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Daily Cable Analysis

  • #7,941
  • Mar 18, 2007 3:47am Mar 18, 2007 3:47am
Some of the price levels I have been watching for a while are (19735, 19675, 19435, and 19260). Price tested the 19500 level Friday. This price is 1- the 50% level of (19735 and 19260), 2- .62fib of the swing (19675 to 19181), 3- a minor resistance trend line, and 4- close to testing the underside of a broken major support trend line. The 19550 looks to be the apex of the broken major support trend line and the current major resistance trend line, the 50%l level of (19675 and 19435), and what could be the apex of a rising wedge. Might be some numbers to consider as we enter next week.
Attached Image
  • #7,942
  • Mar 19, 2007 1:48am Mar 19, 2007 1:48am
look like start to fall

9350 target reach today ? hopely, or even more
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,943
  • Mar 19, 2007 2:08pm Mar 19, 2007 2:08pm
Lazy monday, looks like the end of the world.

No power to up.... so better down
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,944
  • Mar 20, 2007 3:09am Mar 20, 2007 3:09am
Quoting notme32
Lazy monday, looks like the end of the world.

No power to up.... so better down
Please wait for abit, final subwave 5 up must be done and completed. After that, I'll call "you know who" to short like bloody hell. Anyway, he might appear anytime now.
Tra-X
  • #7,945
  • Mar 20, 2007 3:10am Mar 20, 2007 3:10am
minor trend line holding at the moment, major trend line resting at 19530ish, the 19500 area seems to hold some significance for a break north.
Attached Image
  • #7,946
  • Mar 20, 2007 5:39am Mar 20, 2007 5:39am
The subwave 5 of wave C up target at 1.9550 area has been hit. The end of subwave 5 is here? Shorter term count gives possibility of 1 more upspike/mini wave left or not at all. We'll see.
Tra-X
  • #7,947
  • Mar 20, 2007 5:56am Mar 20, 2007 5:56am
Looks like a top at the 786 fib. Selling at 9525.
  • #7,948
  • Mar 20, 2007 6:08am Mar 20, 2007 6:08am
Quoting Traex
The subwave 5 of wave C up target at 1.9550 area has been hit. The end of subwave 5 is here? Shorter term count gives possibility of 1 more upspike/mini wave left or not at all. We'll see.
you mean now will down ? .... hope so.........or not.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,949
  • Mar 20, 2007 6:09am Mar 20, 2007 6:09am
Has the 110 pip spike up following the UK CPI data completed an ABC correction OR has it started a new move up?
IF it has started a new move up, here´s a possible wave count - in blue.
We´ll see what the market decides to do.
Housing Starts at 8:30 NY today and tomorrow we have BOE minutes and FOMC rates decision, so plenty of news input to come.
Attached Image
Trading Levels with WRBs
  • #7,950
  • Mar 20, 2007 6:26am Mar 20, 2007 6:26am
Quoting notme32
you mean now will down ? .... hope so.........or not.
Finishing its final upspike soon. After that it should go down unless what Islander said above about possible new uptrend is true.
Tra-X
  • #7,951
  • Mar 20, 2007 7:50am Mar 20, 2007 7:50am
Quoting Traex
Finishing its final upspike soon. After that it should go down unless what Islander said above about possible new uptrend is true.
It should be about now. Not a trade recommendation! Take your own risk, lol. Currently @1.9595.
Tra-X
  • #7,952
  • Mar 20, 2007 11:56am Mar 20, 2007 11:56am
Technically one small upmove above 1.9605 is required on tick chart according to my wave count, but my observation is that at the end of a trend this last miniwave is often excluded. Entry at about 1.9610 would be choice if opportunity arises. Best guess anyways.
  • #7,953
  • Mar 20, 2007 12:01pm Mar 20, 2007 12:01pm
I see a down trendline on dailies plus a gann fan line. As well as trading range 2/23/07-3/1/07 all holding it from going higher. Maybe.

It is always hard to fight the trend but if it turns then well ...

Also dbl top on 5 minute. So top looks beter.
  • #7,954
  • Mar 20, 2007 1:13pm Mar 20, 2007 1:13pm
Re-shorted at 1.9622 after previous ones got stopped at b/e. Let's see now lol.
Tra-X
  • #7,955
  • Mar 20, 2007 1:23pm Mar 20, 2007 1:23pm
Quoting Traex
Re-shorted at 1.9622 after previous ones got stopped at b/e. Let's see now lol.
Brazil central Bank just announced they will buy dollars at spot MKT Auction.

Will make you trade green sooner
  • #7,956
  • Mar 20, 2007 2:33pm Mar 20, 2007 2:33pm
seem strong trend up .............
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,957
  • Mar 20, 2007 3:20pm Mar 20, 2007 3:20pm
Sure, as I said in the other thread, its moving higher up to 100% from the move down before it will decline. Then the pair is massive overbought + several divergences in stochastic, which lead IMHO into a dramatically downfall tomorrow or later. Saw something like that before in GBPUSD. Reminds me about February 14th/15th. In forex, history repeats itself! I know of someone who trades exactly only on history patterns and makes huge cash on it.
  • #7,958
  • Mar 20, 2007 3:29pm Mar 20, 2007 3:29pm
Quoting highway3000
Brazil central Bank just announced they will buy dollars at spot MKT Auction.

Will make you trade green sooner
Brazilian Real (R$) way too strong. Exporters / Agribusiness very mad since major crops are about to be harvested and exported.
  • #7,959
  • Mar 20, 2007 5:07pm Mar 20, 2007 5:07pm
Quoting highway3000
Brazil central Bank just announced they will buy dollars at spot MKT Auction.

Will make you trade green sooner
the chinese are going to get rid of some of their dollars; and they have a lot of them.
http://www.forexfactory.com/showthread.php?t=22069
  • #7,960
  • Mar 20, 2007 7:32pm Mar 20, 2007 7:32pm
Well actually they are getting rid of some of the future dollars they will receive. They might also diversify their overall currency holdings.
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