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Cable Update (GBPUSD)

  • #187,921
  • Dec 16, 2009 5:42pm Dec 16, 2009 5:42pm
Quoting malcolmb14
Magix .... the interesting thing is that vsa does not apply to other charting techniques..... most tradesr when they see ultra high volume up bars think...
Missed the mark again...

Again...you are arguing the merits of your VSA. I think that if it makes you and others money, it is a fantastic system. I am not saying anything about that. The bone I pick is with your analysis and choice of wording.

There was no attack...so there was no test.

You can say it tested 1.8 but couldn't make it...

IF you want to attach value to ambiguous lines drawn by your system, of what benefit are they if your analysis of the chart is flawed?

Again...

I am not arguing direction, I am saying that your interpretation of your charts and charting system are not entirely correct...THIS DOES NOT SAY WE ARE GOING HIGHER OR LOWER.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,922
  • Dec 16, 2009 5:42pm Dec 16, 2009 5:42pm
Quoting Magix
Oh...and Mal...
http://www.forexfactory.com/search.p...nduser&u=93165

Shoulda taken me up on this one...I was off by a bit...

I sold off 6300 , long last night 6240 , just got out a little early.

I sued to think gu was horible to trade and traded gj , but nowe i have seen the light moves are somewhat predictable and easier than trading a cross....
Blogging daily now at www.volume.zone
  • #187,923
  • Dec 16, 2009 5:45pm Dec 16, 2009 5:45pm
Magix,

Hence the reason many of us do not post on this thread. Your views are completely wrong and quite amatuerish. You have been wrong on so many occassions, especially at trend reversal/continuation points.

I could show you many previous posts where you argued constantly with myself and a few others that price could not be predicted, follow the trend blah blah blah...followed by your complete silence after price has moved hundreds of pips (double digit account growth) in our/my favour 95% of the time lol.

If anyone wishes to do their research and backcheck through my posts feel free.

I would say that you are quite consistantly incorrect, however, I would not wish to stop you...the smart money welcomes discount Buy/Sell's achieved by those ill informed such as yourself driving price in the wrong direction.

Anyway, I'll leave this thread to the kids who like to brag about their gazzillion pips blah blah, best place for them...stops the other professional threads becoming contaminated with drivel.



Toodlepip kids, don't bother responding, I won't be reading anything on this thread.

PS Mal, appreciate your analysis and insight, please forgive the rant against a minority here.
  • #187,924
  • Dec 16, 2009 5:46pm Dec 16, 2009 5:46pm
Quoting malcolmb14
I sold off 6300 , long last night 6240 , just got out a little early.

I sued to think gu was horible to trade and traded gj , but nowe i have seen the light moves are somewhat predictable and easier than trading a cross....
Any trade we walk away green from is all good in my books brother.

I would gladly take +1 over -1 any given trade.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,925
  • Dec 16, 2009 5:50pm Dec 16, 2009 5:50pm
no you missed what i was showing you

if we break above resistance and then break back down below it i guess you call this a valid test as we failed the effort to break resistance . This is what I am interpretting about your post on tests .

1.6350 is also a strong resistance level on the charts....

so my question is does this mean we have a failed test of 1.6350 resistance and now a 2 hour close above this level indicates bull bias , and a 2 hour close under 6300 indicates a bear bias , and maybe inbetween is no mans land ?

maybe this daily explains better...6350 / 6200 is the containment box for now.

we may even rattle around in here till xmas .. who knows

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Quoting Magix
Missed the mark again...

Again...you are arguing the merits of your VSA. I think that if it makes you and others money, it is a fantastic system. I am not saying anything about that. The bone I pick is with your analysis and choice of wording.

There was no attack...so there was no test.

You can say it tested 1.8 but couldn't make it...

IF you want to attach value to ambiguous lines drawn by your system, of what benefit are they if your analysis of the chart is flawed?

Again...

I am not arguing direction, I am saying that your interpretation...
Blogging daily now at www.volume.zone
  • #187,926
  • Dec 16, 2009 5:51pm Dec 16, 2009 5:51pm
Quoting direct-trade
Magix,

Hence the reason many of us do not post on this thread. Your views are completely wrong and quite amatuerish. You have been wrong on so many occassions, especially at trend reversal/continuation points.

I could show you many previous posts where you argued constantly with myself and a few others that price could not be predicted, follow the trend blah blah blah...followed by your complete silence after price has moved hundreds of pips (double digit account growth) in our/my favour 95% of the time lol.

If anyone wishes to do their...

Buwahahahahaha...

Seasons best to you Direct

That being said, you really are a child...you reply is the equivalent to a child holding his hands over his ears and chanting "LA LA LA LA LA LA" to drown out the sound of response.

WTG mango, you really add a lot here now.

It is for guys like you that I have begun to post my live trades...

Where I get in, where I get out and count on the day...Sorry was busy in chat today working with a few others, didn't have time for the forum.

It still isn't good enough for you eh?

Whatever dude.

Keep on keep'n on.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,927
  • Edited 6:30pm Dec 16, 2009 5:58pm | Edited 6:30pm
Quoting malcolmb14
if we break above resistance and then break back down below it i guess you call this a valid test as we failed the effort to break resistance . This is what I am interpretting about your post on tests .
This is SPOT on.

The valid test statement.

There are a lot of new traders to market and a gazillion ways to trade, but having a basic fundamental understanding of charting and terminology is essential IMO.

Freely to move from method to method, you need to have a handle on the basics.

I like your analysis...I think it has merit and should not be discounted by any trader, new or pro to market, it was just the one issue I wanted to point out.

I have been working with a few traders in live chat and on messenger over the last couple of weeks, there can be confusion, beings how we are trading with others who speak English as a second language (and even some for those who it is the only one) with the phrases we use. Clarity is important.

