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Attachments: Daily Cable Analysis
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Daily Cable Analysis

  • #8,381
  • Jul 30, 2009 8:48pm Jul 30, 2009 8:48pm
Looking for a test of todays high at 1.4095, so I have exits set for 98 level, just above that area.
TheCableGuy
  • #8,382
  • Jul 30, 2009 9:01pm Jul 30, 2009 9:01pm
Looking at the bigger picture on EU, the High started at 1.4304 and has dropped to a low at 1.4007.

The 38.2 fib level is at 1.4120 (right where we are now)
then we have 50% at 1.4156 and 61.8 at 1.4191.

I have another short limit set at 1.4185 level that will be the bigger help position, if we get a spike to that level it will be as expected when looking at fibo retracements.

Always be prepared for a trade to lose, and know how to either stop or trade out of it.

I am leaving my short entries in for a dip now, or later.
TheCableGuy
  • #8,383
  • Jul 30, 2009 9:14pm Jul 30, 2009 9:14pm
There is the 1.4129 tap that was expected.

Just relaxing and watching, trades are in, just have to wait for it to stall and fall, or rise higher.

GU is back at the top of daily high, it may want to test higher, I see a target area of 1.6550 if it breaks??
TheCableGuy
  • #8,384
  • Jul 30, 2009 9:21pm Jul 30, 2009 9:21pm
The price keeps coming to that high, I am looking for a punch through higher here soon.
TheCableGuy
  • #8,385
  • Jul 30, 2009 9:35pm Jul 30, 2009 9:35pm
Price dipped and rebounded quickly, now looking for a 20 pip break above, I will be long when it shows me when
TheCableGuy
  • #8,386
  • Jul 30, 2009 9:36pm Jul 30, 2009 9:36pm
Once again, EU takes north, and GU sits at top of daily, I really expect this GU to shoot up soon.
TheCableGuy
  • #8,387
  • Jul 30, 2009 9:47pm Jul 30, 2009 9:47pm
Be out of town for rest of the evening

Trades area all set and limit orders are in.
TheCableGuy
  • #8,388
  • Jul 31, 2009 9:00am Jul 31, 2009 9:00am
I left all my orders and limit orders in while I was out of town during the evening.

Here is the summary of those trades:

EU Short 1.4090 Exit 1.4090 = 0 Pips
EU Short 1.4101 Exit 1.4090 = +12 Pips
EU Short 1.4115 Exit 1.4090 = +25 Pips

GU Short 1.6522 Exit 1.6512 = +10 Pips
GU LONG 1.6525 Exit 1.6545 = +20 Pips @ 2 Lots + +40 Pips

Total for Asia session trades = +87 pips (5 Trades - No Losses)

A great week.

No Trades today, will relax and just keep my pips, even though I had a short GU signal at 1.6535 about 15 minutes ago.

Have a Great Weekend
TheCableGuy
  • #8,389
  • Edited 6:04pm Jul 31, 2009 5:52pm | Edited 6:04pm
Quoting TheCableGuy
So far in that time span I am over 2,364 pips profit after all spread and losses.

Thank you Monarch for your patience and calls, they have helped me along the way, and we have yet to hit the trade area of projection for the bigger picture, this is going to be a good 2009 in Forex/


After 79 calander days (57 trading days) 2,538 pips profit after all spread and losses.

172 wins
26 losses

This is my primary account.
I have gained nice pips on my secondary account also
TheCableGuy
  • #8,390
  • Aug 2, 2009 11:09am Aug 2, 2009 11:09am
Quoting TheCableGuy
No Trades today, will relax and just keep my pips, even though I had a short GU signal at 1.6535 about 15 minutes ago.
hi,
i'm new to this forum,

have you still keep your short?! adding on it or cut out with loss?!

tnx for your kindly advise
  • #8,391
  • Aug 2, 2009 11:58am Aug 2, 2009 11:58am
As a follow up of the posting I made back in July 26th.

Here is now my updated analysis of cable, for both the daily chart and weekly chart. I am now going longer term.

I use LINE Charts, but in the next posting I will post candle charts, for your conveneince.

