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Daily Cable Analysis

  • #141
  • Jan 4, 2007 11:11pm Jan 4, 2007 11:11pm
, you forgot to state that the price will be reached within 2 more years.
Meanwhile, just adjust your sl to 1.00 if price starts pushing down, kekeke.

Quoting monarch
Hope your sitting down when I tell you this. LOL

Should go up to 2.0801 and maybe 2.1104 area.

Crazy huh?
Right teaching produces right believing leads to right living. - J.P
  • #142
  • Jan 4, 2007 11:12pm Jan 4, 2007 11:12pm
Quoting monarch
Feel free to share you GBP/USD data here when you have time.
The only thing I can say is that I am short GBPUSD @ 1.9439, with no stop-loss or limit (as usual)...
  • #143
  • Jan 4, 2007 11:30pm Jan 4, 2007 11:30pm
Quoting barakah
thats your new wave 1 top or wave 3 top assuming nfp pushes up?
That would be the continuation of Wave 5 on a Grand Super Cycle on the Monthly.
  • #144
  • Jan 4, 2007 11:32pm Jan 4, 2007 11:32pm
Quoting barakah
, you forgot to state that the price will be reached within 2 more years.
Meanwhile, just adjust your sl to 1.00 if price starts pushing down, kekeke.
I too am still laughing. It may take lets say 10 years to reach this goal.

Meanwhile I will be broke testing it out.
  • #145
  • Jan 4, 2007 11:35pm Jan 4, 2007 11:35pm
Quoting enzo2325
Wow thats some amazing news right there.


When do you think it might reach that?
Yea, just to think that it took 13 years to reach the level were at today.

These calculations are just that - calculations.

I ran a bunch of numbers of supports, tops, extensions to find this dandy.

I have no guarantees at this time, matter of fact I never had any guarantees.

Lets trade the smaller stuff now, worry about that in 2010. LOL
  • #146
  • Jan 4, 2007 11:40pm Jan 4, 2007 11:40pm
Quoting iiivb
The only thing I can say is that I am short GBPUSD @ 1.9439, with no stop-loss or limit (as usual)...
I have been running some trades without stop limits, it has been hard to get used to it when your upside down.

I think if the price shoots up here some before the London open, your entry short should hit after the drop from there.
  • #147
  • Jan 4, 2007 11:43pm Jan 4, 2007 11:43pm
Quoting c1ro
monarch,

Do u have any PF? I really like ur analysis. Love 'em
Thanks, but what is a PF?
  • #148
  • Jan 4, 2007 11:47pm Jan 4, 2007 11:47pm
We have reached a Low of 1.9349 and price has begun a small rise from there.

This Pivot was a S3 Weekly. Any type of S3 or R3 - Daily, Weekly or Monthly are known to hold, these pivots are a little tougher to breach than a 1 or 2.
  • #149
  • Jan 4, 2007 11:57pm Jan 4, 2007 11:57pm
..geez it shake me.i prefer to go down deep...deep...and deep.i dont think the nfp report will retrace the cable.i want to see cable on 9200ish...jrenggg..could be.crazy too?

Quoting monarch
Hope your sitting down when I tell you this. LOL

Should go up to 2.0801 and maybe 2.1104 area.

Crazy huh?
  • #150
  • Jan 5, 2007 12:04am Jan 5, 2007 12:04am
Quoting monarch
Hope your sitting down when I tell you this. LOL

Should go up to 2.0801 and maybe 2.1104 area.

Crazy huh?
I wasn't sitting down, but I now fell down.
How can you decide that? That is phenmenol(sp?)
Should I take a long?
  • #151
  • Jan 5, 2007 12:11am Jan 5, 2007 12:11am
This should keep your brain moving.

1 Hour Chart from 11-24-06 to 11-26-06 you have a gap.

This gap was instantly filled on 11-27-06 but here are some numbers to look at.

This is what I do when I am waiting for a strategy to happen, kinda like playing in the mud.

11-24-06 price vanishes at 1.9323 the re-appears at 1.9380 11-26-06 - a distance of 57 pips in the gap.

Take the Gap Distance dividide the 57 pips by 2 = 28 pips to center

The middle at 1.9351

Know you ask me, what does that mean to you Monarch.

Well this - We just filled that gap in 1/2, which would mean that we could find an actual pivot here, and then go up to the other gap that happened above and Fill 1/2 of that.

