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forexnovice replied Jan 19, 2007Its unfortunate Monarch has stopped frequenting the thread. I got 2 learn a lot frm him. Demo trading...tried it but blew up the accounts. Real trading teaches a lot more than demo....Leugimp's TA & FA r really good..right up2 the mark ...
Daily Cable Analysis
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forexnovice replied Jan 19, 2007I also stopped trading on such reports. Prior to rate hike, every1 anticipated it 2 remain same. Blew up 50% of my real account
....Now recovering it pip by pip...Daily Cable Analysis
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forexnovice replied Jan 19, 2007Wow!...where did u get all that info. I mostly read just fxstreet's articles?
Daily Cable Analysis
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forexnovice replied Jan 19, 2007Only reason I could find frm daily charts was that price was above & around this level for 4 days. Maybe Monarch has the answer...
Daily Cable Analysis
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forexnovice replied Jan 19, 2007Watch your SL. It is sitting right @ 61.8 fibo of todays upward movement frm 9695 to 9763.
Daily Cable Analysis
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forexnovice replied Jan 19, 2007On the daily chart, taking the high @ 1.9846 (Dec 1) & low @ 1.9263 (Jan 5 & Jan 8), the following fibo levels have been successfully completed 78.6% @ 1.9388 61.8% @ 1.9484 50% @ 1.9554 38.2% @ 1.9623 23.6% @ 1.9707 Price is currently above 23.6 ...
Daily Cable Analysis
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forexnovice replied Jan 19, 2007Nice chart Cesarnc — If the upward channel holds, a drop to 78.6fibo level @1.9680 should provide sufficient critical mass for reaching 1.9800 & higher by next week...my 2cents
Daily Cable Analysis
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forexnovice replied Jan 17, 2007Yesterday GBP completed 112 pips, making a high of 1.9706 & low of 1.9592. Today, as per GMT time, the low has been @ 1.9605. Cable has often retraced to 78.6 fibo of the previous days high or low b4 turning in the other direction. The 78.6 fibo 4 ...
Daily Cable Analysis
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forexnovice replied Jan 5, 2007Just Copying Monarch's Style — On the 15min charts, taking todays low @ 9350 & high @ 9434, the following Fib levels have been reached 23.6 @ 9414 38.2 @ 9401 50 @ 9392 Close to 61.8 @ 9382 (Unlikely 2 be reached...atleast not b4 NFP) ...
Daily Cable Analysis
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forexnovice replied Jan 5, 2007Back frm lunch & my long @9400 is already triggered. And the thread has already gone long by 5 pages! Will wait half hour b4 NFP & close my position be it + or -. After analysing the past 6 months NFP reports on the hourly charts, I have decided 2 ...
Daily Cable Analysis
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forexnovice replied Jan 5, 2007long frm 9350 just closed @ 9429 prior 2 london open....Another long entry is waiting @ 9400 retracement frm london open....SL 9375..TP 9460
Daily Cable Analysis
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forexnovice replied Jan 5, 2007Monarch — Hi Monarch...I just finished reading through ur entire thread....the Analysis is excellent....Keep Up The Good Work.....While I was sleeping, my yesterday,s short @9429 with SL 9475 & TP 9360 was closed profitably. Also my long @9350 ...
Daily Cable Analysis
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forexnovice replied Jan 4, 2007Gp — I am the President of the London Central Bank
....I say bearish below 9450 but only till 9350....if it ever reaches there
i hope bigboys r not reading this
Cable Update (GBPUSD)
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forexnovice replied Jan 4, 2007Good prediction.....currently short is 2 pips frm SL @ 9475...lets see what happens
Cable Update (GBPUSD)
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forexnovice replied Jan 4, 2007looking 2 go long after a dip to 9340-50 . 9338 is the 38.2 fib on my daily chart. Currently short @9429 SL 9475 TP 9360.
Cable Update (GBPUSD)
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forexnovice replied Jan 2, 2007Appreciate that. I am expecting the drop back into the channel with the upcoming USD releases in a few hours time.... & it has been in the 9730-40 area 4 quite sometime now...just my 2cents short term view
Cable Update (GBPUSD)
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forexnovice replied Jan 2, 2007Good Morning Every1 — my broker just openend. closed my long of friday @9657 9734 for 77+ pips. Had set a SL of 9550. Reason to go long being that cable is trading in an upwards sloping channel. Now short @9735 with SL 9775 & TP 9700. ...
Cable Update (GBPUSD)