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Cable Update (GBPUSD)

  • #154,561
  • Aug 3, 2009 3:16pm Aug 3, 2009 3:16pm
Quoting albchr
That's the goal and I thank you for openly sharing it.

Each weekend I'll tick through back data one 15M bar at a time practicing trades. Biggest thing I have to do is get a handle on all the floating S/R MA's and thier significance. The PDF I read at night at the end of US. Get a couple hours sleep and get up at 1:00 for the last two hours of Asia into UK.

i think "EO + affinity method" (has a nice ring to it ) can work every well for u chris, play the touches to the MA's having almost no drawdown- demo it to gain faith in it and it can give good probability trades
  • #154,562
  • Aug 3, 2009 3:19pm Aug 3, 2009 3:19pm
Quoting eohater
I know your not a rookie bro! Mistakes happen though. Good job on the EJ long. I've been having fun with her all afternoon. I still have on GU long on the table from 6700 covered at +50, but my shorts are prepared to go marching to take it out if price decides to break south. Otherwise, I'll add to my long position. 1.70 will not be an easy break in my eyes.

I try to keep my losses at the expense of missing loads of plays to a Min, not giving it back is key I find.

3 losses and 30 wins I think since account last low of £56 LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,563
  • Aug 3, 2009 3:20pm Aug 3, 2009 3:20pm
Quoting Turveyd
I try to keep my losses at the expense of missing loads of plays to a Min, not giving it back is key I find.

3 losses and 30 wins I think since account last low of £56 LOL
That's excellent bro! Keep it up! I'd like to see you turn your account into a major shitload of money.
Just digging in the trenches like everyone else!
  • #154,564
  • Aug 3, 2009 3:20pm Aug 3, 2009 3:20pm
Quoting eohater
It's my pleasure to share. I don't hold the holy grail, I have losses like anyone else, but I do have a method to the madness that works for me and some others as well.

I haven't checked out your system, but if yours is a MA touching / trend following system then my M1 system ( self made ) likely isn't too far off yours, thats basically how I trade!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,565
  • Aug 3, 2009 3:22pm Aug 3, 2009 3:22pm
Quoting eohater
That's excellent bro! Keep it up! I'd like to see you turn your account into a major shitload of money.

Thats the plan dude

Missed some damn good setups while cleaning my room for my trading partner to be able to not be sick every 2mins and distracted, bloody woman!!

Hopefully concentrate more on trading tomorrow!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,566
  • Aug 3, 2009 3:22pm Aug 3, 2009 3:22pm
Quoting nAVIN2007
i think "EO + affinity method" (has a nice ring to it ) can work every well for u chris, play the touches to the MA's having almost no drawdown- demo it to gain faith in it and it can give good probability trades
Thanks bro!

We try hard! Not everytrade is a zero draw down, but we do like to pick cherries and have fun.
Just digging in the trenches like everyone else!
  • #154,567
  • Aug 3, 2009 3:24pm Aug 3, 2009 3:24pm
Quoting Turveyd
I haven't checked out your system, but if yours is a MA touching / trend following system then my M1 system ( self made ) likely isn't too far off yours, thats basically how I trade!!
I'd like to know more of your system. I will say though, our system does call for countertrend trades. Just like the one I'm currently in on GU. It's positive and I've booked some nice pippage, but many are afraid to sell it after a 200 point rally. Doesn't scare me. I'll take her both directions and have fun while doing it.
Just digging in the trenches like everyone else!
  • #154,568
  • Aug 3, 2009 3:29pm Aug 3, 2009 3:29pm
Quoting eohater
Thanks bro!

We try hard! Not everytrade is a zero draw down, but we do like to pick cherries and have fun.
your welcome brother..it sure can be fruitfull
  • #154,569
  • Aug 3, 2009 3:33pm Aug 3, 2009 3:33pm
Quoting Turveyd
Look at it as a business, my business cost me £22K+ to setup, didn't really make any money for 2years and barely made any money after that for 13years before being terminated recently
It has become very, very difficult to run business in this politically correct climat. I have been involved in few good once over the years, and as far as the UK is concerned I am winding down, only a few chosen project in advising few very good friends. The only one I shall leave untouched is the property rental porfolio with good residual income, but thats it.
Spread betting is such a refreshing scenario with no tax liability, no accounts, accountants and the rest. There is too much red tape to be involved in buisness nowadays, yet this country is supported by small buisnesses, wander what will happen in the future, when they are gone.
Wish you many good trades, and less concerns about accountants, CIS, PAYE and "other" contributions taken from good people trying hard their best.
Make sure losses are small and profits are bigger!
  • #154,570
  • Aug 3, 2009 3:34pm Aug 3, 2009 3:34pm
Quoting eohater
I'd like to know more of your system. I will say though, our system does call for countertrend trades. Just like the one I'm currently in on GU. It's positive and I've booked some nice pippage, but many are afraid to sell it after a 200 point rally. Doesn't scare me. I'll take her both directions and have fun while doing it.
I have got a chop system aswell, which does kinda allow for counter trend trades but I still like to avoid them.

