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Daily Cable Analysis

  • #2,441
  • Jan 18, 2007 2:22am Jan 18, 2007 2:22am
Date Open High Low Close Pip Cout
2007.01.151. 9593 1.9667 1.9570 1.96390. 0097
2007.01.161. 9638 1.9707 1.9590 1.96800 .0117
2007.01.171.9607 1.9723 1.9603 1.96980.0120

Low for the day is 9694 it appears currently at 9768 for 72 pip increase. The daily average is 133 pips with a 72.6% probability of a 100 pips are more. We had our weekly dose of a sup par 100 pip day running low for the week on a daily average hope we can see a big mover today.

Currently up 43 pips on gbpusd
143 pips on gbpjpy
58 pips on eurjpy
  • #2,442
  • Jan 18, 2007 2:23am Jan 18, 2007 2:23am
that should be pip count not cout
  • #2,443
  • Jan 18, 2007 2:25am Jan 18, 2007 2:25am
its hard with this new forum to get things to line up when I copy and paste from excell. Then when I put it in the forum and preview it I have to move all the columns to match then when I send it they do not match. Thats why the color code hope it eliminates confusion.
  • #2,444
  • Jan 18, 2007 2:26am Jan 18, 2007 2:26am
ok I think we are at the topfor now, should drop to around 1.9720
  • #2,445
  • Jan 18, 2007 2:28am Jan 18, 2007 2:28am
Quoting iiivb
I have 1 year and 3 months trading. I know what you mean. I used to freak out too when I saw a profit and suddenly a small bounce. I solved that leaving the computer ALONE! I found that gave me more profits and LESS stress...

I am glad you are long, I hope you make your profit... but... STAY AWAY OF THE COMPUTER... let the stop-loss and limits do their job...

In other topics, does somebody know why monarch left guiding this thread?
Thanks for the advice, i reallly appreciate it. Any help i can get to become a better is always appreciated. Thats why i come on here so much, to learn. To bad monarch left, but he taught me a few good lessons. I think he left because "his" thread was getting overthrown buy noobs look for a trade and not the analysis part...
"Anything in life worth having, doesn't come easy."
  • #2,446
  • Jan 18, 2007 2:30am Jan 18, 2007 2:30am
M30 closed above the resistance line, good sign! right???
"Anything in life worth having, doesn't come easy."
  • #2,447
  • Jan 18, 2007 2:32am Jan 18, 2007 2:32am
Quoting iiivb
Yes I did... but I am long since 1.9616... +150 pips now...

I am out, although this has space to move much higher price is at a level that is sufficient for a turn, so I have set my sell order @ 9820, but if price turns sooner, I'll jump on board. Thanks for that quick idea though, that breakout was swift and extremely easy for 10pips with much leverage.
Man who scratches ass should not bite fingernails
  • #2,448
  • Jan 18, 2007 2:34am Jan 18, 2007 2:34am
Let's say that confirms the rumors of a JPY SELL-OFF. It is a good sign on M30, but I personally use M60 or greater... are more reliable, according to me of course.

If my view is correct, we can see GBP go higher because THERE IS A REALLY GOOD FUNDAMENTAL REASON: BoJ DID NOT increased interest rates... so... this is the effect...

Quoting YupYup
M30 closed above the resistance line, good sign! right???
  • #2,449
  • Jan 18, 2007 2:38am Jan 18, 2007 2:38am
No problem friend! We are here to help each other.

Quoting Leugimp
I am out, although this has space to move much higher price is at a level that is sufficient for a turn, so I have set my sell order @ 9820, but if price turns sooner, I'll jump on board. Thanks for that quick idea though, that breakout was swift and extremely easy for 10pips with much leverage.
  • #2,450
  • Jan 18, 2007 2:47am Jan 18, 2007 2:47am
Quoting iiivb
Let's say that confirms the rumors of a JPY SELL-OFF. It is a good sign on M30, but I personally use M60 or greater... are more reliable, according to me of course.

If my view is correct, we can see GBP go higher because THERE IS A REALLY GOOD FUNDAMENTAL REASON: BoJ DID NOT increased interest rates... so... this is the effect...
You think ill get my T/P of 9785 before the retrace? Or i'm a cutting it thinly here? My indicators are all pointing long from 1HR up so i'm assuming i'll get my 20 pips.
"Anything in life worth having, doesn't come easy."
  • #2,451
  • Jan 18, 2007 2:49am Jan 18, 2007 2:49am
The slow stochs and RSI on my 30 minute charts are both rolling over to the downside now. Looks like a retrace is underway.
  • #2,452
  • Jan 18, 2007 2:51am Jan 18, 2007 2:51am
Where is your stop-loss?

Quoting YupYup
You think ill get my T/P of 9785 before the retrace? Or i'm a cutting it thinly here? My indicators are all pointing long from 1HR up so i'm assuming i'll get my 20 pips.
  • #2,453
  • Jan 18, 2007 2:53am Jan 18, 2007 2:53am
Quoting rdrainey
The slow stochs and RSI on my 30 minute charts are both rolling over to the downside now. Looks like a retrace is underway.
My RSI is still going strong from M30 up. I still think there is more movement long here, or at least thats what my charts are telling me...
"Anything in life worth having, doesn't come easy."
  • #2,454
  • Jan 18, 2007 2:54am Jan 18, 2007 2:54am
Quoting iiivb
Where is your stop-loss?
9735
"Anything in life worth having, doesn't come easy."
  • #2,455
  • Jan 18, 2007 2:56am Jan 18, 2007 2:56am
Jusk woke up.. Missed the show...
  • #2,456
  • Jan 18, 2007 2:56am Jan 18, 2007 2:56am
Maybe it will take some hours for you to take your initial profit, so if you want to close it soon... i suggest you do it as it is now... Waiting for 1.9785 gonna be aprox. 1 hour or more...

Quoting YupYup
9735
  • #2,457
  • Jan 18, 2007 3:00am Jan 18, 2007 3:00am
Screw it it just closed above resistance line, i'm staying in for the pips
"Anything in life worth having, doesn't come easy."
  • #2,458
  • Jan 18, 2007 3:12am Jan 18, 2007 3:12am
Quoting YupYup
Screw it it just closed above resistance line, i'm staying in for the pips
38fib of today's move matches with the horizontal trendline, once resistance, may be turned to support.

9750 is key for today.... But with another pack of USD news, 9850 still a possibility, isn't it?

I'm out.. wish I as carrying pips all the way up. Now I'm to check this support for a while until decide what to do...
  • #2,459
  • Jan 18, 2007 3:16am Jan 18, 2007 3:16am
And 61 fib matches with 9720s, yesterday's resistance...
  • #2,460
  • Jan 18, 2007 3:17am Jan 18, 2007 3:17am
This may be broken now its turning into a big retracement
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