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Cable Update (GBPUSD)

  • #223,001
  • Apr 30, 2010 7:11am Apr 30, 2010 7:11am
Just my 2 penneth for what it is worth.
This produces results for me 99% of the time

Setup a 15 minute chart with:

10 EMA
25 EMA
50 EMA

Entry: when the 10 EMA crosses the 25 and the 50 enter in the direction of the move. Place your order as soon as the price crosses but wait until the next candle opens this will help you to avoid false trades.
  • #223,002
  • Apr 30, 2010 7:12am Apr 30, 2010 7:12am
Quoting Bull_Bear
Fr3, mate you don't have to jusify your trading methods and methodology to anymore thats trying to put you down. Know one thing, as long as you are making pips thats what counts.
I never tried to put him down initially. I asked him a valid question as he posted twice with reference to the Mayan calendar. Maybe due to his poor English, which is understandable being a foreigner, I did not detect any hint of sarcasm. That is what the smilie is there for so that people can tell the difference. I never put him down initially but with his response, I retorted and now I have made my decision.

This is a free world, a free forum and people can post what they like. The beauty is that I can also use the ignore button when I see fit.
  • #223,003
  • Apr 30, 2010 7:14am Apr 30, 2010 7:14am
Quoting marbellafx
Just my 2 penneth for what it is worth.
This produces results for me 99% of the time

Setup a 15 minute chart with:

10 EMA
25 EMA
50 EMA

Entry: when the 10 EMA crosses the 25 and the 50 enter in the direction of the move. Place your order as soon as the price crosses but wait until the next candle opens this will help you to avoid false trades.
Thank you for your 2 penneth. A far more useful contribution to a lot of other BS I see on this thread. Have a great day and lets bag some greenies!
  • #223,004
  • Apr 30, 2010 7:14am Apr 30, 2010 7:14am
I'm waiting for interaction with 80 before I enter...

I MISSED SOOO MUCH ACTION SO FAR!

Slept late this morning as I have match 2moro and just got back from training

Maybe still a bit in her
@pawpaw1000 on Twitter
  • #223,005
  • Apr 30, 2010 7:16am Apr 30, 2010 7:16am
this is strong, lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gu4h_30042010.gif Size: 35 KB
  • #223,006
  • Apr 30, 2010 7:18am Apr 30, 2010 7:18am
news come soon so there can be retracement good day to all
  • #223,007
  • Apr 30, 2010 7:18am Apr 30, 2010 7:18am
Quoting bbakker
Thank you for your 2 penneth. A far more useful contribution to a lot of other BS I see on this thread. Have a great day and lets bag some greenies!
Thanks Muppet
  • #223,008
  • Apr 30, 2010 7:18am Apr 30, 2010 7:18am
Quoting cannarek
this is strong, lets see
What is strong? The fall?
  • #223,009
  • Apr 30, 2010 7:19am Apr 30, 2010 7:19am
Quoting marbellafx
Thanks Muppet
My pleasure!
  • #223,010
  • Apr 30, 2010 7:21am Apr 30, 2010 7:21am
Quoting bbakker
I never tried to put him down initially. I asked him a valid question as he posted twice with reference to the Mayan calendar. Maybe due to his poor English, which is understandable being a foreigner, I did not detect any hint of sarcasm. That is what the smilie is there for so that people can tell the difference. I never put him down initially but with his response, I retorted and now I have made my decision.

This is a free world, a free forum and people can post what they like. The beauty is that I can also use the ignore button when I see fit....

Baker, I know u only asked the question mate, but there are others that really push the pencil here.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,011
  • Apr 30, 2010 7:22am Apr 30, 2010 7:22am
With U.s gdp data etc due...price has falled past the 1hr swing lo x 3 zone into the 38.2% zone of the 5124 and 5142 rises to 5497. Price still only @ 70% of the 20day average pip range, 93% of the 52week average and 43% of the 12month average.

G/L
Attached Image
ex member
  • #223,012
  • Apr 30, 2010 7:22am Apr 30, 2010 7:22am
Quoting marbellafx
Just my 2 penneth for what it is worth.
This produces results for me 99% of the time

Setup a 15 minute chart with:

10 EMA
25 EMA
50 EMA

Entry: when the 10 EMA crosses the 25 and the 50 enter in the direction of the move. Place your order as soon as the price crosses but wait until the next candle opens this will help you to avoid false trades.
TO EXIT IS EQUALLY SIMPLE

Exit: It is Recommended when the 10 EMA touches the 25 EMA. However I use a trailing stop because I don't like to give up any profits and I am not that worried if I miss a few pips in the move.

The advantage of a moving average strategy is that it works in a trending market only and when the market is consolidating you will have to be patient until a strong price move is occuring.
  • #223,013
  • Apr 30, 2010 7:24am Apr 30, 2010 7:24am
Quoting marbellafx
Just my 2 penneth for what it is worth.
This produces results for me 99% of the time

Setup a 15 minute chart with:

10 EMA
25 EMA
50 EMA
great stuff mate, thx for sharing, but would you mind telling the number of pips you're aiming and whats safe stop loss ?
do you play it mainly on cable or on other pairs as well ?

cheers
  • #223,014
  • Apr 30, 2010 7:25am Apr 30, 2010 7:25am
Quoting Bull_Bear
Baker, I know u only asked the question mate, but there are others that really push the pencil here.

I agree BB, there can be so much vitriol here that at times it becomes almost a burden to post some sensible tradeviews here.
  • #223,015
  • Apr 30, 2010 7:26am Apr 30, 2010 7:26am
Here's my view...

I'm on the short side... 1.5070 destination
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 107 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,016
  • Apr 30, 2010 7:28am Apr 30, 2010 7:28am
Quoting johny_bravo
great stuff mate, thx for sharing, but would you mind telling the number of pips you're aiming and whats safe stop loss ?
do you play it mainly on cable or on other pairs as well ?

cheers
I find the 10 15 50 EMA works on most pairs on 15M

I mainly trade cable

As regards pips I am out on this move down after 50 pips

10 crossed 50 at 1.53449 exited 1.5297
  • #223,017
  • Apr 30, 2010 7:29am Apr 30, 2010 7:29am
Quoting cloggie
I agree BB, there can be so much vitriol here that at times it becomes almost a burden to post some sensible tradeviews here.
Thats why I'm not around here as often nowadays. I find that I share my trade calls less and less.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #223,018
  • Apr 30, 2010 7:29am Apr 30, 2010 7:29am
Quoting pawpaw1000
I'm waiting for interaction with 80 before I enter...

I MISSED SOOO MUCH ACTION SO FAR!

Slept late this morning as I have match 2moro and just got back from training

Maybe still a bit in her
No you're not bro... better miss the train then in the wrong train...

lol.
  • #223,019
  • Apr 30, 2010 7:30am Apr 30, 2010 7:30am
Trending down

10 EMA puñlling strongly away from 50 EMA on 15m
  • #223,020
  • Apr 30, 2010 7:31am Apr 30, 2010 7:31am
Quoting Bull_Bear
Baker, I know u only asked the question mate, but there are others that really push the pencil here.
I will defend those others that really push the pencil who defend me. I like his style because he doesn't beat about the bush and gets straight to the point. I am like that myself but I try to restrain initially with common sense before I unleash if it is warranted, whereas he cuts straight through the crap and more often than not he hits the nail right on the head!

I am tired of seeing BS on this thread and I have now learned how to handle it, although I always give people a chance before I hit that button.

If you don't like it, you know where the ignore button is, so that you don't have to see it. You can do the same for me if you like.
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