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Cable Update (GBPUSD)

  • #220,641
  • Apr 22, 2010 1:48pm Apr 22, 2010 1:48pm
Quoting Ineedpips9
nope. Just lost 10% of my account so I'm sitting out for a while and re-evaluating things to try to figure out why I loose on cable on 7 out of 10 trades.
Chart reading as wrong entry exit focus or / and bad money management as position size to big for account and Sl to large (over 2%).

I suggest you to never expose more the 6% of capital if you go whit multiple orders on the table .

Wish you the best.
"Fly Kite Fly!"
  • #220,642
  • Apr 22, 2010 1:52pm Apr 22, 2010 1:52pm
Quoting pipn aint ez
Hey guys ive seen a few charts that have an ATR indie giving the days range in pips in the corner...anybody have a good one to share?
THX in advance
show me what u want man
  • #220,643
  • Apr 22, 2010 1:57pm Apr 22, 2010 1:57pm
Quoting Ineedpips9
Nope. Not giving up. Always wanted to trade and now I'm finally doing it. Besides, after four years of job hunting after college and coming up short, really don't have a choice with all the time on my hands.Just wished I'd known about how bad the economy was gonna be at least two years ago so I wouldn't have spent all those frustrating days looking for a job and spent more on just learning to work for myself. Now that I've gotten a little experience I see I could've shorted cable and eur/usd and done pretty well.Owell lesson learned. I do wish cable...
4 Yrs of jobhunting? Is it that bad there? Well, I remembered at the end of 2008, I quadruple my account in just 1 month with just 5% risk until soros announces he stopped shorting GBP.. That is one among others the sweetest thing in my life. I don't think that will happen again not if we are in the verge of a ressession.

Anyway, maybe I'm just lucky that I found forex while I was doing my masters degree.. However, my journey in forex is not as smooth as I thought. I must admit, I lost about 30k in forex before I learn to trade properly..
  • #220,644
  • Apr 22, 2010 2:02pm Apr 22, 2010 2:02pm
Im looking for a pic Kill until i find one though im just looking for an indie that shows the days range and maybe the # of pips pair has moved for the day...

I saw one a few days back that had the info in top left corner of charts

ATR-135
today-103
  • #220,645
  • Apr 22, 2010 2:08pm Apr 22, 2010 2:08pm
Quoting Zulu
Chart reading as wrong entry exit focus or / and bad money management as position size to big for account and Sl to large (over 2%).

I suggest you to never expose more the 6% of capital if you go whit multiple orders on the table .

Wish you the best.
The problem(s) are evident. For chart reading, I use the 1H and sometimes 4H to see which direction I should be trading for the day. I then look at the 5M and 15M charts to find and entry/exit position.I use the Pivot_v3, IBFX Daily Pivots, forexsignalszulutrade, and the moving averages of 365,200,144,89,55, and 34 as my indicators/ma. I think tose usually give good entry, but exit is another story for me.

I only expose 1.5% of capital and usually have only one order open, sometimes two. In the past I've always had my stop loss at 25 pips and it was alway hit, only to go for profit had I still been in the trade. I put it at 50 to try to give it room to go back my direction, but never did.
  • #220,646
  • Apr 22, 2010 2:08pm Apr 22, 2010 2:08pm
here you go Is this an inverted head and shoulders? on the 4 hour or not? please explain
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #220,647
  • Apr 22, 2010 2:13pm Apr 22, 2010 2:13pm
Quoting pacha group
here you go Is this an inverted head and shoulders? on the 4 hour or not? please explain
Ahh.. I suppose you're saying a H&S in construction, right? Well, that's maybe be true if the price manage to trade sustainably above 5450.. Until that happen, we cannot assume that is a H&S.. imho..
  • #220,648
  • Apr 22, 2010 2:15pm Apr 22, 2010 2:15pm
like this maybe...i dont need all those stats though..
Attached Image (click to enlarge)
Click to Enlarge Name: _(t_s_r)-daily range calculator.gif Size: 27 KB
  • #220,649
  • Apr 22, 2010 2:23pm Apr 22, 2010 2:23pm
Quoting A-speculator
4 Yrs of jobhunting? Is it that bad there?
I came out of undergad in August '06, right before the crap hit the fan. I'm in eastern North Carolina and graudated from a very small division 3 private college here with a 2.6 gpa and a bachelors degree in Accounting and a bachelors in Business Administration (would've had another in either economics or finance had my school offered it). I've always wanted to work on wall street and planned to get an entry level position at a firm just to get my foot in the door.Then after 2-3 years get my mba to do some real damage.Since my school has no contacts whatsoever with anything to do with finance (but if you want to ride a tractor all day they gotcha back)I took a 9 hour bus ride there and pounded the pavement on my own. Nothing. Absolutely nothing.

