
Bulls & bears are dancing hahahhaha.............up & down............at 1.9635/40..........hahahaha
"Trade for sake of trading & not for winning or Lossing"
  • #7,004
  • Feb 23, 2007 10:46am Feb 23, 2007 10:46am
Quoting HonaForex
Bulls & bears are dancing hahahhaha.............up & down............at 1.9635/40..........hahahaha
For such lazy sessions the US market has shown during this month, I cannot simply ignore some repetitive reports I'm receiving on big spikes up moved by a "likely Iran strike by US during this weekend, early next week tops".

I don't really buy it, but there has been no announcements to back up these moves. And watching this fight for highers at this time in a Friday? Well, I haven't seen NFP doing that by that time...

Well, this is what I've heard here and there. Just don't want to open my system on Sunda night to see a huge gap up in the skies...

If unconfirmed, not trustworthy rumors is the cause, I want to be long when the real deal comes around.

Not Tech, just Fundy... Nice weekend you all!
  • #7,005
  • Feb 23, 2007 10:47am Feb 23, 2007 10:47am
Look fibo line & EMA of Enzo how r they acting.............hope it helps u all guys & lady in some how at this critical moment where market going mad
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"Trade for sake of trading & not for winning or Lossing"
  • #7,006
  • Feb 23, 2007 10:49am Feb 23, 2007 10:49am
I missed the nice move thins morning!! I couldn't stay awake any longer and managed to close out with 40 pips on the move down last night. Then I wake up and it got up 85 pips... what a shame.

price has exausted itself at 9650 high. We should see some retracement now.
trading on demo is not trading
  • #7,007
  • Feb 23, 2007 10:51am Feb 23, 2007 10:51am
Glad to see your enjoying my system.

Now you have to run a fibo from the low 9535 to high 9650. See how price acts on this.
trading on demo is not trading
  • #7,008
  • Feb 23, 2007 10:57am Feb 23, 2007 10:57am
Ok, not understanding this. It's Friday, and normally a sell off occurs between around 11:30 ET - no sell off instead we are in a range. I know we are at the top of our fibo at 9650 and we have candle exhaustion (besides mine staring at this non-trending market this week).

What is keeping this currency from taking a plunge?
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,009
  • Feb 23, 2007 10:58am Feb 23, 2007 10:58am
its going to dive very soon
trading on demo is not trading
  • #7,010
  • Feb 23, 2007 11:03am Feb 23, 2007 11:03am
If it doesn't dive much, might be an indication that it might be going higher on monday..

Usually when cable wants to go higher, it retraces back to the 23.6 fibo or close to it.
Trade what you see, not what you think.
  • #7,011
  • Feb 23, 2007 11:05am Feb 23, 2007 11:05am
so you're keeping a long position open for the weekend?

Quoting cesarnc
For such lazy sessions the US market has shown during this month, I cannot simply ignore some repetitive reports I'm receiving on big spikes up moved by a "likely Iran strike by US during this weekend, early next week tops".

I don't really buy it, but there has been no announcements to back up these moves. And watching this fight for highers at this time in a Friday? Well, I haven't seen NFP doing that by that time...

Well, this is what I've heard here and there. Just don't want to open my system on Sunda night to see a huge gap up in the skies...

If unconfirmed, not trustworthy rumors is the cause, I want to be long when the real deal comes around.

Not Tech, just Fundy... Nice weekend you all!
Nihil Sine Deo.
  • #7,012
  • Feb 23, 2007 11:08am Feb 23, 2007 11:08am
Hey Enzo I dont know much about ya system or trading style as of yet. hopefully i will be able to read up on ya past posts and catch it.

I too misses the 80+ pip morning rush.

however, I feel real good that My Fib points are an exact match as yours. So that does mean I'm doing something right with the FIbs.

It retrace a bit from its high on Fibs= 9650.
Waiting to see what direction it will go from here on.
Now its in the middle of 9630-9640

What should I be looking for now.



Quoting enzo2325
Glad to see your enjoying my system.

Now you have to run a fibo from the low 9535 to high 9650. See how price acts on this.
  • #7,013
  • Feb 23, 2007 11:10am Feb 23, 2007 11:10am
nope... i'm long too and i'm keeping it open, i think it might go higher (up to 1.9750 at least).
and the rumours about US and Iran...

Quoting SeekingLight
Am I the only one who went long at 1.9540 and still has it?

I'm keeping this until I get a full reversal.
Traex, I know this isn't a count and I really have no idea WHAT we're in, but at least I get quite a few hints that 1.9800 lines up real well. Well, and 2.0050 and that other area, but let's not go crazy just yet
I sure wouldn't mind seeing this continue higher tho...either we go past the high or we crash just below it after a reversal for a real washout lower. We will see. Trade what you see, not what you think and so forth
Nihil Sine Deo.
  • #7,014
  • Feb 23, 2007 11:19am Feb 23, 2007 11:19am
Looking for it to close below 9633 which is my 40 ema. Then price should move down to hit the first fib of 9607
trading on demo is not trading
  • #7,015
  • Feb 23, 2007 11:22am Feb 23, 2007 11:22am
I spoke with Monarch last night and he had asked me to post some of my charts and entry and exit strategies to help out the newbies and anyone else who enjoys the system. I have been really busy with work that I have had no time to do so. Hopefully next week I will post some charts and examples on live trades that I have done. This should help you guys a lot more.
trading on demo is not trading
  • #7,016
  • Feb 23, 2007 11:23am Feb 23, 2007 11:23am
Quoting enzo2325
Glad to see your enjoying my system.

Now you have to run a fibo from the low 9535 to high 9650. See how price acts on this.

Wow I m smelling than it will to hit the 50 Ema on first on 5 min,than 15 min & later 30 & 1 hour & than alone next Joourney.................bcos i have become so good in this system on 1min & 5 min chart............wat u fell
"Trade for sake of trading & not for winning or Lossing"
  • #7,017
  • Feb 23, 2007 11:30am Feb 23, 2007 11:30am
HOw did you master my system before me???! lol

Tell me how you do it on the smaller time frames.
trading on demo is not trading
  • #7,018
  • Feb 23, 2007 11:33am Feb 23, 2007 11:33am
Market is taking my money today. I got out of my sell. Something's up here and it's not just the currency. This is an odd time for a continuation. and the MACD on the 1hr is still up.....
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,019
  • Feb 23, 2007 11:36am Feb 23, 2007 11:36am
Trading on Fridays is bad! I seem to always loose. You gotta know when to stay away and to me its Fridays and Sundays
trading on demo is not trading
  • #7,020
  • Feb 23, 2007 11:43am Feb 23, 2007 11:43am
Quoting Sami7
Market is taking my money today. I got out of my sell. Something's up here and it's not just the currency. This is an odd time for a continuation. and the MACD on the 1hr is still up.....
Now you made me remember last time cable rallying with almost no retracement. That is, cable bull run during Nov 2006. One Friday it closed at near daily high after rallying for few days. The next Monday it opened at a price ~150 pips higher than Fri close. Lost alot that time.
I don't know about today's case, just be cautious. Just my opinion.
Tra-X
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