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Daily Cable Analysis

  • #601
  • Jan 8, 2007 1:54am Jan 8, 2007 1:54am
Monarch please stay... Some people are just ignorant and must be ignored.
trading on demo is not trading
  • #602
  • Jan 8, 2007 2:00am Jan 8, 2007 2:00am
Could anybody explain me why Monarch is upset?
  • #603
  • Jan 8, 2007 2:00am Jan 8, 2007 2:00am
closed out half stop to b/e
  • #604
  • Jan 8, 2007 2:03am Jan 8, 2007 2:03am
perhaps i should clarify my msg, its supposed to be thanks and thats all, nothing more to it. (hope none uses it as a knife.) when msgs are short and unclear, it tends to be misunderstood easily.

Quoting barakah
scares me when reading between your lines, could you be having double short entries below 61.8, tp at line drawn 308, ... ... your acc must be huge...
Right teaching produces right believing leads to right living. - J.P
  • #605
  • Jan 8, 2007 2:05am Jan 8, 2007 2:05am
Quoting iiivb
Could anybody explain me why Monarch is upset?
cause he's an artist!
  • #606
  • Jan 8, 2007 2:06am Jan 8, 2007 2:06am
Quoting 59fender
cause he's an artist!
Like Elvis or like Van Gogh? I would not like to know he cut his ear off too!
  • #607
  • Jan 8, 2007 2:08am Jan 8, 2007 2:08am
Quoting iiivb
Could anybody explain me why Monarch is upset?
I am not really upset, but it does irritate me when someone may question my intentions. I guess some have an opposing view to my remarks, and that is understandable. I know for a fact that when your in a Long, I am usually in a Short, and vice-versa, but that does not make me question your intentions, you may be reading some different data than I, and would confirm your strategy, but not mine.

No problem here, I just ask that traders trade their own strategy, and if any thing I post here can be of help, than that is all I want out of this thread.
  • #608
  • Jan 8, 2007 2:12am Jan 8, 2007 2:12am
During the 1 Hour Frankfurt open to the London open, I have the Low at 1.9308 and have drawn a line there for the downward movemement expected upcoming. I will take a Short once there is a new candle 5 minute open under this price line.

I am in a Long still.
  • #609
  • Jan 8, 2007 2:15am Jan 8, 2007 2:15am
fyi, the 40 pips already in the bag, missed buying at your invisible line 208, argh... can't wait for another drop.
Right teaching produces right believing leads to right living. - J.P
  • #610
  • Jan 8, 2007 2:16am Jan 8, 2007 2:16am
It just a misunderstanding i guess.they just wonder about the size of your account not anything. hope it clear the problem.shall we back to chart? btw here on ff always mark by "trade on your on risk" so I hope all of you guys really understand about it.come on...let's get back to the chart.
  • #611
  • Edited 2:41am Jan 8, 2007 2:18am | Edited 2:41am
Monarch, you are a good guy. I met you since I began posting here @ FF and I am sure your intentions are clean and clear.

Sometimes this market gets us kind of crazy, but you know what? Look at your thread, it has had a huge success, and that is because you are helping a lot of people, and that is the important issue.

Maybe you will find some people questioning your intentions, results, data, strategies, etc... but do not leave all the rest of the people that is being helped by you... they need you in order to succeed.

I really regret the misunderstanding we had months ago, but I never doubted you are a good guy... hope you can continue helping a lot of traders that are wishing to become true the forex dream... you are a very important clue in that path for a lot of traders... do not leave that way just because a single comment of somebody questioning you...

iiivb


Quoting monarch
I am not really upset, but it does irritate me when someone may question my intentions. I guess some have an opposing view to my remarks, and that is understandable. I know for a fact that when your in a Long, I am usually in a Short, and vice-versa, but that does not make me question your intentions, you may be reading some different data than I, and would confirm your strategy, but not mine.

No problem here, I just ask that traders trade their own strategy, and if any thing I post here can be of help, than that is all I want out of this thread.
  • #612
  • Jan 8, 2007 2:22am Jan 8, 2007 2:22am
Quoting barakah
fyi, the 40 pips already in the bag, missed buying at your invisible line 208, argh... can't wait for another drop.
The 1.9308 is the line I place to show when to enter a Short, but not until a 5 minute candle opens under the line without the Candle Body/Wick touching the line.

Right now, I am in a Long, waiting for price to taper off before making my exit.
  • #613
  • Jan 8, 2007 2:26am Jan 8, 2007 2:26am
no worries, keep to your thread, i'll follow instinctively, if you have a disciple to follow and start a aud/jpy thread, that'll be great, lol. ok lets watch the mini bull turn to bear if the 5 min agrees.
Right teaching produces right believing leads to right living. - J.P
  • #614
  • Jan 8, 2007 2:30am Jan 8, 2007 2:30am
Quoting barakah
no worries, keep to your thread, i'll follow instinctively, if you have a disciple to follow and start a aud/jpy thread, that'll be great, lol. ok lets watch the mini bull turn to bear if the 5 min agrees.
There was a time I traded 7 different currencies at one time, boy that was crazy, made some profit, but never had the time to analyze complete.

Okay, lets watch price for now.
  • #615
  • Jan 8, 2007 2:30am Jan 8, 2007 2:30am
another intresting view....
Attached Image
  • #616
  • Jan 8, 2007 2:31am Jan 8, 2007 2:31am
Hello everyone,

I am long after a retracement of 50% on the 15min chart.

I entered at 50% retracement, old highs and a TD trendline.
The price, during the assian session was incapable to go lower so i looked for a long .I entered at 5a 0% retracement, old highs and a TD trendline : 1.9302. Right now i am + 28 pips.

I am looking also for a bounce at 1.9349 - 1.9362. We have there on the 15 min chart a 62% retracement from the friday's high to friday's low , 200 EMA, old lows, M3 daily pivot, 1.27 extension for my trade.

Ooops...meantime i exit for a 30 pips profit.

Good hunting.


Quoting monarch
The 1.9308 is the line I place to show when to enter a Short, but not until a 5 minute candle opens under the line without the Candle Body/Wick touching the line.

Right now, I am in a Long, waiting for price to taper off before making my exit.
  • #617
  • Jan 8, 2007 2:34am Jan 8, 2007 2:34am
What is that red line the price is now sitting upon?
  • #618
  • Jan 8, 2007 2:36am Jan 8, 2007 2:36am
Hi Monarch


I am new to FX and really appreciate your posts I for really hope you continue to post as I havea lot to lear. Hopefully some day if I ever master this I can contribute.

Regards

Koh
  • #619
  • Jan 8, 2007 2:43am Jan 8, 2007 2:43am
Quoting Koh Samet
Hi Monarch


I am new to FX and really appreciate your posts I for really hope you continue to post as I havea lot to lear. Hopefully some day if I ever master this I can contribute.

Regards

Koh
Most traders fail to make it past 1 year, so I hear.

The most important lesson you can learn is the lesson of not being completely prepared for what you have set out to do.

Preparation and and research is the foundation to learning and being a successful forex trader.

Pour yourself into learning everything under the sun on trading.

I wish you well.
  • #620
  • Jan 8, 2007 2:46am Jan 8, 2007 2:46am
Every posts put into this thread to me is valueable especially at this moment as my account is shrinking....: I need all the comments, ideas etc etc I can get my hands on and interpret them into whatever way I can....or I can just read off comments made from seasoned traders like most of you here and act on those ideas.....

So where is this baby heading next?
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