Cable Update (GBPUSD) | Page 7606 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #152,101
  • Jul 28, 2009 5:32pm Jul 28, 2009 5:32pm
Quoting malcolmb14
one thing you have to know about these forums is that traders that say they make loads of pips traidng 1 min are full of brown stuff . They rarely call trades before they happen . A successful trader is one that has apln .. entry and exit.

95% of traders fail ...fact .

100 % of trader millionaires as per postings on forex factory ( how i make a gazillion pips trading a 1 min chart) ... fiction !

I consider myself a successful scalper .... i would never trade off a 1 min chart in fx .. lets see .. movements small and spreads would kill...

We M1 traders think exactly the same about your H4 traders, you have such a huge margin for error with your 100+ SL's your winning by random chance alone even then your barely winning 50% of the time and most of you are scalping off H4 charts, which is just ridiculous.

You need to learn how to trade M1, I make money and I really wouldn't trade any other way.

I also post the direction of the market so far with 100% accuracy frequently and give tips on when EJ's direction has changed, much quicker than waiting for a H4 to close.

And you trade M3, not alot of different to M1.

31 trades, 27 wins, 4 losers and account is +300% trading entirely of M1 over the last 6 weeks.


4 winning trades today +23% on my account.

H4 users will never learn!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,102
  • Jul 28, 2009 5:34pm Jul 28, 2009 5:34pm
Even a 15 pip reversal on a 5 min chart would look massive on 1 min chart ....

And a 15pip reversal looks well like a 15pip reversal on my chart, exactly as it looks on yours, your looking at M1 charts BADLY!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,103
  • Jul 28, 2009 5:38pm Jul 28, 2009 5:38pm
Quoting Turveyd
We M1 traders think exactly the same about your H4 traders, you have such a huge margin for error with your 100+ SL's your winning by random chance alone even then your barely winning 50% of the time and most of you are scalping off H4 charts, which is just ridiculous.

You need to learn how to trade M1, I make money and I really wouldn't trade any other way.

I also post the direction of the market so far with 100% accuracy frequently and give tips on when EJ's direction has changed, much quicker than waiting for a H4 to close.

And you...
I said scalper ..... how does scalper and 4 hour go in same sentence.

I trade a 5 min chart have been for 4 years , recently been on a 3 min chart ... seems to work well when combined with volume pivots. trades are 30 pip stops .... .5 % risk on account. I get about 80% accuracy.

good going on trades btw .... you have courage. I would never trade a 1 min chart and i am one of the better scalpers / day traders out there
Blogging daily now at www.volume.zone
  • #152,104
  • Jul 28, 2009 5:42pm Jul 28, 2009 5:42pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
We are speaking the same language Mal but diff tones. If china tries to break USD it will break as well. US blackmails everyone being largest consumer and all FReserves are held in dollar. Screwing dollar means screwing their own wealth. China knows it hence they are asking for universal currency.
US won't let this happen so easily they need to tempt their lenders by making dollar an interesting investment, lol. to be honest, china is still in profit, all reserves are held from last 10 yrs and dollar has been weak since. It has only shown some strength in recent months. So they are still in a nice profit.


ams



Quoting malcolmb14
err .. one thing you got wrong in there. China was buying bonds .. for leverage over US . They hedged these with gold. Did you know China was holding 43% of all US bonds at one point and oculd have crippled the USD if they wanted to . They have been selling the bonds as fast as they can without crashing the bond market.
  • #152,105
  • Jul 28, 2009 5:43pm Jul 28, 2009 5:43pm
Quoting Turveyd
We M1 traders think exactly the same about your H4 traders, you have such a huge margin for error with your 100+ SL's your winning by random chance alone even then your barely winning 50% of the time and most of you are scalping off H4 charts, which is just ridiculous.

You need to learn how to trade M1, I make money and I really wouldn't trade any other way.

I also post the direction of the market so far with 100% accuracy frequently and give tips on when EJ's direction has changed, much quicker than waiting for a H4 to close.

And you...
I don't understand something. How do you trade the noise of the M1 and M5 timeframes? There is no T/A tools of value because it is only erratic and random noise. That means that if there are no T/A tools then you are just guessing the next movement?
  • #152,106
  • Jul 28, 2009 5:44pm Jul 28, 2009 5:44pm
Quoting malcolmb14
I said scalper ..... how does scalper and 4 hour go in same sentence.

I trade a 5 min chart have been for 4 years , recently been on a 3 min chart ... seems to work well when combined with volume pivots. trades are 30 pip stops .... .5 % risk on account. I get about 80% accuracy.

good going on trades btw .... you have courage. I would never trade a 1 min chart and i am one of the better scalpers / day traders out there

Most of the H4 traders around here are in and out for a few pips repeatly which is scalping, 20 - 30SL's not 100+ like you should be.

