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Daily Cable Analysis

  • #3,881
  • Jan 25, 2007 4:02am Jan 25, 2007 4:02am
ok...in economist overview 2007 it was written, watch the housing market it might get the us in recession, and that will have the impact on other economies, that means bad for US currency right ??
its just money
  • #3,882
  • Jan 25, 2007 4:04am Jan 25, 2007 4:04am
Quoting de123
ok...in economist overview 2007 it was written, watch the housing market it might get the us in recession, and that will have the impact on other economies, that means bad for US currency right ??
not if the brightest of the bright keep finding new ways to lend us money - then it will inflate a little bit more first.
Man who scratches ass should not bite fingernails
  • #3,883
  • Jan 25, 2007 4:08am Jan 25, 2007 4:08am
Quoting Zarul Shahrin
I said, "I guess".... nothing personal there and talking about "opposing the crowd" I think only few of us here agreed about going long while majority are all saying "short"...I don't have problem with that, my only problem are with people who can't make up their mind, and start shouting "long long" when the price went up and suddenly when the price made a little pullback they will start shouting "short, short" without first putting a through out analysis into consideration....This is not helpful, yet only confuse people, especially those who are new here and hoping to get some useful tips...
Well said Zarul! It becomes annoying when people repeat over and over what they think will happen. Hopefully this thread continues the way it started.
  • #3,884
  • Jan 25, 2007 4:11am Jan 25, 2007 4:11am
Easy setup if we get there again, buy stop 9739(including spread already) tp1 9769
stop and tp2 discretional.
Man who scratches ass should not bite fingernails
  • #3,885
  • Jan 25, 2007 4:15am Jan 25, 2007 4:15am
u can lend the money in Yens or the euros, chf...at least here we can...ok.
If u took a credit for a house, in which currency it would be the best way to take a credit, to pay as less as possible interest rates, and that the currency will go cheaper ?!
yens? dolars? euros?...i know that here evrybody is taking the credit in CHF, was that really the best choise in the past, and for the future....is that the reason why G7 wonts from japanese to raise the rates?...the currency is going down, and they dont have almost none interest rates.
its just money
  • #3,886
  • Jan 25, 2007 4:22am Jan 25, 2007 4:22am
best way to take advantage of this, and wether it helps anyone else or not is extra, is to post your thoughts out here for the whole world to see. Tell us what you see in the charts. What type of setup may be able to take advantage of that characteristic, what are the risks. Then followup - if it changes every 2 minutes, that will get better with time. I learn alot from alot of you here, but mostly what I like to see is different thought processes going into the same pictures, kind of like a minnie market right in front of us. I kind of like to see the "short now hurry short short" and the "long, go go go.."
stuff. I imagine how many more people may be saying the same thing and start to visualize the frenzies. In all honesty, it keeps me calm to be here on this forum, it keeps me objective. Get what you can out of it - you can only get what you give.
Man who scratches ass should not bite fingernails
  • #3,887
  • Jan 25, 2007 4:25am Jan 25, 2007 4:25am
Quoting Leugimp
best way to take advantage of this, and wether it helps anyone else or not is extra, is to post your thoughts out here for the whole world to see.
u are so right!!...i will go long if 1.9730 or short if 1.9620 is broken....and U?
its just money
  • #3,888
  • Jan 25, 2007 4:39am Jan 25, 2007 4:39am
Quoting de123
u are so right!!...i will go long if 1.9730 or short if 1.9620 is broken....and U?
1.9620 is probably a tough target to reach, considering the support line that is shaping at the 1.9680-1.9670 area, if that level can be broken, it may then has to to struggle at the next support line which is at somehwere yesterday low. Taking the current Daily and hourly RSI into consideration, most likely it won't happen...It's gonna take a lot more than usual for that to happen in the US session... I can be wrong though, hopefully I am not...
I am just here to talk nonsense =D
  • #3,889
  • Jan 25, 2007 4:42am Jan 25, 2007 4:42am
Quoting Leugimp
rsi moving into the danger zone on longer term 1600 tick. If candle closes in this area we must move above 9750 before a turn in price in order to avoid the negative reversal. A close on this bar below 9719 though would buy gbP some time to hit that level on close as rsi would move out of danger zone(Zone where decision must be made on followthrough).

this may sound strange, but the fact that the 1600 tick did close below 9719(9682 to be exact) gives me confidence that this down move is near its end. A close above it followed by a retracement would have to mean that price would have to rally quickly in order to avoid alot of bearish signals which may have been less likely. Now that we have closed down here and are testing the bottom again, without having had any of these negative reversals pop up, there is a high chance that this could be signaling consolidation before resuming the move up which is just more mechanically sound if we are to break hard to the upside. Also a break to the low side at this point should be coupled with some heavy divergences adding to the case for the longer term bull. Importance will be again in the area of managing leverage to be able to withstand possible further drawdown. If this continues dropping I will continue buying at round levels, only if my weekly and daily signal is negated, or begins to signal a high probability of being negated will I look to scale out and eventually exit my position.

