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[kardoesie]

DAILY ANALYSIS

Yesterday’s S1 area did not hold very long. Cable fell through it and ended with an impressive plunge to the downside closing below critical support. Because we have a close below critical support, head and shoulder pattern has been activated. This is very bearish.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X


DAILY TRADE RECOMMENDATION

Cancel yesterday’s buy order (it was not taken in).

Consider placing a sell order @ 1.60192 with stop @ 1.63915 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS 81pip profit

Cable dropped some more delivering a nice little profit. R1 has moved down to 1.6069 and as long as it holds, bears are thoroughly in control heading for target area. However, we do have a support hurdle at 1.5800 (refer to yellow horizontal lines and highlighted candles causing the hurdle) which could delay the fall a little by causing a bit of a bounce up. The market will tell us when it gets there what it thinks of it.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

DAILY TRADE RECOMMENDATION:

Consider placing a sell order @ 1.59131 with stop @ 1.6071 at open of mkt on Sunday evening. This trade recommendation is valid until Monday evening 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS (33.5pip profit)

Cable rejected the 1.5800(support hurdle) area for the 3rd time (refer to numbering). Third time is always a crucial time; it’s the time that the market normally has to make a decision (is it going to bust through or retreat significantly?)

R1 has moved down to 1.5982. As long as R1 holds, bears will try to retest and bust through the support hurdle area. However, if we get a daily close above R1 tomorrow evening, we can expect bulls to test the bottom of the neckline or even go up as far as 1.6500 area. As long as the 1.6500 area holds, the head and shoulder will remain valid, still giving the bears a chance at the proposed target area.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS (33.5pip profit) « TECHNO4X

TRADE RECOMMENDATION

Consider placing a sell order @ 1.57664 with stop @ 1.5984 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

Cable ended the day with the completion of a possible piercing pattern (refer to yellow highlighted pattern marked #3?) which could be bullish. However, we need a daily close above R1 (which has been adjusted to 1.5992) as confirmation that we are dealing with a piercing pattern. Until then, we are merely dealing with a bounce up in a bearish move giving it a sideways notion (in otherwords, the market is taking a breather after its push down).

As we stated yesterday, this is the third time Cable is rejecting support hurdle area and therefore we can expect a possible big move here (either to the upside or the downside). The possible piercing pattern could make us jump to conclusions and anticipate a move up; however, we’ve been in the business long enough to know that we wait for confirmation (wait for the market to tell us what it’s going to do). NEVER ANTICIPATE THE MARKET!!!!!

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

Yesterday’s order was not taken in and should be deleted. Consider placing a new sell order @ 1.58214 with stop @ 1.59937 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

Cable bulls reached for the neckline today but were stopped by previous critical support (marked with red horizontal line) first mentioned in the daily analysis of Sept 21 and highlighted here in green (marked A). This support has now potentially become resistance with the formation of a shooting star-like candle bouncing off of it (highlighted in green and marked B ). R1 has moved just slightly above this area to 1.61282. If R1 holds, we have a change of polarity making the bearish case stronger and endangering the support hurdle area below.

What's the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

Yesterday's order was not taken in and should be deleted. Consider placing a new sell order @ 1.59414 with stop @ 1.61302 at 5pmEST. This trade recommendation is valid until tomorrow evening 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

Cable has ended the day with a small red candle. This gives a little more power to the shooting star mentioned in yesterday’s analysis and therefore to the bears. However, eventhough the bias is bearish, it has a sideways flavor to it.

If we’re dealing with a change of polarity as we suggested yesterday(refer to red horizontal line with A and B connected to it), then we could expect bears, at the very least, to test the support hurdle at 1.5800 again (refer to yellow horizontal lines). However, for this to take place, R1 has to hold.

It is also important to note that tomorrow is the first Friday of the month which means the non-farm payroll comes out at 8:30amEST and this announcement almost always causes huge swings in the market.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

DAILY RECOMMENDATION:

Move stop to 1.60286. This trade recommendation is valid until tomorrow evening 5pmEST.

Tomorrow is the first Friday of the month and therefore the jobless report. We will check market before 8amEST tomorrow morning for possible exit.

MONTHLY REPORT (420.1 PIP PROFIT):

We ended this month with a 420.10 pip profit. Cable is still trying to get out of the grips of the huge consollidative head and shoulder pattern it’s been in since June but we’ve still managed to squeeze those pips out.

It is our intention to publish an e-book in the next month on how to trade the daily chart. This e-book will be sold for $39.95 and will give the reader a grip on the methodology behind our daily analysis and recommendations.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS (23.50pip profit)

Cable is trapped between previous critical support that has now become resistance at 1.6100 area (horizontal red line) and support hurdle at 1.5800 area (horizontal yellow lines). We got a bounce off of 1.5800 at 1 and 2 and a bounce off of 1.6100 at 3 creating this trap. R1 has moved to 1.5959. We need a break of either area for market to be able to carry on further.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS (23.50pip profit) « TECHNO4X

TRADE RECOMMENDATION:

When market opens this evening place sell order @ 1.58003 with stop @ 1.59610. This recommendation is valid until tomorrow at 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

Still no change to the overall picture. Market still going sideways with bearish bias. Bulls tried to bust through yesterday’s R1 area, but were unsuccessful and market was pulled back below it. R1 has now moved to 1.60262. White highlighted area represents the area that has trapped the market and we need a break above or below for market to run again.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

Cancel yesterday’s sell order which was not taken in. At 5pmEST consider placing new sell order @ 1.58991 with stop @ 1.60282. This recommendation is valid until tomorrow at 5pmEST.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

Nothing has changed for 5 days now. China is celebrating their New Year and their banks have been closed and it’s interesting to note that the market has gone nowhere with their banks closed (makes you wonder!!!!). Anyhow, R1 has moved to 1.60504. That’s the only change. Please refer to previous analyses of previous few days for the full picture.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

At 5pmEST move stop to 1.60524. This recommendation is valid until 5pmEST tomorrow evening.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam

 

[kardoesie]

DAILY ANALYSIS

R1 has moved to 1.59743. As long as this area holds, bias is still slightly bearish although we’re getting more and more sideways bound everyday. Critical support and resistance still holds market captive.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

Stop remains as is until 5pmEST tomorrow evening.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam