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Cable Update (GBPUSD)

  • #105,221
  • Dec 8, 2008 10:08am Dec 8, 2008 10:08am
Quoting Mojea
My indicators are saying short the cable and long the euro.
I am also confused so I am going to sit out.
I guess you wouldn`t have a better indicator than EurGbp...lol
  • #105,222
  • Dec 8, 2008 10:16am Dec 8, 2008 10:16am
Quoting Mojea
My indicators are saying short the cable and long the euro.
I am also confused so I am going to sit out.
Frankly I can't see how your indicators would say otherwise after Euro's run up and Cable's run down, no?
I need to put up stop losses.
  • #105,223
  • Dec 8, 2008 10:16am Dec 8, 2008 10:16am
Quoting lexazver
could you please elaborate on that im just trying to understand how EOhaters and your systems work.

thanks
There is double bottom on h1 and we closed bullish.. I did'nt take the long because of the m15 tl and the 50sma that was still holding. I actually went short off the 50sma and the tl and closed for a quick 30 pips. I may long if the low of the last hour bar is not taken out..
Attached Image
Patience + Discipline - Greed = Success
  • #105,224
  • Dec 8, 2008 10:22am Dec 8, 2008 10:22am
Quoting Infinity
There is double bottom on h1 and we closed bullish.. I did'nt take the long because of the m15 tl and the 50sma that was still holding. I actually went short off the 50sma and the tl and closed for a quick 30 pips. I may long if the low of the last hour bar is not taken out..
I am watching that also.
Attached Image (click to enlarge)
Click to Enlarge Name: dec8.JPG Size: 135 KB
  • #105,225
  • Dec 8, 2008 10:23am Dec 8, 2008 10:23am
Quoting steelhead
Infinity it was a great b-day.
Glad to hear that!!
Patience + Discipline - Greed = Success
  • #105,226
  • Dec 8, 2008 10:24am Dec 8, 2008 10:24am
Quoting swap
Frankly I can't see how your indicators would say otherwise after Euro's run up and Cable's run down, no?
Exactly - usually the two move in the same direction but I am confused as to why they are moving in opposite directions.
  • #105,227
  • Dec 8, 2008 10:41am Dec 8, 2008 10:41am
Quoting Infinity
There is double bottom on h1 and we closed bullish.. I did'nt take the long because of the m15 tl and the 50sma that was still holding. I actually went short off the 50sma and the tl and closed for a quick 30 pips. I may long if the low of the last hour bar is not taken out..
ahh cool because i was thinking the same re-test of trendline and 50sma on top hsould hold it down.

cool system btw better than mine, want to try and learn it properly.
  • #105,228
  • Dec 8, 2008 10:43am Dec 8, 2008 10:43am
Here is an updated m15...
You can see we bounced off the tl and went down about 60 pips. If we don't get below 4781, this could be a good long..
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 19 KB
Patience + Discipline - Greed = Success
  • #105,229
  • Dec 8, 2008 10:44am Dec 8, 2008 10:44am
The driving down to -1.4799+ completed the 'test and re-test' of the upward sloping pitchfork on the 5-min, 15-min time frame. The -1.4780~99+ must not break in order to for the up trend to resume. Longs should be out on downside break of the said levels
~*~You are only one trade away from humility~*~
  • #105,230
  • Dec 8, 2008 10:45am Dec 8, 2008 10:45am
Quoting lexazver
ahh cool because i was thinking the same re-test of trendline and 50sma on top hsould hold it down.

cool system btw better than mine, want to try and learn it properly.
Patience + Discipline - Greed = Success
  • #105,231
  • Dec 8, 2008 10:53am Dec 8, 2008 10:53am
Quoting jharteam
The driving down to -1.4799+ completed the 'test and re-test' of the upward sloping pitchfork on the 5-min, 15-min time frame. The -1.4780~99+ must not break in order to for the up trend to resume. Longs should be out on downside break of the said levels

