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Trading the Edge of Chaos -GBP/USD

  • #101
  • Dec 4, 2007 4:17am Dec 4, 2007 4:17am
Quoting fxbroker
Sell need to break below 2.0623 to be sustained.
If it swerve above 2.0671, this will nullified current
bearish mood. So I careful at the moment.
I will take profit at below 2.0547, by consolidating
stop loss above 2.0579, if it breaks below this level.

I have placed a buy order at 2.0547 and take
profit first at 2.0593.

Future plan:

And I will trade sell back from 2.0593 to 2.0547 or
below before deciding to buy again till tomorrow.

Let;s wait and see first.
  • #102
  • Dec 4, 2007 4:35am Dec 4, 2007 4:35am
Stop loss move to 0pips (BE)
you can move above 2.0623, if you
are pip hungry
  • #103
  • Dec 4, 2007 5:22am Dec 4, 2007 5:22am
Made 0pips all day!
+40pips gained evaporated

One of those times, still looking to
sell to lower edge.

What is important is no loss of pips
  • #104
  • Dec 4, 2007 5:23am Dec 4, 2007 5:23am
back on sell at 2.0644
second attempt to reach target
of lower edge
  • #105
  • Dec 4, 2007 6:03am Dec 4, 2007 6:03am
sell stop loss bumped 2pips gain
  • #106
  • Dec 4, 2007 6:20am Dec 4, 2007 6:20am
The next probable favourable sell position is 2.0660
or if on sell place stop loss above the level.

I am currently taking a break
  • #107
  • Dec 4, 2007 2:21pm Dec 4, 2007 2:21pm
Quoting fxbroker
I will take profit at below 2.0547, by consolidating
stop loss above 2.0579, if it breaks below this level.

I have placed a buy order at 2.0547 and take
profit first at 2.0593.

Future plan:

And I will trade sell back from 2.0593 to 2.0547 or
below before deciding to buy again till tomorrow.

Let;s wait and see first.
Rounding up.
Trade did not go smoothly as planned initially but it did behave
exactly as predicted at the initial stage.

After 2 bumped out from the market 0pips+2pips, I re-entered
again at 2.0644 for 75pips so far.

75+2pips =77pips out 102 pips caughed out by GBP/USD so far from one direction.

The pending order to buy and future plan did not materialized since
market became very shy. We cannot forced pips out its mouth.

This was a live commentary on chaos trading.
  • #108
  • Dec 4, 2007 6:35pm Dec 4, 2007 6:35pm
FXB

Do you only trade Cable?

........and if so, any particular reason why?

rgds - arco
  • #109
  • Dec 4, 2007 10:40pm Dec 4, 2007 10:40pm
Quoting fxbroker
Rounding up.
Trade did not go smoothly as planned initially but it did behave
exactly as predicted at the initial stage.

After 2 bumped out from the market 0pips+2pips, I re-entered
again at 2.0644 for 75pips so far.

75+2pips =77pips out 102 pips caughed out by GBP/USD so far from one direction.

The pending order to buy and future plan did not materialized since
market became very shy. We cannot forced pips out its mouth.

This was a live commentary on chaos trading.
The pending order to buy was picked finally at the edge of chaos to buy
up to the upper edge. The sustainability of this plan, is questionable
but waiting to see what European session will do.

Stop loss put at 2.0560 and target 2.0612
First 2.0597 need to be cleared.

If failed, stop loss will be triggered and current trade will
only yield 10 pips.

This will bring yesterday prediction to 77 pips +10pips
if successful, I will add +60pips to 77pips, and start a new
day from there.

Again, proving the validity of Henri Poincaré's theory right
  • #110
  • Dec 4, 2007 10:55pm Dec 4, 2007 10:55pm
Quoting arco
FXB

Do you only trade Cable?

........and if so, any particular reason why?

rgds - arco
Yes.
I have traded other currencies pairs and including oil, and I found chaos theory works well in all circumstances.
I have decided to trade cable because one chaos is like someone inside one hurricane path. Trading two or different pairs or instrument of trades
is like putting one leg on one hurricane path and the other leg on
another unrelated hurricane path......I guess you know what that means.


Each chaos requires me to pay attention and control it until target is
reached. One can enter many different trades without cajoling each
trade, but then such trading style will no long be chaos or different
from guessing or gambling like other traditional methods.
  • #111
  • Dec 4, 2007 11:39pm Dec 4, 2007 11:39pm
General out look = Bearish

Simple:
I plan to sell from upper edge of chaos to Lower Edge
see graph:

This however depends on initial condition.
We will wait and report back when London opens
and I am able to determine the initial condition.

