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Cable Riding

  • #121
  • Nov 1, 2007 12:43am Nov 1, 2007 12:43am
Another update to resurrect this dead thread.

So far, using this "system" for 14 days (minus the Saturdays and Sundays), my account has went up about 17%

So, that's avg about 1 1/2% per day.

And this is just me "working" at it for maybe 10 minutes a day. I'm not really going nuts. I'm just testing the waters.

This method is simple and I usually take profits at 10-20 pips because I'm scared...lol. Usually the trend keeps going, but I just jump in again.

Oanda doesn't have trailing stops so I have to do it manually.

I've rarely had losses, because I keep my stops way far away..which is the key.

If you go with the trend...there's no way you're getting stopped out unless theres just something catastrophic happening.

I am a noob and this is the only thing that has worked for me thus far.

Slow and steady does it!
  • #122
  • Nov 3, 2007 7:17pm Nov 3, 2007 7:17pm
Quoting saint_berzer
Another update to resurrect this dead thread.

So far, using this "system" for 14 days (minus the Saturdays and Sundays), my account has went up about 17%

So, that's avg about 1 1/2% per day.

And this is just me "working" at it for maybe 10 minutes a day. I'm not really going nuts. I'm just testing the waters.

This method is simple and I usually take profits at 10-20 pips because I'm scared...lol. Usually the trend keeps going, but I just jump in again.

Oanda doesn't have trailing stops so I have to do it manually.

I've rarely had losses, because I keep my stops way far away..which is the key.

If you go with the trend...there's no way you're getting stopped out unless theres just something catastrophic happening.

I am a noob and this is the only thing that has worked for me thus far.

Slow and steady does it!
Hello...I am glad you are using this with success. It is good, but it is a little late as many times it will come back two bars or so before going forward.

I have been doing much tweaking to what I orignally posted and like what is happening for me much better.

You can see my new settings in my signature file, but I will say that it works great with GJ. I now have 3 charts showing...GJ, GU and UJ becasue they are so inter-related when it comes to GJ which can get me 200+ pips per day easy.

I will post how I use these new settings in the next post.
"Keep your eyes on the helpers" - Mr. Rogers
  • #123
  • Nov 3, 2007 7:21pm Nov 3, 2007 7:21pm
Quoting Dollie
Cable daily chart

I dont know if this indicator will repaint ?
This looks like a friggin mess
"Keep your eyes on the helpers" - Mr. Rogers
  • #124
  • Edited 7:48pm Nov 3, 2007 7:32pm | Edited 7:48pm
Here is a GJ chart showing how to use either all three indicators or each individually in conjunction with the RSI 9 which is always the base indicator. The first thing I look for as things can get very confusing is two cnadlesitcks in a row that are the same color. Until I see this I don't even bother with anything else.

this is very easy to spot and much easier than watching indicators.

I trade this on the M15 TF and am happy to trade this at the beginning of London and NY when trend is determined, yoiu can take this for a lot of pips.

If trading this just whenever, please make sure to not let your greens go to red. Remeber...you only need 60 -100 positve pips per day to cahnge your life.

It also works well with Gu and UJ and for most other pairs I would assume.

You have to zoom this picture up pretty close to se the indicator crossovers.

Attached Image (click to enlarge)
Click to Enlarge Name: gjh1.gif Size: 23 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #125
  • Edited 8:19pm Nov 3, 2007 7:45pm | Edited 8:19pm
Quoting billbss
What set up are you using?

Thanks

PS- The good thing about the Cornelius thread- if you don't like the system, just wait a couple of hours and you'll have a new one:-)
billbss....please remeber that just because you didn't get anything from tigers thread that many people are. I learned a lot from being with him and I now know many more methods to take trades from the market.

Methods that if you were truly into learning you would also know. So...if you don't like tigers thread or his method...then please leave it out of my forum. It is not funny and it is not welcome. And if you can't do that than you are not welcome.

The reason his strategies change is because the market cahnges and if you don't change with you either have to not trade or you will parish. He likes to trade and so he cahnges with the market conditions. A very good strategy if I were asked to vote on it.

It takes positive people with positive attitudes to win at this game. If you can't be just these things than please don't come back all right bro.

I look forward to you being a positve influence on this thread instead of just going around and kissing merlins butt all the time.

See ya bro
"Keep your eyes on the helpers" - Mr. Rogers
  • #126
  • Nov 3, 2007 8:10pm Nov 3, 2007 8:10pm
One thing to keep in mind is that yoiu will want to know your daily high and low and where you FIB lines are located. You will want to be advised to not trade this if you are signalled to enter the trade very close to one of these lines. Either wait for a breakout of these lines to enter or use a different strategy.

Take a look at this recent UJ chart. You will notice that after the NY move up and down, the market ranged between to FIB lines the rest of the day. I if you recognized this early you would have been able to make 100 more pips just from this tight range by selling on a kiss to the upper FIB line and and buy on a kiss to the lower FIB line. Of course, it would have taken you a few bounces to recognize the pattern but some pips were very possible

Tiger calls this the kissing trap and it is very effective for tight ranging markets when your indicators will be lagging behind and not give you a signal until you were many times too close to one of these lines.

