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Daily Cable Analysis

  • #4,701
  • Jan 30, 2007 9:07am Jan 30, 2007 9:07am
oh well i tried not to late for the long. Monarch buzz me when you get a chance lyle has the recording from sunday's meeting. Good day all...


FiXmE1ToO
  • #4,702
  • Jan 30, 2007 9:14am Jan 30, 2007 9:14am
1.96 was way off. Not enough volatility for my liking. Anyone here tried the new all the w's dot betaexoticbets dot com. Interesting concept these guys have will be interesting to see how there forex bets hold up against the pro's.
Jem
  • #4,703
  • Jan 30, 2007 9:25am Jan 30, 2007 9:25am
i know why this market is flat. it is january and the market is molasses and it is very cold!!!
  • #4,704
  • Jan 30, 2007 9:26am Jan 30, 2007 9:26am
There you go, G7s on the talk.....

The ECB's [STEINBRUECK] has added further fuel to the controversial debate on the whether the Yen will be discussed at the G7 meeting. The official states that at the meeting, FX will be discussed and that includes Eur/Yen. The cross has weakened following the remarks, which have scared traders into paring back short Yen positions in some anti-carry trade activity.

And we here, trying to "trade the gossips". geez....
  • #4,705
  • Jan 30, 2007 9:28am Jan 30, 2007 9:28am
nzd/usd is really being pounded down badly
  • #4,706
  • Jan 30, 2007 9:30am Jan 30, 2007 9:30am
Leugimp, Thanks flattered you want to see them.
  • #4,707
  • Jan 30, 2007 9:30am Jan 30, 2007 9:30am
This is a perfect time to go short on eur/chf I know its off thread but

Swiss Franc Near Record Low Versus Euro
http://newsletter.ywso.com/moneyforex/img/clr.gif
Tuesday, January 30, 2007 3:59:07 AM - The Swiss currency weakened late Monday against the European unit and the pair is now trading near an all time high. Small New York morning Tuesday`s advances of euro versus Swiss franc made it hit 1.6253 by about 2:05 am. This is compared with the all-time low of 1.6266, the pair set late 1998.

Its reached its top. IM selling this baby all the way..... hahaha C ya everyone the market doesnt have too much movement anymore and I will not be back on till 1.am est.
trading on demo is not trading
  • #4,708
  • Jan 30, 2007 9:32am Jan 30, 2007 9:32am
2 sell stops @ 1.9608....come on henry...
its just money
  • #4,709
  • Jan 30, 2007 9:36am Jan 30, 2007 9:36am
  •  Trader#0000
  • | Status: Unregistered Trader
Thanks for everyone's imput I am enjoying and benefitting from this thread.

My charts show cable up from there if I look at daily.
  • #4,710
  • Jan 30, 2007 9:36am Jan 30, 2007 9:36am
looks like we are heading for leugi's down numbers??? or are we channeling between open and 9635???
  • #4,711
  • Jan 30, 2007 9:40am Jan 30, 2007 9:40am
someone didn't want this thing to penetrate 9600, must be alot of momentum inducing orders just below.
Man who scratches ass should not bite fingernails
  • #4,712
  • Jan 30, 2007 9:42am Jan 30, 2007 9:42am
Quoting Leugimp
someone didn't want this thing to penetrate 9600, must be alot of momentum inducing orders just below.
Now have a look at these babies... GBPJPY / USDJPY
  • #4,713
  • Jan 30, 2007 9:47am Jan 30, 2007 9:47am
Quoting cesarnc
Now have a look at these babies... GBPJPY / USDJPY
Looks like wave C downwards for GBP/JPY has started. (Rough count, hence not reliable)
Go 230!
Tra-X
  • #4,714
  • Jan 30, 2007 9:47am Jan 30, 2007 9:47am
hey cesar, i thought yen and pound moved opposite each other??? either they are daffy or i was mis-informed??
  • #4,715
  • Jan 30, 2007 9:50am Jan 30, 2007 9:50am
Quoting mtrmth
hey cesar, i thought yen and pound moved opposite each other??? either they are daffy or i was mis-informed??
Carry trades are calling the shots today... It is all about EURJPY and GBPJPY, on repeatedly contraditory and misleading information on whether or not G7 will bring Yen weakness to the table...

Everytime this guy JUNKER opens his mouth, fx world jumps on panic
  • #4,716
  • Jan 30, 2007 9:54am Jan 30, 2007 9:54am
Quoting cesarnc
Carry trades are calling the shots today... It is all about EURJPY and GBPJPY, on repeatedly contraditory and misleading information on whether or not G7 will bring Yen weakness to the table...

Everytime this guy JUNKER opens his mouth, fx world jumps on panic

Yeah, and you just know Junker is placing his FX orders and THEN giving his speeches. A good way to rack up some pips, huh?
  • #4,717
  • Jan 30, 2007 9:55am Jan 30, 2007 9:55am
Quoting cesarnc
Now have a look at these babies... GBPJPY / USDJPY

here is chart of usd/jpy

if we can manage a close below 121.34 today or 121.31 tomorrow, the classic double repo pattern will be confirmed with price divergence. This is a very strong leading directional pattern on the daily charts signifying some coming strength in the JPY.

On GBP JPY, it has failed to come back above the 3X3 MA on close indicative of recent strength in USD over GBP.

Therefore a strong directional move for the JPY should have some extra push on GBP as JPY strength will not change in relation to GBP because of US near term macros.

If this pattern confirms - we are looking at GBPJPY back down at 235 in no time and 232 soon following.
Attached Image
Man who scratches ass should not bite fingernails
  • #4,718
  • Jan 30, 2007 9:56am Jan 30, 2007 9:56am
Quoting rdrainey
Yeah, and you just know Junker is placing his FX orders and THEN giving his speeches. A good way to rack up some pips, huh?
Yeah. Depending on overbought / oversold RSI he place the order and talks his junks
  • #4,719
  • Jan 30, 2007 9:56am Jan 30, 2007 9:56am
So long as the 60 minute candle is green and the price is above the 8 Hr Midpoint, long scalps look good to me.

http://img15.imgspot.com/u/07/29/11/...1170175837.jpg
"Even a 100 pip profit begins with the first pip."
  • #4,720
  • Jan 30, 2007 9:57am Jan 30, 2007 9:57am
hey cesar, chop his lips off(junker)

seriuosly, what could anyone do about the weakness of the yen?? force the rates up?? it would be nice and we could make a mint, but a free market is supposed to let the currency float, not be nudged around to satisfy a governments view of what the price should be. getting china off manipulation is the push right now, and by getting japan to manipulate their currency would screw that all up. it will adjust, just be ready to jump on it and beat all the pips out of it like the ugly red-headed step child it is!!!
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