BOE Report — The BOE quarterly report is at 5:30 It may put some life back into cable. The Bank of England (BOE) Inflation Report is a quarterly publication that sets out the detailed economic analysis and inflation projections on which the ...

Daily Cable Analysis

Short term vs long term — There were some interesting comments earlier about this and I agree that it is mainly down to personal preference - coupled with the ammount of time available for trading and account size. If you only have a $10k ...

Daily Cable Analysis

I basically trade trade the European and early US sessions off the 5min and 1 min charts. Whilst I do look at longer time frames, I really only go session by session from around 1am est. With Bernake due to speak at 1:30pm I think cable will trade ...

Daily Cable Analysis

Woops...a couple of typos....9588+120 = 9708 lol

Daily Cable Analysis

Last week the average daily range was 120 pips. Todays Low is 9588 + 130 = 9618. The 5 wave rally had an upper target of 9713. High so far is 9707 at 8:20est. Targets for A of an ABC correction range between 9662 and 9633 based off 9707.

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Nice....the higher low at 2:15est plus momentum divergence etc showed me a buy at 9598, so I've been in and out with buys too. Now there's a double top at 9687, so I'm out of my longs till it clarifies.

Daily Cable Analysis

Point taken about higher time frames, but just looking at the 5m and 1m, I'm trading the move that I'm seeing. I'm now looking at W3 H at 1.9675 and W4 Low at 1.9651. Once this is confirmed by a move above 1.9675 I have projections to 689, 700 or ...

Daily Cable Analysis

Thanks for the chart....I was working with a 100% price projection too. With a 5 wave Elliott move, wouldn't you nomally expect Wave 3 to be the longest, with a minimum of 128% of W1 = 1.9683 or more often 161.8% = 1.9702? Both projections ...

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So far the fall has stopped at the 78.6% retrace of last week's range...also this is on a nice trend-line up from the low on October 15th. The ISM data at 10:00est will help clarify if this support is going to hold.

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ISM Mfg Index 49.3 vs 51.6 expected

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UK Mfg PMI 52.8 vs 51.9 predicted

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100 standard or 1000 standard....just so that I can plan my strategy

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How true, cable hits the 50% retracement more than any other and across multiple time frames. I use it all the time.

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Now IF the UK Consumer Confidence data at 5:30 EST will just push GBP back down again to test its lows I'll be a happy buyer

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Thanks for that Monarch, very interesting and helpful

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I hope that your trading calculations are better than these speed ones - 1 km = 5/8 mile 130 Km/hr = 81 mph & 320 km is the magic 200 mph

Daily Cable Analysis