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Cable Update (GBPUSD)

@turveyd

true, you cant predict where price will go
you cant predict direction of price
you cant even predict if the next tick will be up or down
... BUT you dont need to, because, as you know, there are times when the probability of price going up/down will be higher than usual

and where do you draw the line of predictability? because, your 200 ema cant predict the same way like TLs, fibos, S/R, forks or whatever
so why do you go long if price is above 200????? if its 50/50 every time like you say, there is no reason to go long, or is there?

so you admit there is probability, because you use it yourself

i'll give you the reasons why most of traders fail

1. no discipline & no plan
2. overleveraging
3. overtrading

it has nothing to do with timeframe

funny you are using the ... what was it? the 1440 moving average?
this is the fucking average daily price!!! ok moving, but thats history, man, how can you use that?!?
Invincibility lies in the defence, the possibility of victory in the attack
@ Sliverheat.


You can see the current direction and you can join the current direction at a sensible place preferably on a pull back, near a trend change zone so your SL can be kept low.

But thats about it and thats more than enough to make pretty constant huge profits from, so why make it more complicates.

Well the 55ema works great as a entry with the trend on strong moves.
200ema is a great directional indicator, with very high odds of the price reversing off.

The 600sma and 1440sma work well, ( go back test them you'll be amazed ).

Why do they work ?? Because Banks and the like trade with huge volumes and use Programs to place there required orders, which use simple logic such as SELL Near 200ema.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Here is a example :-


Start of the chart, Price is finding support near the 600sma Magenta ( Go Long 10pips SL )

Then it moves over the 55ema white and 200ema peru lines.

Finds support / buyers near the 55ema before rocketing higher.

Then later it breaks below the 55ema, there is selling near the 55ema but buyers supporting near the 200ema, it then breaks over the 55ema and has another run.

Okay this is a particulary clear example I've found, but no prediction is required, your simply trading with the current live direction!!!

Here is the over night near 300pips move aswell, see how well the 200ema and 55ema worked on that move to ??
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Guys.am geting sick with the same issue came out again..I did posted earlier and deleted since i would like to see where is the end...

Again nothing wrong or right in this forex...as long as the system give u profit...just stick on it with good mm and discipline...That it...

Come on guys..put the end on this...just posting some valuable thing especially for some newbies... in oder to them to have some idea....forget about self satisfaction and egois...

With respect to all of you ..lets put the end to debut about TF,system,loser or winner etc...Cheers
Quoting grashid
Guys.am geting sick with the same issue came out again..I did posted earlier and deleted since i would like to see where is the end...

Again nothing wrong or right in this forex...as long as the system give u profit...just stick on it with good mm and discipline...That it...

Come on guys..put the end on this...just posting some valuable thing especially for some newbies... in oder to them to have some idea....forget about self satisfaction and egois...

With respect to all of you ..lets put the end to debut about TF,system,loser or...

What and 100's of lines over 100's of charts is considered meaningful, all suggesting the market will do different things ??

Go back and look at last weeks predictions, remember market to 1.5300 they worked well.

I don't care what TF you use it on ( EOHater does similar to me on M15 ), stop teaching people to guess, go with the trend and the flow trading is that easy, if you let it be!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Quoting grashid
Guys.am geting sick with the same issue came out again..I did posted earlier and deleted since i would like to see where is the end...

Again nothing wrong or right in this forex...as long as the system give u profit...just stick on it with good mm and discipline...That it...

Come on guys..put the end on this...just posting some valuable thing especially for some newbies... in oder to them to have some idea....forget about self satisfaction and egois...

[b]With respect to all of you ..lets put the end to debut about TF,system,loser...
Very well said, Grashid.

It is painful and tiresome to watch these arguments on the forum, which will never result in an agreement between the parties involved.
Quoting gammase1
Very well said, Grashid.

It is painful and tiresome to watch these arguments on the forum, which will never result in an agreement between the parties involved.

Well it's a open Forum and on a open Forum I believe just as your allowed to post your idea's / trading beliefs I'm allowed to post mine.

