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Daily Cable Analysis

  • #501
  • Jan 5, 2007 1:24pm Jan 5, 2007 1:24pm
Quoting forexian
Hi Guys, Thanks for this informative (and entertaining) thread. I am relatively new to Forex (been trading for 3 months now) but I´m learning fast thanks to FF and to you guys oh, and by the way, I am 45 years old (no fib!)

@ monarch
try to search for a program called (Refresher 1.2 Beta), it is a small program that looks like a browser (using IE´s engine) where you can set any time interval you like to refresh the page you are monitoring automatically. You can even open multiple windows in the same browser. It is free and clean from any spyware. I am using it right now, and it works very well.

I wish you all a lot of pips


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=celltitles_categ vAlign=top></TD></TR></TBODY></TABLE>
Thank you forexian Iwill start this tomorrow. Appreciate the assisitance.
  • #502
  • Jan 5, 2007 1:24pm Jan 5, 2007 1:24pm
Great man thanks I will look at this later I am beat and need to get a few things done. Then hit the hay
Quoting kharvell
Alright guys, I did it.... Let me know what ya think

http://www.forexfactory.com/forexfor...344#post177344
  • #503
  • Jan 5, 2007 1:26pm Jan 5, 2007 1:26pm
Quoting kharvell
Alright guys, I did it.... Let me know what ya think

http://www.forexfactory.com/forexfor...344#post177344
I went quickly to the thread, I will let someone else be the first member to post. I will read this during the weekend, hope you get that mac to work for some pictures of your charts.


Thanks.
  • #504
  • Jan 5, 2007 1:29pm Jan 5, 2007 1:29pm
You have done a GREAT job we should kick some butt with this thread
Quoting monarch
Lets just say from here out, we will trade serious during the week, and when friday comes we will take our shoes off and do some chatting.

NFP finished and market is bouncing on a thread - nowhere.

This would be my idea of a relaxing and pondering finish from a stressful week of no sleep. (16 Hours of sleep since Sunday Night Open) My wife sleeps that in two days. I am dead tired and still have to do payroll for 50 men.

Someone pat me on the back, come on Dobbie help a guy out....
  • #505
  • Jan 5, 2007 1:35pm Jan 5, 2007 1:35pm
Well folks I am outta here for now. It was a great week over 300pips. Lets all keep up the good work.
  • #506
  • Jan 5, 2007 2:01pm Jan 5, 2007 2:01pm
It is noon, gotta go to my other job.

Have a great weekend everyone.
  • #507
  • Jan 5, 2007 2:13pm Jan 5, 2007 2:13pm
Quoting dobbie11
Circo, which time zone are u in. I will post my templates for u this weekend. But I will most likely have to explain them to u by IM or on here. As far as the short I would hold it till 2 mins before the market closers and see but if it goes to far up for your wallet then close it. We can not win them all.
I'm looking at 15 mins chart now. But usually I use larger time frame. Sure, u can explain to me thru yahoo mess if u want to. Thanks a LOT dobbie11
  • #508
  • Jan 5, 2007 2:14pm Jan 5, 2007 2:14pm
well, i think the market is death now....

monarch, hope you post thread like no 2 again next week, and you are good analis , but i was late following.

good for everyone that have good weeks.
i am going serius next week ( learn and profit )
until friday.

i worry about price jump ( make gap ) on sat and sun. i better locking again.

Hope this thread is going and going .
I Deeply Love My Virtual Life In Virtual World , RLC
  • #509
  • Edited Feb 2, 2007 5:49pm Jan 5, 2007 5:36pm | Edited Feb 2, 2007 5:49pm
Here is the Daily Chart showing the Gap that was in the price on 11-24 to 11-26

The Price Gap is missing from 1.9312 to 1.9380.

