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Cable Update (GBPUSD)

  • #227,221
  • May 18, 2010 3:49am May 18, 2010 3:49am
Quoting bbmac
it matters not.
speak you like master yoda, why?
  • #227,222
  • May 18, 2010 3:51am May 18, 2010 3:51am
Quoting cloggie
See you just proved my point, momentum indicators are useless and like you said Elder used EMA as his primary techy indicator supported by the MACD. I trade using 1 or 2 indies purely as a support for the MA's PA and SR's. Have found over the years that the MACD is not as reliable as support for larger directional moves as some other less popular indicators. Like you said to each their own and as long as I find the money shots I am not going to change that. And that is the beauty of Forex, as long as we all use different triggers, it keeps the market...
i'd agree, momentum is pretty crap.
  • #227,223
  • May 18, 2010 3:54am May 18, 2010 3:54am
Quoting kill56
here u go i hope it dos help
thank's you Kill,



and maybe any member here want to help me to make EA base on divergent? or atleast have EA base on divergent? i really need that program right now, please post it if you are not too busy.., thanks you very much..,
so sorry for disturb, this is cable Thread...,


ps: it's better to help me than fighting here.
I will be the number one Manager.
  • #227,224
  • May 18, 2010 3:59am May 18, 2010 3:59am
Hey Kill

tried checking out those 4 indicators but says I dont have application to download them with...

what do I need>

thanks bro
"Millionaires don't use astrology, billionaires do"
  • #227,225
  • May 18, 2010 4:00am May 18, 2010 4:00am
Quoting javapips


ps: it's better to help me than fighting here.

Fighting, this is not fighting, have seen a lot worse in here, we are just having a lively discussion on the benefits and disadvantages of MACD's in trading Cable.
  • #227,226
  • May 18, 2010 4:06am May 18, 2010 4:06am
Ihave buy in place, i have t.p for100-150pips if resistance are broken.. I wouldnt short for any reason. Until i see anything different other than what i have in my chart..... Strictly technical TRADER......
  • #227,227
  • May 18, 2010 4:07am May 18, 2010 4:07am
Momentum indicators are useful in this way...price is coming down to an area we know has seen an imbalance of demand/supply before in the recent past [point a,] ie prices rose from there...so when price retests the area on the `min t/f and momentum is diverged from prioce making new lows we have a trading edge....combine that with a PA trigger and a stop below the potential support zone and play the trading edge....

Ie the loss of momentum (bullish or bearish divergence) can be a useful confluence on which to make a trading decision...

Does bullish or bearish divergence m,eans price will totally reverse?...no one knows but in a trend I make the working assumption it is just a pullback until PA tells me otherwise...

http://i41.tinypic.com/10wld8x.jpg

http://i44.tinypic.com/5xlfyp.jpg

G/L
ex member
  • #227,228
  • May 18, 2010 4:09am May 18, 2010 4:09am
Nicely put, BB. In a nutshell. Thats all it is, an edge.

Quoting bbmac
Momentum indicators are useful in this way...price is coming down to an area we know has seen an imbalance of demand/supply before in the recent past [point a,] ie prices rose from there...so when price retests the area on the `min t/f and momentum is diverged from prioce making new lows we have a trading edge....combine that with a PA trigger and a stop below the potential support zone and play the trading edge....

Ie the loss of momentum (bullish or bearish divergence) can be a useful confluence on which to make a trading decision...

Does...
  • #227,229
  • May 18, 2010 4:14am May 18, 2010 4:14am
Quoting cloggie
Fighting, this is not fighting, have seen a lot worse in here, we are just having a lively discussion on the benefits and disadvantages of MACD's in trading Cable.


ok, help me to build this program and we will know if MACD give advantages or not...,well, it's better to make some 'action' than discussion (read; talk only),
how about that? want to help me?


if help me GOD will love you;
than you will be profit in trading;
else you may go to Heaven;
return (help me) ;


I will be the number one Manager.
  • #227,230
  • May 18, 2010 4:16am May 18, 2010 4:16am
Gee every indicator has its flaws, it just depends on how u have mastered it to fit you technique and trading. The most important thing is making profit. For me making 100 above can be achieved easily if you master macd.......... It's confirmation is not actually an entry point, u may use other indicators to confirm its authenticity...... For me macd is the ALTIMATE test for making profit.