That's all I wanted to clear up...

Sorry for all the Drama and having to get Direct Trade in here to chime in for no good reason.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,928
  • Dec 16, 2009 6:39pm Dec 16, 2009 6:39pm
Simple if you are patient to wait
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  • #187,929
  • Dec 16, 2009 7:00pm Dec 16, 2009 7:00pm
Am I missing something or is this a good setup for a long? Broke the flag, came back and tested the upper TL.
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"Timing Is Everything. Really I Swear It Is"
  • #187,930
  • Dec 16, 2009 7:10pm Dec 16, 2009 7:10pm
Quoting TexasforEX
Am I missing something or is this a good setup for a long? Broke the flag, came back and tested the upper TL.
I am waiting to see if we hold support on the hourly chart before I would go so far as to say we have opportunity. A breach or failure to hold this line could mean a lot lower.

But I too, see opportunity, but will wait for confirmation.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,931
  • Dec 16, 2009 7:15pm Dec 16, 2009 7:15pm
On Daily chart
the Arrow down = The candle pin the gap moving average
the chek sign = price failed to closed above the fib 89 level

conclusion in my way of seen this is more short bias...
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  • #187,932
  • Dec 16, 2009 7:19pm Dec 16, 2009 7:19pm
Quoting TexasforEX
Am I missing something or is this a good setup for a long? Broke the flag, came back and tested the upper TL.
We are all missing something the fact we can not predict what will happen in the next minute or even in the next second....

cheer

I think there is a good set up for long or short depending wich way price will move on ....
  • #187,933
  • Dec 16, 2009 7:20pm Dec 16, 2009 7:20pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting Lejumeau
On Daily chart
the Arrow down = The candle pin the gap moving average
the chek sign = price failed to closed above the fib 89 level

conclusion in my way of seen this is more short bias...
Just wondering... where'd u get the indicators on ur chart?
  • #187,934
  • Dec 16, 2009 7:25pm Dec 16, 2009 7:25pm
Quoting Lejumeau
We are all missing something the fact we can not predict what will happen in the next minute or even in the next second....

cheer

I think there is a good set up for long or short depending wich way price will move on ....
price movements can be forecasted to a good degree of accuracy , the hting that makes us have losses is our own minds and lack of patience.

I use something called vsa , the relationship of volume and candles. i cannot tell you what is going to happen next 5 min s , but vsa shows back ground and pros intent, The 180 pip up did not happen ' all of a sudden ' it started in the us session yesterday and ended in the us session , Asian session confirmed the entry at 6240
Blogging daily now at www.volume.zone
  • #187,935
  • Dec 16, 2009 7:28pm Dec 16, 2009 7:28pm
Quoting sloof
Just wondering... where'd u get the indicators on ur chart?
realy easy put down a moving average and ad the fib level sequence in the level tab and there you go you have real fib level in real time ...
the 24 and 28 EMA work great with the daily chart just look at it and see how many time the price came back to the EMA after reaching the third and fourth fib level I use 89,144,233,377 on the 28 EMA. dont put any level on th e24 just on the 28...

have fun
  • #187,936
  • Dec 16, 2009 7:30pm Dec 16, 2009 7:30pm
Quoting malcolmb14
price movements can be forecasted to a good degree of accuracy , the hting that makes us have losses is our own minds and lack of patience.

I use something called vsa , the relationship of volume and candles. i cannot tell you what is going to happen next 5 min s , but vsa shows back ground and pros intent, The 180 pip up did not happen ' all of a sudden ' it started in the us session yesterday and ended in the us session , Asian session confirmed the entry at 6240
totaly agree with you Mal just making the point that people seem to be so sure about market movement when nobody is realy sure what will happen otherwise we wouldn't be here posting..
  • #187,937
  • Dec 16, 2009 7:36pm Dec 16, 2009 7:36pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting Lejumeau
realy easy put down a moving average and ad the fib level sequence in the level tab and there you go you have real fib level in real time ...
the 24 and 28 EMA work great with the daily chart just look at it and see how many time the price came back to the EMA after reaching the third and fourth fib level I use 89,144,233,377 on the 28 EMA. dont put any level on th e24 just on the 28...

have fun
Thanks! I'll try it out

Btw, if you could actually predict what will happen within the next 5Min - 6Hrs for sure... what would you do =P
  • #187,938
  • Dec 16, 2009 7:42pm Dec 16, 2009 7:42pm
even if you have real volume or a real bull or bear rallye anything can happen in the next hour that will make the market move in another direction.

Market is moving from momentum that is create from all different source goverment, bank,chart, economic, atuality in different country anything can move the market depending on the way trader willl react to them.

I remember a news from the broker saying all the buy are pending at certain level and the next 15min all these pending buying just disapear.
market is driving by people and people can change ther mind realy fast.

I'm saying this for the newbies out there because I know that you all already know that

lets get some pip out of this market anyway.....
  • #187,939
  • Dec 16, 2009 7:45pm Dec 16, 2009 7:45pm
Quoting sloof
Thanks! I'll try it out

Btw, if you could actually predict what will happen within the next 5Min - 6Hrs for sure... what would you do =P
for every number you put on you have to put a negative one also like if you put 89 you have to put also -89

I put also 610 fib level

fib level is = 1-2-3-5-8-13-21-34-55-89- etc...
  • #187,940
  • Dec 16, 2009 7:50pm Dec 16, 2009 7:50pm
Quoting sloof
Thanks! I'll try it out

Btw, if you could actually predict what will happen within the next 5Min - 6Hrs for sure... what would you do =P
somebody who can predict the market 5 min before it happen would become the most powerfull man on earth
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