Hi " L " I agree with you 125 % on divergence. Over rated big time I hardly ever use it. The Postive reversal sounds very interesting. One thing I would like to point out after reading your post is the lack of Volume in the market at this time to be ...

Daily Cable Analysis

ok closed my shorts, no need to be greedy and I do no like the way it is sitting on the daily support line

Daily Cable Analysis

Well hope u feel better. I am still holding short......We have a flat forming on the hourly chart. Wave A 1/9 High ( 3 waves up ). Looking for 3waves down to the low 3's. Then a 5 wave up. At least thats what I am seeing.

Daily Cable Analysis

350 has some support that needs to be broken. A low coming down and a high going up on the hourly chart.

Daily Cable Analysis

hey Monarch were u been ?

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yes I have been short since 412, called it earlier I closed one 1/2 lot after the GBP News. 2 More still open. Look back at my post

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hold your shorts look for 320 - 310 maybe lower

Daily Cable Analysis

430 is not out of the question before a down move.

Daily Cable Analysis

it also as hit the daily pivot and the 61.8 fib level of the previous move. Lot of resistance to break. A flat can still form unless it breaks the 410

Daily Cable Analysis

yea the time cycle works well. every 15 mins or so. I agree.

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Sorry I use the hourly to count for sub waves such as triangles and flats which Cable is good for.

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Yes on the weekly and wave 5 on the monthly.

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this is on the hourly chart.

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flat — He is a thought. If this is wave 4 of the current down move this could very well be forming a flat. Which is 3 waves Up, 3 Waves down ( we are in ) and 5 waves up. A 50 % retracement on this wave brings it to 400 and then down.

Daily Cable Analysis

This is true I do what I see. I was long during the Franky open and made 10 pips then went short at 340 and 326. But right know u have a double tweezer this move could be done. Just a thought

Daily Cable Analysis

I took profit at 388 from 440. This move was way to long and boring. It should hit 360 since you have a southern doji that just formed on the hourly. but you may hit 410 - 415 again. So do u think we are in wave 4 of this downward move or in the ...

Daily Cable Analysis

Yes and cable is know for this it will range trade for months. Some folks say that it will go down to ones on this move. I think the low has been set 9260 for the time being. 485 and then down to 320 and then up.

Daily Cable Analysis

This is true especially at this this time. Only due to Frank & Lon opens. But it is still in a conslidation channel and will most likely break one way and then go the other.

Daily Cable Analysis

so how long have u been using Alex's guppy system ? I did not know he was still around.

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Not only is it forming a double top the 1/5 on high and 1/9 high. But it has also formed a Cup and is now in the process of forming a handle to the cup. Also in a very tight upward channel. And is still right under its 38.2 retracement on the hourly ...

Daily Cable Analysis