On the flip side, if this rallys with confirmation past some key levels, such as 9750 and up, I will be buying dips on shorter term timeframes for smaller profits with medium leverage.

Just an opinion
Man who scratches ass should not bite fingernails
  • #3,890
  • Jan 25, 2007 4:47am Jan 25, 2007 4:47am
Quoting de123
u are so right!!...i will go long if 1.9730 or short if 1.9620 is broken....and U?

I'm not a fan of short side right now, but if I was, 9620 would be a good spot as a breakout below yesterdays low might be a trap and get you into trouble - 20 pips or so of cushion would probably be a good idea.

Just an opinion
Man who scratches ass should not bite fingernails
  • #3,891
  • Jan 25, 2007 4:51am Jan 25, 2007 4:51am
Quoting Leugimp
I'm not a fan of short side right now, but if I was, 9620 would be a good spot as a breakout below yesterdays low might be a trap and get you into trouble - 20 pips or so of cushion would probably be a good idea.

Just an opinion
I dont think 1.9620 was a good support better count on 1.9590
  • #3,892
  • Jan 25, 2007 4:57am Jan 25, 2007 4:57am
Quoting viking
I dont think 1.9620 was a good support better count on 1.9590

I think he said a good "spot" to short instead of good "support"...

I am just here to talk nonsense =D
  • #3,893
  • Jan 25, 2007 4:57am Jan 25, 2007 4:57am
High 9915
Low 9260

Fibo's
23.6% = 9760
38.2% = 9664
50% = 9586
61.8% = 9511

The price has went down through the 23.6 fibo but found very strong support at the 38.2 fibo which is 9664, and i see gu going back up to test 9760 (this is NOT a reccomendation, just my opinion & i'm a noob)

here's my chart

http://img442.imageshack.us/img442/2845/chartgu5vo.jpg
Trade what you see, not what you think.
  • #3,894
  • Jan 25, 2007 5:01am Jan 25, 2007 5:01am
Danger zone for 1600 tick is now a close above 9714 which we are near to now - yet 700 ticks away. If closes above this level, we need to get to above 9750 before a turn. Ideally, price would move way past this level on this bar leaving less distance to go before a turn can materialize.

Lets see what happens.
Man who scratches ass should not bite fingernails
  • #3,895
  • Jan 25, 2007 5:05am Jan 25, 2007 5:05am
with this break up, we should be moving up to 9752
Man who scratches ass should not bite fingernails
  • #3,896
  • Jan 25, 2007 5:05am Jan 25, 2007 5:05am
For those awaiting direction, grab yourself a nice chair... gees.....

Awesome sunny day here today.... Pool's calling my name....
  • #3,897
  • Jan 25, 2007 5:06am Jan 25, 2007 5:06am
I wish we will have enough momentum to break through the 1.9721 level.....once that happened, the ressistance will become support and we can then continue our journey up.....
I am just here to talk nonsense =D
  • #3,898
  • Jan 25, 2007 5:07am Jan 25, 2007 5:07am
Quoting cesarnc
For those awaiting direction, grab yourself a nice chair... gees.....

Awesome sunny day here today.... Pool's calling my name....
I'm dying to get down ther c
thinking about it carnival
spend some of these pips on some brazilian hotties
Man who scratches ass should not bite fingernails
  • #3,899
  • Jan 25, 2007 5:14am Jan 25, 2007 5:14am
i love them...
Attached Image
  • #3,900
  • Jan 25, 2007 5:14am Jan 25, 2007 5:14am
Hmm nice huh L...

Now u become a mature .Great.sometime i will post what my candlestick show me about potential in market to be review by the thread.

Cheers



Quoting Leugimp
best way to take advantage of this, and wether it helps anyone else or not is extra, is to post your thoughts out here for the whole world to see. Tell us what you see in the charts. What type of setup may be able to take advantage of that characteristic, what are the risks. Then followup - if it changes every 2 minutes, that will get better with time. I learn alot from alot of you here, but mostly what I like to see is different thought processes going into the same pictures, kind of like a minnie market right in front of us. I kind of like to see the "short now hurry short short" and the "long, go go go.."
stuff. I imagine how many more people may be saying the same thing and start to visualize the frenzies. In all honesty, it keeps me calm to be here on this forum, it keeps me objective. Get what you can out of it - you can only get what you give.
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