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Cable Update (GBPUSD)

  • #143,801
  • Jul 7, 2009 6:20pm Jul 7, 2009 6:20pm
Quoting pipiness
Pls, what is an envelope?
check indicators in mt4
  • #143,802
  • Jul 7, 2009 6:20pm Jul 7, 2009 6:20pm
Quoting pipiness
Pls, what is an envelope?

It's on MT4 under Oscillitors, basically it's a distance away from a SMA line.

Try GU M1 :-

Envelope 60SMA 0.20%
Envelope 30SMA 0.10%

See how the market tends to stay inbetween and at times bounce from 1 side to the other.

Works better on Choppy days.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,803
  • Jul 7, 2009 6:26pm Jul 7, 2009 6:26pm
Quoting Turveyd
It's on MT4 under Oscillitors, basically it's a distance away from a SMA line.

Try GU M1 :-

Envelope 60SMA 0.20%
Envelope 30SMA 0.10%

See how the market tends to stay inbetween and at times bounce from 1 side to the other.

Works better on Choppy days.

lol .. this cracked me up

the trader asked what an envelope is and you said try it on 1min chart. !!! you suggesting a new trader uses 1min chart ?
Blogging daily now at www.volume.zone
  • #143,804
  • Jul 7, 2009 6:28pm Jul 7, 2009 6:28pm
Quoting malcolmb14
lol .. this cracked me up

the trader asked what an envelope is and you said try it on 1min chart. !!! you suggesting a new trader uses 1min chart ?

Sorry I don't agree or understand the aversion to M1 charts, anything else totally lacks in detail to me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,805
  • Jul 7, 2009 6:29pm Jul 7, 2009 6:29pm
Quoting forexlion
murrey lines are based on fractals

so whenever fractals change the murrey lines change
So if they repaint is it worthwhile relying on them?
  • #143,806
  • Jul 7, 2009 6:31pm Jul 7, 2009 6:31pm
Quoting Turveyd
Sorry I don't agree or understand the aversion to M1 charts, anything else totally lacks in detail to me.
lol...the spreads would kill one scalping on 1 min . I do have a buddy who trades futres on a 144 tick charts.
Blogging daily now at www.volume.zone
  • #143,807
  • Jul 7, 2009 6:32pm Jul 7, 2009 6:32pm
Quoting bobbybrown
So if they repaint is it worthwhile relying on them?

No point touching anything that repaints!! IMHO!!

The spreads ??? I can hold for as long and as many points as you do with H4 charts you realise
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,808
  • Jul 7, 2009 6:32pm Jul 7, 2009 6:32pm
Quoting bobbybrown
So if they repaint is it worthwhile relying on them?

they only repaint every 64 period. ... try them it is uncanny how price often bouces from them to the pip. I am often amazed
Blogging daily now at www.volume.zone
  • #143,809
  • Jul 7, 2009 6:33pm Jul 7, 2009 6:33pm
If I could afford I'd like something around a 15 second chart, it'd make trading immediate term direction much easier to spot for me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,810
  • Jul 7, 2009 6:35pm Jul 7, 2009 6:35pm
Quoting malcolmb14
they only repaint every 64 period. ... try them it is uncanny how price often bouces from them to the pip. I am often amazed
I was looking at them on different pairs today and they seemed to be relevant so am interested in finding out more. How do I know when they are going to change/keep track of it and are the just used for reversals or can they be used for continuation of trend too?

Thanks
  • #143,811
  • Jul 7, 2009 6:36pm Jul 7, 2009 6:36pm
Quoting Turveyd
No point touching anything that repaints!! IMHO!!

The spreads ??? I can hold for as long and as many points as you do with H4 charts you realise
so let me get this right you trade on a 1min and hold for as long as someone trading on a 4 hour chart ???

I use 5 and 15 min that is it , mostly trade GJ that is my baby. I use fxcm high volume account .. low spreads but have to trade 100 standard per month
Blogging daily now at www.volume.zone
  • #143,812
  • Jul 7, 2009 6:38pm Jul 7, 2009 6:38pm
Quoting bobbybrown
I was looking at them on different pairs today and they seemed to be relevant so am interested in finding out more. How do I know when they are going to change/keep track of it and are the just used for reversals or can they be used for continuation of trend too?

Thanks

they are used as battle lines ... there is one fellow who has a whole thread on mml.

I have mine on a 5 min chart but use 15 min as my mm period.

http://www.forexfactory.com/showthre...92#post2819292
Blogging daily now at www.volume.zone
  • #143,813
  • Jul 7, 2009 6:40pm Jul 7, 2009 6:40pm
Quoting malcolmb14
so let me get this right you trade on a 1min and hold for as long as someone trading on a 4 hour chart ???

I use 5 and 15 min that is it , mostly trade GJ that is my baby. I use fxcm high volume account .. low spreads but have to trade 100 standard per month

Well I have the option to do so, same market after all, I use SMA's to show me the slower trend, and envelopes to show me the likely range during choppy periods.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #143,814
  • Jul 7, 2009 6:41pm Jul 7, 2009 6:41pm
Quoting bobbybrown
So if they repaint is it worthwhile relying on them?
useless for me
  • #143,815
  • Jul 7, 2009 6:46pm Jul 7, 2009 6:46pm
see ya
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 82 KB
Thank You
  • #143,816
  • Jul 7, 2009 6:48pm Jul 7, 2009 6:48pm
Quoting malcolmb14
they are used as battle lines ... there is one fellow who has a whole thread on mml.

I have mine on a 5 min chart but use 15 min as my mm period.

http://www.forexfactory.com/showthre...92#post2819292
Thanks...I'll check through the link
  • #143,817
  • Jul 7, 2009 6:52pm Jul 7, 2009 6:52pm
30 min gu with mml .....

they work really well when coupled with vsa

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #143,818
  • Jul 7, 2009 6:59pm Jul 7, 2009 6:59pm
Trouble accessing this thread lately. Need to refresh again n again. Looking for opportunity to short. Any suggestion at what price?
Great Bodies are Engineered not Born
  • #143,819
  • Jul 7, 2009 7:02pm Jul 7, 2009 7:02pm
Quoting RichLadyFX
Trouble accessing this thread lately. Need to refresh again n again. Looking for opportunity to short. Any suggestion at what price?

maybe on a test of that break down level 6120. look for a doji or something on 5 min chart
Blogging daily now at www.volume.zone
  • #143,820
  • Jul 7, 2009 7:06pm Jul 7, 2009 7:06pm
Quoting Turveyd
It's on MT4 under Oscillitors, basically it's a distance away from a SMA line.

Try GU M1 :-

Envelope 60SMA 0.20%
Envelope 30SMA 0.10%

See how the market tends to stay inbetween and at times bounce from 1 side to the other.

Works better on Choppy days.
Thanks Forexlion and Turveyd. I will check it out (maybe not on 1 min yet! Apologies Turveyd )

My head feels crammed full of lots of brilliant new info - so off for a rest now, can't think coherently any more!

Finally broke 6100. Next one 6000 I guess?

Happy pipping everyone.
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