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Daily Cable Analysis

  • #741
  • Jan 8, 2007 1:19pm Jan 8, 2007 1:19pm
Quoting ghitz
hi there,

have a look at these 3 double bottroms

a) low at 8500
b) low at 8830
c)low at 9270....is this the start of the last move up

patterns work. keep an eye open
Appreciate the posted charts, I am looking them over now.
  • #742
  • Jan 8, 2007 1:24pm Jan 8, 2007 1:24pm
Quoting monarch
Appreciate the posted charts, I am looking them over now.
my pleasure. anything to give an opinion that, with a different approach, reaches the same conclusions.

As a principle, i use a "confluence of events". cant see why also using patterns isnt. lets just say that it is like having the dice on my side...lol

g

edit: the last time I saw that pattern, i made sure i told my self that frogs can boil to death in boiling water. lol
With a break always expect a pullback, otherwise, you're dead meat/
  • #743
  • Jan 8, 2007 1:31pm Jan 8, 2007 1:31pm
Quoting jsh01
My daily bar looks like it may close straddling the 50% fib of the Nov 15th long run.

Today every micro cluster edge and mean has been tested very cautiously and every bar of the the bell curve is well populated.

the 1.9350 to 1.9340 area will become a major refernce bar for me.
I am looking at the parimeters set on your Fibo scenario. We are straddling the Fibo 50% mark as of Yesterdays open.

Looks like 80 pips is Low off of the Fibo line, and 63 pips is the High above the Fibo line.

We are now supporting above the Daily 50% Fibo, and the Weekly 50% Fibo at 1.9330.

There is 30 minutes until the Daily Candle closes, then we can analyze the Daily once again.
  • #744
  • Jan 8, 2007 1:44pm Jan 8, 2007 1:44pm
I'm liking this thread as well. My 2 pips. I am a simple trader, utilizing trend lines and divergence. Looks to me like this up move is not nearly over. Can't say where she'll stop, as only the market knows. But I've been betting long since right after NFP, when price stuck like a dart and started working its way back up. It'll take a nice trend break coupled with divergence or odd CCI spikes to convince me to let go of these longs. Like I said, simple. Keep up the fun analaysis, folks.

-Liz
There's always money in the banana stand.
  • #745
  • Jan 8, 2007 1:55pm Jan 8, 2007 1:55pm
Dear Monarch,

My sleep patterns are disrupted not quite as much as yours and I do appreciate your thread very much. I wish that your posts could be the thread and we could populate a side bar.

Seems like Today's 50% mark will be 1.9332ish and Friday's 50% was 1.9355ish, pretty close holding pattern.

You called it very nicely from 80ish down to the cluster edge of 60ish, I was too wacked.

I would like to see some tough testing of 1.9350 to 30 area before thinking about building a long book.

best
j
  • #746
  • Jan 8, 2007 1:58pm Jan 8, 2007 1:58pm
New Daily opened at 1.9378 and looking at it compared to the Daily bar on the Left, I would say we have a Double Low 2 Days in a row on the Pin Bars.
  • #747
  • Jan 8, 2007 2:04pm Jan 8, 2007 2:04pm
Quoting monarch
New Daily opened at 1.9378 and looking at it compared to the Daily bar on the Left, I would say we have a Double Low 2 Days in a row on the Pin Bars.
What does that indicate (double low 2 days in a row)? (sorry for the noob questions)
Trade what you see, not what you think.
  • #748
  • Jan 8, 2007 2:08pm Jan 8, 2007 2:08pm
I still have my short in play and think price will drop to s2 9218. It looks like we are in a wave Looks like we hit wave 3 down.

If you look below...

wave 3 going down ABC would be:

wave 3 top price was prob. 9750

that would make 3a 9262

3b 9403-9437

4c 9218

then we should be on an uptrend


http://stockcharts.com/education/mar...lliotwave2.gif
trading on demo is not trading
  • #749
  • Jan 8, 2007 2:11pm Jan 8, 2007 2:11pm
Quoting jsh01
Dear Monarch,

My sleep patterns are disrupted not quite as much as yours and I do appreciate your thread very much. I wish that your posts could be the thread and we could populate a side bar.

Seems like Today's 50% mark will be 1.9332ish and Friday's 50% was 1.9355ish, pretty close holding pattern.

You called it very nicely from 80ish down to the cluster edge of 60ish, I was too wacked.

I would like to see some tough testing of 1.9350 to 30 area before thinking about building a long book.

best
j


I am used to sleeping 3 1/2 hours a day from Market open Sunday until Close of market on Friday, I usually will sleep 10 hours on Friday night, but back to work on Sat and Sun preparing for the upcoming week.

I agree with your analysis here on the 1.9350-30 area. That was the reason I placed a Short at 1.9386 as soon as I released my Longs this morning.

I believe we will still see a continuation in this weeks rise up towards 1.9547 and 1.9575.

It was such a thrust up this morning in the upwards movement, I felt it needed to take a little rest, and set down on some support to rest the iits legs from the sprint it had just made. But once rested, the Cable should return upwards for a weekly Bull channel.

I will exit my Short position around the 1.9330 or below.

