HUH?...Are you sure you're looking at cable? My feed shows a 15 pip difference. Friday closed at 6428, opened at 6443.
Blogging daily now at www.volume.zone
Cable Update (GBPUSD)
- #150,981
- Jul 26, 2009 5:24pm Jul 26, 2009 5:24pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #150,982
- Jul 26, 2009 5:30pm Jul 26, 2009 5:30pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
now do that with 80% accuracy , one right call does not make a trader ..... that is what I get day trading a 5 min chart with often only spread as draw down
All my posts are in here. And to think I was actually going to check out the VSA thread (by a PM invitation) and watch what you were doing...LOL
Arrogant assumptions I have no time for...
And...I had no draw down. I wasn't saying you can't be profitable on 5M. Just that you CAN be on higher. Get over yourself man.
And that was on a 5k account. I doubt you'd have the guts to place a % like that on your trades...hmmm?
Ghost Rider - WWTBMD?
- #150,984
- Jul 26, 2009 5:31pm Jul 26, 2009 5:31pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
mt4 versus a better data feed like esignal ....... high was 1,6475
Ghost Rider - WWTBMD?
- #150,986
- Jul 26, 2009 5:34pm Jul 26, 2009 5:34pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I had three trades that month like that. The other two only 1 lot trades. 1 right call? How arrogant...
All my posts are in here. And to think I was actually going to check out the VSA thread (by a PM invitation) and watch what you were doing...LOL
Arrogant assumptions I have no time for...
And...I had no draw down. I wasn't saying you can't be profitable on 5M. Just that you CAN be on higher. Get over yourself man.
some who cannot trade 1 and 4 hour charts , like me ... I completely suck at it ... might take offense to your posting also .
we can all go back and show great calls we made.
Blogging daily now at www.volume.zone
- #150,987
- Jul 26, 2009 5:39pm Jul 26, 2009 5:39pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #150,988
- Jul 26, 2009 5:44pm Jul 26, 2009 5:44pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts 
- #150,990
- Jul 26, 2009 5:47pm Jul 26, 2009 5:47pm
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
- #150,991
- Edited 6:01pm Jul 26, 2009 5:49pm | Edited 6:01pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I could say ... wow those having issues with 5 min chart trading ... it is so easy
http://www.forexfactory.com/search.php?searchid=6991727
that was trade that got 10 pip draw down on rescue trade and 35 on 1st entry .... for 170 pip trade ....
does not mean that it is easy trading 5 min charts
If you'd followed the posts, you'd see I learned last week that I need to learn to scalp. http://www.forexfactory.com/showpost...stcount=150888
Happy trading to you...
Ghost Rider - WWTBMD?
- #150,993
- Jul 26, 2009 6:01pm Jul 26, 2009 6:01pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #150,994
- Jul 26, 2009 6:01pm Jul 26, 2009 6:01pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Never said it was easy, never said anything against scalping 5 minute. I also post my loosers. Do you? That link you have here is dead?
If you'd followed the posts, you'd see I learned last week that I need to learn to scalp. http://www.forexfactory.com/showpost...stcount=150888
Happy trading to you...
Just because you trade M5 or M1 doesn't mean your scalping, scalping by definition meaning, in and out pretty much immediately for a few pips, lets not confuse short term day trades with scalps.
M5 I lose so much detail it becomes worthless to me as what I'm after in the market is already gone, not enough detail and M15 just forget it.
I do click to H4 and laugh occasionally, I didn't think at first anyone seriously traded off that, like how do you see a nice double bottom that occured in a 4Hour period on a H4 chart ??? you can't!!
How do you know it's dropped, but you've got some buyers here to get into ?? also you can't.
Ofcourse your trying to play the bigger trends with 4H but I'm not interested in trends that slow, I can't see a way to profit from them.
But Trade it by all means, just skip the M1/M5 fear mongering a lot of people if they tried it and learnt how to trade it, would likely do a lot better, some worse ofcourse but they should be allowed to try without the standard anyone who trades sub 4H will lose reaction.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #150,996
- Jul 26, 2009 6:11pm Jul 26, 2009 6:11pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Just because you trade M5 or M1 doesn't mean your scalping, scalping by definition meaning, in and out pretty much immediately for a few pips, lets not confuse short term day trades with scalps.
M5 I lose so much detail it becomes worthless to me as what I'm after in the market is already gone, not enough detail and M15 just forget it.
I do click to H4 and laugh occasionally, I didn't think at first anyone seriously traded off that, like how do you see a nice double bottom that occured in a 4Hour period on a H4 chart ??? you can't!!
How do...
Have a great week trading everyone...
I'm outta here.
Ghost Rider - WWTBMD?
- #150,997
- Jul 26, 2009 6:12pm Jul 26, 2009 6:12pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #150,998
- Jul 26, 2009 6:15pm Jul 26, 2009 6:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
for thos that like murray math lines here is 60 min ,,,, the mml show the s/r levels very well ...
we also have a wedge
if 1.6400 gets a 15 min close under it we may see 1.6300 test.
other than that we could be in some form of channel 6390 to 6480
a break above 1.6480 opens test 1.6600
we also have a wedge
if 1.6400 gets a 15 min close under it we may see 1.6300 test.
other than that we could be in some form of channel 6390 to 6480
a break above 1.6480 opens test 1.6600
Blogging daily now at www.volume.zone
- #150,999
- Jul 26, 2009 6:21pm Jul 26, 2009 6:21pm
Good morning/afternoon/evening/night friends.
We surely have different opinions here and it all comes from months/years of experience in the business. Feel free to express yourself without admonishing others. Sometimes its not your intention to but simply bad choice of words that can be easily misinterpreted.Choose your words carefully.
We are in one big community here and for newbie like me, this thread ia a gem. I hope it continues to sparkle.
- #151,000
- Jul 26, 2009 6:38pm Jul 26, 2009 6:38pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.