Ah um 5 minute chart? Longer time frames my friend longer time frames.
  • #105,232
  • Dec 8, 2008 10:57am Dec 8, 2008 10:57am
Quoting Infinity
hey, can i just ask. I know that you and eohater use similar but slightly different systems, if you dont mind me asking what was the biggest number of loosing trades in the row and what was your biggest drawdown?

and just one more question actually does this system perform better now in more vilatile times or before?
  • #105,233
  • Dec 8, 2008 11:02am Dec 8, 2008 11:02am
Quoting gagakrimba
Long..............just entered @ 1.4840
Long is nice to enter all the way. Short is just for the short trend. I enter long this morning. +250pips
GELORE
  • #105,234
  • Dec 8, 2008 11:11am Dec 8, 2008 11:11am
OK you rocket scientists - here is a sure-thing system

When it goes up a lot - short it

When it goes down a lot - long it

I have now made x zillion trades over the last few weeks using this incredibly complex system which took me 4 decades to learn

I have incorporated it in a transparent excel macro and I will sell it to you for only $99.99 if you apply today

Please note: this system may cause gout;apoplexy; uncontrollable wind; hunched back and teeth grinding leading to expensive dental bills

You are responsible for buying the computer and software to run it on

Failing to eat or drink for 6 weeks while using this system may result in divorce or death or compulsory mental health treatment
  • #105,235
  • Dec 8, 2008 11:12am Dec 8, 2008 11:12am
Quoting lexazver
hey, can i just ask. I know that you and eohater use similar but slightly different systems, if you dont mind me asking what was the biggest number of loosing trades in the row and what was your biggest drawdown?

and just one more question actually does this system perform better now in more vilatile times or before?
Regarding drawdown and losing trades, I have not more than two losing trades in a row using this system in a while, but anything is possible. The max drawdown I allow is about 4% under normal circumstances but I may allow up to about 10% depending on the type of trade that I take.

This system works for me all year round. The key thing to remember is that the main driver of the system is price action.
Patience + Discipline - Greed = Success
  • #105,236
  • Dec 8, 2008 11:14am Dec 8, 2008 11:14am
Quoting allserene
OK you rocket scientists - here is a sure-thing system

When it goes up a lot - short it

When it goes down a lot - long it

I have now made x zillion trades over the last few weeks using this incredibly complex system which took me 4 decades to learn

I have incorporated it in a transparent excel macro and I will sell it to you for only $99.99 if you apply today

Please note: this system may cause gout;apoplexy; uncontrollable wind; hunched back and teeth grinding leading to expensive dental bills

You are responsible for buying the...
already have half of those


oh yeah can i see the results from 27th september to 26th of october
  • #105,237
  • Dec 8, 2008 11:17am Dec 8, 2008 11:17am
Quoting allserene
OK you rocket scientists - here is a sure-thing system

When it goes up a lot - short it

When it goes down a lot - long it

I have now made x zillion trades over the last few weeks using this incredibly complex system which took me 4 decades to learn

I have incorporated it in a transparent excel macro and I will sell it to you for only $99.99 if you apply today
Careful.... this is against the rules.... you might get banned..
Patience + Discipline - Greed = Success
  • #105,238
  • Dec 8, 2008 11:23am Dec 8, 2008 11:23am
Quoting Infinity
Careful.... this is against the rules.... you might get banned..
I know ! especially as it actually works

as long as we range trade its easy peasy

just need to keep a big s/l just in case the market gets tired of funding my new camera budget day after day
  • #105,239
  • Dec 8, 2008 11:28am Dec 8, 2008 11:28am
Quoting allserene
I know ! especially as it actually works

as long as we range trade its easy peasy

just need to keep a big s/l just in case the market gets tired of funding my new camera budget day after day
Something smells fishy here.
  • #105,240
  • Dec 8, 2008 11:28am Dec 8, 2008 11:28am
I am thinking that the key level to break below now is .4800, I think if we break that it is headed for a subtantial drop, but I could be wrong I did not expect it to go up over night like it did either, but I guess if this was easy everyone would be doing it.
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