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Daily Cable Analysis

  • #401
  • Jan 5, 2007 11:04am Jan 5, 2007 11:04am
I have a double bottom on the Hourly.
  • #402
  • Jan 5, 2007 11:07am Jan 5, 2007 11:07am
Quoting kharvell
I didn't realize these regulations existed! Sorry Monarch....
Maybe a silent regulation, but it is proper Etiquette.

Thanks for your analysis, and I agree with a possible further down movement, like you said, it may come slowly.

  • #403
  • Jan 5, 2007 11:09am Jan 5, 2007 11:09am
Looking at my 4 hour Guppy... This baby is definately going to drop more... It will attempt to take out my 38.2 fibo of 9322 and I think It will rise to 50% fibo of 9340. Then it should drop to 9178-9112. Lets see if im right. Monarch I have really learned a lot from you. Just taking what i can get from you and trying to add my own spices to it....By the way im a Chef.
trading on demo is not trading
  • #404
  • Jan 5, 2007 11:09am Jan 5, 2007 11:09am
stopped out1.9312
  • #405
  • Jan 5, 2007 11:12am Jan 5, 2007 11:12am
Quoting enzo2325
Looking at my 4 hour Guppy... This baby is definately going to drop more... It will attempt to take out my 38.2 fibo of 9322 and I think It will rise to 50% fibo of 9340. Then it should drop to 9178-9112. Lets see if im right. Monarch I have really learned a lot from you. Just taking what i can get from you and trying to add my own spices to it....By the way im a Chef.
Agreed.
I've got my eye set on 1.9163
  • #406
  • Jan 5, 2007 11:14am Jan 5, 2007 11:14am
Quoting enzo2325
Looking at my 4 hour Guppy... This baby is definately going to drop more... It will attempt to take out my 38.2 fibo of 9322 and I think It will rise to 50% fibo of 9340. Then it should drop to 9178-9112. Lets see if im right. Monarch I have really learned a lot from you. Just taking what i can get from you and trying to add my own spices to it....By the way im a Chef.
Thanks for the analysis, I agree with the Fibo test at 1.9322, this is where I will probably release my Longs, but may hold if indicators shows a little more push up.

1.9340-3 would be the max from this NFP movement in retracement today I believe. We probably need to get ready to watch for indication on a Short down to 1.9222 and maybe some beyond. I will evaluate this over the weekend for supports pivots and updating all my Fibo's and Channels.

