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Cable Update (GBPUSD)

  • #204,981
  • Edited 9:11pm Mar 10, 2010 8:45pm | Edited 9:11pm
Did you go short here and are expect the same collapse as we have seen over the last couple days?

You might be surprised.

24SMA 1hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: notyet.jpg Size: 107 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #204,982
  • Mar 10, 2010 8:58pm Mar 10, 2010 8:58pm
Quoting Magix
I have watched several of your posts, a lot include your plays, the bulk asking for what to do.

My friend...you are setting yourself up for fail.

In all honesty, I hope you are trading a demo account, but really don't think this is the case. I do believe that you should take some time, do some reading and start analyzing the charts. This will be your only market stability and will be the only thing that can offer you any longevity.

Price action seems to elude you, feel no shame, most of us started the same place, but your continued posts asking...
Good advise. learn your charts first get a feel for what YOU are doing. Although it can be very helpful to listen to other perspectives and rational taking other peoples calls leaves no room for your improvement and if you wanna last its a journey of lessons making other peoples mistakes means you dont learn what you can or cant do.

lion i had 2 positions short both from yesterdays highs at around 980 they were both green but i have just closed 1 on the fall back to 950. moved sl to break even on the second and looking for the fall back dwn to 900-880 region. the last few days have seen me loose more than 4, 60 pip trades as my s/l was triggered for a profit of 10 pips (better than nothing hay) those were all on long moves awaiting that strong rebound that began to take off but didnt take flight. although im short i am looking for longs to get in. gbp seems to be firming up and after the weekly pin and daily hammers i think a bounce is on its way.
  • #204,983
  • Mar 10, 2010 9:04pm Mar 10, 2010 9:04pm
Quoting Magix
Went short, and are expecting the same collapse as we have seen over the last couple days?

You might be surprised.

24SMA 1hr chart.
Hi Magix, can you please tell me the reason why you short now ? I see that on 1H candle not yet crossed MA24 from above to bottom ? are you short because of the fibo reach short @ 1.4957 ? I see that OSMA is heading down, but MACD still flat after pointing up. Thanks for reply.
  • #204,984
  • Mar 10, 2010 9:08pm Mar 10, 2010 9:08pm
Quoting jacob
Hi Magix, can you please tell me the reason why you short now ? I see that on 1H candle not yet crossed MA24 from above to bottom ? are you short because of the fibo reach short @ 1.4957 ? I see that OSMA is heading down, but MACD still flat after pointing up. Thanks for reply.
No sir...

Not short here.

Just went long.

What I was saying is that a lot of folk will sell on a dip, but fail to recognize support in doing so.

I have seen a quite a few folk buying long spikes and selling short spikes.

My question was posed as a, Have you...and did you see.

We may go short from here, and if we do, this is the last line of support, so, I will be fair to quick on the trigger, but...

We came up to this line and have failed to close below...seems like a decent risk for me on a long.

Changed wording to avoid confusion.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #204,985
  • Mar 10, 2010 9:08pm Mar 10, 2010 9:08pm
Magix, thanks for your kind words of advice.

If i wipe this small acct i will take you up on ur offer!

I am short too, so lets see!!

LOL
  • #204,986
  • Mar 10, 2010 9:13pm Mar 10, 2010 9:13pm
Quoting alex1976
Magix, thanks for your kind words of advice.

If i wipe this small acct i will take you up on ur offer!

I am short too, so lets see!!

LOL
I went long.

I offered nothing but advice.

I realize with all the good that the thread can offer there are still the odd that will not take advantage...

For those, I feel sorry.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #204,987
  • Mar 10, 2010 9:16pm Mar 10, 2010 9:16pm
Quoting alex1976
Magix, thanks for your kind words of advice.

If i wipe this small acct i will take you up on ur offer!

I am short too, so lets see!!

LOL
You could use this chart. See the dotted line.
Start of each Asian session past two days...
into the dumpster and then a recovery thru the NY.

Dr. D.
Attached Image
  • #204,988
  • Mar 10, 2010 9:16pm Mar 10, 2010 9:16pm
Quoting Magix
No sir...

Not short here.

Just went long.

What I was saying is that a lot of folk will sell on a dip, but fail to recognize support in doing so.

I have seen a quite a few folk buying long spikes and selling short spikes.

My question was posed as a, Have you...and did you see.

We may go short from here, and if we do, this is the last line of support, so, I will be fair to quick on the trigger, but...

We came up to this line and have failed to close below...seems like a decent risk for me on a long.

Changed wording to avoid confusion.
Thanks Magix, I was getting confused looking at my chart Short???

I would like to see nice move up before end of the week but if forexlion stop shorting then we might have chance .

GL.
  • #204,989
  • Mar 10, 2010 9:17pm Mar 10, 2010 9:17pm
Quoting Magix
No sir...

Not short here.