I have annotated my charts, please let me know what you think.

Best regards,

PAPION
Attached Image(s) (click to enlarge)
Click to Enlarge Name: basci analysis cable daily line chart 2 aug 2009.jpg Size: 154 KB
Click to Enlarge Name: basci analysis cable weekly line chart 2 aug 2009.jpg Size: 151 KB
An ocean of boundlesness......
  • #8,392
  • Aug 2, 2009 12:03pm Aug 2, 2009 12:03pm
I am attaching my daily candle chart, as I mentioned in my previous posting.

I have also highlighted a potential re-test area. Even if price re-tests the area I have highlighted, the up trend would still be in place.

My two cents

PAPION
Attached Image (click to enlarge)
Click to Enlarge Name: basci analysis cable daily candle chart 2 aug 2009.jpg Size: 163 KB
An ocean of boundlesness......
  • #8,393
  • Aug 2, 2009 2:03pm Aug 2, 2009 2:03pm
This is usually as low as I go (as far as time frames are concerned).

This is in additon to the weekly and daily charts I recently posted here.

PAPION
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 4 hour line 2 aug 2009.jpg Size: 118 KB
Click to Enlarge Name: cable 4 hour candle 2 aug 2009.jpg Size: 126 KB
An ocean of boundlesness......
  • #8,394
  • Aug 2, 2009 6:31pm Aug 2, 2009 6:31pm
There was a very nice move there, I took a quick 2 lot SHORT at 1.4284 at the close of the last 5 min candle, I cleared 7 pips profit on both lots, and exited, should have longed at that time, but was not ready for that entry.

Will watch for next point to quick short.

Risk, yes, profits - always.
TheCableGuy
  • #8,395
  • Aug 2, 2009 6:32pm Aug 2, 2009 6:32pm
I will look over your charts you posted, thanks for the updates.
TheCableGuy
  • #8,396
  • Aug 2, 2009 6:37pm Aug 2, 2009 6:37pm
Quoting reza_oscar
hi,
i'm new to this forum

have you still keep your short?! adding on it or cut out with loss?!

tnx for your kindly advise
It is good to have you on the thread.

I have no shorts on EU or GU as of now, I will not short GU for long term until we get over 1.7 level, and at that point, I have staggered points of entry for what could take us anywhere in the 1.7 range.

I am seriously looking for 1.7149 to hit hard on lots, but since I stagger entry, I may start with smaller lots to bigger as I see it rise and tap my points of interest.

If I were short GU now, I would not take another short till 1.69 area and then only to make 100 pips on that trade while it makes it high levels.

I am scalping only today in ASIA, long term trades short will commence hopefully this week, but probably in mid to late August.
TheCableGuy
  • #8,397
  • Aug 2, 2009 6:39pm Aug 2, 2009 6:39pm
Looking now at the high level set back on 7-28 at 1.4303 area.

Shorts getting ready, but only for 6-10 pip pops for now.

GU showing some stall here, but could be temporary, I see 1.6800 ahead
TheCableGuy
  • #8,398
  • Aug 2, 2009 6:43pm Aug 2, 2009 6:43pm
Recent high was at 1.6742 from June 30th, we just spiked through that high.

If we hit 1.6800, we could go all the way to 1.6830.
TheCableGuy
  • #8,399
  • Aug 2, 2009 6:53pm Aug 2, 2009 6:53pm
Okay EU at 1.4000, so I will do a 1 lot short here, but it could easily push higher if we see GU take off.

Risk not too bad, profits - always.
TheCableGuy
  • #8,400
  • Aug 2, 2009 7:03pm Aug 2, 2009 7:03pm
Quoting TheCableGuy
Okay EU at 1.4000, so I will do a 1 lot short here, but it could easily push higher if we see GU take off.

Risk not too bad, profits - always.
Well, that was one of those boring trades. lol

Was a little drawdown, but cleared +15 pips on the drop.

So 2 trades EU (2 lots @ 7 pips) and (1 lot @ 15 pips).
Total 30 pips in less then 30 minutes of basic bounce reversal trades.
TheCableGuy
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