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Daily Cable Analysis

  • #4,641
  • Jan 30, 2007 3:58am Jan 30, 2007 3:58am
Quoting Leugimp
as of right now we have about 600 ticks left - on avg there are 6-8 bars per day making it around 3 - 4 hours per bar, however during london and us session 1.5 to 2 hours is not uncommon. 2nd bar today was from 2:16 - 3:43AM so you can see that this really slows down during asian session but keeps my charts feeling a bit more symetrical according to volume as opposed to time.
Got it..

[FOCUS COMMENT: G7 PLAYS] Eur-Jpy as yet showing little reaction to Ecofin head Juncker saying that G7 will discuss exchange rates at next week's G7, as they do at every meeting, and specifically Eur-Jpy which has continued to print record highs

... Juncker? Why am I not surprised?
  • #4,642
  • Jan 30, 2007 4:07am Jan 30, 2007 4:07am
Quoting cesarnc
Got it..

[FOCUS COMMENT: G7 PLAYS] Eur-Jpy as yet showing little reaction to Ecofin head Juncker saying that G7 will discuss exchange rates at next week's G7, as they do at every meeting, and specifically Eur-Jpy which has continued to print record highs

... Juncker? Why am I not surprised?
Man who scratches ass should not bite fingernails
  • #4,643
  • Jan 30, 2007 4:31am Jan 30, 2007 4:31am
there is your bounce up leugi, just hope it is just a bounce up!!!

how many ticks left?????
  • #4,644
  • Jan 30, 2007 4:32am Jan 30, 2007 4:32am
confirmed positive reversal on 150 tick - looks like a move to 9704 in the minimum is in the makingbefore a turn down. Will use it as additional selling level
Man who scratches ass should not bite fingernails
  • #4,645
  • Jan 30, 2007 4:36am Jan 30, 2007 4:36am
Quoting Leugimp
confirmed positive reversal on 150 tick - looks like a move to 9704 in the minimum is in the makingbefore a turn down. Will use it as additional selling level

now it is just a race to see who wins, if we can close down on 1600 tick before move up on 150 tick, 150 tick signal will be failed. However a move up to 9704 and its follwing high, if any, and the 1600 tick pattern will not be able to confirm.
Man who scratches ass should not bite fingernails
  • #4,646
  • Jan 30, 2007 4:36am Jan 30, 2007 4:36am
Quoting Leugimp
confirmed positive reversal on 150 tick - looks like a move to 9704 in the minimum is in the makingbefore a turn down. Will use it as additional selling level
Thanks for the update/confirmation. If price goes up above previous today's high, it'd mean wave 3 hasn't started yet.
Tra-X
  • #4,647
  • Jan 30, 2007 4:39am Jan 30, 2007 4:39am
Quoting mtrmth
there is your bounce up leugi, just hope it is just a bounce up!!!

how many ticks left?????
Whenever you find yourself hoping, chances are you are in over your head - That is not a criticism on you, just my own personal experience, that is why when I hope, I get out.
Man who scratches ass should not bite fingernails
  • #4,648
  • Jan 30, 2007 4:43am Jan 30, 2007 4:43am
some wake up, some went to sleep, some wake up 4 hours ago...nicy little world, and the market doesnt sleep...true, easy 50 pips,...but after that i wona see 444 tomorow...if 720 holds,...it is the most beautifull number before we reach 888...hope it goes that way....
its just money
  • #4,649
  • Jan 30, 2007 4:44am Jan 30, 2007 4:44am
Quoting mtrmth
how many ticks left?????
20 ticks left. on the following bar, the new level will be 9641 to break on close. However a close prior above 9719 and this thing is all but over.
Man who scratches ass should not bite fingernails
  • #4,650
  • Jan 30, 2007 5:08am Jan 30, 2007 5:08am
actually, it was a mis- speak. what i hope, is that this damn market will go one way or the other, up or down, no stops until it hits a big mark, like 2 or 190 in 3 days of trading, then has a 61.8 fibo the following 2 days!!! this way, we all make massive pips and we don't have to sit here at the computer and wonder about which way this thing is going.

wha ti was saying was there was your bounce, but how high would it have to go to be a direction changer for the day.
  • #4,651
  • Jan 30, 2007 5:17am Jan 30, 2007 5:17am
i dont know, but I am not counting on too much long term directional signals from any moves today, just looking for a good way to position myself to take advantage of tomorrow.
Man who scratches ass should not bite fingernails
  • #4,652
  • Jan 30, 2007 5:19am Jan 30, 2007 5:19am
I cant resist - one more quote on hope

"The trouble with most people is that they think with their hopes or fears or wishes rather than with their minds."

