Cable Trading (Serious Trading No Jokes)

I try not to post any indicators-- Well for my chart it does not same gann-hilo as the indicator name--
And all indicators are here in forum --
But I do recommend to add the Average daily range indicator-- I will help you a great deal-- with your entry and exit
You can see it on the left hand corner of my chart

Lost -50 gain 50+
1st trade buy 15300 -- stop out 15250
2n trade sell 15250 tp hit 15200
Net profit 00

3rd trade enter buy 15300 exit 30 pips
4th trade enter sell 15250 exit 50 pips

sell enter 15250 exit 50 pips 15200

loss 2 trades 50 each =100 pips ---(spike this morning) we cannot win all of them (that does not mean you system is not working) remember if you system are 60--80 % correct you will still be profitable

I am in 3rd trade on system 3 with 70+ pips
will upload chart soon

System 2 -- make of for today losses -- give back the 100 pips

It seems like - I am only one here posting-- I will stop soon if I don't see any trade posting there strategy

check your yahoo.

cant find that ADR indi ? And how does it effect your entry's/excits ? Overall how do you decide to get in a trade ? When the price is near a 00/50 level ? Thanks

1st -- the 3rd system I did explain the rules and I give the results in a few post back. (anyways my trading day start at 00.00 am NY time and end around 11:59pm NY time)
I will place 2 pending orders buy above the open price of the day (the nearest 00 or 50 levels) and sell below the open price of the day (the nearest 00 or 50 levels) with 50 sl tp 30 pips or sometime I look at my other 2 system to stay in the trade to target 50 pips.

2 -- let say you enter a trade on the basis of your system or any system
see how many pips you entry away from the ADR --

Example -- GBP/USD ADR 150 PIPS (price move up and down high to low 50 pips so far for the day) -- 15000 -- 15050 -- so the potential range upside will be from low 15000 + 150 pips = 15150
and the down side will be 15050 - 150 pips = 14900

If you enter a trade base on your system-- a buy let say 15075 -- potential price movement to expect around the Adr = 15150 so you will want to exit around 15125 --15130 (before the daily range)

So when you enter your trade look at the high and low for the day at that current time -- then add adr to the low of the day for the upside range
and minus adr from the high of the day for the down side range

Question ??? would you enter a buy at the top of the range or sell at the bottom of the range-- use you logic this will not make sense to do
now sometime the price will move beyond the adr -- and we know the reasons for that -- news -- so you goal to take minimum 100 pips from the daily range -- I hope I explain well -- I add a chart to help

Look how price hit the ADR help to set your tp and stay in the trade

-50 and +80 == net 30

+80 pips ADR help to stay in the trade after 50 pips profit

Gj-- some one ask to analyse gj

still cant find that ADR indi ?

Good thread, just reading for the time being.

indi

updates

gu 125+ PIPS GJ 150+ PIPS

thanks for sharing