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Cable Update (GBPUSD)

  • #457,141
  • Dec 18, 2017 5:47pm Dec 18, 2017 5:47pm
Quoting gka
I attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm in New York. A description of the algorithm and format of the attached chart can be found in documents attached to my previous posts. For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents. {image}
How do you trade according to VRM. can you explain pls
  • #457,142
  • Dec 18, 2017 6:58pm Dec 18, 2017 6:58pm
Quoting Ill-b-back
{quote} Got the level 3384/5 in my previous post which capped the daily close, using daily PA and fib. retracement. I downloaded your document but doesn't give any specifics about how to calculate the 24 levels or what MAs' are used to create the channel.
The 24 levels are calculated using lots of maths. The maths interpolates between the previous high, low & close and the next high, low and close. Using daily or weekly data. The short and long term trend channels are created using the 24 levels averaged out.
  • #457,143
  • Dec 18, 2017 7:13pm Dec 18, 2017 7:13pm
Quoting gka
{quote} The 24 levels are calculated using lots of maths. The maths interpolates between the previous high, low & close and the next high, low and close. Using daily or weekly data. The short and long term trend channels are created using the 24 levels averaged out.
Right thx
Come with me if you want to live....
  • #457,144
  • Dec 18, 2017 7:25pm Dec 18, 2017 7:25pm
Quoting honesttrader
{quote} How do you trade according to VRM. can you explain pls
At the moment first I plot the VRM levels on two GBPUSD charts. Weekly VRM levels on one chart stay the same until Friday 5 pm New York time. Daily VRM levels on the other chart get updated daily after the 5 pm New York close. At the moment I am using 30 minute candlesticks. Then I add an Exponential Moving Average (EMA) channel to each chart with periods 4 and 7. I use the EMA to assess whether the price action is bouncing off a VRM level or not. I use the VRM levels of the three FX pairs GBPUSD , EURGBP and EURUSD because you can see which FX pair is leading the bunch by the way they bounce off the VRM levels. Then I look for large gaps between VRM levels and that is where I like to trade. At the moment I have a S/L of 25 bps and a T/P of 50 bps.

I attach the 6 charts for GBPUSD, EURGBP and EURUSD I used during Monday just finished. You can see how GBPUSD and EURUSD reach a weekly VRM level in the top charts at the same time. Because of arbitrage GBPUSD X EURGBP = EURUSD I think you have to watch all 3 FX pairs to understand what GBPUSD is doing. Sometimes GBPUSD leads and sometimes it follows and sometimes it is just a spectator.

At the end of the describing documents I already attached to my posts you will find links to VRM predictions for

EURGBP, EURUSD, EURJPY, EURCHF, EURCAD
GBPUSD, GBPJPY, GBPCAD
USDCAD, USDCHF, USDJPY, USDNZD
AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-18-GBPUSD-EURGBP-EURUSD.png Size: 449 KB
  • #457,145
  • Dec 18, 2017 7:50pm Dec 18, 2017 7:50pm
Quoting akim0895
{quote} good luck mate..
Reminder GBPUSD traders "Last Call" to open BUY at current market price. TP1) 1.3455 , TP2) 1.3480 and last but not least SL at 1.3300 "for time being". I will update again tonight for the next train stations

