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Daily Cable Analysis

  • #3,921
  • Jan 25, 2007 6:17am Jan 25, 2007 6:17am
Quoting henrycarol
Shorted gbp/jpy just now at 238.02

Targeting 236.80
So why tell us after dead move? i mean when you post it is now 237.72 and you shorted at 238.02, in general this more is heavy controlled by carry traders and it is very risky to go short with this pair i think, and it could reverse you very easily ... couse the long term trend is up
  • #3,922
  • Jan 25, 2007 6:20am Jan 25, 2007 6:20am
the 1hr chart look promising tough for a bullish signal
  • #3,923
  • Jan 25, 2007 6:21am Jan 25, 2007 6:21am
Quoting mohsen57
So why tell us after dead move? i mean when you post it is now 237.72 and you shorted at 238.02, in general this more is heavy controlled by carry traders and it is very risky to go short with this pair i think, and it could reverse you very easily ... couse the long term trend is up
I am not a signal provider. I just let you guys know the trade I took.

Of course I focus more on my trading than posting in this thread.

I know where are my priorities.
  • #3,924
  • Jan 25, 2007 6:24am Jan 25, 2007 6:24am
150 tick closed @ 9692, a turn and close to the upside now before a close below 9692 on 150 tick chart and we should be moving toward range expansion to the upside ahead of US news. may be a critical point in time in terms of this range
Man who scratches ass should not bite fingernails
  • #3,925
  • Jan 25, 2007 6:42am Jan 25, 2007 6:42am
Quoting Leugimp
150 tick closed @ 9692, a turn and close to the upside now before a close below 9692 on 150 tick chart and we should be moving toward range expansion to the upside ahead of US news. may be a critical point in time in terms of this range
for a critical point in time, these 150 ticks closed at 9693 with a range of only 4 pips - maybee the calm before the storm - also an inside bar
Man who scratches ass should not bite fingernails
  • #3,926
  • Jan 25, 2007 6:43am Jan 25, 2007 6:43am
An Eastern European name has been an active buyer of sterling once again this session, says a trader, with a particular interest in GBP/JPY. That cross is some 200 sen off the days lows, around 238.20, while cable in edging back toward 1.97.
  • #3,927
  • Jan 25, 2007 6:50am Jan 25, 2007 6:50am
hanging still on 9696 may see a breakout up
Man who scratches ass should not bite fingernails
  • #3,928
  • Jan 25, 2007 6:53am Jan 25, 2007 6:53am
came hard off of it, lets see if false breakout to downside off of inside bar, need a close over 9692 in the next 50 ticks to keep immediate bullish view or we may be looking at a breakdown below lower range - back up to 92 as i write, 40 ticks to go
Man who scratches ass should not bite fingernails
  • #3,929
  • Jan 25, 2007 6:59am Jan 25, 2007 6:59am
closed @ 9687 below midrange
Man who scratches ass should not bite fingernails
  • #3,930
  • Jan 25, 2007 7:06am Jan 25, 2007 7:06am
Was indeed a false one as price just came back hard through the midrange - lets see how it acs at 9700 level - if breaks hard we can see a test of the upper bound
Man who scratches ass should not bite fingernails
  • #3,931
  • Jan 25, 2007 7:12am Jan 25, 2007 7:12am
RSI danger zone still @ 9714 if close above this level on 1600 tick, it will be necessary to get up to and above 9750 on close before a turn occurs on 1600 tick or we can be looking at a negative reversal signaling back down to the low.
Man who scratches ass should not bite fingernails
  • #3,932
  • Jan 25, 2007 7:19am Jan 25, 2007 7:19am
price bouncing off of 9702, we may have some new support
Man who scratches ass should not bite fingernails
  • #3,933
  • Jan 25, 2007 7:22am Jan 25, 2007 7:22am
Existing Home Sales will be a key for the rest of the day.
  • #3,934
  • Jan 25, 2007 7:26am Jan 25, 2007 7:26am
who keeps selling @ 9710 - stop that #$@$
Man who scratches ass should not bite fingernails
  • #3,935
  • Jan 25, 2007 7:26am Jan 25, 2007 7:26am
The daily ternd line at 9695 is providing go support next level the 9650 tested many times in the last month... 9667 38% fib from Jan 4 - Jan 21. Yesterday Pivot at 9698. May wait for a clear break of 9650 on the downside. Or another bounce off of 9695 trand line to the upside when NY gets start. Price may wait for Housing data at 10am before deciding.

What ya think?
  • #3,936
  • Jan 25, 2007 7:27am Jan 25, 2007 7:27am
Quoting dswk
Existing Home Sales will be a key for the rest of the day.
Is it a mover? Well, mover enough to drag supports / resistances?
  • #3,937
  • Jan 25, 2007 7:28am Jan 25, 2007 7:28am
Quoting Leugimp
who keeps selling @ 9710 - stop that #$@$
Me LOL.
  • #3,938
  • Jan 25, 2007 7:30am Jan 25, 2007 7:30am
someone is selling hard at 9710-11 area
Man who scratches ass should not bite fingernails
  • #3,939
  • Jan 25, 2007 7:33am Jan 25, 2007 7:33am
9710 / 11 holding - about to give way
Man who scratches ass should not bite fingernails
  • #3,940
  • Jan 25, 2007 7:33am Jan 25, 2007 7:33am
USD-negative unemployment claims. Not a market mover. quick frenzy only.
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