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Cable Update (GBPUSD)

  • #31,941
  • Sep 20, 2007 9:44am Sep 20, 2007 9:44am
Quoting bullrock
thats my boy, u deserve a kiss from my GF

never mind, just kidding, I meant a kool one, not a smooch.

ROFL
Hello World!
  • #31,942
  • Sep 20, 2007 9:46am Sep 20, 2007 9:46am
Quoting bullrock
Nice bullrock.....keep up the great work.
  • #31,943
  • Sep 20, 2007 9:52am Sep 20, 2007 9:52am
Quoting ClockTrader
Can you say that again ? It seems to be working !
im sure not many people agree with me...but i does peek-a-boo on M1 & M5 RSI & Stoch movement to predict coming M15 or H1 trends

no doubt it's a risky as dealing with more noises:

what i see, to deal with current market... me prefer hit & run, rather than swing with it:
  • #31,944
  • Sep 20, 2007 9:53am Sep 20, 2007 9:53am
dam i been focus too much GY....now i miss alot of GU.
but yet i did made 50 pip earlier
  • #31,945
  • Sep 20, 2007 9:53am Sep 20, 2007 9:53am
Quoting ClockTrader
thats my boy, u deserve a kiss from my GF

never mind, just kidding, I meant a kool one, not a smooch.

ROFL
Thanks Whatever... Don't be jelaus, just kidding
.
  • #31,946
  • Sep 20, 2007 9:55am Sep 20, 2007 9:55am
Quoting karmostaji
Thanks for the reminder but I'm a trader who trades what he see's on his chart and don't bother to think what will the Fed or Bush will say.
Officials on the wires DO MATTER. They just DO.

I learned it the hard way.
  • #31,947
  • Sep 20, 2007 9:58am Sep 20, 2007 9:58am
guys/gals,

currently my m1, M5, M15 & H1; RSI & Stoch showing over 70's & 80's ...careful:

let's pray it will stay there
  • #31,948
  • Sep 20, 2007 10:01am Sep 20, 2007 10:01am
Quoting lamepug
guys/gals,

currently my m1, M5, M15 & H1; RSI & Stoch showing over 70's & 80's ...careful:

let's pray it will stay there
I am mid-long term player i do not give a *** of m1, m5, m15
I cut off my hand if i go below 1h and 4h charts...
.
  • #31,949
  • Sep 20, 2007 10:15am Sep 20, 2007 10:15am
What no 1sec, 5sec, 15sec RSI readings.
  • #31,950
  • Sep 20, 2007 10:16am Sep 20, 2007 10:16am
Quote
Don't be jelaus

ahhh, no way, you have no idea how much we helping each other, its like a team, its so motivating.

Being good, we are above such bad feelings

Cheer up and make more n more n more until FX is dry, ROFL
Hello World!
  • #31,951
  • Sep 20, 2007 10:17am Sep 20, 2007 10:17am
Quoting lamepug
guys/gals,

currently my m1, M5, M15 & H1; RSI & Stoch showing over 70's & 80's ...careful:

let's pray it will stay there
These day with high volatility it's not a good deal to look at RSI, just my 0.02

BTW, i'm looking for a minor retreacement to buy some more
No Brain, no Gain.
  • #31,952
  • Sep 20, 2007 10:22am Sep 20, 2007 10:22am
Quoting SunTrader
What no 1sec, 5sec, 15sec RSI readings.
.
  • #31,953
  • Sep 20, 2007 10:22am Sep 20, 2007 10:22am
1sec chart -> high frequency trading.
.
  • #31,954
  • Sep 20, 2007 10:22am Sep 20, 2007 10:22am
US$ index multi year low is 78.33 on 9/1/92 which my data covers back to Sept '87

Todays low is 78.57 so a bottom, even if only short term, may be approaching.
  • #31,955
  • Sep 20, 2007 10:23am Sep 20, 2007 10:23am
Quoting BGazzoni
These day with high volatility it's not a good deal to look at RSI, just my 0.02

BTW, i'm looking for a minor retreacement to buy some more
RSI 79,81,79,81,79,81,83,85,81,82,83
menawhile the price went 500 pips.... But oh yeah be careful with the reading...
.
  • #31,956
  • Sep 20, 2007 10:30am Sep 20, 2007 10:30am
Quoting SunTrader
US$ index multi year low is 78.33 on 9/1/92 which my data covers back to Sept '87

Todays low is 78.57 so a bottom, even if only short term, may be approaching.
CNBC has it 78.19 as record lows (does not mention when). The chart I check does not reach that far back
  • #31,957
  • Edited 11:03am Sep 20, 2007 10:51am | Edited 11:03am
Yesterday, i got stopped out on GJ by 1 pip, and i thought "again??? ok... i had enough"

Just by curiosity i went to check how much trades did i lost getting hit by 5 pips or less, with 50+ stops, in the August and September months....

