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Cable Update (GBPUSD)

  • #150,661
  • Jul 24, 2009 9:26am Jul 24, 2009 9:26am
Quoting mktjong
A lot of fierce sharks swimming during NY session .. safer to trade in Asian and London.
I think its down to timing issue. I found Asian to be very slow on intraday.
  • #150,662
  • Jul 24, 2009 9:26am Jul 24, 2009 9:26am
Quoting forexlion
ok
cool LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #150,663
  • Jul 24, 2009 9:27am Jul 24, 2009 9:27am
Quoting Yngwie
cool LoL!
make anything

http://www.jjchandler.com/tombstone/download.php
  • #150,664
  • Jul 24, 2009 9:28am Jul 24, 2009 9:28am
Quoting Nardino
I think its down to timing issue. I found Asian to be very slow on intraday.
Right ..
  • #150,665
  • Jul 24, 2009 9:29am Jul 24, 2009 9:29am
Quoting forexlion
since how many years are you using this strategy

and are you really consistent with the results

what is your profit percentage
I`ve used this on a demo for arround 3-4 months and the proffit was very good due to the move up cabble did from 4200ish(that`s when i started)

I`m doing it live since monday... separate broker/account(only deposited 450$ with the ideea that i can add money instantly if i get close to margin call or w/e) but the result`s should not be condered yet as i cought most of the upmoves right. Now the account balance is 976$.(floating p/l 60$ tho)

I was only asking if anyone else ever tried this.... i`m not risking my account trading like this and i don`t care if it gets to 0$ balance.

I`ll remeber to post here is the live test fails. Promise.
  • #150,666
  • Jul 24, 2009 9:30am Jul 24, 2009 9:30am
While waiting for timing .. enjoy this one:

http://www.facebook.com/ext/share.ph...u=GgiLu&ref=nf
  • #150,667
  • Jul 24, 2009 9:30am Jul 24, 2009 9:30am
Quoting forexlion
I only see bernanke right now and weekend close
Sure, I'm talking about Monday, today would be great but I doubt it. NEver know with freaky Friday and Bernanke LOL.

I have downloaded and looked at the indi you are using, which settings are you using and is that a 13 EMA?

Cheers

DT
  • #150,668
  • Jul 24, 2009 9:32am Jul 24, 2009 9:32am
Quoting mktjong
Right ..
No more 'wind of sail' on GU after Mich Report.
  • #150,669
  • Jul 24, 2009 9:36am Jul 24, 2009 9:36am
Quoting forexlion
get down to demo and learn to scalp 5 min charts

believe me it earns far more than i thought it could

you should just know when to enter and when to simply exit
can you show us a trade setup?
  • #150,670
  • Jul 24, 2009 9:39am Jul 24, 2009 9:39am
Quoting Nardino
No more 'wind of sail' on GU after Mich Report.
Down is more likely .. Dow is a wind sailor now
  • #150,671
  • Jul 24, 2009 9:44am Jul 24, 2009 9:44am
Hey everyone...

The market is following a nice downtrend channel on the 15m chart today. Entered short at 1.6555 (first yellow circle) after we got the nice bounce which is now the top of the major trend channel (blue line). My first TP (50%) was at the bottom of the minor trend channel (purple line), and second TP (remaining 50%) at the bottom of the major trend channel. So got a nice move there.

I've now entered long at the bottom of the major trend line (1.6395). Looking to take half again at the top of the minor trend line and the rest at the top of the major trend line if we get there. Not expecting much on longs though in a strong downtrend, but it is Friday and SL is at BE anyway. Will be looking for an opportunity to short again at the top of the major trend line though, or a break of the bottom trend line.

As long as we are getting good bounces off these lines I'm not worried. Hope you guys have an awesome weekend
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  • #150,672
  • Jul 24, 2009 9:45am Jul 24, 2009 9:45am
Quoting mktjong
Down is more likely .. Dow is a wind sailor now
Thank You
  • #150,673
  • Jul 24, 2009 9:50am Jul 24, 2009 9:50am
GOODBYE FOREX Today is my last day in forex world. I will stop to trade forever n ever. Thanks for pleasure and pain!!! Thanks for all info guys! BYE!!!!!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #150,674
  • Jul 24, 2009 9:51am Jul 24, 2009 9:51am
Quoting Yngwie
GOODBYE FOREX Today is my last day in forex world. I will stop to trade forever n ever. Thanks for pleasure and pain!!! Thanks for all info guys! BYE!!!!!

May I ask why are you giving up?
Better safe than sorry
  • #150,675
  • Jul 24, 2009 9:58am Jul 24, 2009 9:58am
GJ looking interesting (try a 15M chart)
  • #150,676
  • Jul 24, 2009 9:59am Jul 24, 2009 9:59am
Quoting cdforex
May I ask why are you giving up?
He probabily lost his account...

I also found that it`s much better to start with a v small account, when you grow that small one you can add more...

If you lose it open another small one and so on.... untill you can make pips, after that money will start adding up... no point losing 3.000$ when you can only lose 300... or even less... all that it matters is that you are on live.(on demo you tend to care less or not at all if you lose, at least that`s what happend to me)
  • #150,677
  • Jul 24, 2009 9:59am Jul 24, 2009 9:59am
Well folks, you all have a great weekend!

I'm gonna go scan the classifieds to see what jobs are available for crippled old carpenters....

Should be a lot in the current job market I'd think........
Ghost Rider - WWTBMD?
  • #150,678
  • Jul 24, 2009 9:59am Jul 24, 2009 9:59am
HI All,

4H with Bollinger (and yesterday divergence on it) shows down trend to (might) continue. The same with 15Minuts S&P500 and DowJhons...are sloping down

Just a thought

LOndon Trader
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Discomfort and profit often stand side by side
  • #150,679
  • Jul 24, 2009 10:00am Jul 24, 2009 10:00am
Quoting albchr
Well folks, you all have a great weekend!

I'm gonna go scan the classifieds to see what jobs are available for crippled old carpenters....

Should be a lot in the current job market I'd think........
didnt do good today?
  • #150,680
  • Jul 24, 2009 10:00am Jul 24, 2009 10:00am
While I am waiting for the range to tighten, to play a break, I will try to play a bounce at the trendline 1.6400.

Will trade if it hit 1.64 and bounce up.
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