anyone trading cable 2013 - lets roll

[cablemonster]

short cable 1.6059 tight stop.

looking to get stop to b/e quickly on this one.

 

[cablemonster]

stop moved to +0.1 pips

 

[cablemonster]

next Support @ 1.6033 (yesterday's NY afternoon high)

 

[bbmac]

the 1hr below is what I see in terms of potential supp/rbs factors. That prev 1hr/4hr swing hi zone and daily R1 at current daily hi re the short.

G/L with the short trade - hope it continues for ya!

 

[cablemonster]

price reached to 34's 1 pip short of the next reported support level. Draghi opens his mouth and stopped out for +0.1 pips.

 

[bbmac]

price reached to 34's 1 pip short of the next reported support level. Draghi opens his mouth and stopped out for +0.1 pips.

yeh good trigger candle on 1min close at 1342 bit no set-up but a good bullish seq div set-up on 3min and trigger close at 1345 (bullish thrust) for the long on back of it.

bad luck on the short - no harm done though.

G/L

 

[cablemonster]

institutions now bullish on cable and looking to buy dips

 

[cablemonster]

as an aside check out this options power play.

 

[cablemonster]

well defended

 

[cablemonster]

long here 1.6126.4 for a tonne of reasons. 20 pip stop, target is north side of daily bollingers.

 

[cablemonster]

my target he is 1.6275, next stop 1.6182 session highs (hopefully). the monster needs feeding

 

[cablemonster]

wow it went off like a rocket. stop moved to +0.1pips. one of the reasons my bias was long is that yesterday saw the biggest volume day for cable this year and a lot of institutions loaded up long.

 

[bbmac]

nice trade !! - looked ' accumulative ' re 3min and 5min channel off the low and potential support there the 2 x fibs, daily pivot, 200sma on 4hr and of course 1st 1/2 of the prev 1hr sw lo/hi zone (non immed) and various bulish div based divergence plays to 10min...nice work !!

G/L

 

[cablemonster]

nice trade !! - looked ' accumulative ' re 3min and 5min channel off the low and potential support there the 2 x fibs, daily pivot, 200sma on 4hr and of course 1st 1/2 of the prev 1hr sw lo/hi zone (non immed) and various bulish div based divergence plays to 10min...nice work !!

G/L

yeah there was a tonne of technical confluence there mate. I have never understood why traders target fib levels BUT I know the institutions use them and that 38.2 retrace was gold. if participants use them then that's all I want to know. clearly got a bounce of the session high, I am staying in as I look for the cricket score, hope it's not another scratch.

 

[cablemonster]

technical analysis + order flow analysis + solid money management = liquid gold.

 

[cablemonster]

1.6175 option expiry NY 1500 cut

 

[cablemonster]

middle eastern names reported on the offer 80s 85s

 

[bbmac]

yeh classic fib plays sometimes - another eg- took a bounce back down at 85.4% 6179-6105 also 1st 1/2 prev 1hr/4hr swing hi zone....and then found support at 50% of 6105- that 85.4% fib mentioned which is at 6170.

2min below shows the hidden div play at that 50% 6105-6170 (present 3min also)

G/L with holding for your target - hope you are lucky on such a great entry !!

G/L

 

[bbmac]

Descending 4hr t/line around the last hi

G/L

 

[cablemonster]

boy that is fugly. out for +0.1. will look for another entry @6120 if it looks good.