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Cable Update (GBPUSD)

  • #234,881
  • Jun 30, 2010 5:42pm Jun 30, 2010 5:42pm
Quoting javapips
is that robot base on your MA magix? use trailing stop?
Actually, I haven't been entirely successful with the Moving Average EAs as of yet, but still working them.

Current sets are based on fractal movements and change in direction and the closest thing I have to a moving average script is a MACD base...but yeah, working with S/L, very loose as the parameters that I have set are fairly tight...Almost blue moon trader style...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,882
  • Jun 30, 2010 5:51pm Jun 30, 2010 5:51pm
Quoting Magix
Actually, I haven't been entirely successful with the Moving Average EAs as of yet, but still working them.

Current sets are based on fractal movements and change in direction and the closest thing I have to a moving average script is a MACD base...but yeah, working with S/L, very loose as the parameters that I have set are fairly tight...Almost blue moon trader style...
keep trying sir..
I will be the number one Manager.
  • #234,883
  • Jun 30, 2010 5:54pm Jun 30, 2010 5:54pm
Quoting Hound
...If it works for you then go for it and I wish you well.
Oh, it works & how! You sound like someone a bit bitter from frequent losses. Listen to the pro traders in here who constantly share their expertise & you too will join the winning team.
******************* I'd rather make money than be right.
  • #234,884
  • Jun 30, 2010 6:04pm Jun 30, 2010 6:04pm
Quoting clientfx
Im long cause retracement setup looking good H1 my Zigzag just gave me a signal
I think your zig zag mighta lied...that was only the first test of the 200ema on 5m chart...or the 5m sherpa...

Secondly, there is a new low that London hasn't seen, if your scalping you should be looking at a shorter time frame zig zag, the hourly could offer a misfire at this point.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,885
  • Jun 30, 2010 6:13pm Jun 30, 2010 6:13pm
Quoting Magix
I think your zig zag mighta lied...that was only the first test of the 200ema on 5m chart...or the 5m sherpa...

Secondly, there is a new low that London hasn't seen, if your scalping you should be looking at a shorter time frame zig zag, the hourly could offer a misfire at this point.

yes i know...just tp for 10 pips

now im back to short
  • #234,886
  • Jun 30, 2010 6:48pm Jun 30, 2010 6:48pm
Quoting clientfx
yes i know...just tp for 10 pips

now im back to short
Did you go short because market TANKED and we are still short side?

OR

Did your zig zag give you a sign?

What is your TP and SL based on?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,887
  • Jun 30, 2010 7:22pm Jun 30, 2010 7:22pm
Quoting Magix
Did you go short because market TANKED and we are still short side?

OR

Did your zig zag give you a sign?

What is your TP and SL based on?

look at h4 still down

i long m30 and get my tp 10 pips but price was up little more until upper bolinger band

then im look for short when zigzag m30 and h1 pointing at the same way

daily also below gan
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  • #234,888
  • Jun 30, 2010 7:38pm Jun 30, 2010 7:38pm
Quoting clientfx
look at h4 still down

i long m30 and get my tp 10 pips but price was up little more until upper bolinger band

then im look for short when zigzag m30 and h1 pointing at the same way

daily also below gan
Depending on how you use your stochs, you are looking oversold on your h4....

I am not with you on the zig zags nor the bollies...never seen much use for them...

And not to be a dick or anything...

With exception to your stochs, and having candles...your chart only looks like the start of an analysis to me...but hey, if it works for ya...keep on keeping on.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,889
  • Jun 30, 2010 7:40pm Jun 30, 2010 7:40pm
Going long here. Nice small stop.
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  • #234,890
  • Jun 30, 2010 7:44pm Jun 30, 2010 7:44pm
Quoting Magix
Depending on how you use your stochs, you are looking oversold on your h4....

I am not with you on the zig zags nor the bollies...never seen much use for them...

And not to be a dick or anything...

With exception to your stochs, and having candles...your chart only looks like the start of an analysis to me...but hey, if it works for ya...keep on keeping on.
yess..im looking for starting trend developing
  • #234,891
  • Jun 30, 2010 7:57pm Jun 30, 2010 7:57pm
Quoting clientfx
yess..im looking for starting trend developing
Based on what?

Stochs 10, 3, 3?

Your H4 chart?

The fact that we fell 216 pips off our last surge skyward? (everybody knows what this means)

An expected retrace to the low spike on London chart?