- Will Durant
Man who scratches ass should not bite fingernails
  • #4,653
  • Jan 30, 2007 5:26am Jan 30, 2007 5:26am
Quoting wshhmm
i out here. plan to get entry to short it plus eur.
hey wshhmm,

Why the sentiment change? Thanks.
  • #4,654
  • Jan 30, 2007 5:37am Jan 30, 2007 5:37am
Quoting wshhmm
in 60 minutes, the channel is up, and the step is reached. we got a pin bar with a big red candle with another selloff pin bar. now it is a small green candle with lower angle (possilbe 15 degree). so the technical i think this is first let up then we need a leg down to retest 9550 area depends on it breaks 9630. daily the green candle isn't that strong.

foundamental, at this level plus tomorrow big event, short might have some advantage.
Thanks. It was quite what I was reading here when you're on the long position, that's why I asked.
  • #4,655
  • Jan 30, 2007 5:43am Jan 30, 2007 5:43am
News from Dow Jones Newswires

LONDON (Zawya Dow Jones)--Bahrain has no plans to change its currency peg from the U.S. dollar to the euro, Bahrain's Central Bank Governor said Tuesday.
"Bahrain won't change it's currency's peg to the dollar anytime soon," Rasheed Al Maraj told Zawya Dow Jones on the sidelines of the 6th Annual Islamic Finance Summit in London.
"Our peg to the dollar has brought stability and coherence to our financial system and currency. We won't meddle with exchange rate policies anytime soon," he said.
  • #4,656
  • Jan 30, 2007 5:43am Jan 30, 2007 5:43am
who saya it will move tomorrow except for a quick move or two when the news comes out?? all the leaks have made the ,market already price in the numbers, and unless the fed raises or lowers rates, nothing will happen. all the volitility has been taken out with large lot investers jumping in and stabilizing prices when it moves to far for their liking, and all we can really do is scalp and that sucks.

i had a thought about this zero sum game with regards to trading. if it is, how could it move in any direction??? that doesn't make sense if people say that every share has to have a holder, the market would sit at the same price. unless i am daffy, since unless you hold a certificate about the shares or lots, then the zero sum is a figment. this market trades 2 trillion a day, with all the trading days there are, that would mean there would be 250 trillion in losses, or everyone breaks even. doesn't make sense to me. maybe i should smoke a doob and i will see it clearly!!!

as for my hopes, i just want this market to do something. why are we waiting for the news, we already know what is going to happen, so just go in a direction. the market will correct if the news is different than expected, and that is what sohould make the market fun to trade, but now it seems as soon as one bit of news comes out, the market flinches, then it picks its nose until the next bit comes out, a flinch, and then back to nose picking!!!!!!!!!!!!! it is like an old vinyl record and the needle is stuck, it needs a smack!!!!! someone please kick this pig!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #4,657
  • Jan 30, 2007 5:46am Jan 30, 2007 5:46am
Is there anyone there who's familiar with this GBPJPY here? All today's move was driven by this pair, while Yen barely moved.

I'm asking this because I would like to understand what is GBPJPY's expectations. Break above 240 or not. Until NYC open, it looks like USD is off the table and I want to be in a good position to trade this news... Not 50 pips negative (if it breaks 240 that's whay will happen. )

Note that the fall on Jan 24th was carried by the majors/JPY

Thanks a lot.
  • #4,658
  • Jan 30, 2007 5:49am Jan 30, 2007 5:49am
Quoting mtrmth
who saya it will move tomorrow except for a quick move or two when the news comes out?? all the leaks have made the ,market already price in the numbers, and unless the fed raises or lowers rates, nothing will happen. all the volitility has been taken out with large lot investers jumping in and stabilizing prices when it moves to far for their liking, and all we can really do is scalp and that sucks.

i had a thought about this zero sum game with regards to trading. if it is, how could it move in any direction??? that doesn't make sense if people say that every share has to have a holder, the market would sit at the same price. unless i am daffy, since unless you hold a certificate about the shares or lots, then the zero sum is a figment. this market trades 2 trillion a day, with all the trading days there are, that would mean there would be 250 trillion in losses, or everyone breaks even. doesn't make sense to me. maybe i should smoke a doob and i will see it clearly!!!

as for my hopes, i just want this market to do something. why are we waiting for the news, we already know what is going to happen, so just go in a direction. the market will correct if the news is different than expected, and that is what sohould make the market fun to trade, but now it seems as soon as one bit of news comes out, the market flinches, then it picks its nose until the next bit comes out, a flinch, and then back to nose picking!!!!!!!!!!!!! it is like an old vinyl record and the needle is stuck, it needs a smack!!!!! someone please kick this pig!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LMFAO!!!!!!
  • #4,659
  • Jan 30, 2007 5:52am Jan 30, 2007 5:52am
C'mom, henrycarol. START SELLING - NOW!
  • #4,660
  • Jan 30, 2007 5:53am Jan 30, 2007 5:53am
cesar,
not really familiar with gbp/jpy, but the numbers on consumer spending were bad in japan, so no rate hike according to boj, so the difference in in the interest rates makes the trade with the yen very profitable. at least that is what the "experts" have said on tv. just my 2 cents on it. gotta tell japan to spend all the money they are making instead of saving it!!!
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