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Daily Cable Analysis

  • #181
  • Jan 4, 2007 11:43pm Jan 4, 2007 11:43pm
long from 80 and long from 88
  • #182
  • Jan 4, 2007 11:44pm Jan 4, 2007 11:44pm
will close one by the london open target is 25
Quoting dobbie11
long from 80 and long from 88
  • #183
  • Jan 4, 2007 11:44pm Jan 4, 2007 11:44pm
Quoting sadshir
I have 4 positions open!! Long EUR/USD 1.3173 & 1.3091 (I jumped into the market when going for the first one, I a begginer), Long GBP/USD 1.9431 & 1.9393.

I appreciate your comments on these!
I am not watching the EUR, but imagine it is going pip for pip with GBP.

I am holding Long for now, but still will release them if my line at 1.9374 becomes breached with a new 5 minute candle.

Price is moving up nicer today than the last two Pre London Opens.

This may be indication for some steam ahead. We will watch price movement.
  • #184
  • Jan 4, 2007 11:46pm Jan 4, 2007 11:46pm
just hit my sl on 9410.open trade short from last night./phew..at least no lose pips.my BEP on 9420.



Quoting monarch
Does anyone care to share what trades you have open now?

Just wondering what ideas everyone has.
  • #185
  • Jan 4, 2007 11:46pm Jan 4, 2007 11:46pm
I have a clear signal on one of my scalping indicators for Long.

Time Frames for 5Min,15Min,30Min,1Hr,4Hr,8Hr all have cleared this positions.

Just one more indicator I am using to watch price movement and directional indications.
  • #186
  • Jan 4, 2007 11:50pm Jan 4, 2007 11:50pm
Look for a bounce down @ 425 ( maybe 20 pips ) if it does not break 425 with some force , by the london open have 7 mins
Quoting monarch
I have a clear signal on one of my scalping indicators for Long.

Time Frames for 5Min,15Min,30Min,1Hr,4Hr,8Hr all have cleared this positions.

Just one more indicator I am using to watch price movement and directional indications.
  • #187
  • Jan 4, 2007 11:50pm Jan 4, 2007 11:50pm
Hi Monarch...I just finished reading through ur entire thread....the Analysis is excellent....Keep Up The Good Work.....While I was sleeping, my yesterday,s short @9429 with SL 9475 & TP 9360 was closed profitably. Also my long @9350 SL 9300 & TP 9429 was triggered. After reading ur last few posts, I am really tempted 2 increase my TP 2 atleast 9470 but will stick 2 my plan 4 now. Taking low @8835 & high @9846 the 50 fibo on my daily chart has already been hit. Yikes!! even as I type this price is just 12 pips short of my TP. Gotta increase typing speed... CHEERS...
  • #188
  • Jan 4, 2007 11:50pm Jan 4, 2007 11:50pm
Need to Close above the 1.9407 mark on the 1 Hour for a Clear on Fibo Retracemnt 61.8% will then become a support for upwards movement.

I am still watching for London open in 8 minutes, this will tell if we go up some more, or if it will stall and go back down.

Line marked at 1.9374 for Short position on 5 minute chart.

Holding Longs for now
  • #189
  • Jan 4, 2007 11:52pm Jan 4, 2007 11:52pm
Quoting dobbie11
Look for a bounce down @ 425 ( maybe 20 pips ) if it does not break 425 with some force , by the london open have 7 mins
Thanks dobbie, watching this mark now at open
  • #190
  • Jan 4, 2007 11:53pm Jan 4, 2007 11:53pm
Quoting forexnovice
Hi Monarch...I just finished reading through ur entire thread....the Analysis is excellent....Keep Up The Good Work.....While I was sleeping, my yesterday,s short @9429 with SL 9475 & TP 9360 was closed profitably. Also my long @9350 SL 9300 & TP 9429 was triggered. After reading ur last few posts, I am really tempted 2 increase my TP 2 atleast 9470 but will stick 2 my plan 4 now. Taking low @8835 & high @9846 the 50 fibo on my daily chart has already been hit. Yikes!! even as I type this price is just 12 pips short of my TP. Gotta increase typing speed... CHEERS...
Keep us updated with totals.
  • #191
  • Jan 4, 2007 11:54pm Jan 4, 2007 11:54pm
First profit target reached (1.9430), partial position liquidation.
  • #192
  • Jan 4, 2007 11:55pm Jan 4, 2007 11:55pm
This will help see the price movement a lot clearer for the next little while.

Thinking about releasing 1 Long position.

If price dips here at open, could save profits, then if if holds, I will re-enter long.
  • #193
  • Jan 4, 2007 11:57pm Jan 4, 2007 11:57pm
closed one position at 30 one open for 8- with a stop at 405. the 425 is holding as support now see if it holds
Quoting monarch
Thanks dobbie, watching this mark now at open
  • #194
  • Jan 4, 2007 11:57pm Jan 4, 2007 11:57pm
I closed both Longs here for now, I will re-evaluate it momentarily
  • #195
  • Jan 4, 2007 11:59pm Jan 4, 2007 11:59pm
I am watching the 1.9396 mark for support here, and also if price dips on the 5 Min. below the 1.9374 mark and opens a new candle.

No positions opened.
  • #196
  • Jan 5, 2007 12:03am Jan 5, 2007 12:03am
The movement up from Low 1.9374 to High at 1.9432 shows the Fibos as follows:

38.2 % 1.9410 (Bounced it at London Open
50% 1.9403 (This was the point we exited our Short last night)
61.8% 1.9396 (Key point in this period of strategy)
  • #197
  • Jan 5, 2007 12:07am Jan 5, 2007 12:07am
long frm 9350 just closed @ 9429 prior 2 london open....Another long entry is waiting @ 9400 retracement frm london open....SL 9375..TP 9460
  • #198
  • Jan 5, 2007 12:08am Jan 5, 2007 12:08am
What positions are you guys in now?
  • #199
  • Jan 5, 2007 12:09am Jan 5, 2007 12:09am
still have one open will let the stop take it out still be up 21 pips and already 38 pip profit. Not sure on price action seems confused but everything still showing long. But yet again we are speaking of good ole cable here
Quoting monarch
I am watching the 1.9396 mark for support here, and also if price dips on the 5 Min. below the 1.9374 mark and opens a new candle.

No positions opened.
  • #200
  • Jan 5, 2007 12:09am Jan 5, 2007 12:09am
TP is 9450 not 9460
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