You are a commercial member?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,892
  • Jun 30, 2010 7:59pm Jun 30, 2010 7:59pm
Quoting Magix
The fact that we fell 216 pips off our last surge skyward? (everybody knows what this means)
riddle me this .... unfortunately I dont know what that means =( please enlighten me
  • #234,893
  • Jun 30, 2010 8:00pm Jun 30, 2010 8:00pm
Resistance 1m 200EMA...

This could make for an interesting evening....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,894
  • Jun 30, 2010 8:02pm Jun 30, 2010 8:02pm
Quoting kasper
riddle me this .... unfortunately I dont know what that means =( please enlighten me

it means buy
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #234,895
  • Jun 30, 2010 8:04pm Jun 30, 2010 8:04pm
Quoting kasper
riddle me this .... unfortunately I dont know what that means =( please enlighten me
The number to the pip...doesn't mean anything compare any 2 brokers they are bound to be different...but the range of the movement on the entirety of the chart does.

Check it out.

Throw some fibs on your H4 and see the range that we are in.

A hold here can mean a retrace above....look for higher highs, or test resistance.

And I was just messing with buddy boy...buying the top of a scalp movement, to get 10...which would have put him exiting about the same time he posted...and entering into a short...

I was wanting a little insight as to what one might get with his $250 training program...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,896
  • Jun 30, 2010 8:18pm Jun 30, 2010 8:18pm
Quoting wormboy
the immediate trend shifts back to bearish if 4895 level is taken, which looks like where cable is headed for a test before any real bounce imho.
getting close to the 4895 target level. That will be the deciding level.
Also keep an eye on how the D1 close later today, if it closes 'ard 4895 or lower, D1 cable will complete a full bearish reversal pattern - 3 black crows. Anyone still holding short from the top of the mountain needn't rush to look for long positions yet imho. Just don't forget to lock in some profit
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Thank You
  • #234,897
  • Jun 30, 2010 8:56pm Jun 30, 2010 8:56pm
And now for your mutual amusement...

2 posts...one to show how the great Nene and all his marvel conducts the market like a symphony orchestra and will tolerate no BS on his thread, or he will lay boot to ass...of course, all of this in the same paragraph as begging for somebody to post something....anything....

A whole 8 posts later...still not a word from anybody, and his last reply to his own active trade thread....8 days ago.

http://www.forexfactory.com/showthread.php?p=3813244

Stop by and say hi to Nene...tell him, magix sent ya!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,898
  • Jun 30, 2010 9:06pm Jun 30, 2010 9:06pm
Quoting clientfx
look at h4 still down

i long m30 and get my tp 10 pips but price was up little more until upper bolinger band

then im look for short when zigzag m30 and h1 pointing at the same way

daily also below gan

i think if you looking for only 10pips then h4 is no longer valid for your technique ...focus on M30, M15 & 5 then..
  • #234,899
  • Jun 30, 2010 9:29pm Jun 30, 2010 9:29pm
Quoting Magix
Based on what?

Stochs 10, 3, 3?

Your H4 chart?

The fact that we fell 216 pips off our last surge skyward? (everybody knows what this means)

An expected retrace to the low spike on London chart?

You are a commercial member?
you dont get it...see all the chart..and waiting for m30 to give sell signal

h4 h1 d1 already below gan

simple

even stoch in oversold area price not just go up ...maybe in little TF..

im sharing my point of view on this pair no commercial porpused
  • #234,900
  • Jun 30, 2010 9:42pm Jun 30, 2010 9:42pm
check your daily mag and where it stopped dead on ...also look at your weekly 1.5100 massive resistance that they took it to reload sells while eu , au etc etc dropped. Why is gu going up ? is the uk suddenly the magic economy of the world that can reduce their deficit to 1% of gdp in a month ?... and hey why the hell did they cancel their gdp news anyway ? ...

Reality both of this is bullshit .. gu retraced on daily to 61.8 of down move , squeak above to make everyone super bull ( including you by way you are bashing that guy) . The daily showed the weakness clearly on the futures http://www.forexfactory.com/showpost...&postcount=746

Then look at the 60 min sideways channel we had for almost 3 days ...

now look at dj support 9800 .. es already broken

Does a guy have a right to think a trend is changing .. sure ...is there going to be all kinds of up and down waves on different time frames .. sure .

You are bashing him a bit.

BTW i am short off 1.5050 holding for 500 to 800 pips ... i know not alot as some in here make that in an afternoon scalping a 20 pip channel but enough for me.



Quoting Magix
Based on what?

Stochs 10, 3, 3?

Your H4 chart?

The fact that we fell 216 pips off our last surge skyward? (everybody knows what this means)

An expected retrace to the low spike on London chart?

You are a commercial member?
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