Anyways, what was your masters in? I start my mba program this summer and economics bachelors ( I want to know on a quant level why I can't get a job)
  • #220,650
  • Apr 22, 2010 2:23pm Apr 22, 2010 2:23pm
Quoting pipn aint ez
like this maybe...i dont need all those stats though..
i think i have it i will post a few later on may be u are talking about signal bar indi
  • #220,651
  • Edited 2:39pm Apr 22, 2010 2:28pm | Edited 2:39pm
Quoting Ineedpips9
I came out of undergad in August '06, right before the crap hit the fan. I'm in eastern North Carolina and graudated from a very small division 3 private college here with a 2.6 gpa and a bachelors degree in Accounting and a bachelors in Business Administration (would've had another in either economics or finance had my school offered it). I've always wanted to work on wall street and planned to get an entry level position at a firm just to get my foot in the door.Then after 2-3 years get my mba to do some real damage.Since my school has no contacts...
I was an engineering student.. My masters was about stuctural repair, my thesis was about reinforced concrete repairs using carbon fibre reinforced polymer/CFRP (well, I better not go into detail.. I don't think this thread is about engineering, am I right? )

I learnt to trade the hard way,bro.. I bought all the books I can find in the bookstore. It was never easy..
  • #220,652
  • Apr 22, 2010 2:33pm Apr 22, 2010 2:33pm
Quoting bbakker
He will never notice.

The charts are simply posted with made up indies and lines. (Snow White, Girlfriend... WTF!) He never backs up his charts with a write-up so that people are left to interpret it for themselves. He likes to think he is a joker, but most of his jokes are not funny at all. I could go on, but I am already wasting my precious time.

Go through his history of posts and you will see what I mean... if you can be bothered. Now for the last time... Nuff said!

Endemic exposed and forum extricated.

Dr. D.
voodooboodoodoc
  • #220,653
  • Apr 22, 2010 2:34pm Apr 22, 2010 2:34pm
Not a bar indie Kill...ill try whatever you got though and thx again
  • #220,654
  • Apr 22, 2010 2:36pm Apr 22, 2010 2:36pm
ist this one


password=free_at_tsd
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 25 KB
Attached File(s)
File Type: ex4 #Signal_Bars_v7.ex4   44 KB | 231 downloads
  • #220,655
  • Apr 22, 2010 2:45pm Apr 22, 2010 2:45pm
Quoting A-speculator
I was an engineering student.. My masters was about stuctural repair, my thesis is about reinforced concrete repair using carbon fibre reinforced polymer/CFRP (well, I better not go into detail.. I don't think this thread is about engineering, am I right? )

I learnt to trade the hard way,bro.. I bought all the books I can find in the bookstore. It was never easy..
I hear ya. I've been reading almost everything I can get my hands on.Still looking for the best book on candlestick tech. analysis specifically for forex and anything that covers certain pairs and their actions.

Anyways, back on topic here. The hourly seems to be showing a little stall at yesterday's midpoint and is just above the 144 and 200 day ma.But on the 15M chart its just below the 144 and 200.With it being so close to the pivot point I'm wating to see if it goes back up to it or continues down.
  • #220,656
  • Apr 22, 2010 2:46pm Apr 22, 2010 2:46pm
kill I don't see the signals after i put the indicator on the chart
  • #220,657
  • Apr 22, 2010 2:50pm Apr 22, 2010 2:50pm
Quoting pacha group
kill I don't see the signals after i put the indicator on the chart
click on the indi from indicator list

click on inputs u will see password click on it and put the password

free_at_tsd

http://www.forex-tsd.com/tools-utili...l_bars_v7.html
  • #220,658
  • Apr 22, 2010 2:51pm Apr 22, 2010 2:51pm
Quoting Ineedpips9
I hear ya. I've been reading almost everything I can get my hands on.Still looking for the best book on candlestick tech. analysis specifically for forex and anything that covers certain pairs and their actions.
This is from my experience, it may sound crazy.. There is actually no best books/methods out there. There are a lot of things you have to develop by yourself. The books/methods you can find is only the literature review of what you are experimenting right now.. The experience in trading, the feel of the market can never be written in books as market are dynamic, in chaos and will never be the same.

Ok bro.. it's late here. If I'm unable to sleep, maybe I can post here and there.

Safe trade bro..
  • #220,659
  • Apr 22, 2010 2:51pm Apr 22, 2010 2:51pm
here we go Kill
Attached Image
  • #220,660
  • Apr 22, 2010 2:54pm Apr 22, 2010 2:54pm
The dow -- what a comeback!
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