Here is that chart and enjoy:

Attached Image (click to enlarge)
Click to Enlarge Name: gjh1.gif Size: 22 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #127
  • Nov 3, 2007 8:30pm Nov 3, 2007 8:30pm
Thanks for your new strategy. But am I missing something or are your entry lines drawn incorrectly.
For example, your chart in Post #124 - the third entry (long) on the right of the chart - neither the RSI or the Stoch. have crossed, and the cross on the ADX would not be confirmed until the completion of the third green bar.
Can you clarify, thanks.
  • #128
  • Nov 3, 2007 8:53pm Nov 3, 2007 8:53pm
Quoting damonl
billbss....please remeber that just because you didn't get anything from tigers thread that many people are. I learned a lot from being with him and I now know many more methods to take trades from the market.

Methods that if you were truly into learning you would also know. So...if you don't like tigers thread or his method...then please leave it out of my forum. It is not funny and it is not welcome. And if you can't do that than you are not welcome.

The reason his strategies change is because the market cahnges and if you don't change with you either have to not trade or you will parish. He likes to trade and so he cahnges with the market conditions. A very good strategy if I were asked to vote on it.

It takes positive people with positive attitudes to win at this game. If you can't be just these things than please don't come back all right bro.

I look forward to you being a positve influence on this thread instead of just going around and kissing merlins butt all the time.

See ya bro

You've said some things I probably should respond to in like manner, but I won't.

You have said some things about Merlin in that other thread, that should get you thrown out of here. You are lucky it hasn't.

I will say this, though, because you haven't been here long and you probably are not aware of it.

You don't tell me or anyone else what to post or where to post it. The moderators do that. You don't.

Do you understand?

If you have a problem with a post that I, or anyone else makes, click on contact and report it to a moderator.
  • #129
  • Edited 10:00pm Nov 3, 2007 9:47pm | Edited 10:00pm
Quoting orientos
Thanks for your new strategy. But am I missing something or are your entry lines drawn incorrectly.
For example, your chart in Post #124 - the third entry (long) on the right of the chart - neither the RSI or the Stoch. have crossed, and the cross on the ADX would not be confirmed until the completion of the third green bar.
Can you clarify, thanks.
Hello...they have not crossed. I will usually take the trade if it appears that everything is heading in the right direction and only 1 bar from crossing. To be safer though you can wait until all have crossed.

The line may actually be in the wrong spot as you would have entered at the beginning of the next stick. Yes...after re-looking, the lines are drawn on the close of the trigger stick and not on the entry stick.
"Keep your eyes on the helpers" - Mr. Rogers
  • #130
  • Edited 10:02pm Nov 3, 2007 9:51pm | Edited 10:02pm
Quoting billbss
You've said some things I probably should respond to in like manner, but I won't.

You have said some things about Merlin in that other thread, that should get you thrown out of here. You are lucky it hasn't.

I will say this, though, because you haven't been here long and you probably are not aware of it.

You don't tell me or anyone else what to post or where to post it. The moderators do that. You don't.

Do you understand?

If you have a problem with a post that I, or anyone else makes, click on contact and report it to a moderator.
Bill... then you should respect others and not put yourself in a postion to need to be told. Now... I am done with you. If you can't be a positive contributor then you will not have access to any more of my time.

Why not just let Merlin do his job and the rest of us can just get together to become successful forex traders. He is doing what he feels is best. I would much rather you let him worry about what he has to and you become more helpful in the success of all those members that Merlin needs to protect.

Don't let it ruin your day bro. Monday is trading time and not time to be emotionally driven about anything.

See ya...ohh and don't forget to keep smiling .
"Keep your eyes on the helpers" - Mr. Rogers
  • #131
  • Nov 3, 2007 10:10pm Nov 3, 2007 10:10pm
Quoting damonl
Bill... then you should respect others and not put yourself in a postion to need to be told. Now... I am done with you. If you can't be a positive contributor then you will not have access to any more of my time.

Why not just let Merlin do his job and the rest of us can just get together to become successful forex traders. He is doing what he feels is best. I would much rather you let him worry about what he has to and you become more helpful in the success of all those members that Merlin needs to protect.

Don't let it ruin your day bro. Monday is trading time and not time to be emotionally driven about anything.

See ya...ohh and don't forget to keep smiling .
I have no idea what you're talking about and I doubt if you do.
With all due respect you sound like an absolute nut.
  • #132
  • Nov 3, 2007 10:15pm Nov 3, 2007 10:15pm
Quoting billbss
I have no idea what you're talking about and I doubt if you do.
With all due respect you sound like an absolute nut.


He's not worth the time billbss, let it go
  • #133
  • Nov 3, 2007 10:21pm Nov 3, 2007 10:21pm
Quoting kharvell


He's not worth the time billbss, let it go
Good advice bro...
"Keep your eyes on the helpers" - Mr. Rogers
  • #134
  • Nov 3, 2007 10:22pm Nov 3, 2007 10:22pm
Quoting billbss
I have no idea what you're talking about and I doubt if you do.
With all due respect you sound like an absolute nut.
Now that is funny
"Keep your eyes on the helpers" - Mr. Rogers
  • #135
  • Last Post: Nov 5, 2007 1:28am Nov 5, 2007 1:28am
looks like the market is ranging pretty tight right now with no clear highs or lows for scalping. We'll just have to wait until trend takes hold after London open
"Keep your eyes on the helpers" - Mr. Rogers
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