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Cable Update (GBPUSD)

  • #162,881
  • Sep 2, 2009 12:48pm Sep 2, 2009 12:48pm
Quoting alex1976
I know this is not applicable to this thread, but I want to setup a four monitor trading computer.

I currently have a desktop. Should I upgrade it to be able to run four monitors or should i buy one of these systems from a company like multi-monitors?

If I upgrade what I have what do I need to do?

I would appreciate any advice.

sorry m8 yesterday i read your post but i never had a opportunity to answer, what i do is look at monthly, weekly and decide where the hell it is going, then find a oportunity of 4hr to weekly to enter. I found by doing that u dont get caught the wrong way so much..

hope that helps...

with regards to 4 monitors ..i think u need some kind of card for the pc to support the monitors
  • #162,882
  • Sep 2, 2009 12:48pm Sep 2, 2009 12:48pm
Quoting djambazov84
hi all

after the 15+ pages of nosense m1 vs d1 trading i`d like to lay out my thoughts as well
first off if this trendline gets broken - bad news for bears
second...very low volume today maybe markets are waiting for 2pm fomc minutes but from what I see so far volume wise price was marked up to the 61fib of the last down swing and this might be the top for today. price has been climbing on low volume all day and this is kinda like red flag for any bulls out there only in the recent 15 minutes i saw volume pickup as price approached the 61fib...


Hello friend,

Which indicator you use to know about the volume?

Thanks
Forex success = Patience + Leverage
  • #162,883
  • Sep 2, 2009 12:49pm Sep 2, 2009 12:49pm
Quoting JamesCZ
Sorry, no flame...my fault. I just find out, that I'm very good at finding bottoms and tops. Every time I buy or sell, there's the oposite of what I need...I wiped out one of my accounts because of this. And why? Just cause I think some support or resistance has been broken and it wasn't...what should I do with that :/
Nothing more frustrating

Are you sure you are not chasing the market, waiting too long and buying at the top or selling at the bottom when it looks doomed

Trading with hindsight

That is worse than getting in too soon

When your head gets in a spin, take a couple of small scalps to regain confidence - tiny ones

Then regain your confidence and get back in the saddle slowly but surely

Been there done all that - trading is like hardons - no confidence, no result
  • #162,884
  • Sep 2, 2009 12:50pm Sep 2, 2009 12:50pm
Just back to update potential supp/res charts and see more upside progress since my trading session ended @ 1130am gmt. The triple bottom on 1hr and 4hr and the bullish divergence to the hourly chart with regular sequential bullish divergence pattern in 4hr indicated that some upside was more probable than not. The 1hr screenshot is shown below, note the bullish regualr divergence.

http://i29.tinypic.com/70xuoi.gif

The 1hr chart as I see it now looks like this;

http://i26.tinypic.com/28v3zhx.gif

G/L
ex member
  • #162,885
  • Sep 2, 2009 12:51pm Sep 2, 2009 12:51pm
Quoting GlobalMacro
Thanks buddy...I'm cool w/ less than 100% too, any day...lol...
i have to say..calling this dip ..was a master piece
I should have realised yesterdays low didnt actually break and those pin on the 4hr.. should have been clues...oh well....we trade to learn

weldone bro....i owe u a beer
  • #162,886
  • Sep 2, 2009 12:54pm Sep 2, 2009 12:54pm
Quoting allserene
well dont buy 3 netbooks coz a lot of systems dont let you multi log on

mega fancy graphics card with a cooling fan required i reckon but that is speculation

I am a speculator

Good idea, 1 Netbook with a 2nd screen, if your computer crashes your netbook is still working.

Or a 2nd PC with 2 graphic cards, same as above but no keyboard directly in the way.


You can get some software which will let you use 1 mouse + keyboard and use the other screens / computer almost like it's 4 screens. ( can't move things to the other PC or copy paste )

Main PC crashes 2nd 1 sitting there, log on exit trades!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #162,887
  • Sep 2, 2009 12:55pm Sep 2, 2009 12:55pm
Quoting allserene

Been there done all that - trading is like hardons - no confidence, no result
  • #162,888
  • Sep 2, 2009 12:59pm Sep 2, 2009 12:59pm
Quoting allserene
Nothing more frustrating

Are you sure you are not chasing the market, waiting too long and buying at the top or selling at the bottom when it looks doomed

Trading with hindsight

That is worse than getting in too soon

When your head gets in a spin, take a couple of small scalps to regain confidence - tiny ones

Then regain your confidence and get back in the saddle slowly but surely

Been there done all that - trading is like hardons - no confidence, no result
Maybe you're right and I'm just in too late. I have to learn a lot. Now I'm holding that position, still...but don't know if the price will go up again so I can close it with no lose. Maybe I have to think a little, where's the problem.

The idea with small scalps looks great, I guess I need some really much.
-- There's no winner without lose --
  • #162,889
  • Sep 2, 2009 1:06pm Sep 2, 2009 1:06pm
Quoting JamesCZ
Maybe you're right and I'm just in too late. I have to learn a lot. Now I'm holding that position, still...but don't know if the price will go up again so I can close it with no lose. Maybe I have to think a little, where's the problem.

The idea with small scalps looks great, I guess I need some really much.

The trouble with trading breakouts of anything is that most breakouts are false, and run contrary to the buy lo/sell hi docterine..better to trade the 'congestion 2nd b/o' technique if you are going to trade b/o's...ie wait for price to retarce back to your b/o level and then b/o for a 2nd time, - this is usually the truest b/o and gets round the problem of buying tops and bottoms.

