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Cable Update (GBPUSD)

  • #183,321
  • Nov 17, 2009 5:01am Nov 17, 2009 5:01am
O well Grabbed alot of pips and taking them and running so you're gonna have to steal them from someone else.GL
  • #183,322
  • Nov 17, 2009 5:09am Nov 17, 2009 5:09am
Quoting aswilled
Bears are rejected at the PP. Nice hammer
here comes the 50 and s/r
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,323
  • Nov 17, 2009 5:11am Nov 17, 2009 5:11am
Hi, I need help, can you tell me do yo know any person who can make EA for me or if you know where I can bay it. I need a simple EA that take 10 pips in tp, and no trailing stop or stop. I am working Anti-Hedging Strategy,for ex. I am short eur/jpy and it is goes up for 50 pips, I will not close it i will open again short but now with 1,59 more value of pips, if it goes again 50 pips up I will open new short, now with 1.59 more value of pips then previous.
I need EA without indicators, only opening and closing price with Anti-Hedging Strategy.
  • #183,324
  • Nov 17, 2009 5:11am Nov 17, 2009 5:11am
Quoting Fly2
O well Grabbed alot of pips and taking them and running so you're gonna have to steal them from someone else.GL
Hi .
Can you advise where you see it to bottom today.
thanks.
  • #183,325
  • Nov 17, 2009 5:17am Nov 17, 2009 5:17am
Quoting newnew
Hi, I need help, can you tell me do yo know any person who can make EA for me or if you know where I can bay it. I need a simple EA that take 10 pips in tp, and no trailing stop or stop. I am working Anti-Hedging Strategy,for ex. I am short eur/jpy and it is goes up for 50 pips, I will not close it i will open again short but now with 1,59 more value of pips, if it goes again 50 pips up I will open new short, now with 1.59 more value of pips then previous.
I need EA without indicators, only opening and closing price with Anti-Hedging Strategy.
Forget it, mate.
  • #183,326
  • Nov 17, 2009 5:18am Nov 17, 2009 5:18am
Quoting aswilled
here comes the 50 and s/r
Its stuck between the PP and the 50. Its probably stay there till the us econs come in.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,327
  • Nov 17, 2009 5:20am Nov 17, 2009 5:20am
Quoting gammase1
Forget it, mate.
I have one now it gave me big profit about 80% a month but I need to pay a lot of money if i want to get it, this was trial.
  • #183,328
  • Nov 17, 2009 5:22am Nov 17, 2009 5:22am
Quoting newnew
I have one now it gave me big profit about 80% a month but I need to pay a lot of money if i want to get it, this was trial.
Through adding to losing positions? What happens when market doesn't range, but price collapses? You'll be wiped out, unless you have a dollar printing machine handy.

Over how many years have you back-tested your strategy? How did it perform from summer 2008 in, say, EURJPY? Or cable in August 2008?
  • #183,329
  • Edited 5:25am Nov 17, 2009 5:23am | Edited 5:25am
da previous chart ..

http://www.forexfactory.com/showpost...stcount=183225

this is my view at glance

Attached Image (click to enlarge)
Click to Enlarge Name: slightly view.JPG Size: 253 KB


"just" a c0ns0lidati0n bef0re breaching new high 4m0nths peri0d
t0lerance whenever she's still inside that silly f0rk

happy pipping f0lks
spirit 0f pipping
  • #183,330
  • Nov 17, 2009 5:29am Nov 17, 2009 5:29am
Quoting paromi
i blowed my account..
Sounds drastic! I started off with a piece of software which told me what to do. Yea that was a bit of a lottery; no mechanical dtat processing machine can churn out winners. If it did then everyone would have bought one not only suckers like me!
Then I began to read as much as I could. Borrow, steal manuals, scour the internet. There is a lot of good reading material and cds and if you look in the right places they don't cost much.

