"life is a lesson, you'll learn it when you're through"
- #4,706
- Jan 1, 2008 10:31pm Jan 1, 2008 10:31pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Thank you guys for the price update 
As long as CABLE remains below 1.9956 (50% Fibbo)... chances to go down deeper highly possible. If break that 50% Fibbo... have to wait for confirmation at 61.8% Fibbo which is at price 1.9990. Above that... the Mighty BULL will overrule the weakening BEAR.
Not to forget the NEWS later on. That will change/move the whole course as what happened last Monday Night... Green News for US.
As right now... still a minor retracement taken place. Best action is wait after the news... then take action. As for now... I would go for SELL FROM BOUNCE. Breaking 1.9990... I'll change strategy to Buy From Dip. This is my PLAN for today. You should have your own plan.
A.Y.O.R.
As long as CABLE remains below 1.9956 (50% Fibbo)... chances to go down deeper highly possible. If break that 50% Fibbo... have to wait for confirmation at 61.8% Fibbo which is at price 1.9990. Above that... the Mighty BULL will overrule the weakening BEAR.Not to forget the NEWS later on. That will change/move the whole course as what happened last Monday Night... Green News for US.
As right now... still a minor retracement taken place. Best action is wait after the news... then take action. As for now... I would go for SELL FROM BOUNCE. Breaking 1.9990... I'll change strategy to Buy From Dip. This is my PLAN for today. You should have your own plan.
A.Y.O.R.
- #4,707
- Jan 1, 2008 10:35pm Jan 1, 2008 10:35pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Hi Sham...MB Trading/EFX Group opened earlier....I think Oanda did as well.
MG
Where have you been? Haven't heard from you for a long time? - #4,708
- Jan 1, 2008 10:46pm Jan 1, 2008 10:46pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Thank you guys for the price update
Not to forget the NEWS later on. That will change/move the whole course as what happened last Monday Night... Green News for US.
As right now... still a minor retracement taken place. Best action is wait after the news... then take action. As for now... I would go for SELL FROM BOUNCE. Breaking 1.9990... I'll change strategy to Buy From Dip. This is my PLAN for today. You should have your own plan.
A.Y.O.R.
- #4,709
- Jan 1, 2008 10:56pm Jan 1, 2008 10:56pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
This is what I got on my platform at the moment. Still not open yet. Let see if those 50% and 61.8% WHITE Fibbo line will be broken... on my H1 chart. If NOT... I see 100% white Fibbo as my 1st target... then 161.8% Red Fibbo Extension as my 2nd target... on H4 chart.
If Cable go beyond 2.0000... and come back above UPTREND blue dotted lines... Cable will test 2.0100 again
Too much TA... it's FA what we should concentrate on as VERY VERY VERY important news coming out this month. That is the IR announcement by BOE and FED. Thus all these small news coming out at the last minutes are very important as well as it will highly affected the JUDGMENT of CUTTING or FIXING or HIKING the IR.
If Cable go beyond 2.0000... and come back above UPTREND blue dotted lines... Cable will test 2.0100 again
Too much TA... it's FA what we should concentrate on as VERY VERY VERY important news coming out this month. That is the IR announcement by BOE and FED. Thus all these small news coming out at the last minutes are very important as well as it will highly affected the JUDGMENT of CUTTING or FIXING or HIKING the IR.
- #4,712
- Jan 1, 2008 10:58pm Jan 1, 2008 10:58pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
how are you? has trading in malaysia begun already? it does not resume here until 2am est.
How are you? My broker still sleeping.... opening at 1am EST. There are some brokers already opened for business. Some members here been updating the current price. - #4,713
- Jan 1, 2008 11:10pm Jan 1, 2008 11:10pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Something to be aware of. Just points to consider if doing FA.
No harm in reading... DIGESTING is what matters. - #4,714
- Jan 1, 2008 11:14pm Jan 1, 2008 11:14pm
I am good my friend
:...erm...jumping line right now...badly quote..
Patience is virtue
- #4,715
- Jan 1, 2008 11:15pm Jan 1, 2008 11:15pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
I am good my friend
- #4,716
- Jan 1, 2008 11:28pm Jan 1, 2008 11:28pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Im good as well, can't wait to get back to trading. I want to start off the year on a positive note. I finished last yr. much better than expected, things are really falling into place. I can only hope that it continue. I would love to be a domestic engineer like yourself. I believe that it pays off quite a great deal and also makes you, your own boss. The latter is the most important. So, here's to above par trading this year, so that, we can be.............. ......truly free.
My New Year Resolution or Goal is... I want to achieve FINANCIAL FREEDOM by the end of the year. Clearing all my debt. No more CREDIT CARDS... only DEBIT CARDS Lots of things have been learnt on 2007. Up and Down. Good and Bad. Lets not repeat the same mistakes and keep on IMPROVISING the good things to become better. COMPLAISANCE is the main enemy.
TOGETHER WE GROW... TOGETHER WE EVOLVE.
- #4,717
- Jan 1, 2008 11:39pm Jan 1, 2008 11:39pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
yep..yep..sorry for misleading us recession
The most important is... in any Judgment or Decision... got to back it up with ANALYSIS and Reasoning. That is BETTER than GUESSING and GAMBLING
Nothing certain in this hazardous business. Just secure yourself with wise MM and know when to say STOP... and be prepared for the opposite of what have been Analyzed of Forecast. Remember that we are all just ANCHOVIES... not SHARKS and WHALES. That is the KEY.
- #4,718
- Jan 1, 2008 11:57pm Jan 1, 2008 11:57pm
Nothing wrong with that... just like forecasting the weather. No one can be 100% accurate on this.
The most important is... in any Judgment or Decision... got to back it up with ANALYSIS and Reasoning. That is BETTER than GUESSING and GAMBLING
Nothing certain in this hazardous business. Just secure yourself with wise MM and know when to say STOP... and be prepared for the opposite of what have been Analyzed of Forecast. Remember that we are all just ANCHOVIES... not SHARKS and WHALES. That is the KEY.
Dont worry, together we help each other and do analysis , one day i believe ikan bilis can become big fish too. The more we do and the more we will learn. Good luck in 2008. Im down almost 600 pips on my GJ, i still think it would retrace back to 228. Last entry was at strong resistance at 222.00.
Monthly Profit & Lost :-
May - +85 pips
- #4,720
- Jan 2, 2008 12:46am Jan 2, 2008 12:46am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I see a DOWNTREND CHANNEL is forming on D1 Chart Now that the current price is at the MIDDLE of the Channel... it either can go UP to the UPPER Resistance until 2.01xx area or drop DOWN to the LOWER Support until 1.96xx area. Only NEWS / US & UK Economic Data will determine that.
Anyone else see this?
Now that the current price is at the MIDDLE of the Channel... it either can go UP to the UPPER Resistance until 2.01xx area or drop DOWN to the LOWER Support until 1.96xx area. Only NEWS / US & UK Economic Data will determine that.Anyone else see this?
