Cable Update (GBPUSD) | Page 9091 | 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)

  • #181,801
  • Nov 9, 2009 4:42pm Nov 9, 2009 4:42pm
Quoting Reznik
From the look of things... U both got two different techniques. Bones trade the Long TF and Magix, U trade in the Short ones 1min TF. So keep the your Guns off this Blogggggggg
What?

I cannot post because I trade off of different charts?

Surely you must be joking.

Maybe check the last chart I did post. See what happened when my chart said it would. Read past that how many were going short still...

I honestly can't figure you people out.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,802
  • Nov 9, 2009 4:43pm Nov 9, 2009 4:43pm
Quoting wormboy
I can prove you wrong on so many levels.
We have been through this many times turv. You wanna promote your M1, by all means do it, you wanna be the messiah go ahead. But, you wanna go easy with the no one makes money off H4 statement, it's misleading.
I never said that, it becomes nearer to a 50/50 game very near read 53% win / 47% lose IF your very very good, the amount of control / edge you have with H4 charts is minimal!!

The plus side is, if your losing but okay ish then your 53% lose, 47% win at worst so you lose your account slower.

M1 gives you the ability to micro manage and win at 90% ( If your good ), or lose at 90% ( if your bad ) and everything in between.



It's simple maths.

You'll make alot more money trading Stocks via a spot account using D1 charts than you would trading Forex of H4 ( Market only open for 8hours so kinda a cheat ), Forex it to reactive to news events for the kinda trading your doing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,803
  • Nov 9, 2009 4:44pm Nov 9, 2009 4:44pm
Quoting Bones
I did post that cause I felt you unfairly had a go at Nav when your charts are far worse (sorry to be honest),I encourage everyone in this room to post charts ,thoughts ,right or wrong ,its the only way ,just as Nav does
Unfairly?

He told a guy who was in account jeopardy to hold his trade for 2 more weeks. No chart, No analysis, NOTHING....

This bicker session started because I had rather sternly suggested that he should be cautioning others with money management rather than forecasts.

NAV EVEN AGREED...READ HIS FOLLOWING POST.
http://www.forexfactory.com/showthre...36#post3214436
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #181,804
  • Nov 9, 2009 4:44pm Nov 9, 2009 4:44pm
Quoting Bones
I dont like it Azim ,at all ,lol
Im gonna think about it for an hour lol
damn .. you gonna rethink? lol
I'm holding long. Strong close on cable daily by the looks of it. what you reckon?
Thank You
  • #181,805
  • Nov 9, 2009 4:45pm Nov 9, 2009 4:45pm
Quoting Reznik
From the look of things... U both got two different techniques. Bones trade the Long TF and Magix, U trade in the Short ones 1min TF. So keep the your Guns off this Blogggggggg

What Blog ??

Why should Magix / Me stay off this forum yes you have a different view but we are the ones making the pips ( well if I had time ) and you lot are the ones who've been playing shorts pretty much only in a 1000pip up move.

Also this is a GBPUSD Thread, there are no H4 only rules the point is to make $$$'s / Pip's the best way to do this is kinda whats important.

Go think on that!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,806
  • Nov 9, 2009 4:47pm Nov 9, 2009 4:47pm
dollar index h4 chart with suggested probable bounces

cable chart with nothing in mind cuz its being crazy past few weeks even though we are still in the same old range for months now

i`m flat

so you make your judgements for yourselves
equities and cable are super choppy to say the least so i try to only get a super general direction from gold and equities but i only want to trade what i see on chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 134 KB
Click to Enlarge Name: gu.jpg Size: 86 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #181,807
  • Nov 9, 2009 4:49pm Nov 9, 2009 4:49pm
Quoting Magix
Unfairly?

He told a guy who was in account jeopardy to hold his trade for 2 more weeks. No chart, No analysis, NOTHING....

This bicker session started because I had rather sternly suggested that he should be cautioning others with money management rather than forecasts.

NAV EVEN AGREED...READ HIS FOLLOWING POST.
http://www.forexfactory.com/showthre...36#post3214436

I missed that, hold for 2 weeks we are supposed to be traders not HOPERS, Trading means taking actions, getting in and out making judgement calls rightly or wrongly, not just waiting and see if you account gets a margin call or you make money eventually.

The last person to short at the top of GU >2.1000 area would you of been telling him to HOLD all the way down to 1.35 area to I wonder ??