We filled this gap during todays session.
  • #510
  • Edited Feb 2, 2007 5:49pm Jan 5, 2007 5:50pm | Edited Feb 2, 2007 5:49pm
Fibo Retracement Setup

Low was 1.8835 11-12-06

High was 1.9846 11-26-06

Fibo Retracement

38.2% 1.9462 (reached)
50% 1.9342 (reached)
61.8% 1.9223 (came within 40 pips from reaching Friday 1-5-07)

Still expecting the 61.8% Fibo to possibly hit at the Open Sunday.

I have a Long Waiting at 1.9229 for this drop, then I predict price increase to 1.9446 the 38.% Fibo retracement on this weeks downward movement.

I will post more chart through the weekend before open.
  • #511
  • Edited Feb 2, 2007 5:49pm Jan 5, 2007 6:05pm | Edited Feb 2, 2007 5:49pm
This Channel shows where the price made a break into the lower channel.

I have the square marked where price would hit 1.9322 the Fibo 61.8% right at the bottom of the lower channel.

This is projection range at the open.

GBP has been known to go one direction at Market Open, then turn for the Long run of the week.

Have a entry waiting for the Bounce here, then predict an upwards move for the Fibo 38.2% of this weeks downward movement shown in the last post chart.
  • #512
  • Jan 5, 2007 6:07pm Jan 5, 2007 6:07pm
have you started the refresher? kinda irritating if set at 3 secs, what refresh rate do you use?
Right teaching produces right believing leads to right living. - J.P
  • #513
  • Jan 5, 2007 6:08pm Jan 5, 2007 6:08pm
Quoting barakah
have you started the refresher? kinda irritating if set at 3 secs, what refresh rate do you use?
I will be using the F5 button instead, I may be in the middle of reading and I don't want to lose my concentration.

This would be better I think.
  • #514
  • Jan 5, 2007 6:09pm Jan 5, 2007 6:09pm
Quoting monarch
I will be using the F5 button instead, I may be in the middle of reading and I don't want to lose my concentration.

This would be better I think.
My son has two basketball games right now, gonna be great.

See you all tomorrow probably.

Have a Great Weekend!
  • #515
  • Edited Mar 3, 2007 2:57pm Jan 5, 2007 8:38pm | Edited Mar 3, 2007 2:57pm
Quoting monarch
This Channel shows where the price made a break into the lower channel.

I have the square marked where price would hit 1.9322 the Fibo 61.8% right at the bottom of the lower channel.

This is projection range at the open.

GBP has been known to go one direction at Market Open, then turn for the Long run of the week.

Have a entry waiting for the Bounce here, then predict an upwards move for the Fibo 38.2% of this weeks downward movement shown in the last post chart.
hindsight, oh beautiful hindsight. who says price patterns dont work to the pip; well almost, this pattern missed it by 8 pips LOL

double top 9750, swing low and trigger 9511, giving 240 odd pips on break.

low of today, 9262.........surprise surprise 9262+240=????? 9502 !!!!8pips from trigger

see chart.

Now for the lesson to us pattern followers: How do you boil frog in boiling water?
answer: put it in water, slowly raise the temperature, until it boils, the frog will go to sleep, and bingo, frog boiled to death.
analogy: stay awake. trade what you see, but make sure you see what is in front of you.
confession: I am a frog

good weekend all
g
edit: sorry, had to put this on top. an outside bar triggers the pattern! talking about confluence of events. no fibs, no indicators, pure price. only the fib expansion to measure the move.....then again, the question is:
Why oh why didnt i take it?
FROG (err, nothing against the French....LOL)
With a break always expect a pullback, otherwise, you're dead meat/
  • #516
  • Jan 6, 2007 12:21am Jan 6, 2007 12:21am
Quoting ghitz
hindsight, oh beautiful hindsight. who says price patterns dont work to the pip; well almost, this pattern missed it by 8 pips LOL

double top 9750, swing low and trigger 9511, giving 240 odd pips on break.

low of today, 9262.........surprise surprise 9262+240=????? 9502 !!!!8pips from trigger

see chart.