If any trader says they got the system cracked then they are talking ballshit. Only good planning and chart reading reading plus excellent money management will eventually nett you some decent income. I talk from experience having blown £2,000 on my first entry into Forex. I'm clawing that back steadily. Risk to Reward ratios is another thing to look for; work on at least a 2:1 risk reward ratio but aim for at least 3:1.
Trading must be looked on as a business even it's a hobby.
Ok enough preaching.. I'm off to make coffee and read some more manuals

Good trading

Chum
  • #183,331
  • Nov 17, 2009 5:30am Nov 17, 2009 5:30am
Quoting aswilled
Its stuck between the PP and the 50. Its probably stay there till the us econs come in.
The range looks to be 38 to 50. 8 am est. get ready.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,332
  • Nov 17, 2009 5:33am Nov 17, 2009 5:33am
Quoting Chumbawunga
Sounds drastic!...
Spoken like trader of currencies.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,333
  • Nov 17, 2009 5:33am Nov 17, 2009 5:33am
Quoting paromi
i blowed my account..
i hope u mean the account balnce is up
  • #183,334
  • Nov 17, 2009 5:34am Nov 17, 2009 5:34am
Quoting w4rrenminded
da previous chart ..

http://www.forexfactory.com/showpost...stcount=183225

this is my view at glance

Attachment

"just" a c0ns0lidati0n bef0re breaching new high 4m0nths peri0d
t0lerance whenever she's still inside that silly f0rk

happy pipping f0lks
Looks more like a Piccaso to me. Probably be able to sell it for millions at an art auction.
Only kidding thanx for the info.. Actually I'm jealous, can you draw free hand on MT4.
Word of advice stop using the 0 when you mean to use o it's well off putting.
  • #183,335
  • Nov 17, 2009 5:35am Nov 17, 2009 5:35am
Quoting gammase1
Through adding to losing positions? What happens when market doesn't range, but price collapses? You'll be wiped out, unless you have a dollar printing machine handy.

Over how many years have you back-tested your strategy? How did it perform from summer 2008 in, say, EURJPY? Or cable in August 2008?
See this http://www.mt4i.com/users/niceone1
  • #183,336
  • Nov 17, 2009 5:40am Nov 17, 2009 5:40am
Quoting newnew
See this http://www.mt4i.com/users/niceone1
Nice results, but all achieved in a ranging market over a short period of time. As I said previously, your strategy will work very well in ranging markets, but will totally wipe you out in the event of a big move in price, particularly if you have, for example, an EA executing buy orders at every 50 pips during a 800 pip daily fall in the price, which has happened in this pair. How does your EA recognise when the markets change from ranging to trending?

And how many years have you included for your back-testing of this strategy? Have you tested the huge drop in EURJPY from summer of 2008? You can't extrapolate the results achieved in a 3 month period to assume profits over the long-term.
  • #183,337
  • Nov 17, 2009 5:43am Nov 17, 2009 5:43am
Quoting gammase1
Nice results, but all in a ranging market over a short period of time. As I said previously, your strategy will work very well in ranging markets, but will totally wipe you out in the event of a big move in price, particularly if you have, for example, an EA executing buy orders at every 50 pips during a 800 pip daily fall in the price, which has happened in this pair. How does your EA recognise when the markets change from ranging to trending?

And how many years have you included for your back-testing? Have you tested the huge drop in EURJPY...
when the yen collapses he may get to test his system live! I hope it incorporates a SL somewhere!
  • #183,338
  • Nov 17, 2009 5:46am Nov 17, 2009 5:46am
Quoting PipLand
when the yen collapses he may get to test his system live! I hope it incorporates a SL somewhere!
Hey Pipland,

Long time! How's it going?

He didn't mention any s/l in his strategy, so he will eventually be wiped out.

Did you read about David Einhorn's (the guy who predicted the fall of Lehman) prediction regarding Japan's dire fiscal position? He is of the opinion that, with public sector debt at 200% of GDP, they may have now passed the point of no return, meaning a major currency crisis potentially looms. In response to this, CDS prices for the cost of insuring JGBs have doubled in recent weeks.

All the best, Paul
  • #183,339
  • Nov 17, 2009 5:52am Nov 17, 2009 5:52am
Quoting w4rrenminded
da previous chart ..

http://www.forexfactory.com/showpost...stcount=183225

this is my view at glance

Attachment

"just" a c0ns0lidati0n bef0re breaching new high 4m0nths peri0d
t0lerance whenever she's still inside that silly f0rk

happy pipping f0lks
With all due respect, how on earth do you trade off that chart? It has 1 million and 1 things going on.

It's great to see a collective mix though, I must admit.
  • #183,340
  • Nov 17, 2009 5:55am Nov 17, 2009 5:55am
Quoting gammase1
Through adding to losing positions? What happens when market doesn't range, but price collapses? You'll be wiped out, unless you have a dollar printing machine handy.

Over how many years have you back-tested your strategy? How did it perform from summer 2008 in, say, EURJPY? Or cable in August 2008?

PAUL that is not fair..August 2008? would have killed any1..i know this cause i tried it

u know the answer already.. good question
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