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Daily Cable Analysis

  • #4,261
  • Jan 26, 2007 5:01am Jan 26, 2007 5:01am
hey henrycarol,

you should start a gbp/yen thread, seems to having some seriuos movement right now. does it usually move in the same direction as the gbp/usd??
  • #4,262
  • Jan 26, 2007 5:04am Jan 26, 2007 5:04am
hey cesar, our boxing match is back

  • #4,263
  • Jan 26, 2007 5:06am Jan 26, 2007 5:06am
Quoting mtrmth
hey henrycarol,

you should start a gbp/yen thread, seems to having some seriuos movement right now. does it usually move in the same direction as the gbp/usd??
Well I am not expert in g/j

Well if g/j goes down, definitely g/u will.......from what I observed this week.

  • #4,264
  • Jan 26, 2007 5:06am Jan 26, 2007 5:06am
Quoting mtrmth
hey cesar, our boxing match is back



Today we will see what breaks out first: the price or the nerves...
  • #4,265
  • Jan 26, 2007 5:12am Jan 26, 2007 5:12am
Quoting mtrmth
.... does it usually move in the same direction as the gbp/usd??

depends - gbp selling against us dollar due to US strength, everything else held equal, should not make gbp jpy shift in and of itself. US strength should proportionately(in proportion to gbpjpy) affect the yen as well offsetting the impact on the pair, otherwise an arbitrage opportunity would occur that would line it back up. All other things held equal.


Did this thing turn at 9601. Imagine that holds, what are the chances?
Man who scratches ass should not bite fingernails
  • #4,266
  • Jan 26, 2007 5:14am Jan 26, 2007 5:14am
if that report comes out like they say lookout below we could see 1.9200
  • #4,267
  • Jan 26, 2007 5:15am Jan 26, 2007 5:15am
i would think that gbp/jpy moves first,since i have seen the yen move, then the pound and euro. at least theat is what i have observed when i do pay attention to all of them. have you noticed that?? i will look and see if this is true, could be very profitable
  • #4,268
  • Jan 26, 2007 5:16am Jan 26, 2007 5:16am
cesar,

i say nerves, but whose nerves will go first, the longs or the shorts??? that is the big question!!!
  • #4,269
  • Jan 26, 2007 5:18am Jan 26, 2007 5:18am
Come on let's do a bet here...........

Who ever losses needs to take out his pants LOL

who says it bounces from 1.9603 to 1.9650?

who says it drops from 1.9603 to 1.9580?

Bored already watching the bears and bulls fighting.....
  • #4,270
  • Jan 26, 2007 5:19am Jan 26, 2007 5:19am
monarch said the 9606 area would be the battleground this morning. a couple of pages back he spelled it out. missed out on his retrace prediction cuz i held on the 9606 hitting first, then retracing, dopey move!!!! shoulda jumped out real quick, i'd be up about 70 by now.
  • #4,271
  • Jan 26, 2007 5:21am Jan 26, 2007 5:21am
Trade progressing as planned, pausing at 1.9608 s/r like I presumed. Scalped at 1.9658 for a small wave degree, closed for +30, still short from 1.9730 waiting to see if this bounce invalidates or not.

Also a waveless way of trading with just one line attached.
No indicators - a simple Line pivot.
Attached Image
Trust price. Know yourself.
  • #4,272
  • Jan 26, 2007 5:23am Jan 26, 2007 5:23am
Quoting mtrmth
cesar,

i say nerves, but whose nerves will go first, the longs or the shorts??? that is the big question!!!
Don't push me man...
  • #4,273
  • Jan 26, 2007 5:23am Jan 26, 2007 5:23am
leugi,

i have a question for you, maybe i have the answer, but maybe not. if the dollar is getting stronger against the pound and euro, the price goes down, ie..19670 to 19650, weaker the other way around. now if the dollar is getting stronger, why does the yen go the other way, 121 to 12150. shouldn't it got from 121 to 12050 if the dollar is getting stronger??? that is what i hear that why the carry trades are so much in play. am i close???
  • #4,274
  • Jan 26, 2007 5:25am Jan 26, 2007 5:25am
Quoting mtrmth
cesar,

i say nerves, but whose nerves will go first, the longs or the shorts??? that is the big question!!!

the ones with the most leverage tacked on!
Man who scratches ass should not bite fingernails
  • #4,275
  • Jan 26, 2007 5:26am Jan 26, 2007 5:26am
no pushing cesar, just picking your brain
  • #4,276
  • Jan 26, 2007 5:28am Jan 26, 2007 5:28am
Quoting mtrmth
leugi,

i have a question for you, maybe i have the answer, but maybe not. if the dollar is getting stronger against the pound and euro, the price goes down, ie..19670 to 19650, weaker the other way around. now if the dollar is getting stronger, why does the yen go the other way, 121 to 12150. shouldn't it got from 121 to 12050 if the dollar is getting stronger??? that is what i hear that why the carry trades are so much in play. am i close???
usd/jpy usd is base currency where gbp/usd bgp is base currency the first currency in the pair is the strnght so if u buy u are buying the first currency pair, so they are somewhat invers relationship but not completley
  • #4,277
  • Jan 26, 2007 5:30am Jan 26, 2007 5:30am
Quoting mtrmth
leugi,

i have a question for you, maybe i have the answer, but maybe not. if the dollar is getting stronger against the pound and euro, the price goes down, ie..19670 to 19650, weaker the other way around. now if the dollar is getting stronger, why does the yen go the other way, 121 to 12150. shouldn't it got from 121 to 12050 if the dollar is getting stronger??? that is what i hear that why the carry trades are so much in play. am i close???
no

http://en.wikipedia.org/wiki/Exchange_rate
Man who scratches ass should not bite fingernails
  • #4,278
  • Jan 26, 2007 5:30am Jan 26, 2007 5:30am
Yeah g/u broke S1!!!!!!!!!
  • #4,279
  • Jan 26, 2007 5:31am Jan 26, 2007 5:31am
Quoting henrycarol

who says it drops from 1.9603 to 1.9580?
I bet on 1.9540 ...(I hope I will keep my pants ...weather is cold in France)

Have a good trading day !
  • #4,280
  • Jan 26, 2007 5:32am Jan 26, 2007 5:32am
Quoting henrycarol
Yeah g/u broke S1!!!!!!!!!
And EUR fighting 2900.. I don't know who's calling the shots here, looks like it is EUR...
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