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Daily Cable Analysis

  • #1,461
  • Jan 12, 2007 2:34am Jan 12, 2007 2:34am
Quoting summitfx
Snow anyone
That would be real hard to adapt to. I am in California, and the only snow I see is the SnowCone.

Looks wonderful though.

  • #1,462
  • Jan 12, 2007 2:34am Jan 12, 2007 2:34am
Chart from Leugimp or mosheber will enhance our picture.
Right teaching produces right believing leads to right living. - J.P
  • #1,463
  • Jan 12, 2007 2:35am Jan 12, 2007 2:35am
It's been a while since I've seen such a tight range @ London. Outside of the the spike to .50 that cleaned out the stops it's been very tight.


Quoting monarch
The price for the hourly shows the low at 1.9449 which is siting on a Fibo 38.2% at 1.9448 this retracement is from the downward movement from 1.9840 to 1.9260.

This retracement level may show support for a continual climb.
Trade what you see - Not what you think
  • #1,464
  • Jan 12, 2007 2:35am Jan 12, 2007 2:35am
Quoting summitfx
My Patio -I live at 2 miles above sealevel
Its beautiful! Are you a skier or snowboarder?
"Anything in life worth having, doesn't come easy."
  • #1,465
  • Jan 12, 2007 2:38am Jan 12, 2007 2:38am
Quoting summitfx
Snow anyone
Send some this way.....the African sun is burning today!
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,466
  • Jan 12, 2007 2:38am Jan 12, 2007 2:38am
Yes -

Mr Monarch likes to keep the thread clean- my apologies!


Quoting YupYup
Its beautiful! Are you a skier or snowboarder?
Trade what you see - Not what you think
  • #1,467
  • Jan 12, 2007 2:40am Jan 12, 2007 2:40am
I tested the extremes of this strategy, and stayed within the boundaries set forth before the movement came.

I seen the head fake to start out with and dumped my Shorts that I was in. \

This set me up for the upcoming climb which made some profit.

We then topped out at 1.9484 and I knew Frankfurt would draw us down, so I went with a Short and stayed with it till it hit the 1.9463 mark that was the key to the whole move.

From there, I exited the Short and immediately entered a Long, and stayed in the position even until now.

There was signs of weakness, and there still may be a downward move, but I did not exit because the line was breached at 1.9460, but watched the body and wick to determine if the strategy called for a Long exit and a Short entry.

So far the 5 minute candle did not clear below, and it has not cleared above, but I remain in a Long because all the resistance below was finally cleared, and now the Fibo from this upward move is cleared for a continual rise in price.

Key points to watch still

Top 1.9484

Bottom 1.9460

5 Minute candle
  • #1,468
  • Jan 12, 2007 2:42am Jan 12, 2007 2:42am
Quoting monarch
I tested the extremes of this strategy, and stayed within the boundaries set forth before the movement came.

I seen the head fake to start out with and dumped my Shorts that I was in. \

This set me up for the upcoming climb which made some profit.

We then topped out at 1.9484 and I knew Frankfurt would draw us down, so I went with a Short and stayed with it till it hit the 1.9463 mark that was the key to the whole move.

From there, I exited the Short and immediately entered a Long, and stayed in the position even until now.

There was signs of weakness, and there still may be a downward move, but I did not exit because the line was breached at 1.9460, but watched the body and wick to determine if the strategy called for a Long exit and a Short entry.

So far the 5 minute candle did not clear below, and it has not cleared above, but I remain in a Long because all the resistance below was finally cleared, and now the Fibo from this upward move is cleared for a continual rise in price.

Key points to watch still

Top 1.9484

Bottom 1.9460

5 Minute candle
Can't wait till it moves! Doesn't matter where, just as long as it moves. Good job keeping us informed! Keep up the good work monarch!
"Anything in life worth having, doesn't come easy."
  • #1,469
  • Jan 12, 2007 2:42am Jan 12, 2007 2:42am
be nice if it happened soon, I need to get some sleep for NY opening..... what time do you think will have most volatility?
David
  • #1,470
  • Jan 12, 2007 2:47am Jan 12, 2007 2:47am
locked in 1/2 my position from @1.9440. Will let the rest just ride. You guys will make a trader out of me yet.
Pip By Pip
  • #1,471
  • Jan 12, 2007 2:47am Jan 12, 2007 2:47am
We may remain in slow gear do to the fact that we have already expired our strength on the upwards movement.

