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Daily Cable Analysis

  • #2,361
  • Jan 17, 2007 2:40pm Jan 17, 2007 2:40pm
i thought you said we had one more fibo to hit and we tried yesterday, but it wouldn't break the 196 level to get into the 1955 area to take it out before heading up?? or was that just a possible, and not a necessary for the move up to new highs??
  • #2,362
  • Jan 17, 2007 2:46pm Jan 17, 2007 2:46pm
Quoting summitfx
To me, trading naked means tossing out all the fancy indicators and trade price action. It's easy to see price points on this chart.
That what I thought but then saw your charts and read Monarch's post about your template and indicators. That got me a little confused. Can't say that I am clear now since your charts contain stochastics and cci and EMAs.

I agree with you Price Action rules.

Thanks
  • #2,363
  • Jan 17, 2007 2:49pm Jan 17, 2007 2:49pm
Quoting mtrmth
i thought you said we had one more fibo to hit and we tried yesterday, but it wouldn't break the 196 level to get into the 1955 area to take it out before heading up?? or was that just a possible, and not a necessary for the move up to new highs??
Actually the Fibo I was speaking of yesterday was a projected Fibo from the completed Fibo setup that finished.

I would consider all previous Fibo retracements completed at 1.9618-19 mark before the London Open.

This was the catalyst to the upwards move that started during the London session.

1.9622 was the sast stop on the Retracment completion from the High 1.9840-46 to the Low 1.9260-63 mark.

With this being completed the Cable had both options opened to go either way, it had a setup to go down, but was held up at 1.9606, which I said I would be careful if we did not close below this price, then several hours later it continued upwards as was the case the day before.
  • #2,364
  • Jan 17, 2007 2:55pm Jan 17, 2007 2:55pm
Quoting summitfx
Thank you again for your tireless efforts. The world needs more like you. If I recall you are trading so you can open a church of somesort for the people in the Phillipines. God Bless You
Correct, I am working with over 100 churches in the Philippines now, and I travel their twice a year to do Bible Distributions for the people there. I have a headquarter in Cavite, just south of Manila, and we are now in the process of completing our third level for our offices.

I actually have a Business full time that I own, and I spend all my spare time studying a trading.

We are in great need of funds, so this is a means of obtaining the funds to purchase the much needed bibles.

Last year we purchased over $20,000.00 worth of Bibles and literature, and this year we plan to double that.

We also plan on starting Bible Colleges, and help build churches througout the provinces of the Philippine Islands.

That is why I really don't just come to the thread to chat, I am goal oriented, and anything else fogs my mind.

I also would like for others to achieve knowledge about trading, and possibly save them some time doing it.
  • #2,365
  • Jan 17, 2007 3:04pm Jan 17, 2007 3:04pm
I spent some time there. Beautiful country and the people are warm and friendly. Living conditions are deplorable however. We are all very fortunate to be here.

Quoting monarch
Correct, I am working with over 100 churches in the Philippines now, and I travel their twice a year to do Bible Distributions for the people there. I have a headquarter in Cavite, just south of Manila, and we are now in the process of completing our third level for our offices.

I actually have a Business full time that I own, and I spend all my spare time studying a trading.

We are in great need of funds, so this is a means of obtaining the funds to purchase the much needed bibles.

Last year we purchased over $20,000.00 worth of Bibles and literature, and this year we plan to double that.

We also plan on starting Bible Colleges, and help build churches througout the provinces of the Philippine Islands.

That is why I really don't just come to the thread to chat, I am goal oriented, and anything else fogs my mind.

I also would like for others to achieve knowledge about trading, and possibly save them some time doing it.
Trade what you see - Not what you think
  • #2,366
  • Jan 17, 2007 3:04pm Jan 17, 2007 3:04pm
One more thrust up to 9750 looks likely as a diverging short term double top. IF it turns, it should head back down in the short term down to 9239 area, however the positive reversal is still in play and we have not yet reached 9800(first tp). If we close tomorrow or have a significant pust through 9750, look out. we may be headed for a new high. Ideal scenario would be to hit a new high tomorrow forming double top and a sharp move back to close below 9785. We will have everything in our ideal divergence in the correct range and all we will need is a confirming signal. this would be the start of a strong move taking us back to the 1980's.
Man who scratches ass should not bite fingernails
  • #2,367
  • Jan 17, 2007 3:08pm Jan 17, 2007 3:08pm
Quoting summitfx
I spent some time there. Beautiful country and the people are warm and friendly. Living conditions are deplorable however. We are all very fortunate to be here.
Most of the southern provinces I visit are very poor indeed, I always expect the worse when I go, and it usually turns out great.

I am working with a church in Kansas City, Missouri on helping with some of the food and clothe issues there, it is an up hill battle for sure.

Where were you at there?
  • #2,368
  • Jan 17, 2007 3:09pm Jan 17, 2007 3:09pm
Quoting monarch
Correct, I am working with over 100 churches in the Philippines now, and I travel their twice a year to do Bible Distributions for the people there. I have a headquarter in Cavite, just south of Manila, and we are now in the process of completing our third level for our offices.
We are in great need of funds, so this is a means of obtaining the funds to purchase the much needed bibles.

