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Cable Update (GBPUSD)

  • #50,761
  • Jan 23, 2008 7:23am Jan 23, 2008 7:23am
the craziest of all is AUD/JPY,it can move 1000 pips in one hr...
  • #50,762
  • Jan 23, 2008 7:24am Jan 23, 2008 7:24am
on a side note i shorted USDJPY at 105.94...on my trading system...unloaded half positions at 105.11 holding on the other half

my trading system told me there was a 95% chance that it was going to downtrend...
  • #50,763
  • Jan 23, 2008 7:25am Jan 23, 2008 7:25am
Quoting Runway Trade
Thanks for the info. Will"trade" lightly
you welcome.
  • #50,764
  • Jan 23, 2008 7:25am Jan 23, 2008 7:25am
Quoting 30pips
the craziest of all is AUD/JPY,it can move 1000 pips in one hr...
damn thats almost like pure gambling...and you have to have a major stop loss....
  • #50,765
  • Jan 23, 2008 7:31am Jan 23, 2008 7:31am
Does anyone agree to jump in now for a rebound??
  • #50,766
  • Jan 23, 2008 7:34am Jan 23, 2008 7:34am
Quoting JuSh
Does anyone agree to jump in now for a rebound??
actually, the next H4 candle will tell us...
  • #50,767
  • Jan 23, 2008 7:35am Jan 23, 2008 7:35am
Quoting dds_student
my trading system states that if cable breaks below 1.9534 that there is a 85% chance it will continue to 1.9506...and if it breaks that 90% chance it will continue....but we will see....


i set up my trading system like no limit poker odds
my trading system still holds...

edit: when i mean break is when a new candle stick is a downtrend candlestick that starts below it
  • #50,768
  • Jan 23, 2008 7:39am Jan 23, 2008 7:39am
Quoting dds_student
actually, the next H4 candle will tell us...
but the 1hr is showing the different way..
  • #50,769
  • Jan 23, 2008 7:41am Jan 23, 2008 7:41am
Quoting dds_student
my trading system still holds...

edit: when i mean break is when a new candle stick is a downtrend candlestick that starts below it
Wow dude! What kind of system do you use?
Humble Lifetime Member
  • #50,770
  • Jan 23, 2008 7:42am Jan 23, 2008 7:42am
Quoting JuSh
but the 1hr is showing the different way..
actually the H1 says that its still downtrending but fighting the 38.2 fibbo...roughly 80% downtrend, 20% uptrend...but we will see..
  • #50,771
  • Jan 23, 2008 7:44am Jan 23, 2008 7:44am
Quoting Ash
Wow dude! What kind of system do you use?
a one i made up....it took me a long hard month to think of it...so far after 1 month of live trading i make around 150-300 pips a week....on average

i used to play a lot of poker and i still do....so i made a trading system based on pokers....no limit hold up to be exact....and you use odds to "enter" and odds to exit....
  • #50,772
  • Jan 23, 2008 7:46am Jan 23, 2008 7:46am
Quoting dds_student
a one i made up....it took me a long hard month to think of it...so far after 1 month of live trading i make around 150-300 pips a week....on average

i used to play a lot of poker and i still do....so i made a trading system based on pokers....no limit hold up to be exact....and you use odds to "enter" and odds to exit....
Cool!
Humble Lifetime Member
  • #50,773
  • Jan 23, 2008 7:49am Jan 23, 2008 7:49am
tired of the yen unloaded the last half at 105.12 for 82 pip profit on yen...just watching cable now (the yen setup was a perfect example of my trading system when to enter....it still says its going to downtrend but i say...82 pip profit for that is fun enough)
  • #50,774
  • Jan 23, 2008 7:49am Jan 23, 2008 7:49am
do something other than Forex trading.

this market is in chaos mode.
  • #50,775
  • Jan 23, 2008 7:50am Jan 23, 2008 7:50am
Quoting Ash
Cool!

yea but i started very low amount of money on my account...lol...so these pips are nothing...its more of:

1) testing my trading system
2) testing my patience
3) testing my discipline
4) to get a feel for the overall market
  • #50,776
  • Jan 23, 2008 7:51am Jan 23, 2008 7:51am
Quoting TIckerShuffl
do something other than Forex trading.

this market is in chaos mode.
actually the best time to trade technical analysis is when there is no news and its all quiet....like right now....

plus no other market gives you such a high leverage....
  • #50,777
  • Jan 23, 2008 7:52am Jan 23, 2008 7:52am
Quoting dds_student
actually the H1 says that its still downtrending but fighting the 38.2 fibbo...roughly 80% downtrend, 20% uptrend...but we will see..
hmmm....kinda agree with ya, but where's the drop base?
  • #50,778
  • Jan 23, 2008 7:57am Jan 23, 2008 7:57am
Quoting dds_student
a one i made up....it took me a long hard month to think of it...so far after 1 month of live trading i make around 150-300 pips a week....on average

i used to play a lot of poker and i still do....so i made a trading system based on pokers....no limit hold up to be exact....and you use odds to "enter" and odds to exit....
..thats a hollygrail bro,soon u'll be a millionaire(if ur not)...would you mind to share(system)
  • #50,779
  • Jan 23, 2008 7:57am Jan 23, 2008 7:57am
Quoting JuSh
hmmm....kinda agree with ya, but where's the drop base?
i can't predict the future my from my trading system the base is is still far away...my trading system looks at the different levels of drop....the next support is 1.9441 (fibbo 23.6) and the pivot support 1 is 1.9425....thats going to be a little hard for it to break....but if the next H4 candle stick drops down...it still has not tired..we'll see...the US market is opening soon!!!!
  • #50,780
  • Jan 23, 2008 7:59am Jan 23, 2008 7:59am
Quoting 30pips
..thats a hollygrail bro,soon u'll be a millionaire(if ur not)...would you mind to share(system)
haha...as you can see from my screen name

DDS_student = Doctor of Dental Surgery Student...im studying to be a dentist...but i like business

my trading system is not the holy grail...no system is....i just follow my trading system and obey its rules....even if i have to sit on my hands....
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