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Cable Update (GBPUSD)

  • #59,841
  • Mar 29, 2008 2:16am Mar 29, 2008 2:16am
Quoting Moe
whats the purpose bragging about your pips, you come on here time after time saying how many pips you got whats the purpose does it make you feal good getting these newbies all rile up.
You know you are 100% correct. Why should i breing Headache to my self
  • #59,842
  • Mar 29, 2008 3:26am Mar 29, 2008 3:26am
Quoting Turveyd
Well Nav, if you've got limited time and trading off a 4H system then that is the way to do this.

It's not the way I trade but I'll give you a 60% area of hitting your TP at this stage so it's a good trade at this moment.

It's a totally radical change in trading style though so okay leave this one on, but back to demo trading with this simple set and forget style, got some experience of bigger market moves, don't start from scratch with real ££'s.

Welcome to multi day swing trades!!! my prefered style for stock trading, daily chart plot 9sma, 20ema, 50sma, 200sma, envelope 9sma Dev 1.4% that worked GREAT for stocks check it out and do some back testing i think you'll LOVE IT!! ( this is a nicked funds system honestly )



* p.s. my memory is crap, put the trade in your title pls *
i keep doing again ...i sold at the bottom of the channel ...we will probably open on sunday way higher then where we closed on friday...i just saw a bearish candle formation and jumped right in ..only difference this time i took daily chart into consideration....i have ben neglecting this chart since i went live which is why i think i have lost money ...so this time i wanna see what happens
  • #59,843
  • Mar 29, 2008 3:54am Mar 29, 2008 3:54am
Quoting Abuawad
Hi,
just note: for my stop loss point.
if we say we have these values:

up limit : 2.0
down limit: 1.0

down limit targets: 0.0 , -1.0 , -2.0
up limit targets: 2.5 , 3.0 , 3.75

and the price move to the down limit and confirm the broken of that limit.
my entry will be on 1.0 or near.
SL: 2.5
what the target i pot in the order as TP point : -2.0 the last target in the down limit
ok price move to the first target i move the stop loss to the 1.0
price move to the 2nd target i move the stop loss to 0.0
price move to the last target i move the stop loss to the 2nd target -1.0
in that case the price didn't test the 3rd target. but i have the profit of the 2nd traget in my account.
Hi Abuawad
Thanks for your explanation which is very clear and reasonable.

But I still have a question about your entry. As my understood, you must wait for the 4H candle close and confirm the the limit broken, and then open the position. If the 4h candle closed price far away the 1.0(in your example, given closed price is 0.0), how to do? open or not open? If open, the entry price will be worst than 1.0. It is not good price. What is your idea about this senario?

Thanks.

Cheers
Aihua
Rhythm, Motion, Emotion and Risk Reward.
  • #59,844
  • Mar 29, 2008 4:13am Mar 29, 2008 4:13am
Quoting aihua5
Hi Abuawad
Thanks for your explanation which is very clear and reasonable.

But I still have a question about your entry. As my understood, you must wait for the 4H candle close and confirm the the limit broken, and then open the position. If the 4h candle closed price far away the 1.0(in your example, given closed price is 0.0), how to do? open or not open? If open, the entry price will be worst than 1.0. It is not good price. What is your idea about this senario?

Thanks.

Cheers
Aihua
I Say 4h candle open or close. not close only and other thing i also use the 1 H candle for view and monitoring the closing and opeining to find my direction. and for sure the support and resistant line so if we have a strong resistant line at 1.2 and on the 1 H there are 3 candle open and close below it! the opining of the 4th candle and haw its performe behind this resistant will give you a hint if the price will breake it or not.
i't not 1+1=2 strate forward formela. you have to check the charts all the time before any movment.
  • #59,845
  • Mar 29, 2008 4:21am Mar 29, 2008 4:21am
Quoting Abuawad
I Say 4h candle open or close. not close only and other thing i also use the 1 H candle for view and monitoring the closing and opeining to find my direction. and for sure the support and resistant line so if we have a strong resistant line at 1.2 and on the 1 H there are 3 candle open and close below it! the opining of the 4th candle and haw its performe behind this resistant will give you a hint if the price will breake it or not.
i't not 1+1=2 strate forward formela. you have to check the charts all the time before any movment.
Hi Abuawad,
Thanks a lot. I understood. The explained is reasonable and clear for me.

