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Daily Cable Analysis

  • #4,341
  • Jan 26, 2007 9:12am Jan 26, 2007 9:12am
There are no taxes on the money you invest in Switzerland - not on capital gains, and not on interest. And more, as Switzerland does not consider tax evasion to be a crime, it does not comply with any requests for judicial cooperation from other governments. Of course tax fraud (falsified documents, sharp practice) is considered a crime in Switzerland as well. However you always should pay taxes to your country.

Trade what you see, not what you think.
  • #4,342
  • Jan 26, 2007 9:14am Jan 26, 2007 9:14am
Quoting mtrmth
all the news this month has been good for the $, but the market hasn't shown any strength. we should be down to 192, but i guess what i want and what it gives us are two different things!!!

Just guessing.
Gold is making a nice pin bar.
Dollar should nornally spike more.
Gbp/Usd, I think will try S3
  • #4,343
  • Jan 26, 2007 9:15am Jan 26, 2007 9:15am
sorry monarch, i was in my short when it retraced to 19649, but i did not hold it after it went to 19602. why didn't you reach out ans smack me in the head and tell me to be patient?????

would have been a really nice day today!!!

i was going to call miss cleo to get some insight, but i think you have the best forseer, THE MAN!!!

need to trust you more, you seem to have this thing down!!!
  • #4,344
  • Jan 26, 2007 9:20am Jan 26, 2007 9:20am
Quoting mtrmth
all the news this month has been good for the $, but the market hasn't shown any strength. we should be down to 192, but i guess what i want and what it gives us are two different things!!!
As famous phrase goes- The market can remain irrational longer than you can remain solvent.
  • #4,345
  • Jan 26, 2007 9:21am Jan 26, 2007 9:21am
Quoting cesarnc
EUR is looking crazy today.... The Beast rejected the down move and now it is rejecting the retracement...
It rejects everything and starts going to the left
  • #4,346
  • Jan 26, 2007 9:28am Jan 26, 2007 9:28am
Cable bounced back after 1.9577......its roughly goin up by 12 pips now...any idea if this bullish trend is going to continue or is anyone anticipating for another downtrend...?
  • #4,347
  • Jan 26, 2007 9:38am Jan 26, 2007 9:38am
Quoting tiges159
Cable bounced back after 1.9577......its roughly goin up by 12 pips now...any idea if this bullish trend is going to continue or is anyone anticipating for another downtrend...?
What you call a bounce at 1.9577 actually is the lower segment of the extended support around 1.9580-85. Price actually went to 1.9558 which is was the needed area to test our downward movement this week.

1.9606 will play a role here, High for the channel would be 1.9313-18 and the Low today for the channel should remain above 1.9550 area, this would place the median at 1.9584 for the remainder of the session.
  • #4,348
  • Jan 26, 2007 9:38am Jan 26, 2007 9:38am
My opinion is GBP/USD will depreciate like it did yesterday... When nobody expecting ......soon European traders will be done for the week........USD had good numbers ........why Europeans punish USD this much , I can't fathom......
I have a question if I may ask in GBP/USD
In 15 minute chart up to what amount of pips for a candle you consider normal? Now GBP gained nearly 40 pips in 15 minutes......
Hourly candle whats the max pip in zize or volume?
Thank you all for insight and patients .
Happy trading
Banada
BANDA333
  • #4,349
  • Jan 26, 2007 9:52am Jan 26, 2007 9:52am
Quoting monarch
What you call a bounce at 1.9577 actually is the lower segment of the extended support around 1.9580-85. Price actually went to 1.9558 which is was the needed area to test our downward movement this week.

1.9606 will play a role here, High for the channel would be 1.9313-18 and the Low today for the channel should remain above 1.9550 area, this would place the median at 1.9584 for the remainder of the session.
hi monarch

what do you think about interested rate (US) for the next week ?
  • #4,350
  • Jan 26, 2007 10:04am Jan 26, 2007 10:04am
Quoting BANDA
My opinion is GBP/USD will depreciate like it did yesterday... When nobody expecting ......soon European traders will be done for the week........USD had good numbers ........why Europeans punish USD this much , I can't fathom......

They probably have some preliminary figures for januarywage negotiations and the number is coming out hot. This will keep inflationary pressures in the near term high and put pressure on BOE to raise again at next meeting. If this were to happen, the market may overreact and lose faith in voting members driving GBP past previous high up to a technically projected 2.0100 or above. This move should be coupled with a unanimous vote this time acting as the catalyst to multi decade highs. At that point we way range until mid year, when finally the prospect for a rate decrease comes in while inflationary pressures in US begin to drive the pair back down to the levels we have become accustomed to. The larger wave retracement should be fast and violent, signaling the end of this multi year appreciation in the pair.

Furthermore, global warming will also begin to become a political concern around the world that is no longer held in silence, creating new market conditions in the fuel and energy arenas and .......