The Uppper gap is as follows;
12-29-06 price vanishes at 1.9580 then re-appears at 1.9615 on 1-1-07 - a 35 distance of 35 pips in the gap

Middle is 1.9598

Add the two middles 1.9351 and 1.9598 and divide in 2 = 123 which locates the price at 1.9475

Upon this strategy (just a whim strategy to kill the time and some money

I entered a Long at 1.9378 - and my Target will be 1.9475.

This is probably going to kill me, since the London Open usually drives price down.

We shall see if the London holds true, or if we have just reached a solid Support.

Not a recommendation, just having some fun while I wait for the NFP.

This is being traded with real money folks.
  • #152
  • Jan 5, 2007 12:13am Jan 5, 2007 12:13am
Quoting Just1Pip
I wasn't sitting down, but I now fell down.
How can you decide that? That is phenmenol(sp?)
Should I take a long?
If you take a Long you will have to change your name to Just0pip.

This is just things I look at while I have a few hours to kill waiting for something to really happen.

  • #153
  • Jan 5, 2007 12:16am Jan 5, 2007 12:16am
Quoting parlenk
..geez it shake me.i prefer to go down deep...deep...and deep.i dont think the nfp report will retrace the cable.i want to see cable on 9200ish...jrenggg..could be.crazy too?
I trembled and did a little jig when I was pressing the submit button for this outragous post.

You can see how wacked a guy can get sitting in front of a computer 18 hours a day.

Please take me away......:surprised
  • #154
  • Edited Feb 2, 2007 5:49pm Jan 5, 2007 12:40am | Edited Feb 2, 2007 5:49pm
High 1.9749
Low 1.9349

Total in this swing so far 400 pips - the largest swing since 12-1-06 which was 382 pips.

Looking at the Fibo

Retracement is as follows:

38.2% 1.9501 Slight Chance) would be great for my Long Strategy
50% 1.9549 (Maybe if NFP goes up)
61.8% 1.9595 (Maybe if NFP stays up)

Here is the 8 Hour Chart
  • #155
  • Jan 5, 2007 12:41am Jan 5, 2007 12:41am
Switching to 15 minute candle.

Watching Highs and Lows here.
  • #156
  • Jan 5, 2007 12:56am Jan 5, 2007 12:56am
Hi Monarch,
You deserve a big compliment and a great appreciation for your fantastic effort in here.
Thanks a lot
  • #157
  • Jan 5, 2007 12:56am Jan 5, 2007 12:56am
Good Evening folks ( Florida - USA ). So do we see the banks driving price up before the NFP or down. This wave has moved just below 161 level of the prior wave on the hourly chart. And now has 3 minor retracements within a the last 225 pip move down. Yet without a full retracement of the whole wave. But yet to the daily chart it is still within its desending banner and has yet to hit the bottom. I would think that we should have at least a 23 to 38% retracement of the whole wave befor going down again.
  • #158
  • Jan 5, 2007 12:57am Jan 5, 2007 12:57am
The past Two London Opens have seen a sharp decline in prices.

I expected a 3rd drop in price at todays Open.

With the price decrease we just had that went down to 1.9349, I have become hesitant to think that now we will see such a sharp drop off again.


The movement is what I am watching now, Observe the 1 hour between the Frankfurt Open Now and the London Open in 1 Hour.
  • #159
  • Jan 5, 2007 1:00am Jan 5, 2007 1:00am
Quoting dobbie11
Good Evening folks ( Florida - USA ). So do we see the banks driving price up before the NFP or down. This wave has moved just below 161 level of the prior wave on the hourly chart. And now has 3 minor retracements within a the last 225 pip move down. Yet without a full retracement of the whole wave. But yet to the daily chart it is still within its desending banner and has yet to hit the bottom. I would think that we should have at least a 23 to 38% retracement of the whole wave befor going down again.
There has been a big movement as you stated with the 225 pips down, we have not seen the 1 Hour retracement yet, but I think we will see a balance in price from now until the NFP Friday. This retracement on the 1 hour would place us at around 1.9501 for a 32.8% retracement.
  • #160
  • Jan 5, 2007 1:01am Jan 5, 2007 1:01am
Quoting newbieinfx
Hi Monarch,
You deserve a big compliment and a great appreciation for your fantastic effort in here.
Thanks a lot
I don't know how much I am actually helping, but I do know that we are learning much from daily observation.

Glad to have you on the thread.

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