Last year we purchased over $20,000.00 worth of Bibles and literature, and this year we plan to double that.

We also plan on starting Bible Colleges, and help build churches througout the provinces of the Philippine Islands.
The gospel is free but the pipeline for distribution is expensive. Glad to know you're using forex as a wealth transfer vehicle to share the good news.
  • #2,369
  • Jan 17, 2007 3:10pm Jan 17, 2007 3:10pm
altough the price is going up the tops in the rsi are going down. we can't ignore this fact and we have to take it in consideration.
Attached Image
  • #2,370
  • Jan 17, 2007 3:12pm Jan 17, 2007 3:12pm
Quoting monarch
Most of the southern provinces I visit are very poor indeed, I always expect the worse when I go, and it usually turns out great.

I am working with a church in Kansas City, Missouri on helping with some of the food and clothe issues there, it is an up hill battle for sure.

Where were you at there?
My God, you're serious. Bless you child.
Man who scratches ass should not bite fingernails
  • #2,371
  • Jan 17, 2007 3:13pm Jan 17, 2007 3:13pm
Quoting MoneyMa$ter
The gospel is free but the pipeline for distribution is expensive. Glad to know you're using forex as a wealth transfer vehicle to share the good news.
now that is funny
Man who scratches ass should not bite fingernails
  • #2,372
  • Jan 17, 2007 3:14pm Jan 17, 2007 3:14pm
Quoting Leugimp
One more thrust up to 9750 looks likely as a diverging short term double top. IF it turns, it should head back down in the short term down to 9239 area, however the positive reversal is still in play and we have not yet reached 9800(first tp). If we close tomorrow or have a significant pust through 9750, look out. we may be headed for a new high. Ideal scenario would be to hit a new high tomorrow forming double top and a sharp move back to close below 9785. We will have everything in our ideal divergence in the correct range and all we will need is a confirming signal. this would be the start of a strong move taking us back to the 1980's.
After watching the London open each day, we could possibly be in for 1.9749 mark, which is a R2 Daily on my charts, this also would be the second time at this point.

Then if we see a drop down it could actuall propel our sling-shot up to the previous high around 1.9860 area.
  • #2,373
  • Jan 17, 2007 3:15pm Jan 17, 2007 3:15pm
thanks monarch, i misunderstood what you were saying. i was reading too fast and had lots of other peoples analysis in my head!! brain freeze, that's all. now all we have to do is wait for direction, cool . thanks again.
  • #2,374
  • Jan 17, 2007 3:18pm Jan 17, 2007 3:18pm
Quoting Leugimp
My God, you're serious. Bless you child.
To be honest, I am 42 years old, and I am semi-retired now.

My only job is to show up on Fridays to pay my employees.

If for some reason the Forex stopped tomorrow, so be it, my retirement goals are already accomplished.

It is time to focus on others, and I ain't pipping! LOL
  • #2,375
  • Jan 17, 2007 3:20pm Jan 17, 2007 3:20pm
Monarch, I sent you a PM.
  • #2,376
  • Jan 17, 2007 3:21pm Jan 17, 2007 3:21pm
I spent 3 months touring Asia in 1997. I went from Hong Kong to Manila to meet a lady that I met online and we spent 3 weeks touring the Islands and getting to know each other. I really don't recall the Islands we visited but every day was a new experience. Each night I would return to my hotel in Manila and I'll never forget the pre-dawn noises of the City waking up. It haunts me to this day and perhaps the reason I live high, so to speak, in the Mountains.

Quoting monarch
Most of the southern provinces I visit are very poor indeed, I always expect the worse when I go, and it usually turns out great.

I am working with a church in Kansas City, Missouri on helping with some of the food and clothe issues there, it is an up hill battle for sure.

Where were you at there?
Trade what you see - Not what you think
  • #2,377
  • Jan 17, 2007 3:25pm Jan 17, 2007 3:25pm
Quoting Leugimp
now that is funny
Funny??

It's factual. Spreading the Word takes money, whether you're buying bibles, gospel tracts, conducting bible studies, building churches, buying churches, paying utility bills for the church, conducting after school care programs for children, conducting substance abuse programs for dependent personalities, feeding the hungry or clothing the naked or employing the destitute or training the jobless or flying to the Phillipines to distribute the bibles. It all takes money. So the gospel is free but the pipeline is expensive.
  • #2,378
  • Jan 17, 2007 3:26pm Jan 17, 2007 3:26pm
Ain't much noise on this superhighway
Attached Image
Trade what you see - Not what you think
  • #2,379
  • Jan 17, 2007 3:27pm Jan 17, 2007 3:27pm
Quoting dawnrenee2000
Monarch, I sent you a PM.
Thanks dawnrenee, appreciate it.
  • #2,380
  • Jan 17, 2007 3:30pm Jan 17, 2007 3:30pm
Quoting summitfx
Ain't much noise on this superhighway
Who would ever think of staying inside with that beautiful landscape, except now it is probably snowing by the last pic you showed us.

Still a wonderful place to live, compared to all the sounds that never die out in Manila, especially at about 4 am to 5 am. Loud, and busy.
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