Quoting cloggie
Fighting, this is not fighting, have seen a lot worse in here, we are just having a lively discussion on the benefits and disadvantages of MACD's in trading Cable.
  • #227,231
  • May 18, 2010 4:16am May 18, 2010 4:16am
java some more


go here it might help u

http://www.metatrader.info/node/36
Attached File(s)
File Type: mq4 Stochastic_DivergenceMTF.mq4   15 KB | 265 downloads
File Type: mq4 FX5_MACD_Divergence_V1[1].1.mq4   12 KB | 264 downloads
File Type: mq4 FX5_Divergence_V2[1].1.mq4   11 KB | 236 downloads
File Type: mq4 CCI_Divergence_V1.1.mq4   12 KB | 263 downloads
File Type: mq4 FX5_CCI_Divergence.mq4   15 KB | 232 downloads
  • #227,232
  • May 18, 2010 4:24am May 18, 2010 4:24am
Quoting forex_growth
Hey Kill

tried checking out those 4 indicators but says I dont have application to download them with...

what do I need>

thanks bro
Those are MT4 indicators, the trading platform nearly all of us use. If you have MT4, right click on indy and 'save as' to your experts>>iindicators folder in MT4. Restart MT4 and the indy will be there.

If you don't have MT4, it is free from numerous brokers.
******************* I'd rather make money than be right.
  • #227,233
  • May 18, 2010 4:30am May 18, 2010 4:30am
How significant is the daily Pinbar at base of the weekly descending channel...hasn't triggered yet,...anyone going to play it long if price stays above it's low if it does trigger?

G/L

http://i43.tinypic.com/1op281.jpg
ex member
  • #227,234
  • May 18, 2010 4:36am May 18, 2010 4:36am
Quoting bbmac
...and play the trading edge....
trading edge = probability. Once one has mastered money management (which is the Secret to everything) then you find YOUR probability (or trading edge). This could take weeks or months and lots of tweaking. Once you find it, it will most likely contain componets of, but be different from, everyone else's. It will be yours and YOU will understand it.

It could be anything from a chart with dozens of indys on it to a naked price chart .. & anything in between, and on any timeframe. But YOU will know how to interpret it & pick your signals/triggers which will be correct 'most' of the time and when they are not, your risk management rules will kick in & keep your losses contained.

The not-yet-successful traders keep searching for the 'perfect chart' & spend lots of time asking for & downloading charts & iindys from the successful traders .. because they think if they find that 'perfect chart' they will become successful too.

The successful traders are not looking for someone else's charts, but they are interested occasionaly in a new indy or idea to further tweak the chart they are already working from (which through a lot of trial & error now works for them).

And forget EA's. No 'robot' will ever trade successfully for you in the longer term. If that were possible, this forum would be empty while we all sat on our yachts, drinking our beverage of choice while trading robots churned out an endless supply of money.

If there ever is such a robot developed, you can be dang sure the inventor will keep it to him/her self!!

Find your OWN probability, learn risk management & you'll be a successful trader sooon enough
******************* I'd rather make money than be right.
  • #227,235
  • May 18, 2010 4:37am May 18, 2010 4:37am
Quoting forex_growth
Hey Kill

tried checking out those 4 indicators but says I dont have application to download them with...

what do I need>

thanks bro

try firefox and ie should download too
  • #227,236
  • May 18, 2010 4:39am May 18, 2010 4:39am
That's the best summation and advice I have read on this FF.com forum or indeed any other in a long time. Well done !

Quoting 4xStar
trading edge = probability. Once one has mastered money management (which is the Secret to everything) then you find YOUR probability (or trading edge). This could take weeks or months and lots of tweaking. Once you find it, it will most likely contain componets of, but be different from, everyone else's. It will be yours and YOU will understand it.

It could be anything from a chart with dozens of indys on it to a naked price chart .. & anything in between, and on any timeframe. But YOU will know how to interpret it & pick your signals/triggers...
ex member
  • #227,237
  • May 18, 2010 4:39am May 18, 2010 4:39am
Quoting 4xStar
trading edge = probability....
thanks for help

sweet lady u should be teaching forex
  • #227,238
  • May 18, 2010 4:45am May 18, 2010 4:45am
Quoting bbmac
That's the best summation and advice I have read on this FF.com forum or indeed any other in a long time. Well done !
vouch?
(trying to get to 4 so I can give back...)
******************* I'd rather make money than be right.
  • #227,239
  • May 18, 2010 4:47am May 18, 2010 4:47am
Quoting kill56
thanks for help

sweet lady u should be teaching forex
Thanks .. when I am a bit more successful, maybe I will
You are also a great teacher in this forum & exceedingly patient & kind to the new ones.
******************* I'd rather make money than be right.
  • #227,240
  • May 18, 2010 4:49am May 18, 2010 4:49am
Quoting 4xStar
vouch?
(trying to get to 4 so I can give back...)

i wish u deserve it keep the great work
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