Good Lucks Malaysians Traders.
  • #457,146
  • Dec 18, 2017 9:23pm Dec 18, 2017 9:23pm
Inserted Video
  • #457,147
  • Dec 18, 2017 10:13pm Dec 18, 2017 10:13pm
Quoting asgcorp
{quote} pending buy order 3373 SL 3368 (5) TP 3440. risk 5 points only.
stops -5
  • #457,148
  • Dec 18, 2017 11:24pm Dec 18, 2017 11:24pm
Quoting asgcorp
{quote} stops -5
hai asgcorp..
still holding my long
late entry 1.3366 sL 20pips..
hope get to my tP 1.3440
seem bear are attacking right now
just for a cup of coffee...
  • #457,149
  • Dec 18, 2017 11:38pm Dec 18, 2017 11:38pm
Quoting akim0895
{quote} hai asgcorp.. still holding my long late entry 1.3366 sL 20pips.. hope get to my tP 1.3440 seem bear are attacking right now
Yeah, you should get your TP. TL on M30 holding so far, I don't see it letting go that easy. Good entry!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB
  • #457,150
  • Dec 18, 2017 11:39pm Dec 18, 2017 11:39pm
got stopped out cause I put my TL in the wrong spot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #457,151
  • Dec 18, 2017 11:41pm Dec 18, 2017 11:41pm
Quoting asgcorp
{quote} Yeah, you should get your TP. TL on M30 holding so far, I don't see it letting go that easy. Good entry! {image}
thanks asgcorp
just for a cup of coffee...
  • #457,152
  • Dec 18, 2017 11:51pm Dec 18, 2017 11:51pm
Kept the euro usd trades running on longs which is totally fcking logical.
Pound dollar no trade just been busy and price not in my radar zone,
when price comes to me then i trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h2-ifcmarkets-corp.png Size: 256 KB
  • #457,153
  • Dec 18, 2017 11:54pm Dec 18, 2017 11:54pm
Quoting dean1star
Kept the euro usd trades running on longs which is totally fcking logical. Pound dollar no trade just been busy and price not in my radar zone, when price comes to me then i trade. {image}
hai dean1star..
i still hold my long on euro too..
My tP at 1.1835 before try to short at 1.1845-50 with tight sL..
just for a cup of coffee...
  • #457,154
  • Dec 19, 2017 12:04am Dec 19, 2017 12:04am
Quoting akim0895
{quote} hai dean1star.. i still hold my long on euro too.. My tP at 1.1835 before try to short at 1.1845-50 with tight sL..
Hey Akim - looking to see if we break the last high at 118 600.
No trade on pound dollar which is a shame they are a great pair when traded together said a few times will catch the down on the GBUSD worst case scenario.
Nice trade btw time taken to hold verses profit is still lucrative i hope for you also.
  • #457,155
  • Dec 19, 2017 12:07am Dec 19, 2017 12:07am
lol. how is it going pufter?
Attached Image
  • #457,156
  • Dec 19, 2017 1:24am Dec 19, 2017 1:24am
Quoting asgcorp
lol. how is it going pufter? {image}

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  • #457,157
  • Dec 19, 2017 1:31am Dec 19, 2017 1:31am
Quoting asgcorp
lol. how is it going pufter? {image}
Do me a favour please can you stop with the homophobic comments, they are not allowed in other groups i am sure the same internet protocal applies here, i have kindly reported you for this offence and i can go alot further if it continues ok so in todays modern world throwing out words to another can be constituted as being of homophobic nature which is not tollerated and certainly i will not allow you to take this line of approach with me ok if you have a problem with your own sexuality with gay people then please take these issues somewhere else ok do not throw them out at me as if you either think its funny or some kind of joke - get this post ok -

HOMOPHOBIC comments will be reported not just here ok. We all have rights and your discriminating.

noun
BRITISHinformaloffensive

  1. another term for poof2.

  • #457,158
  • Edited 1:50am Dec 19, 2017 1:34am | Edited 1:50am
Quoting dean1star
{quote} Report Notes: This report will be sent to all Website Coordinators and the appropriate action will be taken within 24 hours. The Website Coordinators rely entirely on members like you to ensure Forex Factory remains a healthy trading environment; thank you for helping!
lol. you are pretty sour / short-sighted. I see you have spelling issues, that's fine, coming from non-English speaking country. )))

PS:
Quote
i can go alot further if it continues ok
lol. let's see it!
  • #457,159
  • Dec 19, 2017 1:38am Dec 19, 2017 1:38am
Quoting asgcorp
{quote} lol. you are pretty sour / short-sighted. I see you have spelling issues, that's fine, coming from non-English speaking country. )))
no comment but all i can say in reply is somehow i really got to you didnt i or why else all of these comments, calling me gay, picking up on others mistakes, man you gotta sort your mood out ok .. as is noted in your way of conversing i really feel for you honestly its sad when people turn these places into a despot of their own negative issues so if you have an issue then msg me ok out here it just looks stupid or i guess your one of those i am a tough guy trader, if so them msg me and we can talk in private and whatever your problem is my friend it is not mine i have none in my life, career and trading. as i say one last time msg me if you have an issue out here is time wasting and it looks stupid ok
  • #457,160
  • Dec 19, 2017 1:41am Dec 19, 2017 1:41am
Pathetic what this forum has become. I wonder who said that to me and now has stooped to a brand new level. great job.
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