Daily Cable Analysis

WOW, what can I say, your signal at 1.6517 was right on, small drawdown, I set the target for 1.6528 as your message said and it closed very fast. Is this what you are talking about, the market openes bullish and closes the same?

I got 10 pips on both signals you sent. thanks, I can go to sleep now.

This pair is topping out here at 1.4297 area, testing the last high from five 4 hour charts, I took short at 94 for a small target

Well I hope you sleep well, good to hear you listened for once. ')

Great job on your profits, keep up the good work.

Cheers friend

Not sure if this run past the 97 high is a stop run, or a real bull run.

I am going to rest myself, past midnuight now, and all traded out.

The Short Eu is in, so whatever comes of it, let it be.

No stops placed, just helpers along the way.

Good trading to everyone.

Cheers

Another good scalp, risk it all, no fear, and win those pips.

Just trade what you see, or in my case, trade the opposite of where it is going and make money.

NICE to get back some of what it took from us in our newbie stage of FOREX.

No more giving, all take now. LOL

I have limit orders higher for both EU and GU, I will check in tomorrow in ASIA, if they hit, then we will hit pay dirt on my shorts.

Manufacturing PMI and Services PMI up from lows

official rate still very low (like others)

cpi at min

cbi recovered

gdp will be good

imo cable over 1.66

but a retracement

Looks like the London session sold off nicely on both GU and EU.

Back in Asia range for GU and EU is tyring to reach into that zone.

3 minutes for a good move either way here at 10am EST.

Looks like Monarch was busy here last night, taking our pips from us. LOL

NorthSea trader, good to have you, the info you provided would seem to bring GU upwards, can you post some chart also?

N2FX, you're cheating again - LOL, quit taking all those easy trades Monarch sends to us, and try one on your own today.

Talk to you all later, no trades till later.

Bottom scalping, took a long when price hit the last low at 1.4182, get a few pips from the reaction, and get out, wait again for another.

Sorry said no trades till later, but those are no brainer 6 pips easy almost always, especially at that time in itself, alway a good move then pullbacks, with a possible stronger move coming upwards.

Are you only trading ultra short time frames?

Big long still intact at 1.7323
big short at 1.5833

I actually look at the 5 and 15 min mostly, with an eye on some key levels.

I have looked at smaller time frames, but really no need for them.

I watch for bounce on supp/res most of the time and find myself trading reversal for scalps, and pullback type for long term.

so you take your trades at these levels? or do you trade to these levels?

I am thinking EU up a bit here to the last low 1.4182/83

I am setting in longs now for these two pairs, not a big target.

I will set and leave exit and limit orders till Asia.

I am heading out now, see if we get a 10/20 pip move up on each pair.

See you all in ASIA

Have a great day!!!

Okay, GU +10 exit another 10 pip trade, up 20 for this hour, EU fighting Long still, only looking for 10 on that pair, will update later.

Making a afternoon check of charts, EU missed my exit by 1 pip, range pretty tight on both EU and GU.

Will be back, have a dentist appointment.

Go up EU, go UP

EU hit a support from 7-23-09, I was expecting some upward movement here to ASIA.

Will have to let it play out, some trades are easy, and some are not so easy.

The key I have learned is trying to capitilize on the most realistic bounce area, and if you have a good support or resistance then you should be able to lock in some pips.

I have seen supp/res blow through also, and those will have you hanging on for some time, but with a game plan, every trade can be managed, as long as you don't let it margin your account.

Patience is a very important factor, you need to wait for the right entry, and sometimes you have to wait for the exit, I would say 1/2 of my trades pay out quickly, while the other 1/2 usually have me holding longer then I wanted, but I never get stressed about a bad trade, I just do my best to figure a way out of the hole.

I expect the EU to tap the 1.4196 area and the GU up to 1.6452

This may happen pre Asia, or even in Asia

My EU target is 1.4185 which means I need a move to 1.4187 to clear profits

Looks like another test of your support level coming

First hour of Asia

Buy More

1.6389 break target 6304?????