Simple rules #1 being " NEVER HOLD AGAINST THE TREND " If you can't even grasp that then just what is the point.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,808
  • Nov 9, 2009 4:52pm Nov 9, 2009 4:52pm
Quoting wormboy
I can prove you wrong on so many levels.
We have been through this many times turv. You wanna promote your M1, by all means do it, you wanna be the messiah go ahead. But, you wanna go easy with the no one makes money off H4 statement, it's misleading.


For all i know, Math Stat and in Physic... All body tends continue in motion or remain static unless an external force compells it otherwise. So if U are in an upward trend in 1min TF for 4hours, then U also watched a 4hour candle formation....

And in the time frames, the shorter the TF U trade the more risk U accept.
So 1min TF trader = Momemtum Investor... Lehman Broth, Salomon.
And 4h TF traders = Value oreinted Investors... Warren B.

Please do make your choice....
  • #181,809
  • Nov 9, 2009 4:54pm Nov 9, 2009 4:54pm
Quoting Reznik
For all i know, Math Stat and in Physic... All body tends continue in motion or remain static unless an external force compells it otherwise. So if U are in an upward trend in 1min TF for 4hours, then U also watched a 4hour candle formation....

And in the time frames, the shorter the TF U trade the more risk U accept.
So 1min TF trader = Momemtum Investor... Lehman Broth, Salomon.
And 4h TF traders = Value oreinted Investors... Warren B.

Please do make your choice....

you gotta give me some of what ur smoking! you must share
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #181,810
  • Nov 9, 2009 4:54pm Nov 9, 2009 4:54pm
Quoting Turveyd
I never said that,...

Okay. But that is your opinion. I can respect that as much as I can rebuke your claims. I have a trade journal where my trades are assisted with charts before or at the times the trades are taken. Not after.
I have variable use of timeframes but I do use high tf. Would like to add this so that people could view the trades taken off the high tf and the level of accuracy it can produce. I'm sure the good people here can judge for themselves without us having to make a lot of noise.
Proper risk management is what makes a trader profitable.
Thank You
  • #181,811
  • Nov 9, 2009 4:56pm Nov 9, 2009 4:56pm
Quoting Reznik
For all i know, Math Stat and in Physic... All body tends continue in motion or remain static unless an external force compells it otherwise. So if U are in an upward trend in 1min TF for 4hours, then U also watched a 4hour candle formation....

And in the time frames, the shorter the TF U trade the more risk U accept.
So 1min TF trader = Momemtum Investor... Lehman Broth, Salomon.
And 4h TF traders = Value oreinted Investors... Warren B.

Please do make your choice....
There is no more risk in a shorter TF system pip is a pip after all what you decide to risk per pip is entirely upto you.

The issue though is you lot are using H4 charts to actually trade momemtum style very few of you are doing multiple day / week swing trades.

Also as said, Forex is to news pulled around it rarely holds a trend for long as there are news and trend reversals generally 3 times per day, Forex is not the place for a H4 strategy, STOCKS STOCKS STOCKS!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,812
  • Nov 9, 2009 4:58pm Nov 9, 2009 4:58pm
Quoting Magix
What?

I cannot post because I trade off of different charts?

Surely you must be joking.

Maybe check the last chart I did post. See what happened when my chart said it would. Read past that how many were going short still...

I honestly can't figure you people out.


There are all different... Just give the signals LONG or SHORT. Thank U
  • #181,813
  • Nov 9, 2009 4:59pm Nov 9, 2009 4:59pm
Quoting wormboy
Okay. But that is your opinion. I can respect that as much as I can rebuke your claims. I have a trade journal where my trades are assisted with charts before or at the times the trades are taken. Not after.
I have variable use of timeframes but I do use high tf. Would like to add this so that people could view the trades taken off the high tf and the level of accuracy it can produce.
Proper risk management is what makes a trader profitable.

Whats you win / loss ratio then ??

How often do you drop below ?? or do you watch the price live via a H4 chart and make calls off the actual prices direction ?? Or do you wait for each H4's close and make a decision for instance.


Without studying your trade log I can't work out your exact trade method.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,814
  • Nov 9, 2009 5:00pm Nov 9, 2009 5:00pm
it looks like in this thread now ppl are doing war then making anlysis

wish you all happy pips
and good luck GUYS

before i leave just remember "Leverage is poison""
take care guys
Don't compare your Trades with Others
  • #181,815
  • Nov 9, 2009 5:05pm Nov 9, 2009 5:05pm
Quoting DubaiFX
it looks like in this thread now ppl are doing war then making anlysis

wish you all happy pips
and good luck GUYS

before i leave just remember "Leverage is poison""
take care guys

We are merely trying to make the analysis make sense, anaylsis where people are shorting all the way up a 1000pip up move due to a bearish bias isn't good anaylsis.

