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Trading the Edge of Chaos -GBP/USD

  • #61
  • Nov 28, 2007 12:04am Nov 28, 2007 12:04am
Quoting fxbroker
Not yet in the market I will trade after
London opens.

probably from sell upper edge
I have enter buy with tight stoploss
at 2.0595
  • #62
  • Nov 28, 2007 12:41am Nov 28, 2007 12:41am
Market unusually hit close to the lower edge even before
London open.

Initial condition turn bullish, but unable
to move. If market move above 2.0630,
buy should hold to upper edge of chaos

Otherwise abort buy trade.
below 2.0590 for sell.

Trade with care.
  • #63
  • Nov 28, 2007 1:40am Nov 28, 2007 1:40am
first entry - stoploss bumped out. I re-enter
buy again
  • #64
  • Nov 28, 2007 1:50am Nov 28, 2007 1:50am
Quoting fxbroker
Market unusually hit close to the lower edge even before
London open.

Initial condition turn bullish, but unable
to move. If market move above 2.0630,
buy should hold to upper edge of chaos

Otherwise abort buy trade.
below 2.0590 for sell.

Trade with care.

It touch below 2.0590 and it not bearish all the way.
  • #65
  • Nov 28, 2007 1:52am Nov 28, 2007 1:52am
Is the chaos chart you posted earlier still in effect the same?
  • #66
  • Nov 28, 2007 1:56am Nov 28, 2007 1:56am
Quoting sifoorex
It touch below 2.0590 and it not bearish all the way.
Thanks try to read the chart and my commentaries
carefully.
  • #67
  • Nov 28, 2007 1:58am Nov 28, 2007 1:58am
Quoting kreeper_6
Is the chaos chart you posted earlier still in effect the same?
Yes until end of New York
unless lower edge of chaos is seriously breached.

These are hard times for forex traders take the
little pips you can harvest.
  • #68
  • Nov 28, 2007 2:02am Nov 28, 2007 2:02am
Quoting fxbroker
Yes until end of New York
unless lower edge of chaos is seriously breached.

These are hard times for forex traders take the
little pips you can harvest.
Thank you very much.
  • #69
  • Nov 28, 2007 2:24am Nov 28, 2007 2:24am
Quoting fxbroker
first entry - stoploss bumped out. I re-enter
buy again
I have existed second buy trade to re-gain back
my first 20pips loss. Today's gain = 0pip

This is not to say I have changed my mind
about the initial graph and planned trade.

Also I do not have full concentration as my family
is in mourning period of my 85years old father inlaw.
Too many phone calls and some appointments.

So I will not be commentary regularly today.

If you following this the trick is consolidate pips
the market does not belong to you, it takes back
what it gives at will.
  • #70
  • Nov 28, 2007 2:33am Nov 28, 2007 2:33am
I'm a little confused on today's graph. The purple lines are sell/buy from and both yellow lines are sell below. So even though we have touched the buy from purple (lower chaos) line, we are selling below the yellow line? I guess I am confused with the yellow lines.
  • #71
  • Nov 28, 2007 2:58am Nov 28, 2007 2:58am
Quoting kreeper_6
I'm a little confused on today's graph. The purple lines are sell/buy from and both yellow lines are sell below. So even though we have touched the buy from purple (lower chaos) line, we are selling below the yellow line? I guess I am confused with the yellow lines.
That is easy. Graph was constructed before
European and London market. If you had
reacted to it, you would have been in sell market
to the time London open.

As I rule I did not take that trade because
London didn't open as that time.
that gave 80pips before London opened and
get the Londoner confused

it is quite clear sell below: you sell below when price
touch the region of the yellow line.

Buy means buy above the region of
Lower Edge of chaos - but any now at your
own risk.
  • #72
  • Nov 28, 2007 7:16am Nov 28, 2007 7:16am
I was not around most part of the day, but
chaos pattern was as predicted despite
shaking start during London opening.

Current condition: Will it go down from here?

US data fell below forecast. Thus, if I were
to be trading all morning with some pips, I will
consolidate and trade tomorrow.

Though I did not trade much today, I am still ok
and happy because I know there will be chaos
tomorrow and the strategy works all time
in all financial chaos.

Why lose back all your gains today?

To be definite, it will be easier to sell after
New York close. But anything can happen
just watch your back.
  • #73
  • Nov 28, 2007 11:35am Nov 28, 2007 11:35am
I also as fxbroker began to use chaos technics.... look on my charts.... as it was predicted by me.... chaos is bullish.... and it went up all the day...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lkoh5.gif Size: 20 KB
Click to Enlarge Name: lkoh5-1.gif Size: 23 KB
  • #74
  • Nov 28, 2007 12:16pm Nov 28, 2007 12:16pm
Quoting kreeper_6
Is the chaos chart you posted earlier still in effect the same?
Yes was the answered before.

This has played out till now and the answer
was in my very first post

Quoting fxbroker


Waiting for initial conditions if in favour of bear
will be bearish or else I be bullish to 2.0781 above
the upper edge of the current planned chaos.

I will report back what happened after London opens
Unfortunately I have been too preoccupied to take advantage
of it.
  • #75
  • Nov 28, 2007 11:09pm Nov 28, 2007 11:09pm
Today' chaos
General outlook = Bullish Chaos

See graph:

The yellow bounded region represent areas
of activities before the initial conditions which I can only
determined after London market opened.

Note: Market moved down before this commentary was
posted. However I will wait for London market to open.

Current pending order to buy is at 2.0620
if favoured by the initial condition, I will follow trade
to 2.0975, consolidating profit along the way.

Lets wait to know what will happen.
Attached Image
  • #76
  • Nov 29, 2007 12:17am Nov 29, 2007 12:17am
Very fuzzy initial condition at London open
I have gone long risking 20 pips
If wrong I will wait for pending order to be picked
up at the lower edge of my chaos.
  • #77
  • Nov 29, 2007 12:26am Nov 29, 2007 12:26am
Lost 20pips
waiting at the lower edge
  • #78
  • Nov 29, 2007 2:39am Nov 29, 2007 2:39am
Quoting fxbroker
Lost 20pips
waiting at the lower edge
I have remove my pending at 2.0620, I am watching it with care
bag of news coming up, but it seems they are
not good for GBP.

Most probably I will enter above 2.0640 if news is
good for a buy.
  • #79
  • Nov 29, 2007 3:05am Nov 29, 2007 3:05am
Quoting fxbroker
I have remove my pending at 2.0620, I am watching it with care
bag of news coming up, but it seems they are
not good for GBP.

Most probably I will enter above 2.0640 if news is
good for a buy.
The news is +for GBP. It should go up from
here as predicted. I will prefer to enter from above
2.0640 to be on the safer side.

Things happens even when news is good
  • #80
  • Nov 29, 2007 4:10am Nov 29, 2007 4:10am
Current chaos is still bullish as predicted
Lower edge of chaos now lowered to 2.0585 that
is a fall below that level before the
coming news will not be good for
today's forecast, please take action accordingly


GDP Annualized q/q (r)

forecast 4.9%
previous 3.9%

If figures fall below 4.9% it will be mixed
feelings but there are other data coming on
later in the day.
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