I like detail and I have a system that no way on earth would work on M5 or any other time frame, it's literally milking every move out of the market, okay I only trade around 5% of them, which is slowly increasing.

GU and EU are both still holding a Downtrend by the way, there where H4 users posting uptrend and long 11hours or something back mid move down.


Trends and Moves are holding these days, I have a chop system aswell for days / times when it's just chopping around.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,107
  • Jul 28, 2009 5:46pm Jul 28, 2009 5:46pm
Quoting Turveyd
You can't just learn how to trade a M1 chart first time out, you can't use the same system as what you use for H4 or anything else, it's something that you've got to masted the same as H4.

Your win probability will be much much much higher when mastered, you'll see the trend and direction much clearer still be able to get the big pip movements infact more of them and do so on a much less SL, so a win win situation.

But it takes time!!
Can you explain this to me?
  • #152,108
  • Jul 28, 2009 5:47pm Jul 28, 2009 5:47pm
Quoting ams
We are speaking the same language Mal but diff tones. If china tries to break USD it will break as well. US blackmails everyone being largest consumer and all FReserves are held in dollar. Screwing dollar means screwing their own wealth. China knows it hence they are asking for universal currency.
US won't let this happen so easily they need to tempt their lenders by making dollar an interesting investment, lol. to be honest, china is still in profit, all reserves are held from last 10 yrs and dollar has been weak since. It has only shown some...
I think usd index being accumulated . USD will make a come back in the months ahead ....

Attached Image (click to enlarge)
Click to Enlarge Name: ym552.png Size: 166 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ym553.png Size: 155 KB
Blogging daily now at www.volume.zone
  • #152,109
  • Jul 28, 2009 5:51pm Jul 28, 2009 5:51pm
Quoting jamiewhite
I don't understand something. How do you trade the noise of the M1 and M5 timeframes? There is no T/A tools of value because it is only erratic and random noise. That means that if there are no T/A tools then you are just guessing the next movement?

TA Tools, DO NOT WORK thats something you'll never accept, your beloved H4 Canldle sticks, view the same chart from a provider with a different start time, yes there randomly forming, closed at the top gives you a good chance of going higher and thats about it.

I see no noise on my chart, I have enough accuracy to put a 5SMA on my chart, and on the move from 1.6470 down to 1.6392 area it only called 1 up blip, rest of the time it said Short all the way down, can you do that on a H4 ??

Chart attached of that.

Notice also how my 100SMMA downtrend line, got touched before it reverse, it was touching and reversing all day for many potential shorts, can you see that on H4 ?? NO!!!!


Just because you don't understand it, doesn't mean you should bash it and class everyone who trades it a liar and try to keep people off it!!

Ohhhh is the markets lower than my Downtrend Post ?? yes already!! ohhhh but thats not possible to see on a M1 Chart LOL
Attached Image (click to enlarge)
Click to Enlarge Name: h4 is ludicrous.gif Size: 13 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,110
  • Jul 28, 2009 5:51pm Jul 28, 2009 5:51pm
Quoting Turveyd
Most of the H4 traders around here are in and out for a few pips repeatly which is scalping, 20 - 30SL's not 100+ like you should be.

I like detail and I have a system that no way on earth would work on M5 or any other time frame, it's literally milking every move out of the market, okay I only trade around 5% of them, which is slowly increasing.

GU and EU are both still holding a Downtrend by the way, there where H4 users posting uptrend and long 11hours or something back mid move down.


Trends and Moves are holding these days, I have a...
I am a gj trader ..... hate trading anything else way to slow lol ...

3 min / 5 min and 15 min... some days like today I can squeeze 250 - 350 pip out of her

I have been holding a sell since 155,50 ion upthrust in us close ... half off 50 pip and stop be other half with target 154.65 ish .
Blogging daily now at www.volume.zone
  • #152,111
  • Jul 28, 2009 5:51pm Jul 28, 2009 5:51pm
Quoting jamiewhite
Can you explain this to me?
Already have done, look at my chart example!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,112
  • Jul 28, 2009 5:59pm Jul 28, 2009 5:59pm
Quoting malcolmb14
I am a gj trader ..... hate trading anything else way to slow lol ...

3 min / 5 min and 15 min... some days like today I can squeeze 250 - 350 pip out of her

I have been holding a sell since 155,50 ion upthrust in us close ... half off 50 pip and stop be other half with target 154.65 ish .