Personally I don't trade b/o's on first b/o unless there is a thrust candle close of a defined horizontal channel like the screenshot eg below, and in any event do so only in certain overall price action conditions.

G/L

http://i29.tinypic.com/ic450h.gif
ex member
  • #162,890
  • Sep 2, 2009 1:06pm Sep 2, 2009 1:06pm
Quoting JamesCZ
Maybe you're right and I'm just in too late. I have to learn a lot. Now I'm holding that position, still...but don't know if the price will go up again so I can close it with no lose. Maybe I have to think a little, where's the problem.

The idea with small scalps looks great, I guess I need some really much.

what yur doing is a sign that u havent seen trading long (with all the respect in the world)...every new trader do this, u have to understand if the line is up then it will mostly likely act as resistance, if on the bottom, likely act as support....so u actually do the opposite if u want to take chances

the right thing to do is wait for a candle (PA) to support or reject the line/area..i hope that makes sense

heck! i still do it!.....lol
  • #162,891
  • Sep 2, 2009 1:07pm Sep 2, 2009 1:07pm
Quoting nAVIN2007
i have to say..calling this dip ..was a master piece
I should have realised yesterdays low didnt actually break and those pin on the 4hr.. should have been clues...oh well....we trade to learn

weldone bro....i owe u a beer

Thanks bro...
yup...that dip...lol.. was pretty tricky down there...I was on my toes the whole entire time ready if it broke out....now I can take a little break...

P.S. don't say beer too loud bro, you might inadvertently wake up BB too early....lol
Hear the music before the song is over ...
  • #162,892
  • Sep 2, 2009 1:09pm Sep 2, 2009 1:09pm
Quoting GlobalMacro
Thanks bro...
yup...that dip...lol.. was pretty tricky down there...I was on my toes the whole entire time ready if it broke out....now I can take a little break...

P.S. don't say beer too loud bro, you might inadvertently wake up BB too early....lol


cheers buddy
  • #162,893
  • Sep 2, 2009 1:10pm Sep 2, 2009 1:10pm
Quoting Turveyd
Good idea, 1 Netbook with a 2nd screen, if your computer crashes your netbook is still working.

Or a 2nd PC with 2 graphic cards, same as above but no keyboard directly in the way.


You can get some software which will let you use 1 mouse + keyboard and use the other screens / computer almost like it's 4 screens. ( can't move things to the other PC or copy paste )

Main PC crashes 2nd 1 sitting there, log on exit trades!!
Right that's what i do - 2 computers with a KVM switch - they are mega cheap and reliable and having 2 comps is a MUST for trading

I have one hidden and on wireless so the burglars cant find it - its always a copy of computer1

KVM keyboard video monitor

you just hit control -control 1 to see computer 1 and control -control2 to see computer 2

easy
  • #162,894
  • Sep 2, 2009 1:12pm Sep 2, 2009 1:12pm
Thanks for advices. I guess I won't rather trade breakouts and wait if the resistance hold and in fact it will, I will sell and in opposite way at the support line.

But what to do with my long now...who knows. I'm still waiting for retrace to 6295 position when I bought and close it with 0 profit. But maybe I'm fool and I just should close it now, before it wipes out my acc again.
-- There's no winner without lose --
  • #162,895
  • Sep 2, 2009 1:13pm Sep 2, 2009 1:13pm
Quoting allserene
Right that's what i do - 2 computers with a KVM switch - they are mega cheap and reliable and having 2 comps is a MUST for trading

I have one hidden and on wireless so the burglars cant find it - its always a copy of computer1

KVM keyboard video monitor

you just hit control -control 1 to see computer 1 and control -control2 to see computer 2

easy
sorry i have my third one on wireless
kvm doesnt do wireless
my fourth one is at my daughter's casa in England
  • #162,896
  • Sep 2, 2009 1:16pm Sep 2, 2009 1:16pm
Quoting JamesCZ
Thanks for advices. I guess I won't rather trade breakouts and wait if the resistance hold and in fact it will, I will sell and in opposite way at the support line.

But what to do with my long now...who knows. I'm still waiting for retrace to 6295 position when I bought and close it with 0 profit. But maybe I'm fool and I just should close it now, before it wipes out my acc again.
when i get something wrong and it starts to crawl back to my position - I always close at b/e

preservation of the account needed and its proved i was wrong - so low profile time and glad to get out at b/e - thats how i think
  • #162,897
  • Sep 2, 2009 1:18pm Sep 2, 2009 1:18pm
Quoting allserene
when i get something wrong and it starts to crawl back to my position - I always close at b/e

preservation of the account needed and its proved i was wrong - so low profile time and glad to get out at b/e - thats how i think
Hmm, what is it b/e?
-- There's no winner without lose --
  • #162,898
  • Sep 2, 2009 1:35pm Sep 2, 2009 1:35pm
JamesCZ B/e is on loss no gain (break even) have you read thr no brainer thread? It is really good at explaining support and resistance, (supply and demand) also lots of other info, there is a Pdf thats worth its weight in gold.

cheers
  • #162,899
  • Sep 2, 2009 1:44pm Sep 2, 2009 1:44pm
i'm giving a run that this meeting will make market bull for gu as asia market trades later//im goin for good pocket money tom..nites guy as im in malaysia..
Play it HarD*
  • #162,900
  • Sep 2, 2009 2:05pm Sep 2, 2009 2:05pm
I'm still selling this sucker. 6380 is where I stop attempting short positions.
Good luck fellas.
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