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Daily Cable Analysis

  • #4,221
  • Jan 26, 2007 3:01am Jan 26, 2007 3:01am
when you have enough money to coax trumps girlfriend away from him
  • #4,222
  • Jan 26, 2007 3:02am Jan 26, 2007 3:02am
Quoting mohsen57
Monarch, can you please tell me how you approach with news event with your analysis and trades, news like NFP or big news, or you may simply ignore them? thank you again
Actually the news help propel most movements in the direction it is already in, or helps it make the needed corrections. I can't figure most of the news out, and I don't pay much attention to it.

I am never in position when news happens, but I have made some great pips in less than 15 minutes with a news strategy I use for scalping. It usually succeeds 75-85% of the time. If the strategy perimeters are not met, I never take a position.

I will not just guess at the trade, I must see it happening.

I have no radio, I don't read a paper, I have no tv, I only have the charts, and all the good folks here to explain to me what is happening in the news.
  • #4,223
  • Jan 26, 2007 3:03am Jan 26, 2007 3:03am
Just got in another 2 shorts at 1.9647

Well I am a noob with g/u ..........:
  • #4,224
  • Jan 26, 2007 3:08am Jan 26, 2007 3:08am
Price has steadily climbed from the Low at 1.9613 up to 1.9747 so far, this looks encouraging for a Long.

But usually most traders see this, and say wow, I gotta jump in with this move, and once you jump and pull the Long trigger, it stops right then, and goes against you.

This is a sure way to lose money.

Don't just jump in because you see a big candle, be prepared and ready for your strategy, work your system, don't let the system work against you.
  • #4,225
  • Jan 26, 2007 3:11am Jan 26, 2007 3:11am
Quoting monarch
Price has steadily climbed from the Low at 1.9613 up to 1.9747 so far, this looks encouraging for a Long.

But usually most traders see this, and say wow, I gotta jump in with this move, and once you jump and pull the Long trigger, it stops right then, and goes against you.

This is a sure way to lose money.

Don't just jump in because you see a big candle, be prepared and ready for your strategy, work your system, don't let the system work against you.
Monarch, actually it has climbed to 1.9649, at least in my chart here, exactly what you said.
Tra-X
  • #4,226
  • Jan 26, 2007 3:14am Jan 26, 2007 3:14am
thanks again monarch, i also believe that news will come to correct analysis but if it wrong with analysis the price will reverse after sometime and rerun back to where it should be according to analysis most of the time.
and if it is possible also tell me about stop losses, i totally understand about Tp and levels and i think the stop loss would be our previous level that turned to support or resistance please correct me if i am wrong, thanks
  • #4,227
  • Edited Feb 2, 2007 5:48pm Jan 26, 2007 3:16am | Edited Feb 2, 2007 5:48pm
EMAs Chart Attached

The Yellow EMA should be 1.9690 not 1.9790
  • #4,228
  • Jan 26, 2007 3:19am Jan 26, 2007 3:19am
Quoting monarch
At what stage/years trading does a person leave the Title Newbie?

Chime in everyone..........
What is your opinion here????
  • #4,229
  • Jan 26, 2007 3:21am Jan 26, 2007 3:21am
Quoting monarch
EMAs Chart Attached

The Yellow EMA should be 1.9690 not 1.9790
Monarch, i cant understand about these EMA setup you always post here, on 1hour chart, is there any post here or somewhere that explain this ema and this system in 1 hour which i can refer to it and study, i think it is from Tunnel method if i am not wrong?!

greatly appreciated.
Mohsen
  • #4,230
  • Jan 26, 2007 3:24am Jan 26, 2007 3:24am
Quoting monarch
What is your opinion here????
When he dies? lol..JK!
I am just here to talk nonsense =D
  • #4,231
  • Jan 26, 2007 3:26am Jan 26, 2007 3:26am
Quoting monarch
What is your opinion here????
I think when somebody will leave the title of newbie or noob, that he should be successful in his trading about 1 years and he or she should trade by his own mind and decided, the stage and time depend on person i think, after 2 years trading when i see your post and your analysis i think i am completely newbie, thanks again.
  • #4,232
  • Jan 26, 2007 3:29am Jan 26, 2007 3:29am
I think nobody will leave the newbie title, the market change all the time and give us something new to look like, everything time there is something new for us to look like, we are a newbie...
I am just here to talk nonsense =D
  • #4,233
  • Jan 26, 2007 3:29am Jan 26, 2007 3:29am
Quoting monarch
What is your opinion here????
When he/she has the red thick hair like the one in ur avatar.
Tra-X
  • #4,234
  • Jan 26, 2007 3:30am Jan 26, 2007 3:30am
Quoting monarch
Price has steadily climbed from the Low at 1.9613 up to 1.9747 so far, this looks encouraging for a Long.

But usually most traders see this, and say wow, I gotta jump in with this move, and once you jump and pull the Long trigger, it stops right then, and goes against you.

This is a sure way to lose money.

Don't just jump in because you see a big candle, be prepared and ready for your strategy, work your system, don't let the system work against you.
looks like it might want to test the top of the channel lets see
  • #4,235
  • Jan 26, 2007 3:31am Jan 26, 2007 3:31am
I don't think there is a set time period. When somone can hit there targets on a regular basis, adapt to whatever the market throws at them and take there losses as part of the job......thats when they loose there newbie status
Thanks, Damian Burrowes
  • #4,236
  • Jan 26, 2007 3:31am Jan 26, 2007 3:31am
hey monarch, why won't this thing let go of 19630????? like it's tailhook got snagged!!
  • #4,237
  • Edited 4:40am Jan 26, 2007 3:35am | Edited 4:40am
my opinion for today's trade - to wait clear signal to sell cable...
in the another direction buy on dips in zone 1.9525
GL GT all
  • #4,238
  • Jan 26, 2007 3:38am Jan 26, 2007 3:38am
Seems to me that 1.9647 is a good level to short
  • #4,239
  • Jan 26, 2007 3:40am Jan 26, 2007 3:40am
Monarch, from where did you get this value: 1.9671?
I am just here to talk nonsense =D
  • #4,240
  • Jan 26, 2007 3:47am Jan 26, 2007 3:47am
I think you stop beeing a newbie after you stop making newbie mistakes, like not cutting your losses when needed or not lettin profits run or not having enough patience and enterring too early without signal confirmation and of course not having adequate MMT.
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