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Daily Cable Analysis

  • #2,181
  • Jan 17, 2007 6:09am Jan 17, 2007 6:09am
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...
come on in the waters fine
  • #2,182
  • Jan 17, 2007 6:11am Jan 17, 2007 6:11am
Quoting wpbsyn
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.
Well... news coming up in 5 min again... Good for testing this 78 fib at 9677...

starting a Low Jan 12 13GMT sounds like a better call... I just don't work with fibs at the pip. So most of the time open / close and high/low generates 10pip difference in fibs... 10 pips in Cable I see as "steady" - with our 4 pips spread, even more... Only when highs or lows like yesterday 9705 forms a huge spike that I play with ...

I'm not seeing puch to reach 9705 today... But it will be good to see another assault in the area as to fail once again and kepping us withing the channel from 9800s...
  • #2,183
  • Jan 17, 2007 6:17am Jan 17, 2007 6:17am
close that trade 13 pips
  • #2,184
  • Jan 17, 2007 6:21am Jan 17, 2007 6:21am
Daily High/Low (as now...)
High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET

Fibo players.... go....
  • #2,185
  • Jan 17, 2007 6:22am Jan 17, 2007 6:22am
The same Fib that I mentioned earlier, 1.9705 to 1.9589, can also be drawn on the 15 min. The reason that I bring it up is because we did have a lock on that candle and it did turn out of be a very nice shooting star. The tail did pierce the 78.6% line of this Fib by 10 pips. The current 15 min candle is confirming, but 10 minutes until it locks. I'm still looking for other pieces of this puzzle for the bigger picture
.
  • #2,186
  • Jan 17, 2007 6:24am Jan 17, 2007 6:24am
Quoting dswk
Daily High/Low (as now...)
High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET

Fibo players.... go....
High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET

38 - 9657 - reached
50 - 9647 - touched during the news panic - valid?
78 - 9622 - long time no see...

Is that correct? PLease advice.
  • #2,187
  • Jan 17, 2007 6:25am Jan 17, 2007 6:25am
I managed 30 pips on that entire exchange - minus 6 pips for commission
  • #2,188
  • Jan 17, 2007 6:25am Jan 17, 2007 6:25am
WHATS A BOJ?????????????????anybody?
  • #2,189
  • Jan 17, 2007 6:29am Jan 17, 2007 6:29am
bank of japan
  • #2,190
  • Jan 17, 2007 6:30am Jan 17, 2007 6:30am
What time is that us eastern time anybody???[quote=cesarnc;189483]High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET
  • #2,191
  • Jan 17, 2007 6:35am Jan 17, 2007 6:35am
Quoting cesarnc
High: 1.9690 3:00:10pm CET
Low: 1.9604 3:05:07am CET

38 - 9657 - reached
50 - 9647 - touched during the news panic - valid?
78 - 9622 - long time no see...

Is that correct? PLease advice.

I agree with your cals, also note that CCI 50 on 15 min is now below 100 line again so maybe a good time to short .
  • #2,192
  • Jan 17, 2007 6:36am Jan 17, 2007 6:36am
so what news annoc.ments are dealing with BANK OF JAPANTentative JPYInterest Rate Statement http://www.forexfactory.com/images/m...mpact_high.gif
0.50%0.25%?? if it does this is it so that theGBPJPY will be bullish??? anyone more then1 comment will help
  • #2,193
  • Jan 17, 2007 6:40am Jan 17, 2007 6:40am
Quoting wpbsyn
The same Fib that I mentioned earlier, 1.9705 to 1.9589, can also be drawn on the 15 min. The reason that I bring it up is because we did have a lock on that candle and it did turn out of be a very nice shooting star. The tail did pierce the 78.6% line of this Fib by 10 pips. The current 15 min candle is confirming, but 10 minutes until it locks. I'm still looking for other pieces of this puzzle for the bigger picture
.
gotcha.

We're still inside the channel... Note same indecision on the downside last week... So far channel's sovereign.... But I'll rest (a little) below 9606 only.

If we stay 96HIGH until tomorrow + JPY interest rate hike (possible, rumors saying "sure", rumors saying "sure not", no time fixed), then things are gonna get ugly here for the downtrend...

If JPY doesn't raise interest, then a take profit is likely to shake us loose of this messy 9600s....

Here's the channel...
http://i2.photobucket.com/albums/y28/cesarnc/jan-17.jpg
  • #2,194
  • Jan 17, 2007 6:40am Jan 17, 2007 6:40am
Quoting turn1to100
so what news annoc.ments are dealing with BANK OF JAPANTentative JPYInterest Rate Statement http://www.forexfactory.com/images/m...mpact_high.gif
0.50%0.25%?? if it does this is it so that theGBPJPY will be bullish??? anyone more then1 comment will help
No.. bearish! Down man, down!
  • #2,195
  • Jan 17, 2007 6:42am Jan 17, 2007 6:42am
Quoting turn1to100
so what news annoc.ments are dealing with BANK OF JAPANTentative JPYInterest Rate Statement http://www.forexfactory.com/images/m...mpact_high.gif
0.50%0.25%?? if it does this is it so that theGBPJPY will be bullish??? anyone more then1 comment will help
08:15News wire now says BOJ won't hike tomm buit may do so in Feb or later

Anybody knows how to confirm this?
  • #2,196
  • Jan 17, 2007 6:44am Jan 17, 2007 6:44am
Price is above all my fibos so I see a another test to take out 9705 currently up 63 pips and am going to the top! Based on pivots I see a rise to r2 of 97262 Im going back to bed now. Good luck!
trading on demo is not trading
  • #2,197
  • Jan 17, 2007 6:44am Jan 17, 2007 6:44am
The shooting star on the 15 min was not confirmed by the following candle. The 30 min candle that locked was a near doji which translates "market in transition". The market is undecided.
  • #2,198
  • Jan 17, 2007 6:45am Jan 17, 2007 6:45am
Quoting Higgs
08:15News wire now says BOJ won't hike tomm buit may do so in Feb or later

Anybody knows how to confirm this?
Check spike up at 13:00 GMT. That was caused by that rumor... Actual JPY candle's a doji...

N-O-B-O-D-Y seems to know what the heck is going on...
  • #2,199
  • Jan 17, 2007 6:46am Jan 17, 2007 6:46am
uncertain timing since its tentative.
Right teaching produces right believing leads to right living. - J.P
  • #2,200
  • Jan 17, 2007 6:47am Jan 17, 2007 6:47am
cesarncQuote:
Originally Posted by Higgs http://forexfactory.com/images/buttons/viewpost.gif
08:15News wire now says BOJ won't hike tomm buit may do so in Feb or later

Anybody knows how to confirm this?

Check spike up at 13:00 GMT. That was caused by that rumor... Actual JPY candle's a doji...

N-O-B-O-D-Y seems to know what the heck is going on...

Follow what your system tell you... Dont focus too much on news and what others keep saying on this forum. That was my biggest mistake. I follow my fibos, pivots and my own judgement and only listen really to monarch since hes always freakish right.
trading on demo is not trading
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