Comments on: Cable holding up well so far

By: lilac

lilac — Tue, 14 Jul 2009 18:55:45 +0000

Yeh well, mcmullet’s deffo off the menu tonight.

By: gerry davies

gerry davies — Tue, 14 Jul 2009 18:14:45 +0000

nothing, and i mean NOTHING, beats sausage egg mcmuffin

By: lilac

lilac — Tue, 14 Jul 2009 18:03:14 +0000

Ooops.
Did I mention that the maccie Ds have crossed down now?

By: saferanger

saferanger — Tue, 14 Jul 2009 16:41:31 +0000

Enjoy it, Marathon-man ; )

By: Blackday

Blackday — Tue, 14 Jul 2009 16:23:49 +0000

Well I’m doin’ a runner … see you tomoorow

By: lilac

lilac — Tue, 14 Jul 2009 16:04:56 +0000

Told you the hourly was doin’ a Carlsberg …

By: Blackday

Blackday — Tue, 14 Jul 2009 15:56:26 +0000

You add up all the indicators and what do we get? A bounce …. but of course that’s Cable for you.

By: saferanger

saferanger — Tue, 14 Jul 2009 15:41:57 +0000

Cheers, Blacky…I had put in a stop at 1.6270 for half the lot and got hit…can live with that for now…if I have to reload shorts, it will be above 1.64…but that´s for tomorrow…

By: lilac

lilac — Tue, 14 Jul 2009 15:21:32 +0000

PS My hourly MACD looked like it wanted to cross down, but it seems to have changed its mind now :S
And the histo’s still on a weeny green dot.

By: lilac

lilac — Tue, 14 Jul 2009 15:19:21 +0000

Does it have a cut-out for the nose?

By: Blackday

Blackday — Tue, 14 Jul 2009 15:16:27 +0000

ADX now -ve, safe. MACD x-over down and histo below zero. Things are looking up … erm, I mean down … I mean up if you’re short .. errr anyway, if I trade Cable what I most like to see it that price immediately scampers from my entry point putting me into the black giving me breathing space otherwise I’m just like some crazed asthmatic after running a marathon. In the event of it ever moving against me, an oxygen mask automatically drops from the ceiling.

By: saferanger

saferanger — Tue, 14 Jul 2009 14:31:40 +0000

If we don´t break below 1.6270 soon I might close parts and lock in small profits…there seems to quite some buying interest there…

By: Blackday

Blackday — Tue, 14 Jul 2009 13:01:00 +0000

Maybe wait until tomorrow seeing that you’ve reminded me of the FOMC. Jump into short USDJPY instead for now …

By: Millward

Millward — Tue, 14 Jul 2009 12:39:30 +0000

Blackday……….I have 6400 Big level……plenty of short-covering just above….I don’t know what the volume has been like in the euro/sess, but, now is’nt a bad time to offload some intra-long’s before tommorrow FOMC…..and if after a solid trending day on yesterday from the street, I’m not expecting much before then.

Maybe a good trailing stop to the downside is in order? CAN’T KNOW FOR SURE.

By: Blackday

Blackday — Tue, 14 Jul 2009 12:29:11 +0000

I’m with you there Millward, as divergence has generally lead the way forward lately. The hourly chart for both the shorter and longer term MA’s still support price above here but ADX is dropping, +DI is falling back and -DI is rising. MACD div. says hold off buying here and RSI is close to O/B. From all that it says to me to buy a dip rather than anything else. It’s not really clear here so I’ll hang on this one.

By: Millward

Millward — Tue, 14 Jul 2009 12:14:58 +0000

Plenty of Bear-Div on 1hr , IF break above 6400 in wall street and retest on 15-5 m will keep rising, IF not, any 1 hr 3 bar break ( LL/LH) or clear breakdown previous 4 bar, and wall street range to slide , it’s a short all day……..that ’s my intra plan today.

I thought I’d throw my 2 bob in.

By: Blackday

Blackday — Tue, 14 Jul 2009 12:09:01 +0000

Possibly a bearish Gartley setup

By: lilac

lilac — Tue, 14 Jul 2009 11:53:41 +0000

Not at all sure about the technicals, but if you take the start of the lower range, i.e. 1.6430 on 3 July, and draw lines top and bottom, the range could be working itself into a wedgy thing?

By: lilac

lilac — Tue, 14 Jul 2009 11:46:40 +0000

The formation on cable.

By: Blackday

Blackday — Tue, 14 Jul 2009 11:45:13 +0000

W … Is this the DJIA?