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Cable Update (GBPUSD)

  • #223,201
  • May 1, 2010 12:36pm May 1, 2010 12:36pm
Quoting BadTradingFi
Nice chart again and very useful. I'd drawn something myself out of curiosity but yours adds a lot more to it so useful to see that.

As per an earlier post I made, I think news is going to be a big infulence this week not just because of the election, so I'm wondering if your lower target may hit short term but then after the election, who knows......

Again, excellent chart and great to see I was making some of the right lines finally

Also, thanks to Magix for good info a couple of days ago and a brilliant thread for us noobs!!
Cheers matey

Here is a zoomed version of the same 4h chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 100501_gbpusd_wo_zoom.png Size: 73 KB


I am using this for my longer-term trades and is completely separate from the Voodoo Boodoo, which is more suited for scalping and shorter-term/day trading.

This chart also includes the Fisher Yur4ik indicator. This indicator is a simple version of the the Fisher Transform indicator which was devised by John Ehlers. I am using this as the main trend indicator of my long-term trading system. This means that you will first look at Fisher and if it is above the zero line you will be looking for buy signals and if it is below the zero line you will be looking for sell signals. I have added two lines at 0.431 above and below it, which indicate a stronger buy or sell signal. As soon it comes back to these lines you should close your positions after confirming with your charts (S/R and trendlines). I only use this on h1 and h4 timelines. I use the Voodoo Boodoo on lower timeframes.

Here is a ZIP file containing the indicator -
Attached File(s)
File Type: zip Fisher_Yur4ik.zip   < 1 KB | 373 downloads


Enjoy the rest of your weekend and hope you get some greenies next week!
  • #223,202
  • May 1, 2010 1:38pm May 1, 2010 1:38pm
Quoting kill56
room help needed her

any body knows how the scan wave work its an mt4 indi

http://forexarena.blogspot.com/2010/...indicator.html
I'm trying Kill, but I get foooook all on my charts and the instructions are in Russian. I will keep fiddling with it though see if I can come up trumps!
  • #223,203
  • May 1, 2010 2:06pm May 1, 2010 2:06pm
Quoting bbakker
I'm trying Kill, but I get foooook all on my charts and the instructions are in Russian. I will keep fiddling with it though see if I can come up trumps!
Not getting very far. I have managed to save a chart to CSV format and opened it up in the Setup program (SW+ Setup.exe) in the compressed folder. The output is shown below -

Attached Image (click to enlarge)
Click to Enlarge Name: ScanWave.png Size: 69 KB


Fooook knows what to do next! My Russian is not up to speed , but I do have a Russian colleague at work although he is on-site at the moment! I will play around with it, see if I can work it out.

Have you tried Elwave? You can try it for free for 30 days, but it ain't cheap. Alternatively you can try share sites <cough> <cough> such as http://rapid4me.com/?q=elwave+9.1

Good luck bro!
  • #223,204
  • Edited 2:31pm May 1, 2010 2:21pm | Edited 2:31pm
Quoting digger1
eerrr uumm , the number you have called is no longer in service , if you feel you reached this number in error please hang up and try your call again . ah well maybe this month , have a great weekend man
Brilliant response!
  • #223,205
  • May 1, 2010 2:34pm May 1, 2010 2:34pm
Quoting bbakker
Not getting very far. I have managed to save a chart to CSV format and opened it up in the Setup program (SW+ Setup.exe) in the compressed folder. The output is shown below -

Attachment

Fooook knows what to do next! My Russian is not up to speed , but I do have a Russian colleague at work although he is on-site at the moment! I will play around with it, see if I can work it out.

Have you tried Elwave? You can try it for free for 30 days, but it ain't cheap. Alternatively you can try share sites <cough> <cough> such as http://rapid4me.com/?q=elwave+9.1...
have the same thing tell now i do have el wave and cracked 7.6

but scan wave is for mt4 and if it works it will be a great help

i will keep fooken with it and i did ask for help in a russian forum too thanks 1BB and u the last chart was great bro
  • #223,206
  • Edited 10:27pm May 1, 2010 9:56pm | Edited 10:27pm
Quoting Nene
Hey wormie,

I still cant believe there are some out there who are trading off the 5 min and calling it boss. Its why I left. But its nice to know there is someone out there who is sane.
You know what is hard to believe?

That there are members of our community who ridicule what they have the inability to understand or prosper from. The 5m is king for those who know what to look for.

I find it both sad and pathetic that lamers still come out of the woodwork with no analysis of their own, feel the need to talk smack, and ignore what so many others can see. For shame.

IF trading off the 5m is insane, then maybe you best get on the bus Gus, this is where the money is!

Here are a few of the triggers off the 5m chart, which could tell you when to get in and when to not be in.

Yellow line, 200ema, red line 24sma. Price moving with the 24 direction from the 200.
Attached Image (click to enlarge)
Click to Enlarge Name: 5mwin.jpg Size: 175 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #223,207
  • May 1, 2010 10:57pm May 1, 2010 10:57pm
Quoting Magix
You know what is hard to believe?