Now for the lesson to us pattern followers: How do you boil frog in boiling water?
answer: put it in water, slowly raise the temperature, until it boils, the frog will go to sleep, and bingo, frog boiled to death.
analogy: stay awake. trade what you see, but make sure you see what is in front of you.
confession: I am a frog

good weekend all
g
edit: sorry, had to put this on top. an outside bar triggers the pattern! talking about confluence of events. no fibs, no indicators, pure price. only the fib expansion to measure the move.....then again, the question is:
Why oh why didnt i take it?

(err, nothing against the French....LOL)
The real question is not "Why did I not take it?", but will I take the next formation that presents itself the way this one did?

I had a Short Entry waiting before Christmas at 1.9760. I used a Fibo Retracement and Wave Count projection to find the entry point.

"If I had left this alone" while I traveled Canada vacationing, presto, there she blows for a nice sweet profit.

I had an opportunity to make 498 pips to be exact,(probably would have pulled the plug sooner on this movement - cold feet at work here) but guess what, I had cold feet, I was going on vacation, and I stopped this Short Entry right before this move transpired.

I guess this is a lesson learned for both of us. I must completely read my data, project my proximate entry points, and follow through with my entry and exit strategies.

Hopefully we will be ready the next time, especially knowing that we have the right stuff to accomplish the right trades.

I still cleared many pips this week on the downward movement, but that was a Long Term that I had been eyeing for a nice 2 week trade.

Thanks for the post ghitz!
  • #517
  • Jan 6, 2007 1:54pm Jan 6, 2007 1:54pm
Well looking at my charts and doing some calculations....Looks like the market will break down from the point we are in now to 9262. I see a Bollinger squeeze and a breakout is going to occur and it looks like its going down from the next candle that formed before the market closed. Also a Double bottom formed at 9262 so there will be another attempt to break it but I dont think it will and reversal will come into play. If it breaks 9311 I think it will take out my 38.2 fibo and rise to 9333 and then eventually hit 9407.

I still have my longs in play and am down some money so this baby needs to rise!!
trading on demo is not trading
  • #518
  • Jan 6, 2007 3:39pm Jan 6, 2007 3:39pm
Thanks Monarch for the detailed charts you've provided! I was wondering when I should leave this very long short position, and will certainly keep my eye on your fib #!
  • #519
  • Edited 4:02pm Jan 6, 2007 3:51pm | Edited 4:02pm
Quoting kharvell
Thanks Monarch for the detailed charts you've provided! I was wondering when I should leave this very long short position, and will certainly keep my eye on your fib #!
kharvell, This is not directed at you personally, just what I have obseved some on some threads appear to be looking for.
I would suggest one figure out the answer to these questions for ones self. If you count on other posters to tell you when to get in and to get out I will promise you one thing...You will lose your money!
Not so much that the posters are not right some of the time, but no two people trade exactly the same and the interpretations will be differant.
You need to have an entry strategy and an exit strategy BEFORE you enter any position. If your strategy is what Monarch or anyone else says, you will loose.
Am I right Monarch?
It may be alright for ideas, but not for real positions and real money.
Be a trader not a follower, because what if Monarch is gone, then what you gonna do?
Good trading
  • #520
  • Jan 6, 2007 4:13pm Jan 6, 2007 4:13pm
Quoting Just1Pip
kharvell, This is not directed at you personally, just what I have obseved some on some threads appear to be looking for.
I would suggest one figure out the answer to these questions for ones self. If you count on other posters to tell you when to get in and to get out I will promise you one thing...You will lose your money!
Not so much that the posters are not right some of the time, but no two people trade exactly the same and the interpretations will be differant.
You need to have an entry strategy and an exit strategy BEFORE you enter any position. If your strategy is what Monarch or anyone else says, you will loose.
Am I right Monarch?
It may be alright for ideas, but not for real positions and real money.
Be a trader not a follower, because what if Monarch is gone, then what you gonna do?
Good trading
I appreciate your input, but please note that in my post I did not say I would follow Monarch's fib#, but simply keep my eye on it. As I have my own strategy preconceived, I have a general idea of when I will exit.

Again I appreciate your concern!
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