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Daily Cable Analysis

  • #3,641
  • Jan 24, 2007 9:43am Jan 24, 2007 9:43am
nope, went short
  • #3,642
  • Jan 24, 2007 9:44am Jan 24, 2007 9:44am
Quoting Leugimp
Depends on your timeframe when talking about trend
...
Attached Image
Man who scratches ass should not bite fingernails
  • #3,643
  • Jan 24, 2007 9:56am Jan 24, 2007 9:56am
19831-high
19643-low

19703-31.8
19737-50%
19759-61.8%
  • #3,644
  • Jan 24, 2007 10:02am Jan 24, 2007 10:02am
Quoting mtrmth
19831-high
19643-low

19703-31.8
19737-50%
19759-61.8%
How do you set fibo low on 1.9643 when market still going down ???
  • #3,645
  • Jan 24, 2007 10:03am Jan 24, 2007 10:03am
just set them for now, just wanted someone to check my numbers to see if i did it right.
  • #3,646
  • Jan 24, 2007 10:04am Jan 24, 2007 10:04am
Some commentary

GBP is certainly leading the way today. After yesterday mis conception of waht the BoE's King was looking to state, the market has railed GBP down to the tune of almost 1%. Is it significant that we got precariously clsoe to 2.00? we should hear some squawking about that in the near term. Pay close attention to clues that the interest rate cycle in the UK is at least on hold. That spells another percent or two to the downside in all likley hood
  • #3,647
  • Jan 24, 2007 10:04am Jan 24, 2007 10:04am
time to back up a little
I Deeply Love My Virtual Life In Virtual World , RLC
  • #3,648
  • Jan 24, 2007 10:09am Jan 24, 2007 10:09am
Okay everyone - This is for you!

This thread started Jan 3rd, 2007

And since its inception we have had 3,648 post (and counting)

And since we started the thread on the Daily Candle
there has been 2,288 pip movement during this time frame.

We average 166 post a day (still counting), and the movement is 104 pips per day (still counting).

If you calculated this, Our post are 61.8% (63% actually) higher than the pips traded on average.

Now that is interesting- we have a Fibo on a Thread Count!
  • #3,649
  • Jan 24, 2007 10:10am Jan 24, 2007 10:10am
I got high 9830...

Interesting - 93% of chance of retracing to 31 fibo, will bring us back to the 9770, great chance to check for supports turned into resistance now.

I'm out with a few profit. I'm now running at "accounting reconstruction mode" for a good month from now on... Thank you Crazy Week-so-far
  • #3,650
  • Jan 24, 2007 10:12am Jan 24, 2007 10:12am
we are jusr following alll of your tech analysis
  • #3,651
  • Jan 24, 2007 10:13am Jan 24, 2007 10:13am
Quoting JohnJon
Is it because its the first month of the year or are these numbers reacting wrong....for example the crude oil number just came out with a draw and its getting killed , just weird..wondering if anyone had any input..im sorry i know this is only the cable but..
this crazy oil usually reacts on the positive news, short term bearish (-2usd)but then long term bullish (+3,4) and vice versa,...no imput...still waiting ...maybe tomorow...me soory too.
its just money
  • #3,652
  • Jan 24, 2007 10:16am Jan 24, 2007 10:16am
But the point is... what major player are opening short positions @ 0.618% fib hoping this thread to fade away...

My prediction is: those major players will eventually be STOPPED-OUT!



Quoting monarch
Okay everyone - This is for you!

This thread started Jan 3rd, 2007

And since its inception we have had 3,648 post (and counting)

And since we started the thread on the Daily Candle
there has been 2,288 pip movement during this time frame.

We average 166 post a day (still counting), and the movement is 104 pips per day (still counting).

If you calculated this, Our post are 61.8% (63% actually) higher than the pips traded on average.

Now that is interesting- we have a Fibo on a Thread Count!
  • #3,653
  • Jan 24, 2007 10:17am Jan 24, 2007 10:17am
Quoting mtrmth
we are jusr following alll of your tech analysis
I am now running the percentage of Post that are analysis based - compared to the post that are just chat based.

ARE YOU KIDDING!

I have better things to do, and besides, I can probably count the actual analysis post on my fingers.

  • #3,654
  • Jan 24, 2007 10:18am Jan 24, 2007 10:18am
Quoting mtrmth
we are jusr following alll of your tech analysis
Freaking crazy, isn't it? I was having everything under control here until the were presented to the "Tuesday Volcano". I didn't have that massive loss, but my red alert here is telling me to back up a little and rebuild the account back to normality...

I'm also on "learning mode", not worrying too much on large profits. But it is now time to get back a little and get my money back....

Agressive strategies on "demo" only for the rest of this month...

I'll be around though
  • #3,655
  • Jan 24, 2007 10:25am Jan 24, 2007 10:25am
Well, we eventually discover the reason whys...

Macro accounts are reported to be exitting their carry trades in [EUR/JPY] and to a lesser extent in Eur/Chf following a report Europe is to seek a stronger G7 statement on Yen weakness (...)

[EUROPEAN FX CLOSE] It was all about the Yen/crosses today and more importantly their losses. Inspired by some broad unwinding of carry trade and exacerbated in late Europe after a source said that Europe is to seek a stronger G7 message that the Yen is too weak, and should reflect economic fundamentals
  • #3,656
  • Jan 24, 2007 10:25am Jan 24, 2007 10:25am
For those that are currently short, just wondering what your target is?
  • #3,657
  • Jan 24, 2007 10:28am Jan 24, 2007 10:28am
Quoting Jon Reed
For those that are currently short, just wondering what your target is?
2.0000
Man who scratches ass should not bite fingernails
  • #3,658
  • Jan 24, 2007 10:29am Jan 24, 2007 10:29am
The last time we closed a candle under the 250 EMA on the Hourly was on January 3rd, and that took us down to 1.9260 at that time.

That was a 340 pip downward move from the 250 EMA break.

1-3-07 Hourly opened at 1.9600, this candle just opened at 1.9652

If we accomplished 61.8% of that 340 pip move, we could be heading to 1.9442.
  • #3,659
  • Jan 24, 2007 10:34am Jan 24, 2007 10:34am
Cable's still holding the support; but if euro continues its plunge, it'll drag cable along with it.
Trying to ride a corrective wave is never recommended, but corrective wave tends to follow fibo of its previous impulse wave. So for this possible wave 4, draw fibo from start of wave 3 till its (possible) end.
Tra-X
  • #3,660
  • Jan 24, 2007 10:37am Jan 24, 2007 10:37am
perhaps one more push down then lunch time NYC.
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