For a 6 week period we averaged 287 pips per swing.

Last week we went down 486 pips.

And this week we have went up 274 pips from 1.9260 to 1.9534.

That is probably most we should get this week, but if we hit the max of 7 week average we will go 315 pips in this swing, which would put us at 1.9575.

I predicted we would make it to 1.9506-10 arear for a close on Friday, then on Sunday, we would bounce up 50-65 pips to Clear the last 50% Fibo on my charts, then swing down for the week.

I will make this determination tomorrow after the news closes us out.
  • #1,472
  • Jan 12, 2007 2:49am Jan 12, 2007 2:49am
Quoting sandhockey
locked in 1/2 my position from @1.9440. Will let the rest just ride. You guys will make a trader out of me yet.
I look at charts and data all day long, type this mumbo jumbo on the thread, and still scalp in the tight market times.

Nice to make profits, I have not even counted what I made in pips this week, But I have kept a log of my data I post here for you all to read.

It gets better and better.
  • #1,473
  • Jan 12, 2007 2:51am Jan 12, 2007 2:51am
Congrats, within 1 week you have doubled your posts. Thanks and wish you many cents in the bank.
Right teaching produces right believing leads to right living. - J.P
  • #1,474
  • Jan 12, 2007 2:52am Jan 12, 2007 2:52am
Yea, this thread has been great. I'm pretty new, but trading in a live account (don't worry, it's money I can afford to lose) because I think you tend to learn faster/better and adapt quicker when you have something on the line.

But yea, listening to you has been unbelievable and I can't thank you enough, now if I could just work on my entry and exits.....
David
  • #1,475
  • Jan 12, 2007 2:52am Jan 12, 2007 2:52am
I think i'll throw in the towel! Ill get up during news this morning and get some pips then...

Good Night All!

Thanks Monarch on the updates!
"Anything in life worth having, doesn't come easy."
  • #1,476
  • Jan 12, 2007 2:54am Jan 12, 2007 2:54am
The pre Frankfurt open and the Frankfurt hour session before London worked perfectly. All the head fakes, the rise, and the fall in the hour. Then London came aboard and messed it all up.

From my window here, I would say that we are pushing the support 1.9460-63 pretty hard right now, and this may give way since the Longs have tired themselves out this week.

I am prepared to go Short here maybe.
  • #1,477
  • Jan 12, 2007 2:58am Jan 12, 2007 2:58am
Quoting monarch
The pre Frankfurt open and the Frankfurt hour session before London worked perfectly. All the head fakes, the rise, and the fall in the hour. Then London came aboard and messed it all up.

From my window here, I would say that we are pushing the support 1.9460-63 pretty hard right now, and this may give way since the Longs have tired themselves out this week.

I am prepared to go Short here maybe.
Good morning all...

A opening at 9440 would be a nice call for a short?
  • #1,478
  • Jan 12, 2007 2:59am Jan 12, 2007 2:59am
I am looking at the clear candle right now, if it holds, I release my Long here.

Glad everyone made it tonight, it has been a learning experience, I think we will be able to make more profits in a higher volume session.

If you did not make profits, that is okay, your learning more about how to next week.

See you all later.

I am still trading. 1 am in California, 4 hours till news time.

May be a all nighter tonight.
  • #1,479
  • Jan 12, 2007 3:02am Jan 12, 2007 3:02am
I made my exit on the Long, I would normally pull the plug after 10 pips on this strategy, but tonight I wanted to test the support level more.

1.9460 has been breached and a clear candle has formed.

You might want to wait for the next candle to see if it stays clear.

I entered a Short at my Long exit.

Now looking for downward to 1.9440-30 area.
  • #1,480
  • Jan 12, 2007 3:02am Jan 12, 2007 3:02am
A double bar low higher close. Maybe north base on this
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