Just went long.

What I was saying is that a lot of folk will sell on a dip, but fail to recognize support in doing so.

I have seen a quite a few folk buying long spikes and selling short spikes.

My question was posed as a, Have you...and did you see.

We may go short from here, and if we do, this is the last line of support, so, I will be fair to quick on the trigger, but...

We came up to this line and have failed to close below...seems like a decent risk for me on a long.

Changed wording to avoid confusion....
Thanks for the explanation, I got what you mean. I learn using your trading method for quite a time already, also I learn a lot from forexlion trading method. Thanks for all the good work.
  • #204,990
  • Mar 10, 2010 9:24pm Mar 10, 2010 9:24pm
Apologies for the confusion.

Long day, big dinner, couple cold beer, I might be a little hazy.

Thanks for those who responded, and questioned my last words.

urp...

Good luck on the evening.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #204,991
  • Mar 10, 2010 9:34pm Mar 10, 2010 9:34pm
And I prefer to trade off of charts that give clear direction following
a release off of a tight compression or a collapse off of a bubble.

Dr. D.
Attached Images
  • #204,992
  • Mar 10, 2010 9:35pm Mar 10, 2010 9:35pm
Quoting alex1976
I can finally say all this banter is confusing me and im getting whipsawed to death.

I was long, it went against me, 28 pips, i saw lions post and i was like maybe its short and the hammer is bullshit!

So i closed that, then opened a short, which now has gone against me, and now the daily hammer may look good!!!

You have to be very disciplined to follow your system when so many other "accredited" traders are going against your "trend" of thought...


Honestly always when i leave this thread, my trading results always go up....
that ever happen to me too..,i'm Long i loss 50 pips, suddenly i go short and guest, i lose 50 pisps too... feels like i'm the most stupid person being tricked by the market...
but that's when i was in Demo...,now in Live.., hemm...never...

if i change long to short so quick that's mean i don't have good plan enough to enter the market. no SL calculation, no target calculation. that's just the same word, no plan. no plan and no plan.
to make sure i didn't do that again, now i don't play "click" order..,i use Limit order for plan A, Stop order for plan B... Delete all order + Shut Down my computer for plan C

hope the best for you there..,have a good plan ( have a good day i mean.. )
I will be the number one Manager.
  • #204,993
  • Mar 10, 2010 10:38pm Mar 10, 2010 10:38pm
Quoting javapips
that ever happen to me too..,i'm Long i loss 50 pips, suddenly i go short...
use this to decide whether to long or short

http://www.random.org/coins/?num=1&c...decision-maker

works well for me

see results, 100% win rate !!! ( out of 145 trades, 145 in profits )

https://www.zulutrade.com/TradeHisto...aspx?pid=12759
  • #204,994
  • Mar 10, 2010 10:51pm Mar 10, 2010 10:51pm
Hi all,
feels gd to be back on FF
Hope to benefit from all the experianced traders out there.
Happy trading
  • #204,995
  • Mar 10, 2010 10:54pm Mar 10, 2010 10:54pm
Wow Forexlion more than 2k pips in march.

good job

got to catch up with u guys, i tend to close my trades too soon.
  • #204,996
  • Mar 10, 2010 11:01pm Mar 10, 2010 11:01pm
Quoting anika123
Wow Forexlion more than 2k pips in march.

good job

got to catch up with u guys, i tend to close my trades too soon.
anika of all the experts the best one i ever found is Sean Hyman

i always follow his advice

he has a lovely moon
Attached Image
  • #204,997
  • Mar 10, 2010 11:13pm Mar 10, 2010 11:13pm
Quoting Magix
I went long.
Here you go. 25+ pips on your call.

Dr. D.
Attached Images
  • #204,998
  • Mar 10, 2010 11:25pm Mar 10, 2010 11:25pm
Quoting fourxtrader
Here you go. 25+ pips on your call.

Dr. D.
WHEW!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #204,999
  • Mar 10, 2010 11:33pm Mar 10, 2010 11:33pm
Quoting Magix
WHEW!

We need to play a flash card game here...
I show a compression chart that is about to form
which in my opinion is always accompanied by a
momentum push and then after reviewing your
four MTF charts you draw an arrow... up or down.

Then we can spend our leisure time reading Malcolmb's posts.

Dr. D.
  • #205,000
  • Mar 10, 2010 11:37pm Mar 10, 2010 11:37pm
Quoting forexlion
use this to decide whether to long or short

http://www.random.org/coins/?num=1&c...decision-maker

works well for me

see results, 100% win rate !!! ( out of 145 trades, 145 in profits )

https://www.zulutrade.com/TradeHisto...aspx?pid=12759
i don't know what side that about? i'm stupid in flipping....

BTW is that true? 145 trade and all win?

so this day i hope not be the 'first'..., take care with your short..
I will be the number one Manager.
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