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Daily Cable Analysis

  • #7,461
  • Mar 2, 2007 11:07am Mar 2, 2007 11:07am
It's Friday, London Fix should have been in progress, the news has come and gone, so...why do we keep restesting the support around 9456ish? Where is Henry??
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,462
  • Mar 2, 2007 11:25am Mar 2, 2007 11:25am
So....maybe it wanted to touch the 100 ema on my 5 minute??? Anyone have a guess where it will land?
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,463
  • Mar 2, 2007 11:32am Mar 2, 2007 11:32am
it will land at the moon
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,464
  • Mar 2, 2007 11:37am Mar 2, 2007 11:37am
Quoting notme32
it will land at the moon
ask a technical question get a technical answer....too funny
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,465
  • Mar 2, 2007 11:41am Mar 2, 2007 11:41am
Quoting Sami7
So....maybe it wanted to touch the 100 ema on my 5 minute??? Anyone have a guess where it will land?
Since you like 5m charts try this. Put heiken ashi on a 1m chart. It spent over 2 hours grinding through a supply line at 9455 b4 popping through. Now it is back to test the 9455 line as support. Typical Friday afternoon until enough pressure is applied to get the shorts to liquidate, which may or may not happen. You need the liquidation to fuel. The longs have already established their positions during that 2+ hour grind. Now we just have to sit and wait. If it breaks below 36 go short, if above 55 go long. I have been long since 34 but have stop at be as I am not willing to give back my profits.
Brad
  • #7,466
  • Mar 2, 2007 11:45am Mar 2, 2007 11:45am
Quoting notme32
it will land at the moon
Actually it is not here. I swear.
  • #7,467
  • Mar 2, 2007 11:55am Mar 2, 2007 11:55am
Quoting Bradone
Since you like 5m charts try this. Put heiken ashi on a 1m chart. It spent over 2 hours grinding through a supply line at 9455 b4 popping through. Now it is back to test the 9455 line as support. Typical Friday afternoon until enough pressure is applied to get the shorts to liquidate, which may or may not happen. You need the liquidation to fuel. The longs have already established their positions during that 2+ hour grind. Now we just have to sit and wait. If it breaks below 36 go short, if above 55 go long. I have been long since 34 but have stop at be as I am not willing to give back my profits.
Brad
Figures I don't have a heiken ashi option on my desktop or accucharts, is there some technical indicators I can use to mimic it. Thanks for the info, much appreciated.
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,468
  • Mar 2, 2007 12:00pm Mar 2, 2007 12:00pm
Just long usd/chf at 1.2151 expecting a bounce up about 50pips.
  • #7,469
  • Mar 2, 2007 12:12pm Mar 2, 2007 12:12pm
Quoting Sami7
Figures I don't have a heiken ashi option on my desktop or accucharts, is there some technical indicators I can use to mimic it. Thanks for the info, much appreciated.
Not sure. I didn't realize accucharts doesn't have. Wierd. Maybe try and contact accucharts. Pretty common indicator to have not included.

Brad
  • #7,470
  • Mar 2, 2007 12:13pm Mar 2, 2007 12:13pm
Henry what is your SL?

I actually saw a retracement too but not so familar with this curreny.


Quoting henrycarol
Just long usd/chf at 1.2151 expecting a bounce up about 50pips.
  • #7,471
  • Mar 2, 2007 12:13pm Mar 2, 2007 12:13pm
Quoting moonchild
Actually it is not here. I swear.
i guess your mother is jupiter and your dad is mars.

i have long since 9435 and will "land" at 9495, hope there is a moon.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,472
  • Mar 2, 2007 12:17pm Mar 2, 2007 12:17pm
Quoting newjersey24
Henry what is your SL?

I actually saw a retracement too but not so familar with this curreny.
I dont use SL, but 1.2110 is okay.

Might touch there and bounce up to 1.2300
  • #7,473
  • Mar 2, 2007 12:29pm Mar 2, 2007 12:29pm
no sl?

Whoa, you must be very confident.

I'm pretty new and so far from reading, it always state use SL, but I know a few veteran traders who doesnt use them. I guess you one of them.

You do this for all currencies or those like this with lesser volatilty?

And what is the analysis you used? I saw a bounce off my FIBs and MACD.

Quoting henrycarol
I dont use SL, but 1.2110 is okay.

Might touch there and bounce up to 1.2300
  • #7,474
  • Mar 2, 2007 12:52pm Mar 2, 2007 12:52pm
Quoting newjersey24
no sl?

Whoa, you must be very confident.

I'm pretty new and so far from reading, it always state use SL, but I know a few veteran traders who doesnt use them. I guess you one of them.

You do this for all currencies or those like this with lesser volatilty?

And what is the analysis you used? I saw a bounce off my FIBs and MACD.
I think he might mean limit....
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,475
  • Mar 2, 2007 12:55pm Mar 2, 2007 12:55pm
reconsidering the "new" short term shady area: 1.9436, 1.9450.
Nihil Sine Deo.
  • #7,476
  • Mar 2, 2007 12:58pm Mar 2, 2007 12:58pm
you should know that the figure is starting to look bearish and your target would be more realistic at about 1.9488.

Quoting notme32
i guess your mother is jupiter and your dad is mars.

i have long since 9435 and will "land" at 9495, hope there is a moon.
Nihil Sine Deo.
  • #7,477
  • Mar 2, 2007 1:11pm Mar 2, 2007 1:11pm
if my target didnot hit today, then it should be hit next week , i always get my target , sometimes need more than a week. by the time i add another long or short each day , in and out. but still target still remain target and must be hit.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,478
  • Mar 2, 2007 1:14pm Mar 2, 2007 1:14pm
[quote=notme32 , i always get my target [/quote]
  • #7,479
  • Mar 2, 2007 1:21pm Mar 2, 2007 1:21pm
Quoting notme32
if my target didnot hit today, then it should be hit next week , i always get my target , sometimes need more than a week. by the time i add another long or short each day , in and out. but still target still remain target and must be hit.
LOL no s/l policy.
Tra-X
  • #7,480
  • Mar 2, 2007 1:33pm Mar 2, 2007 1:33pm
thats the way i do lately, i cannot explain detail.

but it better than put money in bank and eat interest.

S/L ? what kind of species that ?
I Deeply Love My Virtual Life In Virtual World , RLC
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