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Cable Update (GBPUSD)

  • #231,441
  • Jun 13, 2010 11:12pm Jun 13, 2010 11:12pm
Quoting tazzam72
I used to do the from 5 years ago , Blow 15 K account after 3 or 4 trades more than once , This was crazy Lost a lot of cash in my first 3 years.
i blowed up only one account 3 years ago, in my first 2 months on fx.. i lost 4k dollars...
1 year ago i repoened a new live acc with 2k$ and i'm happy now, i make 1k-2k pips per month
LOL
  • #231,442
  • Jun 13, 2010 11:17pm Jun 13, 2010 11:17pm
Smart trading, means trading at the right time, and ignoring fake trends

My new indicator @ the bottom keeps me away from trouble (Aqua), and tells me when to trade (Green)

So all I do is see if it is Green, if yes, then I trade, else I sit on the fence and watch the beach volleyball birds

for next 4 hours there is nothing for me to do.

http://img42.imageshack.us/img42/2/23141062.gif
  • #231,443
  • Jun 13, 2010 11:21pm Jun 13, 2010 11:21pm
Quoting forexlion
Smart trading, means trading at the right time, and ignoring fake trends

My new indicator @ the bottom keeps me away from trouble (Aqua), and tells me when to trade (Green)

So all I do is see if it is Green, if yes, then I trade, else I sit on the fence and watch the beach volleyball birds

for next 4 hours there is nothing for me to do.
How can one get the indicator kind sir...
  • #231,444
  • Jun 13, 2010 11:24pm Jun 13, 2010 11:24pm
Quoting kill56
hey sweety can u translate this for us plz

yes:

#231318
  • #231,445
  • Jun 13, 2010 11:28pm Jun 13, 2010 11:28pm
I'm pretty sure it's the same thing being offered on this thread...

http://www.forexfactory.com/showthread.php?t=240278

Quoting Najee
How can one get the indicator kind sir...
"The real genius is knowing when to stop." - Marc Faber
  • #231,446
  • Jun 13, 2010 11:30pm Jun 13, 2010 11:30pm
closed one long @ 4609...+30pips...holding the other one slightly longer. Time will tell.
  • #231,447
  • Jun 13, 2010 11:37pm Jun 13, 2010 11:37pm
Quoting hhitch
I'm pretty sure it's the same thing being offered on this thread...

http://www.forexfactory.com/showthread.php?t=240278
Sorry, but it doesn't appear that way. The above is long or short, but lionji's is trade or not trade, and does not indicate long or short.
The market is always right.
  • #231,448
  • Jun 13, 2010 11:41pm Jun 13, 2010 11:41pm
Quoting Najee
How can one get the indicator kind sir...
win this http://www.usafis.org/ and take it
  • #231,449
  • Jun 13, 2010 11:41pm Jun 13, 2010 11:41pm
gu and 2 hour volume on down move suggest larger up move coming

My target 1.4920 / 1.5000

However it is rare for asia session to go same direction as london , so am trading this one cautiously , stop from 1.4550 is break even and I am holding for now.

Attached Image (click to enlarge)
Click to Enlarge Name: chart2324.png Size: 144 KB
Blogging daily now at www.volume.zone
  • #231,450
  • Jun 13, 2010 11:43pm Jun 13, 2010 11:43pm
Quoting hhitch
I'm pretty sure it's the same thing being offered on this thread...

http://www.forexfactory.com/showthread.php?t=240278
wrong

its got nothing to do with RSI

but yes, it is related to vsa, as a distant cousin (Volumes)
  • #231,451
  • Jun 13, 2010 11:44pm Jun 13, 2010 11:44pm
Quoting Najee
closed one long @ 4609...+30pips...holding the other one slightly longer. Time will tell.
Why are you keeping your longs??? Saw the dark cloud in the daily... Any body shorting gbpusd??
  • #231,452
  • Jun 13, 2010 11:44pm Jun 13, 2010 11:44pm
OK
Gain Is the relation between Price and time .
Let us say the trend is down and retracment hold 50 % , that means that The market is still in down trend .
Let us say it took the market 5 hours to make (swing high to low ,) very lucky it will take around 5 hours to retrace (from swing low to swing high) If this retracment hold 50 % the price will move down again trying to make a new low . If the retracment is over 50 % very likely the price will try to reach the old high ( GANN BOX)




Quoting Buitragojl
Wowzers ive never even had that much money before LOL. One day i will though ! im glad you got it together! Im Pretty fond of elliott wave but what is Gann teq?

