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Daily Cable Analysis

  • #8,021
  • Apr 1, 2007 10:58am Apr 1, 2007 10:58am
I placed a short just before market closed on Friday night. Let's hope there's a gap hey!
  • #8,022
  • Apr 1, 2007 12:44pm Apr 1, 2007 12:44pm
If there is a gap on the downward, I would be prepared to make my exit once the candle formation shows a reversal to the upward.

If the Gap is up, you should remain safe since it will come down to fill the gap and retrace closing price on Friday.

Ken
  • #8,023
  • Apr 1, 2007 1:05pm Apr 1, 2007 1:05pm
Seems the gap is preparing upwards...

http://img47.imageshack.us/img47/7426/oandaok3.th.png
  • #8,024
  • Apr 1, 2007 1:16pm Apr 1, 2007 1:16pm
Quoting turbo_electric
I have a strong feeling the cable is gonna retrace as soon as the market opens, and it should reach at least 1.9600 within the first few hours.
It seems like we have similar thoughts
  • #8,025
  • Apr 1, 2007 1:17pm Apr 1, 2007 1:17pm
Fixme1too just said on his thread that G/J is gapping around 50 pips so far on the pre market trading, this should have the cable around 20 or so in comparisson, could be some money here soon everyone.

Ken

note: I have traded this gap two weeks in a row on G/U, E/J and G/J and made some nice pips, but caution for when to enter is important.

Not to big of a gap in G/U yet price around 1.9688/98, about 10 pips higher than close of Friday.
  • #8,026
  • Apr 1, 2007 1:24pm Apr 1, 2007 1:24pm
Quoting monarch
Fixme1too just said on his thread that G/J is gapping around 50 pips so far on the pre market trading, this should have the cable around 20 or so in comparisson, could be some money here soon everyone.

Ken

note: I have traded this gap two weeks in a row on G/U, E/J and G/J and made some nice pips, but caution for when to enter is important.

No gap in G/U yet price around 1.9688/98
I am currrently short from last week @ 82 am wondering when I should pull the plug if this goes against me.....hmm
You short to monarch
  • #8,027
  • Apr 1, 2007 1:30pm Apr 1, 2007 1:30pm
Quoting rav700
I am currrently short from last week @ 82 am wondering when I should pull the plug if this goes against me.....hmm
You short to monarch
Actually if it has an upward gap at opening, that would mean that it will come back down to fill the gap, but the amount of drawback you allow is solely up to your trading rules.

I do not leave any trades open during the weekend, but will captilize on the move once the candle formation shows the direction.

If we have a 20 pip gap upwards, I would be shorting sometime after that.

If there was a gap down of 20 pips, I would long that.

Ken
  • #8,028
  • Apr 2, 2007 12:58am Apr 2, 2007 12:58am
Mini wave 5 up 1.9720-9740 target range has been hit. The end of subwave 5 up, wave C up, and big wave XX up is possible. Or at least it should be near the end now. Will see further movement.
Tra-X
  • #8,029
  • Apr 2, 2007 9:02am Apr 2, 2007 9:02am
Quoting Traex
Mini wave 5 up 1.9720-9740 target range has been hit. The end of subwave 5 up, wave C up, and big wave XX up is possible. Or at least it should be near the end now. Will see further movement.
hi Traex,

which concept are you talking about? Could you please elaborate on it or is there information in this thread already?
  • #8,030
  • Apr 2, 2007 10:54pm Apr 2, 2007 10:54pm
Quoting tradeigel
hi Traex,

which concept are you talking about? Could you please elaborate on it or is there information in this thread already?
Hi tradeigel,

It's about a theory (not practical!) in harmonic pattern study, called Elliott Wave Principle.
To put it into practice, make your own trading system by managing entries, exits, and stops using the rules/guidelines in this theory. Trade the system (NOT the theory!).
The basics of the theory are here: http://www.forexfactory.com/showthread.php?t=10323

Hope it helps.
Tra-X
  • #8,031
  • Apr 3, 2007 4:20am Apr 3, 2007 4:20am
FridaY IS GOOD FRIDAY, AND how about the NFP ,.... it is still came out at friday ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #8,032
  • Apr 3, 2007 2:49pm Apr 3, 2007 2:49pm
at the end of this week .. i think cable will pass 1.9850 against USD .. and may reach near to 1.9900 at opening next week .. there will be a big gap .. Alert
  • #8,033
  • Apr 3, 2007 8:58pm Apr 3, 2007 8:58pm
I'm going through my time frames on the cable, and i see a head and shoulders pattern on the daily chart....i guess it can go any way now!!!!!!watch out for that
  • #8,034
  • Apr 4, 2007 4:52am Apr 4, 2007 4:52am
Better test 9666 before shooting up.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #8,035
  • Apr 4, 2007 8:57pm Apr 4, 2007 8:57pm
resting limit order 1.9606
  • #8,036
  • Apr 5, 2007 9:55am Apr 5, 2007 9:55am
What an ambiguous/a bit confusing count atm. Guess further movement is needed from cable to clear things out. Tomorrow is NFP (usually a big market mover), so we'll see how it goes. Just my opinion.

Good Friday to everyone who celebrates it.
Attached Image
Tra-X
  • #8,037
  • Apr 17, 2007 3:47am Apr 17, 2007 3:47am
Quoting AussieDino
at the end of this week .. i think cable will pass 1.9850 against USD .. and may reach near to 1.9900 at opening next week .. there will be a big gap .. Alert
it pass the 20000 and if it paused i think it will go down .. other Alert
  • #8,038
  • Apr 19, 2007 10:04am Apr 19, 2007 10:04am
hi guys

Are you purly techical traders or do you use fundamentals aswell?

Thanks

N
  • #8,039
  • May 4, 2007 11:31pm May 4, 2007 11:31pm
Price broke the 2's recently at 2.0110, just 23 pips above the High on September 1992.

Any projections from here?
Attached Image
  • #8,040
  • May 8, 2007 12:50pm May 8, 2007 12:50pm
The British pound today has shown relative stability on a background of landslide falling of the European currency. While participants of the market not up to the end have understood with the reasons of such dynamics EUR. And here GBP support expectations of increase of the interest rate on this Thursday. And some speculators at all do not exclude increase of the rate on 50 items. Last report on inflation has shown the maximal rates of growth CPI for all history of conducting statistics. Inflation in March has made 3.1%y/y. Thus, inflation still has above kept away from target value of Bank Angliii in 2%y/y. Some analysts believe, that there is a chance of that the Bank of England will go on more strict measures and will lift the rate at once on 50 items to bridle inflation in frameworks of a target range by the end of year. If it will occur, pair GBP/USD can fly up in area 2.03-2.05. For now, participants the market do not risk to play against pound. Each of 61 economists interrogated Bloomberg, believes, that the rate will be raised on 25 items.
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