Margin call.

Daily Cable Analysis

We haven't even hit cable's average daily range yet and New York still hasn't had its say. On days like this it's not unusual to see a 250 pip move. You can't fight the trend on a day like today.

Daily Cable Analysis

I can't see any upper trend line at that level on the 4H charts. Care to post a chart or explain? To me this looks like 19 December all over again with people trying to call a top all the way up but it just keeps pushing through resistance levels. ...

Daily Cable Analysis

Waiting for confirmation is the key. Never ever fight a move like this - it's like trying to catch a firework on the way up. It does look like a blow off top but it could go all the way to 2.0 before finally finding sellers. American traders are ...

Daily Cable Analysis

There was no news. It's fairly common for breakouts to occur at this time of day for no apparent reason. Someone somewhere is a strong buyer and stops are being hit. Think of all those stops lined up above 1.985...

Daily Cable Analysis

Here's a reminder what happened on 19 December... Check out the Cable Update thread for who was right and who was wrong... :

Daily Cable Analysis

The last time we had a move like this in the Frankfurt session cable went up by about 200 pips. I hate it when people come on forums to cheerlead the market one way or the other so I'm not doing that but this is the sort of day when you can throw ...

Daily Cable Analysis

I've stayed a few times in Manila. It's a city of contrasts. I loved the Jeepneys with their crazy designs on the outside but the Virgin Mary statuette on the inside. And then there's the cheap and cheerful open air markets which contrast with the ...

Daily Cable Analysis

The support line of the pitchfork is currently at 1.96 so if that holds then yes it's an opposing scenario for the downwards move. But if the pitchfork support line gets broken we could move down quickly.

Daily Cable Analysis

You may be right because in the past I've noticed that London follows New York's reaction to the Beige Book. New York clearly thought it was good for the dollar so when London wakes up they could push it lower.

Daily Cable Analysis

Looks clearer on the hourlies. I see your point but the theory is that the median line will be tested 80% of the time - which what we're seeing right now. From here it could go down to the lower line or up to the upper line.

Daily Cable Analysis

Thanks for that ghitz. The CBOT website is an excellent resource for traders. What pivots would you use to draw a pitchfork on the current cable charts? With the ones I drew the upper line has already been broken.

Daily Cable Analysis

The 4 hour chart is looking bullish. We've broken the downtrend line and we're closing near the top of an upward sloping triangle. Given how close we are to 1.9755 you would expect that level to break and take us all the way to 1.9850. MACD has ...

Daily Cable Analysis

MM, full respect to you but if you look at the first post in this thread it was started to be a little bit different from other threads. Now it's quickly turning into just another thread where people come to chat. Monarch looks like he's given up on ...

Daily Cable Analysis

There is a hell of a lot of crap in this thread like "short @ 967" or "what's cet in est?" or "how high will cable go today?" Posts like that are just a total waste of everyone's time. If you don't have something worthwhile to post, don't post ...

Daily Cable Analysis

Cable strengthened before today's weak UK numbers and went down immediately after. What happened to those "in the know" today? You see the things you want to see...

Tech Analysis of News Leaks

Unless we're seeking a fakeout, it's all looking very bullish for GBP/USD at the moment. Momentum studies have turned bullish and the downtrend line has been penetrated. This all in spite of strong USD data. 1.9750 is strong resistance though.

Daily Cable Analysis

I wish people would just google simple things like time zones instead of wasting everyone's time on this thread... Anyway, as far as cable is concerned, looking at the most basic analysis we're still in a downtrend because today we saw a lower high. ...

Daily Cable Analysis

All the Fibs of the recent down move were taken out except 76.4 and this looks to have held and finally the down move looks to be resuming.

Daily Cable Analysis

I see your point. Looking closely at the hourly chart the 1.9508 Fib level you mention looks a more likely target in the shorter term but we've already seen a 3 wave up move so a deeper decline looks likely in the medium term as long as the down ...

Daily Cable Analysis