Thanks.
  • #407
  • Jan 5, 2007 11:17am Jan 5, 2007 11:17am
1.9222 Did you get that from S1 of the monthly chart?
trading on demo is not trading
  • #408
  • Jan 5, 2007 11:19am Jan 5, 2007 11:19am
Why so much resistance @ 1.9309?
trading on demo is not trading
  • #409
  • Jan 5, 2007 11:19am Jan 5, 2007 11:19am
this scalping today is driving me crazy still long from my 300. Went short at 282 and picked up 9 pips then long from 285 and just close the 300 and made 4 pips, keeping the 285 open long. Think I may go short again. at 300. Man heck of a way to make some pips. looking for 318 will close long and go short again. After that Fed guy talks and he better talk good I am done.
Quoting monarch
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.
  • #410
  • Jan 5, 2007 11:21am Jan 5, 2007 11:21am
Quoting enzo2325
Looking at my 4 hour Guppy... This baby is definately going to drop more... It will attempt to take out my 38.2 fibo of 9322 and I think It will rise to 50% fibo of 9340. Then it should drop to <?XML:NAMESPACE PREFIX = SKYPE /><SKYPE:SPAN onmouseup="javascript:skype_tb_imgOnOff(this,1,'0',true,16,'');return skype_tb_stopEvents();" class=skype_tb_injection oncontextmenu="javascript:skype_tb_SwitchDrop(this,'0','sms=1');return skype_tb_stopEvents();" onmousedown="javascript:skype_tb_imgOnOff(this,2,'0',true,16,'');return skype_tb_stopEvents();" id=softomate_highlight_0 onmouseover="javascript:skype_tb_imgOnOff(this,1,'0',true,16,'');" title="Call this phone number in Singapore with Skype: +6591789112" onclick="javascript:doRunCMD('call','0',null,0);return skype_tb_stopEvents();" onmouseout="javascript:skype_tb_imgOnOff(this,0,'0',true,16,'');" context="9178-9112"><SKYPE:SPAN onmouseup="javascript:doSkypeFlag(this,'0',1,1,16);return skype_tb_stopEvents();" class=skype_tb_imgA onmousedown="javascript:doSkypeFlag(this,'0',2,1,16);return skype_tb_stopEvents();" id=skype_tb_droppart_0 onmouseover="javascript:doSkypeFlag(this,'0',1,1,16);" title="Change country code ..." style="BACKGROUND-IMAGE: url(C:\DOCUME~1\yunita\LOCALS~1\Temp\__SkypeIEToolbar_Cache\d632e8e4efb12ac2f8b4c147250be8b2\static\inactive_a.compat.flex.w16.gif)" onclick="javascript:doHandleChdial(this,1,'0',1);return skype_tb_stopEvents();" onmouseout="javascript:doSkypeFlag(this,'0',0,1,16);"><SKYPE:SPAN class=skype_tb_imgFlag id=skype_tb_img_f0 style="BACKGROUND-IMAGE: url(C:\DOCUME~1\yunita\LOCALS~1\Temp\__SkypeIEToolbar_Cache\d632e8e4efb12ac2f8b4c147250be8b2\static\famfamfam/SG.gif)"></SKYPE:SPAN></SKYPE:SPAN><!-- left number: image --><SKYPE:SPAN class=skype_tb_imgS id=skype_tb_img_s0></SKYPE:SPAN><!-- number part: resizable --><SKYPE:SPAN class=skype_tb_injectionIn id=skype_tb_text0><!-- self number: resizable --><SKYPE:SPAN class=skype_tb_innerText id=skype_tb_innerText0>9178-9112</SKYPE:SPAN> </SKYPE:SPAN><!-- right number: image --><SKYPE:SPAN class=skype_tb_imgR id=skype_tb_img_r0></SKYPE:SPAN></SKYPE:SPAN>. Lets see if im right. Monarch I have really learned a lot from you. Just taking what i can get from you and trying to add my own spices to it....By the way im a Chef.
U mean now??
  • #411
  • Jan 5, 2007 11:22am Jan 5, 2007 11:22am
Thank you very much for all your analysis Monarch... your on the PIPS..
  • #412
  • Jan 5, 2007 11:23am Jan 5, 2007 11:23am
Quoting kharvell
Agreed.
I've got my eye set on 1.9163
I actually see us dropping to 1.9197 for a 50% Fibo on the Monthly and 61.7% at 1.9047.

I do not believe it will just land slide that far right now, I expect some comeback in the open of next week.

This thing had a great bull momentum, and it is not going to tuck its head in 1 week and give in.

Right now we are at 486 pip drop from the high to low this month.

And in my swing setup we are at 486 pips also, actually this is all in 1 weeks time.

Look for some retracement soon, before selling your houses.

38.2% retracement from this weeks downward movement would be back up to 1.9448 level.

I don't know about that, we may drop to the 1.9222 at market open, then jump up those 185 pips to cover the Fibo.

Just a technical analysis of the charts and indicators.
  • #413
  • Jan 5, 2007 11:23am Jan 5, 2007 11:23am
kharvvel, I take it you are using the vegas system along with channels and price action. Am I correct in assumming this?
Quoting kharvell
I didn't realize these regulations existed! Sorry Monarch....
  • #414
  • Jan 5, 2007 11:23am Jan 5, 2007 11:23am
check these charts out
Attached Image
Ghost Swoopen in for my pips while no one is lookin !!
  • #415
  • Jan 5, 2007 11:24am Jan 5, 2007 11:24am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 177213" vAlign=top><TD class=alt1 align=middle width=125>c1ro</TD><TD class=alt2>U mean now??</TD></TR></TBODY></TABLE>Thats just what I think not know...
trading on demo is not trading
  • #416
  • Jan 5, 2007 11:25am Jan 5, 2007 11:25am
Monarch,

As I see that 4 hour is in oversold area. Will it rebound first to around 400 before going down again?
  • #417
  • Jan 5, 2007 11:25am Jan 5, 2007 11:25am
euro one now,
Attached Image
Ghost Swoopen in for my pips while no one is lookin !!
  • #418
  • Jan 5, 2007 11:26am Jan 5, 2007 11:26am
Quoting enzo2325
1.9222 Did you get that from S1 of the monthly chart?
61.8% Fibo on the Daily covering the from 11-15-06 to present.
  • #419
  • Jan 5, 2007 11:26am Jan 5, 2007 11:26am
From those charts it looks like they are both retracing...
trading on demo is not trading
  • #420
  • Jan 5, 2007 11:29am Jan 5, 2007 11:29am
Quoting enzo2325
Why so much resistance @ 1.9309?
This was the last Low we hit when we took off upwards on 11-27-06 - It has been above this point since then, now we are below this point and bumping our head on it. I will research longer term for more info.
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