Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#99,021
Nov 17, 2008 5:24pm Nov 17, 2008 5:24pm

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts

actually the best trading method is automatic using ea but how the hell are u gonna make an ea that have so many parameters in so many charts... its so complicated and i think its very hard to be coded... however there is a possibility for it to be done... i still try

When life gives you lemons, make lemonade

#99,022
Nov 17, 2008 5:24pm Nov 17, 2008 5:24pm

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Let's see if this paulson speech has any effect

#99,023
Nov 17, 2008 5:32pm Nov 17, 2008 5:32pm

hard1head1
| Commercial User | Joined Jul 2006 | 2,566 Posts

Now, there is an A-Hole that has got to go.

Quoting gagakrimba

Disliked

Let's see if this paulson speech has any effect

Ignored

#99,024
Nov 17, 2008 5:34pm Nov 17, 2008 5:34pm

ezmystic
| Joined Jul 2008 | Status: 1 pip at a time... | 642 Posts

Quoting steelhead

Disliked

One hour close right near the previous weeks resistance at 1.4950. Look at the charts its really not rocket science. Old resistance becomes new support. One hour close no tail or wick even better near those areas.

Look at my chart you see any indicators that told me that?

Charts folks its all in the charts.

Stops at b/e on this trade now

Ignored

I know i said I saw it once you had mentioned it, but it didn't register before, it is now in my mind. Cheers

please DON'T copy my trades I am still learning

#99,025
Nov 17, 2008 5:34pm Nov 17, 2008 5:34pm

hard1head1
| Commercial User | Joined Jul 2006 | 2,566 Posts

Here is another way to look at it on the 4

Quoting steelhead

Disliked

One hour close right near the previous weeks resistance at 1.4950. Look at the charts its really not rocket science. Old resistance becomes new support. One hour close no tail or wick even better near those areas.

Look at my chart you see any indicators that told me that?

Charts folks its all in the charts.

Stops at b/e on this trade now

Ignored

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#99,026
Nov 17, 2008 5:35pm Nov 17, 2008 5:35pm

dakrusha
| Joined Jul 2007 | Status: Trader | 1,036 Posts

Quoting hard1head1

Disliked

Now, there is an A-Hole that has got to go.

Ignored

WORD!

#99,027
Nov 17, 2008 5:40pm Nov 17, 2008 5:40pm

FxChi
| Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts

Quoting steelhead

Disliked

One hour close right near the previous weeks resistance at 1.4950. Look at the charts its really not rocket science. Old resistance becomes new support. One hour close no tail or wick even better near those areas.

Look at my chart you see any indicators that told me that?

Charts folks its all in the charts.

Stops at b/e on this trade now

Ignored

Curious to see this PA here. Are you saying markets bounce the opposite direction when there's a full bodied candle closing at a support/resistance level? I've never really paid attention to the candle closings at support/resistance (other than to look for PB's or other CF), and then look at the subsequent PA behavior. So if this is indeed what you're saying, that's very interesting indeed!

"Wishful thinking dies hard." Igor T.

#99,028
Nov 17, 2008 5:58pm Nov 17, 2008 5:58pm

steelhead
| Commercial User | Joined May 2008 | 1,334 Posts

Quoting FxChi

Disliked

Curious to see this PA here. Are you saying markets bounce the opposite direction when there's a full bodied candle closing at a support/resistance level? I've never really paid attention to the candle closings at support/resistance (other than to look for PB's or other CF), and then look at the subsequent PA behavior. So if this is indeed what you're saying, that's very interesting indeed!

Ignored

I bet you pay attention too your macd's stoch's and ema's though right?

Maybe they would have told you the same thing. Doubt it though

#99,029
Nov 17, 2008 6:32pm Nov 17, 2008 6:32pm

m00jiman
| Joined Nov 2006 | Status: Trader | 405 Posts

Quoting m00jiman

Disliked

Took long off that bounce on 15m50ma, tight SL. Anyone with me?
Looking for that monthly trend to be tested and rejected hopefully, around 5130. And short from there. Wouldn't that be nice!