My system trend is very fluid though, it's very much a this is the trend and on different time periods ( all off M1 ), like GU just my short term trends had turned down, but I had a longer term trend coming into play, sadly it didn't hit and reverse like normal.

Slap this template only a m1 chart, EJ working well currently.

It works well, but you need to do alot of probability work to really know when to trade and when not to.


EJ's downtrending currently on the shorter time periods.
Attached File(s)
File Type: tpl my little m1 system.tpl   13 KB | 286 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,571
  • Aug 3, 2009 3:35pm Aug 3, 2009 3:35pm
Quoting nAVIN2007
i think "EO + affinity method" (has a nice ring to it ) can work every well for u chris, play the touches to the MA's having almost no drawdown- demo it to gain faith in it and it can give good probability trades
Yeah buddy, that's what I find so appealing about it. You know me and having to risk so much, I rely on getting to BE very quickly. I know few trades come with "no" drawdown but the less, the better of course.

Turveyd actually put me on to EO's thread. I think between trades with less draw down risk and being able to collect more pips overall per week in smaller moves is just the ticket I need....
Ghost Rider - WWTBMD?
  • #154,572
  • Aug 3, 2009 3:39pm Aug 3, 2009 3:39pm
Quoting eohater
I'd like to know more of your system. I will say though, our system does call for countertrend trades. Just like the one I'm currently in on GU. It's positive and I've booked some nice pippage, but many are afraid to sell it after a 200 point rally. Doesn't scare me. I'll take her both directions and have fun while doing it.

Yep, that would be me too....

(well, it does scare me a bit on the smaller less obvious moves...)

But I've always played both sides of a range.
Ghost Rider - WWTBMD?
  • #154,573
  • Aug 3, 2009 3:40pm Aug 3, 2009 3:40pm
Quoting Turveyd
I have got a chop system aswell, which does kinda allow for counter trend trades but I still like to avoid them.

My system trend is very fluid though, it's very much a this is the trend and on different time periods ( all off M1 ), like GU just my short term trends had turned down, but I had a longer term trend coming into play, sadly it didn't hit and reverse like normal.

Slap this template only a m1 chart, EJ working well currently.

It works well, but you need to do alot of probability work to really know when to trade and when not to....
If I had a meta trader platform, I would install it. I agree about EJ, I'm short on her as well. Profit booked and BE on the remaining position.
Just digging in the trenches like everyone else!
  • #154,574
  • Aug 3, 2009 3:41pm Aug 3, 2009 3:41pm
Quoting eohater
If I had a meta trader platform, I would install it. I agree about EJ, I'm short on her as well. Profit booked and BE on the remaining position.
BTW, I see a bounce from 137.2x to around 137.4x
Just digging in the trenches like everyone else!
  • #154,575
  • Aug 3, 2009 3:42pm Aug 3, 2009 3:42pm
Quoting eohater
If I had a meta trader platform, I would install it. I agree about EJ, I'm short on her as well. Profit booked and BE on the remaining position.

Errr okay :-


4SMA Open
23SMMA thats smoothed!!
100SMMA
540SMMA

Envelope 23SMMA 0.18%


If you can do Smoothed ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #154,576
  • Aug 3, 2009 3:43pm Aug 3, 2009 3:43pm
Quoting Turveyd
Errr okay :-


4SMA Open
23SMMA thats smoothed!!
100SMMA
540SMMA

Envelope 23SMMA 0.18%


If you can do Smoothed ??
I can. Do all these go on your m1?
Just digging in the trenches like everyone else!
  • #154,577
  • Aug 3, 2009 3:44pm Aug 3, 2009 3:44pm
You'll need to see a 3rd candle to act as a confirmation for that
http://www.leavittbrothers.com/educa...mi_bearish.cfm

be care of it though, use tight stops if you go short on the confirmation candle.

Quoting LondonTrader
Hi Turveyd,

Congratulation on. Only a few of us can stay on this stage that long and practise - I will be one of them, but at least 2 or 3 mre years is in front of me so it is good to lisen story like yours or Chris. Thank`s for that

Btw, do we have Harami on 4H chart? Does it mean anything for us?

London Trader
PM Me If You Need Help!
  • #154,578
  • Aug 3, 2009 3:44pm Aug 3, 2009 3:44pm
Quoting albchr
Yeah buddy, that's what I find so appealing about it. You know me and having to risk so much, I rely on getting to BE very quickly. I know few trades come with "no" drawdown but the less, the better of course.

Turveyd actually put me on to EO's thread. I think between trades with less draw down risk and being able to collect more pips overall per week in smaller moves is just the ticket I need....

when i took that long i never realised that the 62 ema was there as well..its probably what gave the move such strength..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 26 KB
  • #154,579
  • Aug 3, 2009 3:45pm Aug 3, 2009 3:45pm
if it breaks 1.7000, I'm moving my SL's up and see if it hits 1.7138

Quoting Cencored
Anybody planing to go long after it has broken the double top?
PM Me If You Need Help!
  • #154,580
  • Aug 3, 2009 3:49pm Aug 3, 2009 3:49pm
Quoting eohater
I can. Do all these go on your m1?

Yep no need for any other charts, well got a M15 just for a better days over view but barely use it!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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