In your trading record in Feb and March it seems that there is not any loss which is amazed me. If possible, could you post one live trade in next week so that we can know more details about your stratedy?
Whatever, your analysis method is very insightful.

Cheers
Aihua
Rhythm, Motion, Emotion and Risk Reward.
  • #59,846
  • Mar 29, 2008 4:44am Mar 29, 2008 4:44am
Quoting aihua5
Hi Abuawad,
Thanks a lot. I understood. The explained is reasonable and clear for me.

In your trading record in Feb and March it seems that there is not any loss which is amazed me. If possible, could you post one live trade in next week so that we can know more details about your stratedy?
Whatever, your analysis method is very insightful.

Cheers
Aihua
Abuawad,

I appreciate that you share your trading method with us. Do not listen to people that would criticize you for being on here and sharing with us. They are angry people who do not understand that there are people out there who just take enjoyment in sharing ideas with others and helping others be successful. If they question that motive, then they are those who are causing the distasteful problems in our world. Thank you again.
  • #59,847
  • Mar 29, 2008 5:12am Mar 29, 2008 5:12am
Quoting Abuawad
i just close it becasue i see the good position for sell and it will cover the - pips and give me more pips than that day plan. should i keep it or drup it.
i'l keep it but FXCM take a comition on the position that stay in the open position for more than 24 hours, that's i can't take it.
so i close it. but look to the other side do you think i have to say i lost 37.3 pips and have profit 396 pip or i can say i have profit 358.7
the pip counting i post it's show the analysis result and it dosn't mean my trading result.
in some day the price hit the targets more than one time and i don't counting it in the result that i post but its already conting in my FXCM profit pips should i say i have X $ profit for today !!
or that i say i have X Lots for today !!
I think I get what you mean. Sometimes you might have a losing trade, but overall each day the gains outweigh the losses, so each day you make a net profit.
Darkness lies one inch ahead..
  • #59,848
  • Mar 29, 2008 5:28am Mar 29, 2008 5:28am
i cannot count the number of times i have predicted a movement in the market to only find it happens but i did the total opposite..LOL
  • #59,849
  • Mar 29, 2008 6:50am Mar 29, 2008 6:50am
Quoting Abuawad
You know you are 100% correct. Why should i breing Headache to my self
Abuawad you exhibit tremendous patience and humility by responding to all these questions.Keep up the great work.
  • #59,850
  • Mar 29, 2008 7:33am Mar 29, 2008 7:33am
Quoting dk143wvc
Abuawad,

I appreciate that you share your trading method with us. Do not listen to people that would criticize you for being on here and sharing with us. They are angry people who do not understand that there are people out there who just take enjoyment in sharing ideas with others and helping others be successful. If they question that motive, then they are those who are causing the distasteful problems in our world. Thank you again.
know i have to disagree with what u have writen..nobody is criticizing abuawad but a bit concerned cause he is literally explaining everything about his trading and seems to be a such a nice person that he will always help someone regardless of how many times its been asked...i dont think theres anymore to it than that..it has nothing to do with the fact that people not trying to help, ABUAWAD knows what he is doing and understanding trading movement so well that he is successfull...in his own words "1+1 = doesnt equal 2"...

inoder to trade like him (which we all do, including me ...LOL) We have to understand how the market moves/reacts just like abu..only then will we be as successfull..
  • #59,851
  • Mar 29, 2008 7:44am Mar 29, 2008 7:44am
Quoting Abuawad
You know you are 100% correct. Why should i breing Headache to my self
Moe, what does it matter if he says how many pips his made? It gives me something to compare with.

Aduawad you do not have to justify to anyone the pips you make, your analysis speak for them self. People if you don’t like it don’t read or follow it just skip it. Aduawad has done more explanation and analysis here then than anyone else so leave him alone.

If everyone else will stop bitching and give analysis and explanation it will be better. Bad analysis is better then good bitching.

