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Daily Cable Analysis

  • #1,961
  • Jan 16, 2007 11:06am Jan 16, 2007 11:06am
enzo2325Ok so when it clear 9601 fibo it should breach 1.9577
Correction 1.9557

I have so may fibos running its crazy but its also working. how come there couldnt just be one fibo that you follow?!?!?!
trading on demo is not trading
  • #1,962
  • Jan 16, 2007 11:06am Jan 16, 2007 11:06am
Quoting barakah
See you guys in 6 hours time, hopefully the market can wait till i wake up, . Happy pipping, may the pips be with you all.
Did you release your Longs?

Or will you wait for the next rise up?

Nice rest to you.
  • #1,963
  • Jan 16, 2007 11:08am Jan 16, 2007 11:08am
Quoting enzo2325
monarchQuote:
Originally Posted by dswk http://forexfactory.com/images/buttons/viewpost.gif
Daily High/Low...

High:1.9717 (10:30:06am CET) Low:1.9590 (04:39:09pm CET)

This is what you have on your charts, I only seen 1.9702.

This is interesting, anyone else on the high you have?

I have 9705
one broker has 1.9710
  • #1,964
  • Jan 16, 2007 11:08am Jan 16, 2007 11:08am
Quoting monarch
This would actually complete the Fibo Extension to 1.9705 to the exact spot.

Hope these calculations of Fibo Extension help, it is just one more way to look at the price projection.

We are working a complete cycle of every Fibo, from the very beginning point of the High at 1.9846 Dec. 1st, 2006.
I'm riding along...

Forex trading sounds like music when you're around...

Thanks...
  • #1,965
  • Jan 16, 2007 11:12am Jan 16, 2007 11:12am
I agree with the above and set a target of 9532 as 38.2 retrace
  • #1,966
  • Jan 16, 2007 11:14am Jan 16, 2007 11:14am
Quoting enzo2325
enzo2325Ok so when it clear 9601 fibo it should breach 1.9577
Quoting enzo2325
Correction 1.9557

I have so may fibos running its crazy but its also working. how come there couldnt just be one fibo that you follow?!?!?!


Exactly, I record every time frame and every Fibo on that time frame, but my charts are all marked up, so I am in the process of just working the Hourly.

This is what I started the week off with, and I posted that I would only be making analysis on the Hourly.

This may help in terms of catching more of the Smaller Movements in the spectrum of the Larger Movements.

The goal is to minimize losses, and make key entries for optimized profits, so far this week, my personal indicators have worked very responsive in my projections.

I have met all of my daily goals since market open.

My weekly goal for my projection is set, now I wait for the completion of my pre-determined setup.
  • #1,967
  • Jan 16, 2007 11:15am Jan 16, 2007 11:15am
waiting for 9555...?
  • #1,968
  • Jan 16, 2007 11:17am Jan 16, 2007 11:17am
Monarch, your a classy Forex teacher and have a group of Followers here who are trying to pick your brain.
trading on demo is not trading
  • #1,969
  • Jan 16, 2007 11:24am Jan 16, 2007 11:24am
Quoting jimo
waiting for 9555...?
The test of 1.9622 Fibo was tested the last hour.

We are now testing 1.9606 (Line of support, now considered resistance)

1.9550 is the next target for a support test, which may take most of the day, especially if your making fibo retracements on every move down.

The important thing is to watch our head.

1.9606 is the price line on the Hourly that has my attention.

From here, we will watch and wait during the slow trading time.
  • #1,970
  • Jan 16, 2007 11:27am Jan 16, 2007 11:27am
I can't imagine what this live trading would cost me somewhere else. Only here can you have 10-12 teachers, charts, and live commentary. This thread is unbelievable. My charts are actually starting to look like the rest. I may even get the courage to throw one up here.

To all my teachers, thanks again! And please do not stop, much more to learn
Pip By Pip
  • #1,971
  • Jan 16, 2007 11:28am Jan 16, 2007 11:28am
Quoting enzo2325
Monarch, your a classy Forex teacher and have a group of Followers here who are trying to pick your brain.


Thanks for the compliment, but the truth is, that I am here to pick all of your brains.

There is so much I need to learn still, and I believe the past two weeks since the thread has started, has helped me tremendously.

Thank You Everyone!
  • #1,972
  • Jan 16, 2007 11:30am Jan 16, 2007 11:30am
Quoting sandhockey
I can't imagine what this live trading would cost me somewhere else. Only here can you have 10-12 teachers, charts, and live commentary. This thread is unbelievable. My charts are actually starting to look like the rest. I may even get the courage to throw one up here.

To all my teachers, thanks again! And please do not stop, much more to learn
Please do insert a chart.

I usually will use a generic chart with the details I am posting on.

If I actually posted one of my trading charts, the thread would blow up!
  • #1,973
  • Edited Feb 2, 2007 5:49pm Jan 16, 2007 11:39am | Edited Feb 2, 2007 5:49pm
Okay, this is just one of my Hourly charts tracing each move.

I have every time frame broken down to each segement of price lines and directional movements.

I don't know how to read it anymore!

I am expecting a rise here to 1.9618 this hour.
  • #1,974
  • Jan 16, 2007 11:42am Jan 16, 2007 11:42am
Quoting monarch
Okay, this is just one of my Hourly charts tracing each move.

I have every time frame broken down to each segement of price lines and directional movements.

I don't know how to read it anymore!

I am expecting a rise here to 1.9618 this hour.

Good monkey butt, your chart is cluttered . I'm glad one of us knows how to read that .
"Anything in life worth having, doesn't come easy."
  • #1,975
  • Jan 16, 2007 11:45am Jan 16, 2007 11:45am
That is why I get paid the big bucks....
  • #1,976
  • Jan 16, 2007 11:49am Jan 16, 2007 11:49am
I am expecting a rise here to 1.9618 this hour.

good call man!!
trading on demo is not trading
  • #1,977
  • Jan 16, 2007 11:52am Jan 16, 2007 11:52am
Monarch your predictions are so spot on! Great job!
"Anything in life worth having, doesn't come easy."
  • #1,978
  • Jan 16, 2007 11:53am Jan 16, 2007 11:53am
Now thats what I call a chart.........I think.
Pip By Pip
  • #1,979
  • Jan 16, 2007 11:56am Jan 16, 2007 11:56am
Hello monarch, you analysis in incredible! I really need to bow down to your great work. According to me, you are truly a trader genius. Your way of anlysis the movement of the pound is just splendid. No trader cannot thank you enough for this great thread that you put up since the last 2 weeks. We really learn a lot. Following your logic, I have made a good 23 pips sunday evening on a move that started last friday before the close of the day.

One day, when i will be able to be a full time trader (working during the day estern time) I clearly see the end result of your help on this thread.

Dear Monarch and all others putting great info on this thread, I really want to express my deep gratitude to all of you and I am very happy to be a member of this thread.

Hope one day I can contribute in some way to this thread

And Monarch, the reason your stated for doign this business with ministry in Phillipine ans elswhere just make me even mor humble in front of you
  • #1,980
  • Jan 16, 2007 12:03pm Jan 16, 2007 12:03pm
Quoting monarch
That is why I get paid the big bucks....
Fibo(38.2) show me 1.9557 ,u agree?
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