That there are members of our community who ridicule what they have the inability to understand or prosper from. The 5m is king for those who know what to look for.

I find it both sad and pathetic that lamers still come out of the woodwork with no analysis of their own, feel the need to talk smack, and ignore what so many others can see. For shame.

IF trading off the 5m is insane, then maybe you best get on the bus Gus, this is where the money is!

Here are a few of the triggers off the 5m chart, which could...
That is hard to believe that people would say something critically about someone else's system. Anyway, I like the 5 minute charts myself although I trade it a little different then your setup when I do trade it. Looking over your 200 & 24 ma setup it is most interesting. I already opened a chart with the setup you posted to watch this upcoming week. Thank you.
  • #223,208
  • May 1, 2010 11:15pm May 1, 2010 11:15pm
Quoting 2+2=4ex
That is hard to believe that people would say something critically about someone else's system. Anyway, I like the 5 minute charts myself although I trade it a little different then your setup when I do trade it. Looking over your 200 & 24 ma setup it is most interesting. I already opened a chart with the setup you posted to watch this upcoming week. Thank you.
You can pick the time frame that is most relevant for you to trade mango. The multi time frames and the moving averages are a little something we like to call voodoo boodoo. Adding a little more logic and a few other tricks can only be to your benefit.

The system plays pretty true with all time frames, having a look at the longer can help you out with the shorter. The 1m can look a little choppy, so triggering off the 5 can help a little with the smoothing.

Here are a couple of true signals and trigger on trends on the H4. They can take some time to mature, so playing off the 5 can be a great benefit.
Attached Image (click to enlarge)
Click to Enlarge Name: h4win.jpg Size: 162 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #223,209
  • May 1, 2010 11:29pm May 1, 2010 11:29pm
Quoting Magix
You can pick the time frame that is most relevant for you to trade mango. The multi time frames and the moving averages are a little something we like to call voodoo boodoo. Adding a little more logic and a few other tricks can only be to your benefit.

The system plays pretty true with all time frames, having a look at the longer can help you out with the shorter. The 1m can look a little choppy, so triggering off the 5 can help a little with the smoothing.

Here are a couple of true signals and trigger on trends on the H4. They can take some...
Voodoo Boodoo, looks like a nice simple system with a catchy name. The charts are relatively clear and easy too (not overloaded with indi's and stuff). I am definitely going to watch on it this week. Very true also on adding a little more logic. I have my pp's as standard on my chart. Fascinating how many different systems you can find on here. Good luck and thanks for sharing.
  • #223,210
  • May 1, 2010 11:32pm May 1, 2010 11:32pm
Quoting Magix
You know what is hard to believe?

That there are members of our community who ridicule what they have the inability to understand or prosper from. The 5m is king for those who know what to look for.

I find it both sad and pathetic that lamers still come out of the woodwork with no analysis of their own, feel the need to talk smack, and ignore what so many others can see. For shame.

IF trading off the 5m is insane, then maybe you best get on the bus Gus, this is where the money is!

Here are a few of the triggers off the 5m chart, which could...
There will always be the ridiculous who ridicule. The facts speak for themselves as perfectly proven in your attached chart. No strategy is 100% perfect, but god damn it, I love your strategy and it makes perfect sense to me.

Others who don't have an open mind or are stuck in their ways because their strategy works for them so they see no other. They will then go on and tell everyone that their way is the only way and make comments to that effect. It is sad and pathetic. I have also checked out the person in question's trading thread where they do provide their own analysis and clearly they seem to be a long-term trader as they post h1 and higher timeframes to it. Clearly a completely different type of trader!

I know for a fact that you have an open mind and you are willing to improve yours.

Horses for courses people! When trying a new course, ALWAYS demo it and micro it to make sure it is the right course for you, before you unleash your hard earned cash on it!

Remember people, we all trade differently and have different styles. Please respect that before you shoot someone else down. Even I am sometimes guilty... it is such a human trait!
  • #223,211
  • May 1, 2010 11:35pm May 1, 2010 11:35pm
Quoting 2+2=4ex
Voodoo Boodoo, looks like a nice simple system with a catchy name. The charts are relatively clear and easy too (not overloaded with indi's and stuff). I am definitely going to watch on it this week. Very true also on adding a little more logic. I have my pp's as standard on my chart. Fascinating how many different systems you can find on here. Good luck and thanks for sharing.
Nice to see someone with an open mind and who has respect for other people's trading styles. Respect! I have my eye on you now
  • #223,212
  • May 1, 2010 11:51pm May 1, 2010 11:51pm
Quoting 2+2=4ex
Voodoo Boodoo, looks like a nice simple system with a catchy name. The charts are relatively clear and easy too (not overloaded with indi's and stuff). I am definitely going to watch on it this week. Very true also on adding a little more logic. I have my pp's as standard on my chart. Fascinating how many different systems you can find on here. Good luck and thanks for sharing.
I have a little thread that is currently in the process of being revived. I go through the system, indicators and include a template.