Red lines represent level to bank your money
1. If current trade swerve to 2.0618 bank your profit
allow market to get to upper edge and enter sell

2. If selling from Upper edge, market will get to
2.0494, bank your money or allow market to move below
and fixed your stop loss there and take profit at Lower Edge

3. Enter Pending order to buy at Lower Edge

4. Enter pending order to sell at upper edge
Attached Image
  • #112
  • Edited Dec 6, 2007 1:21am Dec 5, 2007 5:00am | Edited Dec 6, 2007 1:21am
Quoting fxbroker
General out look = Bearish

Simple:
I plan to sell from upper edge of chaos to Lower Edge
see graph:

This however depends on initial condition.
We will wait and report back when London opens
and I am able to determine the initial condition.

Red lines represent level to bank your money
1. If current trade swerve to 2.0618 bank your profit
allow market to get to upper edge and enter sell

2. If selling from Upper edge, market will get to
2.0494, bank your money or allow market to move below
and fixed your stop loss there and take profit at Lower Edge

3. Enter Pending order to buy at Lower Edge

4. Enter pending order to sell at upper edge
I could not comment after London open
because I was mentoring someone and market moved
too fast before I could take a sell stand

Tomorrow is another day.
I hope my initial chaos analysis for today helped
you prepared the for sell.
  • #113
  • Dec 6, 2007 1:30am Dec 6, 2007 1:30am
General Outlook = Bearish.
The graph below shows market actions before now and my intended
plan of actions depending on initial condition at London opens.

 

  1. buy from 2.0242 /2.0308 to 2.0500 upper edge of chaos
  2. sell from 2.0308/2.0242 to 2.0048 lower edge of chaos

I may and may not report back at London opens because of my
Internet connection which has been very bad since yesterday.

Secondly I now have clients I am mentoring and would like to devote
more time to them during active London session.

Attached Image
  • #114
  • Dec 6, 2007 2:13am Dec 6, 2007 2:13am
Quoting fxbroker
General Outlook = Bearish.
The graph below shows market actions before now and my intended
plan of actions depending on initial condition at London opens.

 

  1. buy from 2.0242 /2.0308 to 2.0500 upper edge of chaos
  2. sell from 2.0308/2.0242 to 2.0048 lower edge of chaos

I may and may not report back at London opens because of my
Internet connection which has been very bad since yesterday.

Secondly I now have clients I am mentoring and would like to devote
more time to them during active London session.

I have enter sell at 2.0220 with tight stoploss above 2.0245
it will need to clear 2.0210 for the sell to be valid
  • #115
  • Dec 6, 2007 2:20am Dec 6, 2007 2:20am
Quoting fxbroker
I have enter sell at 2.0220 with tight stoploss above 2.0245
it will need to clear 2.0210 for the sell to be valid
stoploss triggered -26pips
  • #116
  • Dec 6, 2007 2:22am Dec 6, 2007 2:22am
pending order now above 2.0255
  • #117
  • Edited 4:18am Dec 6, 2007 3:04am | Edited 4:18am
Quoting fxbroker
pending order now above 2.0255
Pending buy order picked up stop loss below 2.0235.

manage trade, nothing is clear this morning until after
the news, unfortunately I will not be around to comment
on that.
  • #118
  • Dec 6, 2007 4:25am Dec 6, 2007 4:25am
Quoting fxbroker
Pending buy order picked up stop loss below 2.0235.

manage trade, nothing is clear this morning until after
the news, unfortunately I will not be around to comment
on that.
Back from my appointment.
News was in favour of buy but market gave me 50pips
thus far, but there is interest rate issue coming up.

There is strong sell fractal line running along 2.0308 price line.
so I will banked 50pips, in view of the fact that I loss 26pips before.

pip gain so far 24pips
  • #119
  • Dec 6, 2007 6:20am Dec 6, 2007 6:20am
Quoting fxbroker
Back from my appointment.
News was in favour of buy but market gave me 50pips
thus far, but there is interest rate issue coming up.

There is strong sell fractal line running along 2.0308 price line.
so I will banked 50pips, in view of the fact that I loss 26pips before.

pip gain so far 24pips
Outlook before interest rate news = bearish turned bullish chaos at initial conditions pending Rate cut news

New Strategy before the news:

  1. Sell back from as close to 2.0308 back to 2.0216 before the news with Stop loss 2.0310. Entry should be as close as possible to 2.0308.

  1. Then buy back from 2.0209 with the hope that interest rate issue will be in favour of bullish chaos. Stop loss should not be below 2.0209. Entry should be as close as possible to 2.0209/2.0216.

I could not post that due to poor connection.

Traded sell from 2.0275-2.0223 = 52 pips

Interest rate cut so second strategy was not implemented.
Instead I am continuing with sell from 2.0215 to 2.0046

Attached Image
  • #120
  • Dec 6, 2007 7:00am Dec 6, 2007 7:00am
I am still hold on to sell:

GBP cut interest rates (it should sell further)

Eur did not cut interest rates (it should sell further)


Chaos should continue to lower edge unless unemployment claims fall below
Forecast:


Previous = 352K
Forecast = 335K

next level I am watching before the news is 2.0170.
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