Daily Cable Analysis

Quoting cesarnc

Disliked

Please guys,

I'm working with the same fibs and indicators here PLUS what I read in this thread... However, expectations like 91XX and 95XX kill me... We MAY see 91XX on next week, if I understand what Monarch has written.

Leugimp, your expecting 9525 in what time frame? hours, days or this is the opposite of what Monarch said?

I got pretty agressive stop here, expeting a drawdown an then down to 91XX... But I'd rather take that 100+ pips to 95XX and then down... What I cannot affor is having my SL triggered, actually...

This is just to put all of us in the same page here. Thanks.

Ignored

Quoting enzo2325

Disliked

I see gbp hitting 9563 then going back down to about 9204

Ignored

Quoting enzo2325

Disliked

<table class="tborder" align="center" border="0" cellpadding="6" cellspacing="1" width="100%"><tbody><tr title="Post 184403" valign="top"><td class="alt1" align="center" width="125">
</td><td class="alt2">
</td></tr></tbody></table>Monarch is giving us a guideline to show us the propper way of trading. Then we need to see whats going on and make our own trades.

Ignored

Quoting enzo2325

Disliked

<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 184403" vAlign=top><TD class=alt1 align=middle width=125>cesarnc</TD><TD class=alt2>Quote:

<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by Leugimp

then again, we have strong positive reversal on 400 tick chart confirmed right now up to 9529 - This takes precedence but due to alot of conflicting factors, will use no leverage and take a stab.

</TD></TR></TBODY></TABLE>

Please guys,

I'm working with the same fibs and indicators here PLUS what I read in this thread... However, expectations like 91XX and 95XX kill me... We MAY see 91XX on next week, if I understand what Monarch has written.

Leugimp, your expecting 9525 in what time frame? hours, days or this is the opposite of what Monarch said?

I got pretty agressive stop here, expeting a drawdown an then down to 91XX... But I'd rather take that 100+ pips to 95XX and then down... What I cannot affor is having my SL triggered, actually...

This is just to put all of us in the same page here. Thanks
</TD></TR></TBODY></TABLE>



There are a bunch of different traders in all of us. We all have different fibs, highs and lows, wave theorys, and so on. Expectations are just that. We should all just read what we see on this thread and try to apply our own knowledge to it. Dont take anything that is written here to seriously. You will pick up a bad habit and start to beleive everything people write and loose your way of trading.

Monarch is giving us a guideline to show us the propper way of trading. Then we need to see whats going on and make our own trades.

Ignored

Quoting cesarnc

Disliked

Tottaly agree. Problem is having within the same page views that differ from each other by 400 PIPS.

When I see monarch posting his expectations I see reason whys + time frame expectation - NOT EXACTLY OF COURSE, but I've see he making calls that I assumed crazy and in the end it was confirmed with "less than 1 pip" error and "less than 30 min" error...

What let newbies like me lost is reading something like "I see 9800" or "confirmed 2.1000 then down to 1.5000"..... That's what happening here, sorry for the exageration.

Ignored

Quoting africanpip

Disliked

Bit of a Cesar salad............

Ignored

Quoting monarch

Disliked

Spoken as if I had said it myself.

I started the thread to give a wide variety of analysis, and there are a lot of indicators and technicals to consider.

I feel as a whole most of us here in the thread are in agreement in terms to the analysis being posted.

I did not design this thread to be a place to tell everyone what position or trade entry/exit your in, but merely a place we can go to discuss the most important issues at hand, and that is the characteristics of the Cable

Thank you everyone for your wonderful analysis!

Ignored

Quoting africanpip

Disliked

Ces,

What money management plan have you got? From what I have learned (hard lessons) FX is more the shorts and longs.

I may not be qualified to give any advice but my personal experrience has taught me that for example 9550 what ever is a lot closer than 91XX. So maybe put in a small short now, enough to cover you for the move up and then if it gets there still have enough to put on at the top for the ride down and then it picks up for first short as it passes then add to it again.

If it doesn't go up and shorts from here then add to your short when you feel comfortable.

Please note I am by no means an expert but I think if you are not sure and don't want to miss out then possibly think about something like that.

I may be way off track and out of line buts that is my approach to uncertainty.

Peace

Ignored

Quoting Leugimp

Disliked

Then I am sorry for posting it, my position really doesn't matter, I posted it merely to stress that leverage on 1 pattern is not a good idea without alot of supporting evidence. Nevertheless, I have posted so many charts of positive and negative reversals I am assuming that you all know what they look like and I dont need to post another one as long as I give the chart type/time frame. I am sorry I dont just trade on one timeframe, and to answer your question cesar, I expect to see this move materialize as, in fact, the next true move whenever that may be, could be 5 min, could be 1 day. As long as my signal is valid, I do not get out unless of course mounting signals in other direction develop for me, in which case I can still usually get out at profit or b/e. I can trade positive and negative reversals exclusively and make money and that is why I give them so much weight. This is your thread and I will respect whatever guidlines you want to set. I understand what you say about posts like I am long and have made 20 pips goodnight, however, when posts describing positions held are posted after analysis has been posted(whatever type of analysis that may be), I feel it gives a little more credibility to it that the analyst is making a real time decision with the analysis at hand. It is important to express that element as I know many many great analysts that cant trade for shit. I myself am mediocre analyst but a very good trader.

My opinion of this thread has been this and if I'm wrong it wouldn't be the first time. This is a community thread where daily and real time analysis of GBP is made, that people actually trade off of. It is a thread where anyone can learn different methods of viewing the same cardiograph and real time decisions are made from these interpretations. Otherwise, this is all just theory bullshit to me. No offense, but all of this analysis means shit if we don't see how people act based on it. Just an opinion.

Ignored

Quoting cesarnc

Disliked

I didn't mean to bother you, Leugimp nor criticize you. As a matter of fact I've seen you making such amazing calls, too...

But with the number of posts here (which indicates this thread is successiful), there are time where information comes unattached from the idea that generated it, see?

That's why I've given up the previous Cable thread. Too much "short at 9400" and 30 seconds later "Long at 9398"

Ignored

Quoting Leugimp

Disliked

Then I am sorry for posting it, my position really doesn't matter, I posted it merely to stress that leverage on 1 pattern is not a good idea without alot of supporting evidence. Nevertheless, I have posted so many charts of positive and negative reversals I am assuming that you all know what they look like and I dont need to post another one as long as I give the chart type/time frame. I am sorry I dont just trade on one timeframe, and to answer your question cesar, I expect to see this move materialize as, in fact, the next true move whenever that may be, could be 5 min, could be 1 day. As long as my signal is valid, I do not get out unless of course mounting signals in other direction develop for me, in which case I can still usually get out at profit or b/e. I can trade positive and negative reversals exclusively and make money and that is why I give them so much weight. This is your thread and I will respect whatever guidlines you want to set. I understand what you say about posts like I am long and have made 20 pips goodnight, however, when posts describing positions held are posted after analysis has been posted(whatever type of analysis that may be), I feel it gives a little more credibility to it that the analyst is making a real time decision with the analysis at hand. It is important to express that element as I know many many great analysts that cant trade for shit. I myself am mediocre analyst but a very good trader.

My opinion of this thread has been this and if I'm wrong it wouldn't be the first time. This is a community thread where daily and real time analysis of GBP is made, that people actually trade off of. It is a thread where anyone can learn different methods of viewing the same cardiograph and real time decisions are made from these interpretations. Otherwise, this is all just theory bullshit to me. No offense, but all of this analysis means shit if we don't see how people act based on it. Just an opinion.

Ignored