I am also currently working with the camarilla averages, pivot points and targeted ranges, so will be updating the thread with a little more completed trade logic working with the MTF (multiple time frames).

http://www.forexfactory.com/showthread.php?t=208103

Clarity on the charts is good, and again, even just prefer to watch a 5m chart, you will see typically at least 7 triggers that with a max 5 pip spread will still generate a minimum of 40 pips per trade. Again, it really does depend on the user, the time each has available to trade and the gains that we would like to see.

4hr with the cams.
Attached Image (click to enlarge)
Click to Enlarge Name: h4cams.jpg Size: 181 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #223,213
  • May 2, 2010 12:38am May 2, 2010 12:38am
Quoting Magix
You know what is hard to believe?

That there are members of our community who ridicule what they have the inability to understand or prosper from....
is the 5m trading crazy yes but not risky

ist bad to make 20pips a trade and be on green most of the time make a few trades day

ist better to stay with u position long time to reach u target with cable all the moving up and down red and green and the the end u might get u target or loss u acc unless u have a big acc.

do we have to wait a day or 2 or a week to get 300pips or 400 pips target cable average 150-200 pips a day up and down

any trader can make about 5 trades a day an easy 20pips a trade with no risk of lossing more than 20-30pips

been trading for a while found out i start making money with short term trading hit and run cash in the green wait for the market to come to me conformation in m5 15m how man 15m we have in 24hours its easy to recover 30pips but its not easy to recover 200 or 300pips even 100pips

befor the voodoo boodoo i had a ruff time when to enter and exit

after the voodoo boodoo no more doodoo

sorry i must be high its after all crackforex

best of luck to all greeny all the way
  • #223,214
  • May 2, 2010 12:40am May 2, 2010 12:40am
wise man

how is u weekend hope it was joy and fun
  • #223,215
  • May 2, 2010 12:41am May 2, 2010 12:41am
Quoting kill56
is the 5m trading crazy yes but not risky

ist bad to make 20pips a trade and be on green most of the time make a few trades day

ist better to stay with u position long time to reach u target with cable all the moving up and down red and green and the the end u might get u target or loss u acc unless u have a big acc.

do we have to wait a day or 2 or a week to get 300pips or 400 pips target cable average 150-200 pips a day up and down

any trader can make about 5 trades a day an easy 20pips a trade with no risk of lossing more than 20-30pips...
We, mad for it even on the w/e, are all high. The crackforex is an irresistible drug. Gotta love it!
  • #223,216
  • May 2, 2010 12:41am May 2, 2010 12:41am
1BB

did hit the whole this weekend hope u had a great one
  • #223,217
  • May 2, 2010 12:46am May 2, 2010 12:46am
little car bomb in times square will likely cause funky action tomorrow, holiday or no holiday.
hope no one held fresh position over the weekend. Good luck, you'll need it!







speaking of funky ....

Inserted Video



have a lovely sunday!
Thank You
  • #223,218
  • May 2, 2010 12:53am May 2, 2010 12:53am
Quoting kill56
1BB

did hit the whole this weekend hope u had a great one
Mine is just starting. We get an extra day this weekend, although in typical British fashion, the skies have opened up and I am teeing off in 5 hours time. I am now doing the sun dance... fat chance!
  • #223,219
  • May 2, 2010 2:32am May 2, 2010 2:32am
Quoting wormboy
little car bomb in times square will likely cause funky action tomorrow, holiday or no holiday.
hope no one held fresh position over the weekend. Good luck, you'll need it!




speaking of funky ....

http://www.youtube.com/watch?v=ZHRHc...eature=channel


have a lovely sunday!
Dont forget the Greek "rescue package" suposedly passing the muster. My bet is a move up to start. Chances for a whipsaw are high. Just 2 cents worth. Been wrong before tho. LOL
  • #223,220
  • May 2, 2010 7:57am May 2, 2010 7:57am
Quoting Magix
You know what is hard to believe?
That there are members of our community who ridicule what they have the inability to understand or prosper from. The 5m is king for those who know what to look for.
Hi bro
Nice to see u wise man
As long as someone say that that tell they are not grown up to trading in professional way because as i always say every system and indicator or TF has it's own secret and if you got it u will got a profitable system.

Any way keep the great work bro
Last news
European Union Economic and Monetary Affairs Commissioner Olli Rehn said he is “confident” that euro-area nations will endorse the Greek rescue package at a meeting today in Brussels. “I will recommend to the eurogroup to activate the Greek package,” Rehn told reporters in Brussels as he arrived for the meeting of euro-area finance ministers. “I am confident that the eurogroup will today endorse the package.”“The Greek government presented a program today that is comprehensive and ambitious,” Rehn said. Today is “a very important day for Greece and for the EU.”
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