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Cable Update (GBPUSD)

  • #242,381
  • Aug 2, 2010 9:37am Aug 2, 2010 9:37am
Quoting langdonb
Mal, what is tf?

tf is russell emini .. very active in us session
Blogging daily now at www.volume.zone
  • #242,382
  • Aug 2, 2010 9:38am Aug 2, 2010 9:38am
So are you suggesting that what the indicator is now showing at 1H TF is just hokum?...

Shouldn't it retrace in hourly TF but still continue its trend in longer TF?

How do you know if what you read in your chart suggest the correct signal?

Quoting cloggie
Cable can remain overbought for a lot longer then your account can handle the DD......
  • #242,383
  • Aug 2, 2010 9:40am Aug 2, 2010 9:40am
explanation of how to use hulls in these 2 charts

other thing is do not use this outside hours of 10 pm pst to 12 pm pst ...

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Quoting malcolmb14
throw this on your charts ... it is a no brainer .. red sell ... green buy ... follow trend on 4 hour if trading smaller time frames.

since 5200 no reason to sell as hulls on a 4 hour green

it is so simple , if 4 hour hulls is green , wait for hulls to turn green on a 15 min...
Blogging daily now at www.volume.zone
  • #242,384
  • Aug 2, 2010 9:40am Aug 2, 2010 9:40am
Quoting HowieTrader
So are you suggesting that what the indicator is now showing at 1H TF is just hokum?...

Shouldn't it retrace in hourly TF but still continue its trend in longer TF?

How do you know if what you read in your chart suggest the correct signal?

What I am saying that it tells you what has happened, not wat is going to happen. Try driving forwards on the Motorway at 200 mph with only looking in your rearview mirror, you get the picture.

But then again, I can't stand momentum indicators; and that's exactly what they are they tell you the momentum of the price change, who cares just look at the price and you don't need an Indy to tell you that. About as useful as a chocolate teacup.

Just look at the hourly right now, 4 failed doji's/harami's. Still want to short this? Every bar afterwards negated them.

Hat, coat, door.
  • #242,385
  • Aug 2, 2010 9:41am Aug 2, 2010 9:41am
Quoting egkid
Hi
Last Long position Add 1.5165 TP 1.5780
Not marry to my positions but i see nothing to change my Plan.

Edit:My Post Before the week start here
http://www.forexfactory.com/showpost...&postcount=101
Here it's My Chart and My Next Target
Attachment

One Last thing :
As always says "I could b wrong don't follow me follow ur Chart
Enjoy
GL
Just back from my work
This is how i trade , 700 pip so far
If u missed my post i post another one here
http://www.forexfactory.com/showpost...stcount=241870
  • #242,386
  • Aug 2, 2010 9:47am Aug 2, 2010 9:47am
why did the hulls moving average long on the 15 min work so well into top of days rnage ? well 10 pip to go

due to the 4 hour hulls being green

I kept on getting emails form a service that I somehow got on mailing list saying sell off 3100 tp 2800 , I kept emailing them back ... not while my hulls is green I will buy all dips on a 15

I am sure some smart programmer can put an alert on hulls for those with email capability on their phones. I have one for esignal and never sit at computer to trade unless i get an alert that hulls on a 15 has changed direction , of course i always look at 4 hour 1st ... and most of the time 4 hour trends stay for a while ( as in 2 to 4 days) , so i have one alert for 15 and one for 4hr

I used to sit here for 12 hours a day , but now I have so much more freedom and still make my 50 pip a day
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Blogging daily now at www.volume.zone
  • #242,387
  • Aug 2, 2010 9:49am Aug 2, 2010 9:49am
Well, thank you for the detail.. Fortunately I haven't shorted any yet... The pair just jumped 15pips as of last reply...

Now that I can focus on trend-trading rather than momentum-snooping... Will stand aside the market at the moment, re-thinking about what I have learned today, changing trading strategy...

Quoting cloggie
What I am saying that it tells you what has happened, not wat is going to happen. Try driving forwards on the Motorway at 200 mph with only looking in your rearview mirror, you get the picture.

But then again, I can't stand momentum indicators; and that's exactly what they are they tell you the momentum of the price change, who cares just look at the price and you don't need an Indy to tell you that. About as useful as a chocolate teacup.

Just look at the hourly right now, 4 failed doji's/harami's. Still want to short this? Every bar afterwards...
  • #242,388
  • Aug 2, 2010 9:50am Aug 2, 2010 9:50am
Quoting HowieTrader
Well, thank you for the detail.. Fortunately I haven't shorted any yet... The pair just jumped 15pips as of last reply...

Now that I can focus on trend-trading rather than momentum-snooping... Will stand aside the market at the moment, re-thinking about what I have learned today, changing trading strategy...