71%... and 77% if i count a 10 pip difference between SL and rebound.

Ok... thats it! I'm switching to Daily Charts...

The difference of opinions between Asian/US/Europe Sessions are getting worst and worst. I can't stand to be right in direction and lose with mind blowing stop and reversals caused by indecision between sessions.

The price just stops away from any logical barrier sometimes, what means no clear Sl hunt and then reverses randomly.

I know how to enter on daily charts, but i dont know how to determine good SL there.

Bullrock can you help me on that? You trade Daily/Weekly charts right?

How do you determine your stops without looking to H4 charts? Daily 5 sma/emas? Previous days lows/highs?

Just by curiosity. How many times do you add lots to winning positions, based on EU or GU bull runs that we have seen in the last months?

For example, how many times did you added lots on the last 1000 pip GU bull run?

Thanks in advance.
  • #31,958
  • Sep 20, 2007 10:53am Sep 20, 2007 10:53am
It seems that I have totally missed my favourite pairs USDCHF falling like an idiot and USDJPY the same... WTF. Whatever I am happy with my GU. Trying to control my greed... Discipline *** sake...
.
  • #31,959
  • Edited 11:27am Sep 20, 2007 10:57am | Edited 11:27am
here are my post form yesterday to today see the my charts. I respect all new traders and welcome to join (Trade at ur own risk)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable wave 19 sep.gif Size: 10 KB
Click to Enlarge Name: cable wave 3 line.gif Size: 10 KB
Click to Enlarge Name: cable 3 wave.gif Size: 10 KB
  • #31,960
  • Sep 20, 2007 11:01am Sep 20, 2007 11:01am
Quoting Warper
Yesterday, i got stopped out on GJ by 1 pip, and i thought "again??? ok... i had enough"

Just by curiosity i went to check how much trades did i lost getting hit by 5 pips or less, with 50+ stops, in the August and September....

71%... and 77% if i count a 10 pip difference between SL and rebound.

Ok... thats it! I'm switching to Daily Charts...

The difference of opinions between Asian/US/Europe Sessions are getting worst and worst. I can't stand to be right in direction and lose with mind blowing stop and reversals caused by indecision between sessions.

The price just stops away from any logical barrier sometimes, what means no clear Sl hunt and then reverses randomly.

I know how to enter on daily charts, but i dont know how to determine good SL.

Bullrock can you help me on that? You trade Daily/Weekly charts right?
Yes, right I am trading off the daily charts.

How do you determine your stops without looking to H4 charts? Daily 5 sma/emas? Previous days lows/highs?
None of them. I have statitical calculations reagarding this. For example say that the system always enters into buy when the previous bars high is highe than the one before and the previous bars low is higher than the one before. Enter trade at the open of the day. That is how I accumulate. Every day add a new one if bar is ok based on conditions. Then I have statitical calculations (probabilities) of various price levels up and down. I know for example that in case of the GU the price goes from open 40 pips in 60% of the cases but drops from open 40 pips only 55% of the cases. You figured out.. I have done these calculations from 10 to 200 in 10 pips increments. I have chosen a time span. Say 1 year and I redo these calculations every day with the new information. This is the way I work.

Just by curiosity. How many times do you add lots to winning positions, based on EU or GU bull runs that we have seen in the last months?
Previous answer. Daily.

For example, how many times did you added lots on the last 1000 pip GU bull run?
I have missed that unfortunately but based on my current system that I have developed for the last 4 months and i have finalised 2 weeks ago I would have added every day when conditions are met. Also for example the 40 pips are understood for the daily trades the position trades SLs are below the previous bars lows.


Thanks in advance.
Hope this helps
.
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