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Cable Update (GBPUSD)

  • #1,321
  • Dec 11, 2006 8:53pm Dec 11, 2006 8:53pm
Yeah but fixme1too knows his stuff !! I for one have figured that out a while back... we should all be happy he spends some of his time here...

I am more lucky not to lose 20 pips in the next couple of hours !!!
  • #1,322
  • Edited Feb 2, 2007 5:50pm Dec 11, 2006 9:04pm | Edited Feb 2, 2007 5:50pm
Here is my chart showing the Pin Bar - I see the R1 Daily just ahead at 1.9627

Monarch
  • #1,323
  • Dec 11, 2006 9:10pm Dec 11, 2006 9:10pm
Quoting fixme1too
if we can all agree that 9465 was low for the week. Another way of calculating endpoint for the week is 9465+ATR of 300 which cable has been avg for ever seems like on the weekly. then this would also put us at my tp area of mid 9700's. I initially had us testing 9775 area again.
We have seen the bottom for this week!

As you can see the price has increased this much in 1 day, there is a sight to be seen at the 1.9700 area.

I am so anxious for this, I can taste it. :

"Taste like chicken"

Monarch
  • #1,324
  • Dec 11, 2006 9:15pm Dec 11, 2006 9:15pm
Quoting monarch
We have seen the bottom for this week!

As you can see the price has increased this much in 1 day, there is a sight to be seen at the 1.9700 area.

I am so anxious for this, I can taste it. :

"Taste like chicken"

Monarch
Are you still waiting for the Bear? or hoping for the bull? and you don't need a shot gun to kill a chicken!
  • #1,325
  • Dec 11, 2006 9:16pm Dec 11, 2006 9:16pm
Quoting monarch
The Month of December 2006 has seen the GBP/USD hit its highest mark in over 14 years!

Wow! I am really keeping an eye out for the Bears to come out of the woods soon.

Shotgun Ready!!!!



Monarch
Kinda contridicts to what you were saying earlier aren't u?
  • #1,326
  • Dec 11, 2006 9:17pm Dec 11, 2006 9:17pm
See how our charts differ
  • #1,327
  • Dec 11, 2006 9:18pm Dec 11, 2006 9:18pm
woops here's the chart
Attached Image
  • #1,328
  • Edited Feb 2, 2007 5:50pm Dec 11, 2006 9:22pm | Edited Feb 2, 2007 5:50pm
Here is the Rise and Fall Peeps!

High December 1st at 1.9846

Low December 10th at 1.9464

Retrace --- and ---- BAM !

There you go 1.9698 at the 61.8% Fibo.

Nice Place for a sweet "Short Entry."

show me the money!

Monarch
  • #1,329
  • Dec 11, 2006 9:29pm Dec 11, 2006 9:29pm
Nice call It is something how the fibs work. Not trying to get the cart before the horse it still has to play out. But looks good.
  • #1,330
  • Dec 11, 2006 9:32pm Dec 11, 2006 9:32pm
Quoting monarch
I have a Entry Waiting at the 1.9698 - Stop at 1.9750 - Target 1.9340

I will also have a Second Entry Waiting Short at 1.9730 for the extended area above the 61.8% area. This will allow me to make an additional 32 pips above my initial Entry of 1.9698, and possibly hit the maximum in this retracement. I

If it does not hit it will be okay with me, I will be set already for the Wave "C" Down.

Monarch
I said it taste like chicken - that does not make it a chicken though.

If you will look at my post (oh here it is for you)

I have been watching them take the Bull by the horns, and I am waiting at the top for the little ride down my honey.

I am only observing this movement, I am in no positions as of now.

I am a retracement trader this week - so therefore I am not contradicting myself, but predicting myself - and its happening right before your eyes!

Monarch
  • #1,331
  • Dec 11, 2006 9:36pm Dec 11, 2006 9:36pm
If you plan to be a retractment trader for the week, have you looked into Mouteki system? It is based on a reversal of trends. But, then again the system has failed for the past week or so. Do be careful! plus people suggest that it should be used with filters. Currently cable seems bullish i'll ride it for 20 pips ..
  • #1,332
  • Dec 11, 2006 9:40pm Dec 11, 2006 9:40pm
I am expecting the price to cool at least 40 pips when we hit the 1.9627.

This will take it back down to 1.9590 area

This R1 Daily area should provide a nice little channel top for the next few hours.

Monarch
  • #1,333
  • Dec 11, 2006 9:42pm Dec 11, 2006 9:42pm
How did the Conference go?

Glad to see you back!

Monarch
  • #1,334
  • Dec 11, 2006 9:49pm Dec 11, 2006 9:49pm
Had a great time!
Even the conference was pretty good.
Went to too many classes though.
All in all, it was worth it.


Quoting monarch
How did the Conference go?

Glad to see you back!

Monarch
  • #1,335
  • Dec 11, 2006 9:53pm Dec 11, 2006 9:53pm
I am leaving for Christmas Vacation Friday till the end of the year. When I get back lets have lunch, and you can fill me in on everything. I am excited to hear about it.

Monarch
  • #1,336
  • Edited Feb 2, 2007 5:50pm Dec 11, 2006 10:23pm | Edited Feb 2, 2007 5:50pm
Chart 4 Hour
  • #1,337
  • Dec 11, 2006 10:47pm Dec 11, 2006 10:47pm
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Cable Trader

Good to see you.

Nice Thread!

Monarch
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  • #1,338
  • Dec 11, 2006 10:55pm Dec 11, 2006 10:55pm
Thanks

So what you guys do now? long or short?


Quoting monarch
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Cable Trader

Good to see you.

Nice Thread!

Monarch

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"Invest With The Insiders, Not The Masses" George Muzea
  • #1,339
  • Dec 11, 2006 11:02pm Dec 11, 2006 11:02pm
I entered a Short at 1.9623, looking for a 10-15 pip pickup - just testing a few indicators I am using, plus I stated this was going to happen a post while ago.

Never hurts to test the waters.

Still expect Long for a up to 1.9700 area.

Monarch
  • #1,340
  • Dec 11, 2006 11:45pm Dec 11, 2006 11:45pm
You trade intraday or long term?



Quoting monarch
I entered a Short at 1.9623, looking for a 10-15 pip pickup - just testing a few indicators I am using, plus I stated this was going to happen a post while ago.

Never hurts to test the waters.

Still expect Long for a up to 1.9700 area.

Monarch
"Invest With The Insiders, Not The Masses" George Muzea
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