There is a time and a place for countertrading, however as a "newer" trader I would figure out trend following first, lots easier. Predicting a reversal in a massive rally has cost many a trader his/her account.

Put up a 40-60 bar H1/H4, today it starts at the bottom left of your screen and ends at the top right, guess where the trend is? Now look for your dips and buy the shite out of 'm. Keep doing it until your trade gets stopped out, then start thinking about CT-ing it.

As a next level to watch I have 5926, the R3.
  • #242,389
  • Aug 2, 2010 9:52am Aug 2, 2010 9:52am
Quoting grashid
wait at 1.594..good luck
this gonna be post of the day
Verily, in every difficulties there is relief
  • #242,390
  • Aug 2, 2010 9:55am Aug 2, 2010 9:55am
Quoting HowieTrader
Well, thank you for the detail.. Fortunately I haven't shorted any yet... The pair just jumped 15pips as of last reply...

Now that I can focus on trend-trading rather than momentum-snooping... Will stand aside the market at the moment, re-thinking about what I have learned today, changing trading strategy...
look at my posting on hulls 4hour and then using 15 min for entry ...

I am a vsa trader but I use hulls to alert me when trend is changing , then i look for strength or weakness in back ground using vsa...volume spread analysis

trend rules

I wonder how many have been burnt trying to sell gu last few days ... yet a simple rsx or hulls on a 4 hour has said buy dips only ... one thing I have been very tempted to do is sell gu and eu at resistance but hulls being green on 4 hour on both has kept me out of trades.
Blogging daily now at www.volume.zone
  • #242,391
  • Aug 2, 2010 10:00am Aug 2, 2010 10:00am
Quoting cloggie
There is a time and a place for countertrading, however as a "newer" trader I would figure out trend following first, lots easier. Predicting a reversal in a massive rally has cost many a trader his/her account.

Put up a 40-60 bar H1/H4, today it starts at the bottom left of your screen and ends at the top right, guess where the trend is? Now look for your dips and buy the shite out of 'm. Keep doing it until your trade gets stopped out, then start thinking about CT-ing it.

As a next level to watch I have 5926, the R3.
lol, cloggie daily is looking like tht now ha ha
  • #242,392
  • Aug 2, 2010 10:06am Aug 2, 2010 10:06am
Quoting malcolmb14
look at my posting on hulls 4hour and then using 15 min for entry ...

I am a vsa trader but I use hulls to alert me when trend is changing , then i look for strength or weakness in back ground using vsa...volume spread analysis

trend rules

I wonder how many have been burnt trying to sell gu last few days ... yet a simple rsx or hulls on a 4 hour has said buy dips only ... one thing I have been very tempted to do is sell gu and eu at resistance but hulls being green on 4 hour on both has kept me out of trades.
Malc,
I see volumes on decrease on daily time frame (GU)?
  • #242,393
  • Aug 2, 2010 10:07am Aug 2, 2010 10:07am
Quoting cloggie
...

As a next level to watch I have 5926, the R3.
I got long again at 72 when that aforementioned tl was tested ... was going to get out just above 5800, but have added 20 pips as per the above.
******************* I'd rather make money than be right.
  • #242,394
  • Aug 2, 2010 10:11am Aug 2, 2010 10:11am
Quoting 4xStar
What Cloggie means is ... he is a she

That's ok... people assume that everyone here is male.
Sorry to tell you, but I did NOT address her in the first place. She was "evasive" I thought in replying to me and then you very kindly sent me the document to read. Next thing I get her response which I must admit is lost on me.
Hercs
  • #242,395
  • Aug 2, 2010 10:12am Aug 2, 2010 10:12am
am going long since market open this week, TP at 1.6000
  • #242,396
  • Aug 2, 2010 10:15am Aug 2, 2010 10:15am
...
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  • #242,397
  • Aug 2, 2010 10:16am Aug 2, 2010 10:16am
Maximum statistical change will be reached soon compared to 7/15. 30-40 pips away. That's very rare.
  • #242,398
  • Aug 2, 2010 10:19am Aug 2, 2010 10:19am
Quoting hindart
Malc,
I see volumes on decrease on daily time frame (GU)?

futures is the best way to see this

seems a little down slope on the average but nothing major .. for now tg trend diamonds still green and no sign of upthrusts or no demand bars yet

we did see a no demand bar at 15600 ( red triangle) but that is now invalidated. again i would not have started looking for sells on this sign of weakness till a 4 hour chart trend changed

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  • #242,399
  • Aug 2, 2010 10:21am Aug 2, 2010 10:21am
...
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  • #242,400
  • Aug 2, 2010 10:26am Aug 2, 2010 10:26am
Here's what my 5 min chart looks like now...
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******************* I'd rather make money than be right.
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