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Cable Update (GBPUSD)

  • #54,181
  • Feb 16, 2008 4:12pm Feb 16, 2008 4:12pm
Quoting Bones
Actually not correct is it?Swing H/L is correct as far I know ?
technically yes yur right but some people use the closes instead of the shadows just depends on whoever...
  • #54,182
  • Feb 16, 2008 4:42pm Feb 16, 2008 4:42pm
Quoting forexmoments
I don't understand why doesn't he just open up another thread for his personal trade room.

exactly.. no advertisment dude, and that java stuff was a heavy load, and im running a hardcore pc here, anyways i was just saying an idea for us all to talk instead of all of us adding eachother on msn (which would be cool) and opening up a room to blab. but im going to work on a simple webpage, easy to remeber and just opens a chat log where we can just chit chat, the fourms great for soliid info, not specualations
And your mouth dropped
  • #54,183
  • Feb 16, 2008 4:47pm Feb 16, 2008 4:47pm
Quoting nAVIN2007
technically yes yur right but some people use the closes instead of the shadows just depends on whoever...
Not technically correct, can someone confirm if that’s right or not, is putting fibs on close of bar is taught anywhere is this just a made up rule.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #54,184
  • Feb 16, 2008 4:50pm Feb 16, 2008 4:50pm
Quoting makey2u
exactly.. no advertisment dude, and that java stuff was a heavy load, and im running a hardcore pc here, anyways i was just saying an idea for us all to talk instead of all of us adding eachother on msn (which would be cool) and opening up a room to blab. but im going to work on a simple webpage, easy to remeber and just opens a chat log where we can just chit chat, the fourms great for soliid info, not specualations
No Mike were not talking about you mate ,chill man
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #54,185
  • Feb 16, 2008 4:52pm Feb 16, 2008 4:52pm
bones are u finding ODL to be a good broker and is it UK based?
  • #54,186
  • Feb 16, 2008 5:01pm Feb 16, 2008 5:01pm
Quoting makey2u
exactly.. no advertisment dude, and that java stuff was a heavy load, and im running a hardcore pc here, anyways i was just saying an idea for us all to talk instead of all of us adding eachother on msn (which would be cool) and opening up a room to blab. but im going to work on a simple webpage, easy to remeber and just opens a chat log where we can just chit chat, the fourms great for soliid info, not specualations
its a great idea, infact jacobtrader idea is great only the commision thing sucks and ruins the whole thing....but if someone can do from the goodness of there heart for every1s benifit it be excelent
  • #54,187
  • Feb 16, 2008 5:09pm Feb 16, 2008 5:09pm
give me a 7 hours and ill have a simple little page we can all goto, then we can easily have our fourms for hardcore data when we call agree and im chilled bones, im in canada, its freakin cold!
And your mouth dropped
  • #54,188
  • Feb 16, 2008 5:13pm Feb 16, 2008 5:13pm
Quoting nAVIN2007
bones are u finding ODL to be a good broker and is it UK based?
Interesting question Nav, only was just discussing that in detail today. Up to yesterday no problems at all, highly recommend.
I had 3 longs open yesterday, tried to close out on the final spike up about 3-4 ish and platform would not allow me. Im goanna give the benefit of doubt this time but, you need to be careful of these guys.
Remember if your not ECN type platform the market is not real your bet will never get to the real world you are betting against your broker (or the other way round) and they can play all kinds of tricks to tip the scales against you, like freeze your platform, and artificially spike price. This has happened to me.
But ECN has quite high minimum deposit. I will go this route when I am ready.
I have traded with ODL in UK for about 3 months and would recommend my friend for the moment.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #54,189
  • Feb 16, 2008 5:25pm Feb 16, 2008 5:25pm
I have been using there demo platform but for some reason i found every time i use a SL on trades while scalping i was stoped out and found it didnt even hit the price..it was crazy and annoying..so its interesting to hear yur view. Im using interbankfx at the moment and they seem better but are not UK based which is a pity.
  • #54,190
  • Feb 16, 2008 5:25pm Feb 16, 2008 5:25pm
Quoting makey2u
give me a 7 hours and ill have a simple little page we can all goto, then we can easily have our fourms for hardcore data when we call agree and im chilled bones, im in canada, its freakin cold!
that will be excellent buddy
  • #54,191
  • Feb 16, 2008 5:45pm Feb 16, 2008 5:45pm
Quoting nAVIN2007
I have been using there demo platform but for some reason i found every time i use a SL on trades while scalping i was stoped out and found it didnt even hit the price..it was crazy and annoying..so its interesting to hear yur view. Im using interbankfx at the moment and they seem better but are not UK based which is a pity.
Now this is really pot calling kettle black but forget scalping, to time consuming and high risk, I am working very hard trying to give that style of trading up, i.e longer timeframes
But it is a bit like a drug and hard to do lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #54,192
  • Edited 7:01pm Feb 16, 2008 6:41pm | Edited 7:01pm
Not sure if anyone's mentioned this already but no one seems to have posted a screenshot.