Have a good weekend guys - I'm going to bed now to sleep on all of these conspiracy theories
Man who scratches ass should not bite fingernails
  • #4,351
  • Jan 26, 2007 10:04am Jan 26, 2007 10:04am
Hey i m in forex from last 8 months & allready lost 500 USD but yet in the battle bcos war is still to go but i never person like U MOANARCH who understands CABLE better keep going man.........
Well i believe for cable 1.9580 & 1.8655 seems very important bcos of its history which being strong resistence line & i think market takes trend up or below b/w 1.9580 & 1.955.....
Wat u say guys................


Shivaji

Fear not says Vedas bcos its biggest enemy of humanity
"Trade for sake of trading & not for winning or Lossing"
  • #4,352
  • Jan 26, 2007 10:05am Jan 26, 2007 10:05am
1.9606 will play a role here, High for the channel would be 1.9313-18 and the Low today for the channel should remain above 1.9550 area, this would place the median at 1.9584 for the remainder of the session.[/quote]

I suppose this is what monach is saying = ref: Chart

I am just wondering if it might test lower as time moves ahead and the channel will slant more downwards.
Sometimes at CET 18h00, or after lunch in US between 19h00 -20h00 CET some final actions do occur.

Just some guessing.
Attached Image
  • #4,353
  • Jan 26, 2007 10:11am Jan 26, 2007 10:11am
Don't forget it is Friday as well guys, may have some heavy speculative profit taking for the week
Man who scratches ass should not bite fingernails
  • #4,354
  • Jan 26, 2007 10:18am Jan 26, 2007 10:18am
Quoting viking
hi monarch

what do you think about interested rate (US) for the next week ?
My interest rates on my houses are killing me, hope they go down, then I can refinance and lower my monthly bills.

Other than that, I have not read 1 news item this week, with the exception of our Local High School B-Ball teams write up, which by the way are called, you guessed it - the "Monarchs".

There is my secret to obtaining my screen name.
  • #4,355
  • Jan 26, 2007 10:28am Jan 26, 2007 10:28am
Quoting highway3000
1.9606 will play a role here, High for the channel would be 1.9313-18 and the Low today for the channel should remain above 1.9550 area, this would place the median at 1.9584 for the remainder of the session.


I suppose this is what monach is saying = ref: Chart

I am just wondering if it might test lower as time moves ahead and the channel will slant more downwards.
Sometimes at CET 18h00, or after lunch in US between 19h00 -20h00 CET some final actions do occur.

Just some guessing.[/quote]

Considering we have had a 356 pip downward move so far this week, and my averages for a downward move is around 300 or so, I would have to say we have pretty much expired the Shorts for now.

Give todays session some time for traders to adjust their positions, then at the end of todays market close, we can see where the dust lands.

Somewhere in my mind I have this number 1.9200-25 reserved, but we may have had enough downward movement for now.

In part, we may revisit some higher range next week.

Next Wednesday will close the Monthly Candle, I would be watching this real careful.
  • #4,356
  • Jan 26, 2007 11:01am Jan 26, 2007 11:01am
With the close of the 4 Hour, it looks like we have reached the low for now.

This next 4 hour will define the movements perimeter.
  • #4,357
  • Jan 26, 2007 11:05am Jan 26, 2007 11:05am
This might be the end of wave 5, ending a 5-wave sequence from 1.9915 top. Next week there should be a major corrective wave pattern forming (a-b-c?), we'll see how it goes.
Many many thanks to Monarch, his numbers were all targetted nicely.
Tra-X
  • #4,358
  • Jan 26, 2007 11:06am Jan 26, 2007 11:06am
The Monthly opened at 1.9580, now were around 1.9597 mark.

This Candle looks like a big doji right now, so next week will help define and complete the formation.

On the Weekly, it looks to be aiming downward still.

Next week should be an interesting week, with the pinnacle of the High being at 1.9914 so far, and the Low at 1.9260.

Given those two ranges, the median once again is 1.9587, pretty much where we are right now.
  • #4,359
  • Jan 26, 2007 11:17am Jan 26, 2007 11:17am
Quoting highway3000
1.9606 will play a role here, High for the channel would be 1.9313-18 and the Low today for the channel should remain above 1.9550 area, this would place the median at 1.9584 for the remainder of the session.
I suppose this is what monach is saying = ref: Chart

I am just wondering if it might test lower as time moves ahead and the channel will slant more downwards.
Sometimes at CET 18h00, or after lunch in US between 19h00 -20h00 CET some final actions do occur.

Just some guessing.[/quote]


Wow, how do you find the candles? Have you ever considered turning off the grids?
  • #4,360
  • Jan 26, 2007 11:31am Jan 26, 2007 11:31am
Quoting Bradone
I suppose this is what monach is saying = ref: Chart
Quoting Bradone

I am just wondering if it might test lower as time moves ahead and the channel will slant more downwards.
Sometimes at CET 18h00, or after lunch in US between 19h00 -20h00 CET some final actions do occur.

Just some guessing.



Wow, how do you find the candles? Have you ever considered turning off the grids?[/quote]

Turning off the grids, can you explain this to me.

Thanks
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