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Daily Cable Analysis

  • #2,161
  • Jan 17, 2007 6:51am Jan 17, 2007 6:51am
let them be bulish, im long term bulish on eur & gbp, till may, as long as 1.955 & 1.2820 holds & as long as the never ending war is not over.
its just money
  • #2,162
  • Jan 17, 2007 7:01am Jan 17, 2007 7:01am
my oppinion is that the news will complete the H&S formed on 1h.
So my target will be 1.9600
  • #2,163
  • Jan 17, 2007 7:08am Jan 17, 2007 7:08am
Quoting sebytim
my oppinion is that the news will complete the H&S formed on 1h.
So my target will be 1.9600
yes i am agree with you
my target will be 9555
  • #2,164
  • Jan 17, 2007 7:13am Jan 17, 2007 7:13am
Now, It got confusing for good...

If news is to spike up there's 9666 / 9680 / 9705 resistances to break. A 50-60 pip spike just to reach 9705. Another 10-20 pips would be necessary to cut loose from here...

On the downside, 9622 / 9606 to support...

No wonder if we see huge panic / zero pips move...
  • #2,165
  • Jan 17, 2007 7:29am Jan 17, 2007 7:29am
Good morning Everyone,

The 1.9454 to 1.9705 "short" Fib on the 1 hour appears to be a relevant Fib from yesterday and overnight. The price retraced to and pierced the 38.2% line and has since bounced north above the 23.6% line. Over the past 6 hours we have seen a few shooting stars and currently the 1 hour candle, although not locked, is forming a hanging man. Cesarnc, some other traders and myself have noticed a particular phenomenon with the GPB/USD where it will retrace to the 38.2% line, then bounce up past the 23.6% line such as this then head on down to the lower Fib lines, with a bias to the 61.8% line. I am not saying that this will be the case this time, but I am wondering if you have noticed this too?
  • #2,166
  • Jan 17, 2007 7:36am Jan 17, 2007 7:36am
Good morning wpbsyn,

No I haven't. I'm also running this "short" fib here, from 9486 to 9705. If this is the case, 61.8% fib would be around 9570s, is that correct?

Quoting wpbsyn
Good morning Everyone,

The 1.9454 to 1.9705 "short" Fib on the 1 hour appears to be a relevant Fib from yesterday and overnight. The price retraced to and pierced the 38.2% line and has since bounced north above the 23.6% line. Over the past 6 hours we have seen a few shooting stars and currently the 1 hour candle, although not locked, is forming a hanging man. Cesarnc, some other traders and myself have noticed a particular phenomenon with the GPB/USD where it will retrace to the 38.2% line, then bounce up past the 23.6% line such as this then head on down to the lower Fib lines, with a bias to the 61.8% line. I am not saying that this will be the case this time, but I am wondering if you have noticed this too?
  • #2,167
  • Jan 17, 2007 7:37am Jan 17, 2007 7:37am
Quoting cesarnc
No wonder if we see huge panic / zero pips move...
There you have it... Alright, back to freakign "clueless" one more time... Hope JPY interest rate to put an end on it tomorrow... GEEZ!!!!
  • #2,168
  • Jan 17, 2007 7:42am Jan 17, 2007 7:42am
perhaps a drop to 39?
  • #2,169
  • Jan 17, 2007 7:44am Jan 17, 2007 7:44am
Quoting 59fender
perhaps a drop to 39?
9639 would be considered SELL OFF in this market right now
  • #2,170
  • Jan 17, 2007 7:44am Jan 17, 2007 7:44am
My woman's intuition tells me this thing will go down from here for a while, my technical analysis says it doesn't have a clue~! I for one, hope that my intuition is in good working order today.
  • #2,171
  • Jan 17, 2007 7:46am Jan 17, 2007 7:46am
Quoting cesarnc
Good morning wpbsyn,

No I haven't. I'm also running this "short" fib here, from 9486 to 9705. If this is the case, 61.8% fib would be around 9570s, is that correct?
The 61.8% line on this 1 hour Fib from 1.9454 to 1.9705 is 1.9550. Do you have your 9486 to 9705 Fib on the 1 hour and if so, can you give me the specific candle that you are starting with at 9486? I had asked you about platforms yesteday, I am using GFT also.
  • #2,172
  • Jan 17, 2007 7:49am Jan 17, 2007 7:49am
The price just hit the 78.6% line on the 1.9705 to 1.9589 Fib on the 30 min chart.
  • #2,173
  • Jan 17, 2007 7:52am Jan 17, 2007 7:52am
Quoting wpbsyn
The 61.8% line on this 1 hour Fib from 1.9454 to 1.9705 is 1.9550. Do you have your 9486 to 9705 Fib on the 1 hour and if so, can you give me the specific candle that you are starting with at 9486? I had asked you about platforms yesteday, I am using GFT also.
I'm using Jan 12 13:00 GMT. Open 9486... 9622 and 9696 fib acted accordingly, but we failed breaking 9606 down, as Monarch was pointing as an important milestone to resume downwards.

I could have used Jan 11 12:00 GMT, but the movements until the day after looks retracement from this spike up...

Now, what do you see from this actual 9675? I am being drained of my bearish-week sentiment here... Turning to "get out of the desk and have a beer untill Monday" sentiment... Frustrating...
  • #2,174
  • Jan 17, 2007 7:52am Jan 17, 2007 7:52am
short @76
  • #2,175
  • Jan 17, 2007 7:55am Jan 17, 2007 7:55am
Watching the market yesterday and today reminds me of watching a drunk try to walk down the street.
  • #2,176
  • Jan 17, 2007 7:57am Jan 17, 2007 7:57am
Quoting moonchild
Watching the market yesterday and today reminds me of watching a drunk try to walk down the street.

It reminds me of the movie "Groundhog Day."
  • #2,177
  • Jan 17, 2007 7:58am Jan 17, 2007 7:58am
Quoting 59fender
short @76
What is your SL? I'm looking for a window here to jump in... at least to catch retracement...

News in 2 min...
  • #2,178
  • Jan 17, 2007 7:59am Jan 17, 2007 7:59am
Quoting dawnrenee2000
My woman's intuition tells me this thing will go down from here for a while, my technical analysis says it doesn't have a clue~! I for one, hope that my intuition is in good working order today.
Trade what you see, not what your intution tells ya . I know... i know... i don't see anything either
"Anything in life worth having, doesn't come easy."
  • #2,179
  • Jan 17, 2007 8:02am Jan 17, 2007 8:02am
Quoting cesarnc
I'm using Jan 12 13:00 GMT. Open 9486... 9622 and 9696 fib acted accordingly, but we failed breaking 9606 down, as Monarch was pointing as an important milestone to resume downwards.

I could have used Jan 11 12:00 GMT, but the movements until the day after looks retracement from this spike up...

Now, what do you see from this actual 9675? I am being drained of my bearish-week sentiment here... Turning to "get out of the desk and have a beer untill Monday" sentiment... Frustrating...
I thought that was the candle that you were using, I have just never seen anyone draw Fibs off of the open of a candle. Have you seen good results with that or do you do it often? I'm just curious. I always use swing lows or swing highs, even if it is a "short" Fib.

As I am typing this the 78.6% line of the 9705 to 9589 was just pierced by 10 pips. I will wait until this candle locks because many times that last rush can be the tail of a shooting star.
  • #2,180
  • Jan 17, 2007 8:03am Jan 17, 2007 8:03am
Quoting cesarnc
What is your SL? I'm looking for a window here to jump in... at least to catch retracement...

News in 2 min...
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