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Daily Cable Analysis

  • #381
  • Jan 5, 2007 8:30am Jan 5, 2007 8:30am
man this is wild we still have bernanke speaking later
  • #382
  • Jan 5, 2007 8:30am Jan 5, 2007 8:30am
Quote
I just posted the possible Support area from a Fibo Setup on Daily.

On the Weekly I have a Fibo 61.8% at 1.9215 just 7 pips below the Daily Fibo Setup I just posted.

I think our systems are a bit different as I do not rely on fib #'s, but we'll just have to see what happens... I expect it to potentially break 1.92! Good luck to you sir
  • #383
  • Jan 5, 2007 8:31am Jan 5, 2007 8:31am
Quoting monarch
I am glad to hear you hit some profit. This week has taken us a little deeper than usual, and caught us off guard a bit. We have been spoiled lately, but this will help us stay on our toes for future references.

Post some charts over the weekend for us, and we will regroup at the Market open time.

Have a good couple days of rest.
right back attcha

will dive in the charts. It was awesome to watch you "knowing where we are" all of the time... Guess this will help me avoind late entries and precipitaded exits, that have been the cause of my recent losses.... Thank you again...
  • #384
  • Jan 5, 2007 8:34am Jan 5, 2007 8:34am
I don't know about you, but most people have cashed in on the big move here today, and are happy they made some profits.

I have for the past few months watched the market after it seems all is done.

Most of the big money and movers and shakers have gone home, and now it is just the little guys like us.

So what do we do?

Consider the push down they had on the market this week, those Sellers are gone and done until monday, so the majority will stay for the next few hours and piddle with small entries.

I personally do not even trade on NFP Fridays, but since I have this thread, I felt obligated to show up and participate with all you wonder Folks.

Thanks for coming and sharing, it is great.

Back to the question - what now for 4 hours?

Well, to be honest, I have several Longs opened now, and I expect some relief to be had, especially after the majority is done.

I will hang on to my Longs for a Close of Market selloff, and if the price goes down to 1.9220 area, I will know for sure Market Open Sunday I am going Long for the eager Bulls who lost positions this week.

Just a little note for those who care.
  • #385
  • Jan 5, 2007 8:38am Jan 5, 2007 8:38am
Quoting kharvell
I think our systems are a bit different as I do not rely on fib #'s, but we'll just have to see what happens... I expect it to potentially break 1.92! Good luck to you sir
We may have different views of how we read the data before us, but Kharvell I am sure you are using a lot of the same strategies and technical indicators I am.

I could place probably up to 10 different GBP positions at one time going in every direction to catch the most profit, and we have those abiblities. I prefer being a little on the side of caution, therefore I trade only several positions.
  • #386
  • Jan 5, 2007 8:38am Jan 5, 2007 8:38am
1.9304 looks like a nice place to short
  • #387
  • Jan 5, 2007 8:41am Jan 5, 2007 8:41am
Quote
We may have different views of how we read the data before us, but Kharvell I am sure you are using a lot of the same strategies and technical indicators I am.

I could place probably up to 10 different GBP positions at one time going in every direction to catch the most profit, and we have those abiblities. I prefer being a little on the side of caution, therefore I trade only several positions.

Well, as they say where ever they say it "To each his own." Thanks for all the efforts you obviously put in here!
  • #388
  • Jan 5, 2007 8:46am Jan 5, 2007 8:46am
close out short reverse long @85
  • #389
  • Jan 5, 2007 8:46am Jan 5, 2007 8:46am
..........


still wait

long 9590,9325
short 9295

time is so slowwww........ oh man

still wait
I Deeply Love My Virtual Life In Virtual World , RLC
  • #390
  • Jan 5, 2007 8:50am Jan 5, 2007 8:50am
haha notme, in my opinion it's going to go even lower, but Monarch doesn't think so... I think it will happen gradually though.. Good luck bud, and next time set a stop loss!
  • #391
  • Jan 5, 2007 8:52am Jan 5, 2007 8:52am
close out long @97
  • #392
  • Jan 5, 2007 8:53am Jan 5, 2007 8:53am
Quoting kharvell
haha notme, in my opinion it's going to go even lower, but Monarch doesn't think so... I think it will happen gradually though.. Good luck bud, and next time set a stop loss!
Considering in 4 hour chart is forming a double bottom and seemed to be exhausted maybe the S3 daily hardly to be broken. Just my opinion
  • #393
  • Jan 5, 2007 8:55am Jan 5, 2007 8:55am
Well, From 9:30 a.m and 10a.m gbp has touched the 38.2% 9322

Its about to make another attempt at it now. We will see if it can break through
trading on demo is not trading
  • #394
  • Jan 5, 2007 8:56am Jan 5, 2007 8:56am
Earlier this morning NFP pushed price to 1.9298 and I used this number for a support in depending a short. You can see that price broke below this number by 35 points down.

Now we are up against the bottom of this line, we hit above this line and we could have a (Short Term) Long in place.

I have a strategy for quick scalping and it is confirmed on the 1 min, 5 min, 15 min, Just waiting for the 1 Hour to jump in and confirm. Then I would be entered for a Long with a target of 10-15 pips.
  • #395
  • Jan 5, 2007 8:56am Jan 5, 2007 8:56am
Quoting kharvell
haha notme, in my opinion it's going to go even lower, but Monarch doesn't think so... I think it will happen gradually though.. Good luck bud, and next time set a stop loss!
i just wait for 9320-9325 to throw 9325.... and after that i hope is down.

i use stop loss to locking, i just not good to know when to throw , or which one to throw.

still learn.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #396
  • Jan 5, 2007 9:00am Jan 5, 2007 9:00am
Quoting kharvell
haha notme, in my opinion it's going to go even lower, but Monarch doesn't think so... I think it will happen gradually though.. Good luck bud, and next time set a stop loss!
Please refrain from these remarks to others - this is not the thread for this type of verbage.

Thank you.
  • #397
  • Jan 5, 2007 9:01am Jan 5, 2007 9:01am
short 1.9305 toght stop
  • #398
  • Jan 5, 2007 9:03am Jan 5, 2007 9:03am
Quoting c1ro
Considering in 4 hour chart is forming a double bottom and seemed to be exhausted maybe the S3 daily hardly to be broken. Just my opinion
C1ro, I did not even notice this, thanks.

That is what this thread is all about folks, sharing and helping others along the way to success.

Keep up the good observations everyone, I am reading and reviewing every single post for my eduactional desire.
  • #399
  • Jan 5, 2007 9:03am Jan 5, 2007 9:03am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 177192" vAlign=top><TD class=alt1 align=middle width=125>monarch</TD><TD class=alt2>Please refrain from these remarks to others - this is not the thread for this type of verbage.

Thank you.</TD></TR></TBODY></TABLE>I agree
trading on demo is not trading
  • #400
  • Jan 5, 2007 9:04am Jan 5, 2007 9:04am
Quoting monarch
Please refrain from these remarks to others - this is not the thread for this type of verbage.

Thank you.
I didn't realize these regulations existed! Sorry Monarch....
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