You have options :-

1. Ignore it if you don't like it.
2. Counter my argument with some kinda of REAL logic and evidence not just personal attacks and hearsay ( grow up and act like professional traders not school children )

As said for 99% of you it's just too late, you'll never change the way you think about the markets, but hopefully there are some newbies that are still open minded enough not to have there trading ruined by people who simply have no understanding of the statistics and probabilitys required to profit on anything other than a random basis.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Quoting gammase1
Very well said, Grashid.

It is painful and tiresome to watch these arguments on the forum, which will never result in an agreement between the parties involved.
.....
Quoting Turveyd
Well it's a open Forum and on a open Forum I believe just as your allowed to post your idea's / trading beliefs I'm allowed to post mine.

You have options :-

1. Ignore it if you don't like it.
2. Counter my argument with some kinda of REAL logic and evidence not just personal attacks and hearsay ( grow up and act like professional traders not school children )

As said for 99% of you it's just too late, you'll never change the way you think about the markets, but hopefully there are some newbies that are still open minded enough not to...
This argument has been long since exhausted, D. It is no longer a debate but only a childish rant over "he said, she said" and "my system is better than yours".... It has ceased to be of any use, in my opinion, and I think the vast majority of posters on here feel tired and exhausted by these sorts of exchanges, although I could be wrong.

I do not knock M1 traders. Each to their own. Trading over that t/f is just not for me, I prefer a different approach.

For the record, I am pretty happy with my chosen approach and the results it has yielded in 2008 and so far in 2009. Although there is always great room for improvement, which is the same for any trader.

As for statistics and probabilities, in addition to my academic background, I have spent hundreds of hours back-testing various technical strategies, and then running certain models in live environment. You shouldn't misjudge posters and bracket them all in a single narrow category.

Good luck.
Quoting Turveyd
What and 100's of lines over 100's of charts is considered meaningful, all suggesting the market will do different things ??

Go back and look at last weeks predictions, remember market to 1.5300 they worked well.

I don't care what TF you use it on ( EOHater does similar to me on M15 ), stop teaching people to guess, go with the trend and the flow trading is that easy, if you let it be!!
chill bro.......

understand u r my master in this game.....but will be great to go back to my pevious post and check what did i mentioned then u should understand....a dumb people like me...is talking about

am not trying to teach people and go to hell of that...as i got nothing to earn of doing that..unless i get 100USD per post, that should be more meaningfull to me...

Anyway am just tell people what i saw base on what my chart say...same goes to you to tell people about your M1 right?....so nothing wrong right?....Anyway good luck in ur trading..cheers
I thought i will come to see valuable view for the week!!!
http://www.bloomberg.com/apps/news?p...d=a4lprQ.E3WqE

is this up side flag?
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Quoting Turveyd
What and 100's of lines over 100's of charts is considered meaningful, all suggesting the market will do different things ??

Go back and look at last weeks predictions, remember market to 1.5300 they worked well.

I don't care what TF you use it on ( EOHater does similar to me on M15 ), stop teaching people to guess, go with the trend and the flow trading is that easy, if you let it be!!
Im sorry people, i read this, and i think, his words is not wrong at all. Well, its a pain to see such harsh words. but again it makes me thinking. its true sometimes forums give too many different ways. and its too confusing. i was experiencing it once. and somehow newbies have to learn their way by doing their homework. researching, and practicing in demo. its harsh, but its true.. but a debate like this can be tiring. Welcome to the jungle friends.
Quoting mloistianto
Im sorry people, i read this, and i think, his words is not wrong at all. Well, its a pain to see such harsh words. but again it makes me thinking. its true sometimes forums give too many different ways. and its too confusing. i was experiencing it once. and somehow newbies have to learn their way by doing their homework. researching, and practicing in demo. its harsh, but its true.. but a debate like this can be tiring. Welcome to the jungle friends.