The bottom (gold) trendline touches its 3 points very closely (when examined down to M5/M15). The top (purple) trendline is obviously valid as price fell strongly from it to the current price (not to mention the 4 points which closely touch it).

Quite a serious retracement in an uptrend, but so far the latter is intact. But IMO the formation of this structure implies great market indecision - a lot of people want GU to go up but just as many want it to go down.

People who assert GU WILL go UP or DOWN might be talking through their hat...

IF the bottom trendline holds AND IF the converging triangle matures, it could break either way (tho converging triangles in an uptrend - don't they typically break to the upside?)
Attached Image (click to enlarge)
Click to Enlarge Name: 080215 GBP-USD H4 Converging trend lines.gif Size: 71 KB
  • #54,193
  • Feb 16, 2008 7:44pm Feb 16, 2008 7:44pm
Whoaaa happen to jacobtrader I think he's banned!
  • #54,194
  • Feb 16, 2008 9:26pm Feb 16, 2008 9:26pm
I dont know if i can do this or not, this is free no paying or anything
But this is the chat room, i wish FF would do this instead of me.

Hopefully i dont get banned im not really advertsing anything..lol

www.ffchat.tk
Please use your Forex Factory username so we know its you, theres no signups Lets get chattin
And your mouth dropped
  • #54,195
  • Feb 16, 2008 9:31pm Feb 16, 2008 9:31pm
Quoting makey2u
I dont know if i can do this or not, this is free no paying or anything
But this is the chat room, i wish FF would do this instead of me.

Hopefully i dont get banned im not really advertsing anything..lol

www.ffchat.tk
Please use your Forex Factory username so we know its you, theres no signups Lets get chattin
wow nice one makey let me try that now!
  • #54,196
  • Feb 16, 2008 9:44pm Feb 16, 2008 9:44pm
Quoting 4x_Trader
wow nice one makey let me try that now!
cool
And your mouth dropped
  • #54,197
  • Feb 16, 2008 10:12pm Feb 16, 2008 10:12pm
Quoting Bones
Not technically correct, can someone confirm if that’s right or not, is putting fibs on close of bar is taught anywhere is this just a made up rule.
I can not confirm that it is taught like this, but what I can confirm is that it is not a good idea to leave any data points out because this will only result in support and resistance lines that come out to be not as precise, consider when you leave data points out a graph, you end up with a picture that is not very smooth, i.e. not precise. When you include all the data you get a better more complete picture of what is going on, i.e. a smooth line, much more precise. Dont leave any data points out, please.

  • #54,198
  • Feb 17, 2008 12:07am Feb 17, 2008 12:07am
Abuawad, if the big guys use the shadow to mesure the fibs, if all the books when use the fibs also use the shadow as a reference. Why don't use the shadows?

I don't know, for me is like to have 1/2 of data to work with.
Attached Image (click to enlarge)
Click to Enlarge Name: The shadow.png Size: 22 KB
  • #54,199
  • Feb 17, 2008 12:11am Feb 17, 2008 12:11am
hey Makey, long time no herd from you, hehe just kidding.

I can't sleep. My baby still awakeeee.
  • #54,200
  • Feb 17, 2008 12:16am Feb 17, 2008 12:16am
Quoting Carrera
Abuawad, if the big guys use the shadow to mesure the fibs, if all the books when use the fibs also use the shadow as a reference. Why don't use the shadows?

I don't know, for me is like to have 1/2 of data to work with.
Everyone has his one method, but I like to inform you for the photo you insert it’s monthly.
I usually draw monthly and weekly for the long term and the shadow of this monthly candle will broke down to 4 weekly candle which give us the shadow in the weekly fibo. Also I take notes for the shadow as lowest or heights value.
Maybe I’m wrong but that the way I have trade for a long time and if its wrong and the time prove that I’m willing to change to follow the market whatever it go
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