The "LONG" Cable ride

Good evening ladies and gentlemen

I hope you had a wonderful and profitable day in the market. I am sure it was mechanical and your emotions were as non existent as hot English summer!?!?

So lets see what our girl, the Cable did today. If you were shorting from yesterday you would have probably tightened your stops at some point this morning if you hadn't got stopped out already. Yesterday's bar on the daily retraced slightly from a hanging man to a spinning top and today's bar looks like finishing on a possible doji. What are the other indicators saying? Stochastics is well OB and the signal lines have crossed over but is MACD following the price or giving the same signal at Stochastics? I will leave it for you to decide.

Below is the 4 hour chart and shows a perfect opportunity to go take the "Long" Cable ride if you chose to take it. She has been on a steady rise from 12pm on the 30th of March after the appearance of a reversal candlestick and eventually ran out of steam at the RN. Those of you who took the "Short" cable ride from yesterday would have spotted the SM setup on the smaller time frames at this RN making a healthy profit before being stopped out last night or this morning.

Now, from today, can you see

1. The R turned S line?

2. The fib breather level?

3. What did RSI and Stochastics signal?

If you had seen the above confluences and purchased your SM ticket, with careful management you would be singing to the tune of a possible 100 to 150 pips.

Yeah I was having a great weekend Rich until Man Utd won on Sunday!! I have been to Delta Force in Hertfordshire. It was fantastic mate! Did they have the course with the helicopter and you got to protect your squadron leader and at the same time get the flag on the enemy side? It's amazing how tactical and serious you take it! I reckon we should do a DT Team trip!?

Man spot on with your answer!! I guess that riddle was meant to remind you of the people who you should have around you! Sometimes you know you have the ability and the desire to go for something but just need a little positive push along the way! I guess it reminds me of my cousin and how he got me into trading!!

Your riddle is simple but oh so relevant to trading! Good choice sir! Practise makes perfect!

My riddle for today is "My ____ is in the future because I am going to spend the rest of my ____ there!"

Till Tomorrow

Abundance is your Birth Right

Zaheer Anwari