PS GO Team USA!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBP240Gann-4.png Size: 186 KB
  • #231,453
  • Jun 13, 2010 11:45pm Jun 13, 2010 11:45pm
Quoting malcolmb14
gu and 2 hour volume on down move suggest larger up move coming

My target 1.4920 / 1.5000

However it is rare for asia session to go same direction as london , so am trading this one cautiously , stop from 1.4550 is break even and I am holding for now.

Attachment
correct

i got 196 minutes to wait before the next 4 hour candle forms

and if it is still Aqua, then I will go back to the beach volley girls
  • #231,454
  • Jun 13, 2010 11:53pm Jun 13, 2010 11:53pm
Quoting malcolmb14
gu and 2 hour volume on down move suggest larger up move coming

My target 1.4920 / 1.5000

However it is rare for asia session to go same direction as london , so am trading this one cautiously , stop from 1.4550 is break even and I am holding for now.

Attachment
check M30 Mal, something cooking here
  • #231,455
  • Jun 13, 2010 11:55pm Jun 13, 2010 11:55pm
Quoting malcolmb14
gu and 2 hour volume on down move suggest larger up move coming

My target 1.4920 / 1.5000

However it is rare for asia session to go same direction as london , so am trading this one cautiously , stop from 1.4550 is break even and I am holding for now.

Attachment
Looking at the 138.2 and 161.8 extensions of the 8th-11th up move?
The market is always right.
  • #231,456
  • Jun 13, 2010 11:56pm Jun 13, 2010 11:56pm
Quoting forexlion
check M30 Mal, something cooking here
Three 4 hour candles @ 4600, this is serious stuff
  • #231,457
  • Jun 13, 2010 11:58pm Jun 13, 2010 11:58pm
whatever... not worth quibbling about... pretty sure it this "Trendlord" indicator... it's up to you to decide whether you're going to short or long... just trying to help... good luck with your holy grails...

Quoting forexlion
wrong

its got nothing to do with RSI

but yes, it is related to vsa, as a distant cousin (Volumes)
"The real genius is knowing when to stop." - Marc Faber
  • #231,458
  • Jun 14, 2010 12:05am Jun 14, 2010 12:05am
Quoting hhitch
whatever... not worth quibbling about... pretty sure it this "Trendlord" indicator... it's up to you to decide whether you're going to short or long... just trying to help... good luck with your holy grails...
neither

and it has no function in trading, just tells me when to trade and when to sit on the fence
  • #231,459
  • Jun 14, 2010 12:13am Jun 14, 2010 12:13am
lOOK at this back test for the 4 H GBP
A TO B ( this is how many hours it took this pair to make swing high to low .

B to C almost the same time make low to high swing ( Price hold 50 % and look what happen now at C to D down again to make a new low .





Quoting tazzam72
OK
Gain Is the relation between Price and time .
Let us say the trend is down and retracment hold 50 % , that means that The market is still in down trend .
Let us say it took the market 5 hours to make (swing high to low ,) very lucky it will take around 5 hours to retrace (from swing low to swing high) If this retracment hold 50 % the price will move down again trying to make a new low . If the retracment is over 50 % very likely the price will try to reach the old high ( GANN BOX)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP240 1 Gann-5.png Size: 150 KB
Click to Enlarge Name: GBP240 2N Gann-7.png Size: 147 KB
  • #231,460
  • Jun 14, 2010 12:30am Jun 14, 2010 12:30am
Still watching I will buy if price moves above 14650 & sell if price moves down to 14500 , What do you think Forexlion?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP60 Gann-8.png Size: 141 KB
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