3 min chart ... with 50 to 100 pip trades ... simple if you know how

Attached Image (click to enlarge)
Click to Enlarge Name: ym554.png Size: 147 KB
Blogging daily now at www.volume.zone
  • #152,113
  • Jul 28, 2009 6:03pm Jul 28, 2009 6:03pm
Quoting malcolmb14
3 min chart ... with 50 to 100 pip trades ... simple if you know how

Attachment

Same as on mine, but without any drawing of lines, with a system that gives me direction information on 4 time factors right down to 5mins for timing entrys with the longer trends perfectly.

And a chop system for when it's sideways but still volatile.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,114
  • Jul 28, 2009 6:07pm Jul 28, 2009 6:07pm
Quoting jamiewhite
I don't understand something. How do you trade the noise of the M1 and M5 timeframes? There is no T/A tools of value because it is only erratic and random noise. That means that if there are no T/A tools then you are just guessing the next movement?
m1 some can trade it .. not for me. I have buddies that trade futures on 544tick charts....

m3 and m5 .... that secret is to know where the buyers and sellers were before and watch for candle patterns and volume set ups. i use a certain moving average and high volume pivots from 20 trading sessions back to help me. Also if you look at GU it trades in 20 pip increments. always has always will. Note on my chart the dotted lines .. those are the high vol pivots. i would rather do 4 trades of 20 pip than one of 80 pips on a long term time frame such as 4 hour. On 5 min you can get pin point accuracy

Attached Image (click to enlarge)
Click to Enlarge Name: ym555.png Size: 134 KB
Blogging daily now at www.volume.zone
  • #152,115
  • Jul 28, 2009 6:08pm Jul 28, 2009 6:08pm
Quoting Turveyd
Most of the H4 traders around here are in and out for a few pips repeatly which is scalping,...
Hi everybody

is there a section in this forum to discuss trading strategies, including M1, M15, etc? as i want to read more about the topic..
  • #152,116
  • Jul 28, 2009 6:12pm Jul 28, 2009 6:12pm
Quoting aqassim
Hi everybody

is there a section in this forum to discuss trading strategies, including M1, M15, etc? as i want to read more about the topic..

It needs 1, when M3 players take the piss out of M1 players while he himself is likely ridiculed by all H4 players well it's kinda silly.


Especially as no H4 players make money even, yes they make profits and it equals there losses that they forget to mention.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #152,117
  • Jul 28, 2009 6:14pm Jul 28, 2009 6:14pm
g'morning everyone!

Is weird as hell getting back in the game after not looking at a chart for 3 weeks.

Glad to see not much has changed around here. Malcomb is still feisty as ever... hahaha

I hope everyone got lots of green pips this month!

Hey! Wait a minute!!! I am the greatest 1M scalper of all time! hahaha Just kidding! But, I am very good at it, and there's no reason to lie. It moves too fast to post a chart, entry, and TP. By the time you finish writing a post the trade is long over. posting charts vs. making money... hmmmmmmmmm
  • #152,118
  • Jul 28, 2009 6:14pm Jul 28, 2009 6:14pm
ok I like 544 tick chart gj with rsx ... lol some of htose candlesonly 45 seconds long.

The very small time frames should be traded on tick charts rather than time charts .... that is the way future traders do it .. 544 t or 1088 tick seems to be the flavour

Attached Image (click to enlarge)
Click to Enlarge Name: ym556.png Size: 145 KB
Blogging daily now at www.volume.zone
  • #152,119
  • Jul 28, 2009 6:15pm Jul 28, 2009 6:15pm
Quoting Dillinger
g'morning everyone!

Is weird as hell getting back in the game after not looking at a chart for 3 weeks.

Glad to see not much has changed around here. Malcomb is still feisty as ever... hahaha

I hope everyone got lots of green pips this month!

Hey! Wait a minute!!! I am the greatest 1M scalper of all time! hahaha Just kidding! But, I am very good at it, and there's no reason to lie. It moves too fast to post a chart, entry, and TP. By the time you finish writing a post the trade is long over. posting charts vs. making...
yup .. trouble is my middle name......
Blogging daily now at www.volume.zone
  • #152,120
  • Jul 28, 2009 6:22pm Jul 28, 2009 6:22pm
Quoting Dillinger
g'morning everyone!

Is weird as hell getting back in the game after not looking at a chart for 3 weeks.

Glad to see not much has changed around here. Malcomb is still feisty as ever... hahaha

I hope everyone got lots of green pips this month!

Hey! Wait a minute!!! I am the greatest 1M scalper of all time! hahaha Just kidding! But, I am very good at it, and there's no reason to lie. It moves too fast to post a chart, entry, and TP. By the time you finish writing a post the trade is long over. posting charts vs. making money......

Your a M1 scalper then, not a micro trend trader, I'm not actually a scalper!!!

Sleep time for me, start trading with a trading partner tommorow who trades just my system and never even seen a H4 chart

Plan to keep each other in check!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
244 traders viewing now