Thanks the Truth hurts, maybe your that 1% that I may help by putting myself in the firing line
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Quoting Johor JCS
the way u express your opinion seems u face a hardlife during your childhood. have u got personal psychiatrist?

mental disorder really dangerous y'know...even in forex trading.u may not see other's point. hope u free yourself from previous darkness
...for all who suffer with the emotional stresses associated with failed achievement in Forex, for the stupor that comes with hours of starring at charts, of the boredom and mental fog that envelope the mind while waiting for movement that seems to never come, for the confusion, anxiety and aggitations that develop when reading divergent opinions of others 'wanting to be right' on these threads and watching helplessly as the trade goes against them.

Rx: 0.5hz /50hz /100hz, 50-100ua, square biphasic harmonic wave.... delivered through the thalamus balancing and resetting neurtransmitter release... resulting in increases in serotonin and correction in (often lowering) cortisol productions. This might clear the streets of the vagrants and lifeless, the unmotivated on the welfare rolls... bringing the cortically depressed back to productivity... also works wonders in the forex environments.

Helps me sleep like a baby!!

If only Jack N. had this in "One Flew Over the Cuckoo's Nest", "The Shining" and "Anger Management".

I always like to attach a chart.... it resembles the brain waves of those who linger, loiter and litter in these forums. Still shows some life and a trend. LOL
Dr. D.
Attached Image
Quoting fourxtrader
...for all who suffer with the emotional stresses associated with failed achievement in Forex, for the stupor that comes with hours of starring at charts, of the boredom and mental fog that envelope the mind while waiting for movement that seems to never come, for the confusion, anxiety and aggitations that develop when reading divergent opinions of others 'wanting to be right' on these threads and watching helplessly as the trade goes against them.

[color=blue][i][color=red]Rx: 0.5hz /50hz...
I think you need a doctor Dr.D
The Thief of Wall Street
Grashid and Gammase1,


I'm not talking about M1 or my method, Your missing the BASIC, ie the trend is your friend, until this Thread and the majority of posters ( not you 2 specifically ) recognise and fix this will remain a dangerous thread for newbies.

This is a thread where people held a downtrend short for once, then when the trend turned up rather than switching sides/exiting you held all the way up, many of you trying to pick tops and repeatly shorting.

Why did you make this newbie error ?? because your head was so full of the predicted 1.5300 level, a prediction which is impossible to make and likely only had a 5% shot of actually happening before your hitting SL's.


How to profit from the market is SIMPLE RULES are :-

1. Don't make predictions, stay open minded.
2. View the Current direction, enter on a pull back with the direction.
3. Don't pick tops and bottoms.
4. Don't hold against the trend.
5. Forget H4 ( EOHater is doing above on M15 ), Forex is too fast and too changeable, unless your just reading the H4 tape live.
6. Forget reading Candle stick patterns, there is no stastical merit to them at all, they are randomly formed for the most part.

If you want to make good profits on Forex but don't like M1, read EOHaters " Trade what you see not what you think " thread, very similar but slower.

If you want to trade H4 charts, trade Stocks via a Spot account there slower and news doesn't pull them around 3 - 4 times per day!!



That is the basis of good trading, not drawing 100's of lines on a chart and thinking the market will go UP, wait and see what the markets doing then jump on it.

Keep hold of your charts and end of tommorow see how many are even in the slightest bit relevant, there won't be many then ask yourself the question, why bother!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Quoting Turveyd
What and 100's of lines over 100's of charts is considered meaningful, all suggesting the market will do different things ??

Go back and look at last weeks predictions, remember market to 1.5300 they worked well.

I don't care what TF you use it on ( EOHater does similar to me on M15 ), stop teaching people to guess, go with the trend and the flow trading is that easy, if you let it be!!
ok mister hindsight
click
on ur charts you`d be shitting your pants on any one retracement cuz it looks like rolling over every time it hits some temp resistance. i like to trade with hindsight to

dont bother responding
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
Quoting djambazov84
ok mister hindsight
click
on ur charts you`d be shitting your pants on any one retracement cuz it looks like rolling over every time it hits some temp resistance. i like to trade with hindsight to

dont bother responding

Errr no, my SL is generally the other side of the 200ema Peru line, sometimes if thats to far away then the other side of the 55ema white line.

Keep paying your fees to the J16 club, if you can't trade, tell people you can and show them how, for there money!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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