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Cable Update (GBPUSD)

  • #217,041
  • Apr 13, 2010 9:41pm Apr 13, 2010 9:41pm
Quoting Magix
I am not looking for anything other then rocky waters until we finally complete the retrace.

The M30 200EMA is the MUST line. WE must touch this before we can improve by any sort of leaps and bounds or continue on with something that might be mistaken as a trend.

Scalping the hell out of this until I see what I need to see.

You shouldn't scalp it's bad for you... I always lose when I scalp..
  • #217,042
  • Apr 13, 2010 9:43pm Apr 13, 2010 9:43pm
Quoting forexlion
try this trade setup, amazing results

sma 2 to sma 60, total 59 lines on chart

compression is where u enter, expansion is where u exit
One more line Preet and you would not be able to see the chart , then you could use the flip a coin technique .

Lol

hope all is well
Blogging daily now at www.volume.zone
  • #217,043
  • Apr 13, 2010 9:45pm Apr 13, 2010 9:45pm
Quoting malcolmb14
One more line Preet and you would not be able to see the chart , then you could use the flip a coin technique .

Lol

hope all is well
Well then, at least you would have a 50/50 chance... But what happens if it is a double headed coin?
  • #217,044
  • Apr 13, 2010 9:46pm Apr 13, 2010 9:46pm
Quoting Ctic
Well then, at least you would have a 50/50 chance... But what happens if it is a double headed coin?

oh that is what has been going wrong !!!

I will do what i always do .... wait , get 3000 pip draw down and then sell at B/E
Blogging daily now at www.volume.zone
  • #217,045
  • Apr 13, 2010 9:49pm Apr 13, 2010 9:49pm
Quoting xPrav
where do i get the sma indicator for this setup?

on some trade stations this is called the Guppy Multiple. Can find more info on web by searching this key phrase.
I have no enemy; I make Incautiousness my Enemy.
  • #217,046
  • Apr 13, 2010 9:50pm Apr 13, 2010 9:50pm
Quoting malcolmb14
oh that is what has been going wrong !!!

I will do what i always do .... wait , get 3000 pip draw down and then sell at B/E
You did better than me then Mal.. I set my stop loss at 3000.1 pips. Wouldn't you know it went to 3000.2 pips and then went my direction for 10,000 pips.. I think my broker was stop loss hunting.
  • #217,047
  • Apr 13, 2010 9:52pm Apr 13, 2010 9:52pm
Quoting Ctic
You did better than me then Mal.. I set my stop loss at 3000.1 pips. Wouldn't you know it went to 3000.2 pips and then went my direction for 10,000 pips.. I think my broker was stop loss hunting.
I hate it when brokers stop hunt

the other day I went long at 1.5340 and placed stop at 1.5360 and it got filled right away .... brokers always hunt my stops.
Blogging daily now at www.volume.zone
  • #217,048
  • Apr 13, 2010 9:53pm Apr 13, 2010 9:53pm
Quoting malcolmb14
One more line Preet and you would not be able to see the chart , then you could use the flip a coin technique .

Lol

hope all is well
i posted 59 lines setup as a joke and everyone took it seriously

worst case they all ignored the template post i shared

you can also use this template given here http://www.forexfactory.com/showpost...stcount=217049
  • #217,049
  • Apr 13, 2010 9:58pm Apr 13, 2010 9:58pm
Quoting Ctic
Well then, at least you would have a 50/50 chance... But what happens if it is a double headed coin?
you can always choose to use 2 coins

http://www.random.org/coins/?num=2&c...decision-maker
  • #217,050
  • Apr 13, 2010 10:02pm Apr 13, 2010 10:02pm
Quoting xPrav
where do i get the sma indicator for this setup?
google cyrox rainbow mt4 ... this is kind of the thing that fl is talking about.

I bet if you look long enough you will find it.
Blogging daily now at www.volume.zone
  • #217,051
  • Apr 13, 2010 10:04pm Apr 13, 2010 10:04pm
Quoting malcolmb14
google cyrox rainbow mt4 ... this is kind of the thing that fl is talking about.

I bet if you look long enough you will find it.
  • #217,052
  • Apr 13, 2010 10:17pm Apr 13, 2010 10:17pm
Does this gartley make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: gartley.gif Size: 31 KB
  • #217,053
  • Apr 13, 2010 10:25pm Apr 13, 2010 10:25pm
Quoting forexlion
you can always choose to use 2 coins

http://www.random.org/coins/?num=2&c...decision-maker
LOL,

True Preet. The Hell with it... I will do it.. lol.
  • #217,054
  • Apr 14, 2010 12:28am Apr 14, 2010 12:28am
Quoting forexlion
kill or bbaker or magix can explain better
You crack me up sometimes, but really... sometimes these newbies can't tell the difference!
  • #217,055
  • Apr 14, 2010 12:32am Apr 14, 2010 12:32am
Quoting Magix
Preservation of gains, exercise caution around the 1440EMA on the hourly chart.

Has seemingly been a top resistance line.

  • #217,056
  • Apr 14, 2010 12:38am Apr 14, 2010 12:38am
Quoting Magix
I am not looking for anything other then rocky waters until we finally complete the retrace.

The M30 200EMA is the MUST line. WE must touch this before we can improve by any sort of leaps and bounds or continue on with something that might be mistaken as a trend.

Scalping the hell out of this until I see what I need to see.

Once it does break that trendline, longing all the way!
  • #217,057
  • Apr 14, 2010 12:40am Apr 14, 2010 12:40am
short 5420
  • #217,058
  • Apr 14, 2010 12:52am Apr 14, 2010 12:52am
Quoting bbakker
Once it does break that trendline, longing all the way!
Watch out for any fakeouts!
  • #217,059
  • Apr 14, 2010 12:55am Apr 14, 2010 12:55am
careful guys - fakeout!
  • #217,060
  • Apr 14, 2010 12:57am Apr 14, 2010 12:57am
Quoting free4440273
careful guys - fakeout!
Maybe 50 and then back down again!
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