Sorry, we are not the bad guys here we are trying to help!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,816
  • Nov 9, 2009 5:09pm Nov 9, 2009 5:09pm
There are so many misleading 'absolute' statements of late in this thread
The following are facts
1. It is your own trading edge and your ability to execute it with impunity (these are not necessarilly mutually exclusive) that determines your historical strike rate (ie % of winning trades of total trades) and a strike rate is always historical...there is nothing to sugggest that a 1min is 90%per say and a 4hr is 53% as TurveyD suggests. A profitable trading edge can be derived from a low strike rate with high reward to risk or a high strike rate with less ambitious reward:risk, or something in the middle.

2. Trading on the smaller t/f's does not neccessarily carry more risk, although price action is proven to be less reliable on the lower time frames.

3. Prediction is futile, as is allowing fundamental viewpoints to interefere or otherwise impede the execution of a technical trading edge. Trade your edge, that is all you need to do.

4. A technical trend occurs because there are more buyers than sellers-uuptrend -or- more sellers than buyers-downtrend, this is all you need to know about how a trend forms in executing a technical trading edge.

5. Price action and support/resistance are the only 2 constants in tech trading....the most consistently profitable technical edges are based on the confluence of these 2 factors across whatever time frames.

6. Leverage is a powerful tool when optimised to the known historical strike rate of the trading edge you employ.

7. There is no absolute right or wrong way to trade.
G/L with your trading.
ex member
  • #181,817
  • Nov 9, 2009 5:13pm Nov 9, 2009 5:13pm
There is no doubt that those who were shorting the move for a complete reversal target up from 5707 then 6260 to current highs @ 6842 ignored the growing technical trend evidence that spread up the time frames in favour of a misguided biais held. I say this as one who trades both trend and counter-trend but I rarely hold counter-trend trades unless the price action on the subsequently higher t/f's up from my trigger bears out that holding may gain more pips....generally I like to do so in these circumstances with stop at B/e entry level.


G/L
ex member
  • #181,818
  • Nov 9, 2009 5:14pm Nov 9, 2009 5:14pm
Quoting bbmac
[size=2]There are so many misleading 'absolute' statements of late in this thread
The following are facts
1. It is your own trading edge and your ability to execute it with impunity (these are not necessarilly mutually exclusive) that determines your historical strike rate (ie % of winning trades of total trades) and a strike rate is always historical...there is nothing to sugggest that a 1min is 90%per say and a 4hr is 53% as TurveyD suggests. A profitable trading edge can be derived from a low strike rate with high reward to risk or a high strike...
1. 90% is best and 53/47 is based on your general 200SL 200TP 4H trading style.
2. Disagree it's more accurate the way I view it, much more but I'm trading for smaller moves.
3. Agree 100%
4. Agree 100% to.
5. kinda I have a different view more based on supply and demand and Bank trading systems
6. Yep
7. Yep, but there are also a lot of ways to trade which will never work well.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #181,819
  • Nov 9, 2009 5:15pm Nov 9, 2009 5:15pm
Hi all,
@dubai fx u still short cable?

i changed my view today and think we get a reverse all over ( i trade daily and h1), may i wrong but i short usd and jpy across the board against the majors.
im not really good in drawing trend-lines and stuff at all ( still learning) so i will not make any confusing charts here.
wish me luck and wise exits xD
regards
  • #181,820
  • Nov 9, 2009 5:17pm Nov 9, 2009 5:17pm
Quoting bbmac
There is no doubt that those who were shorting the move for a complete reversal target up from 5707 then 6260 to current highs @ 6842 ignored the growing technical trend evidence that spread up the time frames in favour of a misguided biais held. I say this as one who trades both trend and counter-trend but I rarely hold counter-trend trades unless the price action on the subsequently higher t/f's up from my trigger bears out that holding may gain more pips....generally I like to do so in these circumstances with stop at B/e entry level.


G/L...

I try to never ever trade Counter trend trades, there odds are low and it's too easy to get trapped with no exit strategy hoping for a reversal which is costly.

My OWNLY loss seriously was a Counter Trend trade got bored was having a mess and put a huge dent in my account, thats how careful I've been over my entries and never a SL over 20pips!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
315 traders viewing now, 3 are registered:
,
,
Atadin