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Daily Cable Analysis

  • #4,181
  • Jan 26, 2007 12:07am Jan 26, 2007 12:07am
Wow, Monarch, that's a detailed analysis with a lot of numbers. You're doing a great work, thanks alot for that.
I want to ask something, if you don't mind. Could you please provide us with a trade example with the above given analysis? I'm abit confused here about it and want to learn how to put that analysis into trade. Thanks again!
Tra-X
  • #4,182
  • Jan 26, 2007 12:23am Jan 26, 2007 12:23am
Seems now more ppl are going for 1.9580-50..............on Monday it was 2.0

So fast things changed
  • #4,183
  • Jan 26, 2007 12:29am Jan 26, 2007 12:29am
1/2 hr before frankfurt
Asia mean is 96.48.
NY afternoon mean was 96.42
  • #4,184
  • Jan 26, 2007 12:32am Jan 26, 2007 12:32am
Quoting henrycarol
Seems now more ppl are going for 1.9580-50..............on Monday it was 2.0

So fast things changed
I am afraid our opinion didn't change.... The movement down is a matter of retracement, the market will go up, yesterday we said the market will move up instead of going down from the previous day low, and it really went up to 1.9735, and for sure the market will never move to the 1.9400 as you expected.... so please tell me which part is wrong?
I am just here to talk nonsense =D
  • #4,185
  • Edited 12:52am Jan 26, 2007 12:34am | Edited 12:52am
Quoting Traex
Wow, Monarch, that's a detailed analysis with a lot of numbers. You're doing a great work, thanks alot for that.
Quoting Traex
I want to ask something, if you don't mind. Could you please provide us with a trade example with the above given analysis? I'm abit confused here about it and want to learn how to put that analysis into trade. Thanks again!
This formula does not work all the time, but it could help in deciding some areas in which the price could reach.

Here is another example for you.

Daily Chart

High at 1.9749 1-3-07
Low at 1.9262 1-5-07

61.8 Fibo is 1.9562
38.2 Fibo is 1.9447
subtract totals = 115

Low at 1.9262 1-5-07
High at 1.9455 1-9-07

38.2 Fibo 1.9383
61.8 Fibo 1.9336
subtract totals = 47

115 + 47 = 162

1.9455 Hig 1-9-07
- 162 = 1.9293
1-10-07 Daily Candle Low went down to 1.9315
(22 pips above projection)

Like I said, it may not work all the time, but watching many time frames you may find some that work in most time frames.

I guess I always try to find a combo of numbers and try them out until I see something that stands out. This is not something I've read or been taught, just playing around and I usually stumble across things.
  • #4,186
  • Jan 26, 2007 12:38am Jan 26, 2007 12:38am
The 1.9587 is just one of the possibilities, in forex anything can happen and those who prepare themselves for the worst will be the one who will be making money. The market may not go back to the midrange and instead move back and break the current high if it has enough buyer.. that is also a possibility.... What we are trying to do here is to share our knowledge and we are not psychic, you can either come here to share what you know, or listen to other people analysis and compare it to your own analysis or just shut up and do nothing....
I am just here to talk nonsense =D
  • #4,187
  • Edited 12:55am Jan 26, 2007 12:44am | Edited 12:55am
Quoting henrycarol
Seems now more ppl are going for 1.9580-50..............on Monday it was 2.0

So fast things changed
The amazing thing I found out about analyzing, is that it is only an analysis.

I am continually challenged by the Forex and the change that can take place in a movement, but the one thing that I am not challenged by is the fact that no matter the direction or movement, I can make nice profits every trade if I simply trade the price action at that moment.

Even though I study hours upon hours with many facets of technicals, I only trade for 5-15 minutes per day. So why all the study you may ask, so I can have the best understanding of where this currency is heading, and where it came from, this helps me recognize at the moment I enter a trade what is happening now.

It really does not matter if it dropped to 1.8000 tonight, I am only going to reach in and grab my goal, and when that is accomplished, I will depart for another evening and let everyone else try to pick and choose the direction.

Come tomorrow, guess what, it may be hitting the man on the moon, and once again, it will not matter as far as my goal is concerned, I will not chase the man to the moon, and I will not chase the man on the moon.

We must constantly analyze the Cable, so that when we finally enter our trade we know that this is the best I have, and I am completely prepared to accomplish the task at hand.

