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Daily Cable Analysis

  • #6,801
  • Feb 22, 2007 11:10am Feb 22, 2007 11:10am
Quoting enzo2325
As you now nothing is a 100 proof system. IF the market is going up and down pretty quick with no range. I just stay out. It's to risky and you may get 2 out of 5 trades right. So to me its not worth it. I always trade with my 15 and 60 min charts. If I decide on scalping I go to the 5 and just glance at the 15 here and there. Tell you the truth I only scalp if im home and bored. But getting out of that habbit. My trading hours now are from 2 a.m.-11p.m.
Thats the best way for this system to work. Otherwise its money down the drain. Hope this helps. I see the market a bit different with this system then you may so I dont really know what else to say.
Thats a long day 21hrs! lol
  • #6,802
  • Feb 22, 2007 11:12am Feb 22, 2007 11:12am
Well most of the time im sleeping...
trading on demo is not trading
  • #6,803
  • Feb 22, 2007 11:13am Feb 22, 2007 11:13am
Oh! 11 a.m. I mean.... I need to get some more rest
trading on demo is not trading
  • #6,804
  • Feb 22, 2007 11:14am Feb 22, 2007 11:14am
as soon as I close it goes for another 10 pips!!! wow im getting greedy... I need to chill
trading on demo is not trading
  • #6,805
  • Feb 22, 2007 11:21am Feb 22, 2007 11:21am
Quoting enzo2325
Yeah definately in the Am hours. ALso it has happened to me twice two. Especially this week since the market was ranging up and down so much. When the market is like it has been this week sami got to the 5 and 15 min charts. IT works really good and you can scalp up and down. I was making between 7-20 pips everytime MACD crossed. Not bad...

I use ur system on 1 ,5 ,15 min when market as no direction.........once it has crossed 1 min later 5 min & finally 15 min by time time market is confimed the direction............l like it
"Trade for sake of trading & not for winning or Lossing"
  • #6,806
  • Feb 22, 2007 11:22am Feb 22, 2007 11:22am
anyone watching 1.9606 for resistance here?
  • #6,807
  • Feb 22, 2007 11:24am Feb 22, 2007 11:24am
http://t.foto.radikal.ru/0702/21545c8ec403.gif

here is the way to up trand...
  • #6,808
  • Feb 22, 2007 11:24am Feb 22, 2007 11:24am
Price is on the 38.2 % fibo from 1.9914-9400 1.9596
trading on demo is not trading
  • #6,809
  • Feb 22, 2007 11:30am Feb 22, 2007 11:30am
Quoting HonaForex
I M kicking myself for counting wave wrong & missing downward journey..........well i m still in trade all my opening which i wanted to come out at 1.9535.............myself targeting at 1.9618 later i see corection of 30 to 50 pips
Took 2nd profit at 1.9600. Left 1 more part of long. S/l tightened to 1.9525. Can relax abit now.
Tra-X
  • #6,810
  • Feb 22, 2007 11:35am Feb 22, 2007 11:35am
hey i think bulls have lost the war now & there will be correct of 30 to 50 pips to agian start the rally & i m short at 1.6590 with stop lossat 1.9600 & take profit at 1.9550
"Trade for sake of trading & not for winning or Lossing"
  • #6,811
  • Feb 22, 2007 11:39am Feb 22, 2007 11:39am
Quoting Traex
Took 2nd profit at 1.9600. Left 1 more part of long. S/l tightened to 1.9525. Can relax abit now.

My chart higest is 1.9598................& I hate my broker ie Interbankfx
"Trade for sake of trading & not for winning or Lossing"
  • #6,812
  • Feb 22, 2007 11:39am Feb 22, 2007 11:39am
Quoting HonaForex
hey i think bulls have lost the war now & there will be correct of 30 to 50 pips to agian start the rally & i m short at 1.6590 with stop lossat 1.9600 & take profit at 1.9550
I will enter short after the Hourly candle closes, and only if the price stays below 1.9582. I will wait 20 more minutes here before entry.
  • #6,813
  • Feb 22, 2007 11:43am Feb 22, 2007 11:43am
Now watch ur sytem on 1 min chart...........it really fun..........I love it
"Trade for sake of trading & not for winning or Lossing"
  • #6,814
  • Feb 22, 2007 11:45am Feb 22, 2007 11:45am
[quote=Traex;225480]Took 2nd profit at 1.9600. Left 1 more part of long. S/l tightened to 1.9525. Can relax abit now. [/quo

Great trading.

I think I was wrong about my W3 high...the retrace was too small, so IŽll move to 9600 as my W3 high. That will target 9567 or 9547 for the W4 pull back. If hit, that will push my W5 target up to 9637 and above....mm I seem to remember that was your target from earlier.

WeŽll see, its getting late in the day to continue now that the Brits have finished and gone to the Pub!
Trading Levels with WRBs
  • #6,815
  • Feb 22, 2007 11:51am Feb 22, 2007 11:51am
Quoting monarch
I will enter short after the Hourly candle closes, and only if the price stays below 1.9582. I will wait 20 more minutes here before entry.
Market do not have much volume right now therefore I thought let me give 10 pips for loss & if profit for 40 pips.............right now price is touching 50 Ema on 1 min chart to bounce back
"Trade for sake of trading & not for winning or Lossing"
  • #6,816
  • Feb 22, 2007 11:56am Feb 22, 2007 11:56am
Traex and Islander - you guys should team up
Thanks for the great E.W. tag-team. It's appreciated on this end
All hard work brings a profit, but mere talk leads only to poverty.
  • #6,817
  • Feb 22, 2007 12:01pm Feb 22, 2007 12:01pm
Quoting monarch
I will enter short after the Hourly candle closes, and only if the price stays below 1.9582. I will wait 20 more minutes here before entry.
Hourly closed at 1.9582, may have asmall upward test, then should drop for a little.
  • #6,818
  • Feb 22, 2007 12:02pm Feb 22, 2007 12:02pm
Quoting monarch
I will enter short after the Hourly candle closes, and only if the price stays below 1.9582. I will wait 20 more minutes here before entry.
May i know your target ? exit ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #6,819
  • Feb 22, 2007 12:03pm Feb 22, 2007 12:03pm
Quoting Traex
Mine's FXDD for trade and free news service, Marketiva for chat and news alert (before news) lol.
Thanks for information lol
"Trade for sake of trading & not for winning or Lossing"
  • #6,820
  • Feb 22, 2007 12:08pm Feb 22, 2007 12:08pm
Quoting monarch
Hourly closed at 1.9582, may have asmall upward test, then should drop for a little.

Wow now bears will control for sometime hahahah..........well still bulls are not giving up easily & giving good fight but volume is decreasing.............
"Trade for sake of trading & not for winning or Lossing"
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