Aduawad you just keep doing what you do and to hell with the rest! Well done on March pips
  • #59,852
  • Mar 29, 2008 7:54am Mar 29, 2008 7:54am
Hi Ya Nav
Glad to see you back after your little break. I see you were on James 16 thread. I was thinking as a little experiment we could say watch the 1 hr chart for PA and take entry after a nice set up (like a pin) for say 50 pips . So if we both keep an eye out that gives us twice the chance of spotting it, what do you think?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,853
  • Mar 29, 2008 7:58am Mar 29, 2008 7:58am
Quoting Runway Trade

Aduawad you just keep doing what you do and to hell with the rest! Well done on March pips

yeah buddy so long as yur happy....thats all that counts ..welldone on yur success and long may it continue ..
  • #59,854
  • Edited 8:15am Mar 29, 2008 8:03am | Edited 8:15am
Quoting Bones
Hi Ya Nav
Glad to see you back after your little break. I see you were on James 16 thread. I was thinking as a little experiment we could say watch the 1 hr chart for PA and take entry after a nice set up (like a pin) for say 50 pips . So if we both keep an eye out that gives us twice the chance of spotting it, what do you think?
yeah man ....if it means i start making winning trades im all for it...

im actually short right now already ...see photo ..u think good or bad?
i know i came back yestarday i saw the formation bearish i thought what the heck.and pressed sell and today i thought about fibs..i need to calm down down..i think im addicted to trading ..so stupid i can be at times
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  • #59,855
  • Mar 29, 2008 11:11am Mar 29, 2008 11:11am
Quoting Abuawad
You know you are 100% correct. Why should i breing Headache to my self
Keep them coming Abuawad!!

Regarding Abuawad's method..

Thus far, every time I have taken the time to do my own charts per his method and then trade live with them I have turned a profit.. every time thus far. The only problem I have encountered was figuring the appropriate stop loss for my account and allowing the price to turn against me and head in that direction before reversing and playing out per projection.

He posts the projections every day.. no secret.. it either works or it doesn't.. anyone who thinks it doesn't need only take the time to look back over the charts and the projections and see the results!
"I know how hard it is for you to put food on your family." George W. Bush
  • #59,856
  • Mar 29, 2008 11:33am Mar 29, 2008 11:33am
Hello guys,

Regarding AbuAwad's method again, i wait his tables daily, have his charts drawn here at my terminal and use it very frequently. I determine my stop loss just a few pips above/below the next line on chart from the next timeframe.

One big problem with this method, is the messy chart you will get after applying all the lines fibonacci fans and lines.. Its so messy.. Take a look..
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  • #59,857
  • Mar 29, 2008 11:42am Mar 29, 2008 11:42am
Quoting abuzant
Hello guys,

Regarding AbuAwad's method again, i wait his tables daily, have his charts drawn here at my terminal and use it very frequently. I determine my stop loss just a few pips above/below the next line on chart from the next timeframe.

One big problem with this method, is the messy chart you will get after applying all the lines fibonacci fans and lines.. Its so messy.. Take a look..
i see yours very clear, check this one
but i can give you a hint after you finish all the analysis steps and determining the strong line S/R. draw them on new chart and keep the first chart behind and check it time to time "1H candle close for ex."

thats why i don't post my chart
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  • #59,858
  • Mar 29, 2008 12:25pm Mar 29, 2008 12:25pm
Quoting Abuawad
i see yours very clear, check this one
but i can give you a hint after you finish all the analysis steps and determining the strong line S/R. draw them on new chart and keep the first chart behind and check it time to time "1H candle close for ex."

thats why i don't post my chart
jeje your charts guys are very clear, look @ mine.
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  • #59,859
  • Mar 29, 2008 12:31pm Mar 29, 2008 12:31pm
Quoting Carrera
jeje your charts guys are very clear, look @ mine.
I see the price going up and down and sometimes sideways for the next 10 years in this chart. jejejejje
  • #59,860
  • Mar 29, 2008 12:38pm Mar 29, 2008 12:38pm
Quoting Carrera
jeje your charts guys are very clear, look @ mine.
holly cow ...i obviously dont have enough lines ...
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