And when all is said and done, the week is over, My goal is accomplished to the best of my ability.
  • #4,188
  • Jan 26, 2007 12:59am Jan 26, 2007 12:59am
Quoting Zarul Shahrin
I am afraid our opinion didn't change.... The movement down is a matter of retracement, the market will go up, yesterday we said the market will move up instead of going down from the previous day low, and it really went up to 1.9735, and for sure the market will never move to the 1.9400 as you expected.... so please tell me which part is wrong?
Well first thing is I never said it will move to 1.9400 yesterday. Pls do not accuse me of things I did not say.

Yes it tested 1.9735 but went back down. I only said it wont touch 1.9750 which is true. I also said it will make a new low..which happened. So what's the probelm with you?

Seems like you have have a personal agenda against me?

Whether or not today it will rebound or not, we will wait and see.
  • #4,189
  • Jan 26, 2007 1:27am Jan 26, 2007 1:27am
how farup do ou guys expect the cable to retrace before the short at 8am?

expect it to see 1.9690?
  • #4,190
  • Jan 26, 2007 1:31am Jan 26, 2007 1:31am
Well I have completed my trading for the week.

Now it is time to re-evaluate charts, and start projecting and anaylizing the week upcoming.

Goal met tonight in 25 minutes, longer than I wanted to stay in the market.

5 Trades this week - 5 Wins - 0 Losses - Big Profits.

It is not how many trades you can make, but how much you can make in a trade""

Have a wonderful night - or -day whichever your facing.

I am going to bed a happy camper folks.
  • #4,191
  • Jan 26, 2007 1:32am Jan 26, 2007 1:32am
Quoting Tatton
how farup do ou guys expect the cable to retrace before the short at 8am?

expect it to see 1.9690?
I just took my short at 1.9672 ............
  • #4,192
  • Jan 26, 2007 1:34am Jan 26, 2007 1:34am
Quoting monarch
Well I have completed my trading for the week.

Now it is time to re-evaluate charts, and start projecting and anaylizing the week upcoming.

Goal met tonight in 25 minutes, longer than I wanted to stay in the market.

5 Trades this week - 5 Wins - 0 Losses - Big Profits.

It is not how many trades you can make, but how much you can make in a trade""

Have a wonderful night - or -day whichever your facing.

I am going to bed a happy camper folks.
Enjoy ur weekend........
  • #4,193
  • Jan 26, 2007 1:38am Jan 26, 2007 1:38am
Quoting henrycarol
I just took my short at 1.9672 ............
the london session is not over.. i expect more uptrend before the market opens in new york .. good entry point though
  • #4,194
  • Jan 26, 2007 1:39am Jan 26, 2007 1:39am
Quoting Tatton
the london session is not over.. i expect more uptrend before the market opens in new york .. good entry point though
Yeah just entered 1 first ......who knows it wont go up anymore....if goes up..I short another 1.
  • #4,195
  • Jan 26, 2007 1:40am Jan 26, 2007 1:40am
1.9666 is currently acting as a resistance, only a move above that level will hint us whether there is a possible reversal to the 1.99 level or it will retrace to the midrange....
I am just here to talk nonsense =D
  • #4,196
  • Jan 26, 2007 1:44am Jan 26, 2007 1:44am
Got rejected.......g/u from the highs......
  • #4,197
  • Jan 26, 2007 1:46am Jan 26, 2007 1:46am
14 minutes before London, there is still no sign it will open above resistance level...
I am just here to talk nonsense =D
  • #4,198
  • Jan 26, 2007 1:46am Jan 26, 2007 1:46am
According to my price feed (FXSolutions), the price went exactly--to the pip--where Monarch calculated it might go: 1.9679. Good call!
  • #4,199
  • Jan 26, 2007 1:51am Jan 26, 2007 1:51am
9 minutes to go, the price currently above the 1.9666...Hopefully it will stay there..
I am just here to talk nonsense =D
  • #4,200
  • Jan 26, 2007 1:54am Jan 26, 2007 1:54am
Quoting monarch
Well I have completed my trading for the week.

Now it is time to re-evaluate charts, and start projecting and anaylizing the week upcoming.

Goal met tonight in 25 minutes, longer than I wanted to stay in the market.

5 Trades this week - 5 Wins - 0 Losses - Big Profits.

It is not how many trades you can make, but how much you can make in a trade""

Have a wonderful night - or -day whichever your facing.

I am going to bed a happy camper folks.
Talk about a perfect week

Well done my friend

Kind Regards
Steve
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