Ignored

Just got back, SL hit for -30, bleh, and it moved up after little move down.
Hate it when that happens, but oh well. BE back later fellas.

#99,030
Nov 17, 2008 6:36pm Nov 17, 2008 6:36pm

Infinity
Joined Feb 2008 | Status: Trader | 5,732 Posts

Quoting m00jiman

Disliked

Just got back, SL hit for -30, bleh, and it moved up after little move down.
Hate it when that happens, but oh well. BE back later fellas.

Ignored

I am thinking long at 1h 62ema...

Patience + Discipline - Greed = Success

#99,031
Nov 17, 2008 6:47pm Nov 17, 2008 6:47pm

steelhead
| Commercial User | Joined May 2008 | 1,334 Posts

Quoting m00jiman

Disliked

Just got back, SL hit for -30, bleh, and it moved up after little move down.
Hate it when that happens, but oh well. BE back later fellas.

Ignored

Thats what happens when your stop loss is too tight and you get a bad entry. They will take you out then it goes back in your direction.

there should have been no longs till the support area at 1.4950 was tested.

Any long 20-30 above that level was a bad entry. just look at your support area guys.

#99,032
Nov 17, 2008 6:47pm Nov 17, 2008 6:47pm

m00jiman
| Joined Nov 2006 | Status: Trader | 405 Posts

Agree with you on that, but lets see if I get to catch it.
I won't have time to be in front of my computer. Ill be off and on.
Being a PT trader, I gotta study up on my Microsoft's Certification class for my IT job. LOL.
Yeah, being PT sucks, hopefully one day I'll be a FT, few more years on my belt...

#99,033
Nov 17, 2008 6:48pm Nov 17, 2008 6:48pm

FxChi
| Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts

Quoting steelhead

Disliked

I bet you pay attention too your macd's stoch's and ema's though right?

Maybe they would have told you the same thing. Doubt it though

Ignored

I have no idea how to play that support bounce, unless what you referenced is a repeatable behavior. I mean without your full bodied candle closing at support/resistance rule, I could make a pretty good case for a bounce at 4900 instead. The 4900 level had been hit more frequently as resistance and served as support last wednesday too rather than playing the 4950 level.

I'm more keen in learning a little more about the PA you observed that signaled the long right there. It just looks a little dodgy to take it there and not lower.

"Wishful thinking dies hard." Igor T.

#99,034
Nov 17, 2008 6:55pm Nov 17, 2008 6:55pm

steelhead
| Commercial User | Joined May 2008 | 1,334 Posts

Quoting FxChi

Disliked

I have no idea how to play that support bounce, unless what you referenced is a repeatable behavior. I mean without your full bodied candle closing at support/resistance rule, I could make a pretty good case for a bounce at 4900 instead. The 4900 level had been hit more frequently as resistance and served as support last wednesday too rather than playing the 4950 level.

I'm more keen in learning a little more about the PA you observed that signaled the long right there. It just looks a little dodgy to take it there and not lower.

Ignored

Ok so get your full body candle close at 4900 it matters not to me. It just so happened that it hit at 4950. Price action is king I love it.

Reading the chart and knowing what is going on behind price action is so fun.

#99,035
Nov 17, 2008 7:14pm Nov 17, 2008 7:14pm

m00jiman
| Joined Nov 2006 | Status: Trader | 405 Posts

Quoting steelhead

Disliked

Thats what happens when your stop loss is too tight and you get a bad entry. They will take you out then it goes back in your direction.

there should have been no longs till the support area at 1.4950 was tested.

Any long 20-30 above that level was a bad entry. just look at your support area guys.

Ignored

well, when I am not gonna be in front of my PC, then I usually move SL closer to my price. If I am gonna be watching my trade then I usually put wider SL.

Thats just how I trade.

#99,036
Nov 17, 2008 7:32pm Nov 17, 2008 7:32pm

Turtle
| Joined May 2007 | Status: Trader | 4,716 Posts

Quoting eohater

Disliked

I'm thinking a little more south. Mexico, Jamaica, Bahamas type of area. If I move across the pond, then I still get the same shitty weather I have here.

Ignored

Not in Hawaii.......