I am reviewing the charts now for the anticpated upwards movemetent for my Entry point.
  • #750
  • Jan 8, 2007 2:17pm Jan 8, 2007 2:17pm
Monarch, no amount of money is worth burning yourself out for, take it easy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #751
  • Edited Feb 2, 2007 3:49pm Jan 8, 2007 2:20pm | Edited Feb 2, 2007 3:49pm
Quoting karmostaji
What does that indicate (double low 2 days in a row)? (sorry for the noob questions)
This is someone elses chart that I took off of the forum.
  • #752
  • Jan 8, 2007 2:26pm Jan 8, 2007 2:26pm
Quoting monarch
This is someone elses chart that I took off of the forum.
thank you
Trade what you see, not what you think.
  • #753
  • Jan 8, 2007 2:27pm Jan 8, 2007 2:27pm
Quoting monarch
This is someone elses chart that I took off of the forum.
Sounds like James' Price action to me....
Trust price. Know yourself.
  • #754
  • Jan 8, 2007 2:31pm Jan 8, 2007 2:31pm
I placed a short position when it hit at 1.9300 around 15:30GMT and then went to sleep (night time here in Manila). When I woke up this morning 23:30GMT and it was gone without me putting a stoploss. Well well another loss for a stupid trade by me
  • #755
  • Jan 8, 2007 2:38pm Jan 8, 2007 2:38pm
Quoting Turveyd
Monarch, no amount of money is worth burning yourself out for, take it easy!!
You are right, I would not recommend this to any trader.

I have dedicated myself for a short time here on this thread to give a complete analysis of the Cable to help others learn.

I guess my determination has driven me hard at times, but what can I say?

I am not doing this thread, or trading the forex for my own personal gain or agenda, but there is another purpose to my madness.

The true purpose I started trading was so I could to contribute as much of my earnings to a Bible Ministry I started over 1 year ago in the Philippines, and several other ministries that are starting this year.

In order to accomplish the most important goals in my life, I have set out on a journey and purpose, and that is to help people. The reason I started this thread, was because there was request for me to do so.

Most of the participants here are new traders, hopefully you will have goals to accomplish, that goes beyond self gratifcation, and personal riches

I hope every trader who visits will glean some piece of information, and share it with another trader.
  • #756
  • Jan 8, 2007 2:43pm Jan 8, 2007 2:43pm
Dear monarch,
After walking the dog and seeing your note I looked again at the Friday and Monday 5 min data histograms.

Painting a picture, Friday gave the skeleton and Monday provided the meat to cover the bones. 50%ers are more or less in line. So Fridays big and fast range has been validated on Monday slow and detailed fill in but left at the Friday opening area(ish).

I also can see a big up but because of Monday only being a validation of Friday , I would like a hard test of the 1.9340 +/-10 area first.

best
j
ps. I always remember a Hungarian mathematician being asked why he slept only 2 hours a night,.. his response was, ..plenty of time to sleep in the grave. Too much intersting stuff going on. Plus you are younger than me.
  • #757
  • Jan 8, 2007 2:47pm Jan 8, 2007 2:47pm
Quoting jsh01
Dear monarch,
After walking the dog and seeing your note I looked again at the Friday and Monday 5 min data histograms.

Painting a picture, Friday gave the skeleton and Monday provided the meat to cover the bones. 50%ers are more or less in line. So Fridays big and fast range has been validated on Monday slow and detailed fill in but left at the Friday opening area(ish).

I also can see a big up but because of Monday only being a validation of Friday , I would like a hard test of the 1.9340 +/-10 area first.

best
j
ps. I always remember a Hungarian mathematician being asked why he slept only 2 hours a night,.. his response was, ..plenty of time to sleep in the grave. Too much intersting stuff going on. Plus you are younger than me.
42 years here, you?
  • #758
  • Jan 8, 2007 2:47pm Jan 8, 2007 2:47pm
Quoting monarch
You are right, I would not recommend this to any trader.

I have dedicated myself for a short time here on this thread to give a complete analysis of the Cable to help others learn.

I guess my determination has driven me hard at times, but what can I say?

I am not doing this thread, or trading the forex for my own personal gain or agenda, but there is another purpose to my madness.

The true purpose I started trading was so I could to contribute as much of my earnings to a Bible Ministry I started over 1 year ago in the Philippines, and several other ministries that are starting this year.

In order to accomplish the most important goals in my life, I have set out on a journey and purpose, and that is to help people. The reason I started this thread, was because there was request for me to do so.

Most of the participants here are new traders, hopefully you will have goals to accomplish, that goes beyond self gratifcation, and personal riches

I hope every trader who visits will glean some piece of information, and share it with another trader.
Where in the Philippines? Are you Filipino?
  • #759
  • Jan 8, 2007 2:56pm Jan 8, 2007 2:56pm
Quoting fxpinoy
Where in the Philippines? Are you Filipino?
I have travelled in different areas. North as far as Bagio city, and down into Bayugan and Butuan City in Mindanao.

March-April trip will go far south as Davao and some areas that they are still scheduling still.

Ocotober I will be in the Cavite near my Headquarters office.
  • #760
  • Jan 8, 2007 3:27pm Jan 8, 2007 3:27pm
Dear Monarch,
My mother tells me I was born in 1949. Yi Yi Yi.

But I can still run faster than most 13 year olds.

best
j

ps I found your comment on your goal moving. I have told several young people who are starry eyed young but aware environmentalists to go and learn stories from the bible to teach people in those "linguistic frames" that have been used over the millenia (and are ingrained in our physce) to convey truths about the world of nature and animals that we co-live with , it is not only the book, but the guiding of the heart and eye too .
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