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Cable Update (GBPUSD)

  • #243,581
  • Aug 5, 2010 10:44am Aug 5, 2010 10:44am
Quoting 4xStar
It is & I did.

IT is one of those things that is so simple it should not be legal.
  • #243,582
  • Aug 5, 2010 10:44am Aug 5, 2010 10:44am
Quoting 4xStar
Another good day trading with the boxes .. I've rode it up & back down again, total about +75. Once trend is there (river is flowing) I often go to 1 minute & add at pullbacks to the 50 ema. (lower chart)

Not interested in where she goes ultimately .. or what the various trollls & muppets are chattering about, I'm just following the intraday flow & learning to grab the pips when they appear.

Hi, I was wondering why you use the 50 ema, instead of say a 20ema?
  • #243,583
  • Aug 5, 2010 10:45am Aug 5, 2010 10:45am
Quoting wormboy
Hi tau, how's it going bro? Still selling?



okay bro, jumpa di sana!
Yip - the plan has not changed. Still selling GU, EU, EJ and Dragon. Have been underwater most of the time since last week Monday, but found some real treasures there.

So stacked them. Targets in my journal. These will also not change. Collection at a later date.

Wish you all the best

Regards
  • #243,584
  • Aug 5, 2010 10:46am Aug 5, 2010 10:46am
Quoting 4xStar
Click on paperclip icon at upper right of this thread, in pop-up click 'hide images' then you should see a .doc file called Converstion with Cloggie .. etc .. a long name. Download & read that for explanation of what Cloggie taught us last week. Then go over relevant posts since last Friday.
Hey 4xStar,

Sweeeet!!...thanks for that!!
There's 3 different documents, shall read all..

much appreciated!
Adrian
  • #243,585
  • Aug 5, 2010 10:46am Aug 5, 2010 10:46am
Quoting digger1
lol, dont worry about it wormie , collect the pips and carry on ha ha
hey dig how are you

yea trying to do just that. bit slow at getting paid this time since taking em off the H4. But getting there. I better. The wife wants a sundeck.
A sundeck in the 45 degrees equator heat!!
Thank You
  • #243,586
  • Aug 5, 2010 10:47am Aug 5, 2010 10:47am
Quoting 4xStar
It is & I did.

You need to really study price patterns now to make it even more effective, you will be able to get out of your trades without it even breaking your box.
  • #243,587
  • Aug 5, 2010 10:47am Aug 5, 2010 10:47am
Quoting cloggie
Works on any TF, find the trend on the higher one and enter on the fast one. Price is Price is does not know what chart you use to look at it, it doesn't care how you view it, it does its own thing.
Hey Cloggie..

thank you once again for all your help and explainations!!

Adrian
  • #243,588
  • Aug 5, 2010 10:48am Aug 5, 2010 10:48am
Quoting wormboy
hey dig how are you

yea trying to do just that. bit slow at getting paid this time since taking em off the H4. But getting there. I better. The wife wants a sundeck.
A sundeck in the 45 degrees equator heat!!
ha ha , welp seems they can spend in money in ways you never thought possible lol
  • #243,589
  • Aug 5, 2010 10:48am Aug 5, 2010 10:48am
Thanx so much for ur help

cloggie, do we draw trend line for each and every time time frame or followup the same in all frames................i really dont understand how to trade on these time frames..........as if i look on 15 minute it shows descending but at the same time on 1 minute it shows price ascending.
  • #243,590
  • Aug 5, 2010 10:49am Aug 5, 2010 10:49am
Quoting chitindu
Thanx so much for ur help

cloggie, do we draw trend line for each and every time time frame or followup the same in all frames................i really dont understand how to trade on these time frames..........as if i look on 15 minute it shows descending but at the same time on 1 minute it shows price ascending.

All depends on your strategy, for me the M1 is noise and I ignore it, H1/M30 are the triggers and M5/15 the entries for day trading. My TL's and levels for the day's plan always go on M30. Breakout goes on M5/15 because they are the entries.
  • #243,591
  • Aug 5, 2010 10:50am Aug 5, 2010 10:50am
Quoting cloggie
IT is one of those things that is so simple it should not be legal.

Shhh ... govt opps may be lurking ...
******************* I'd rather make money than be right.
  • #243,592
  • Aug 5, 2010 10:51am Aug 5, 2010 10:51am
please could you tell me how you plan your entries and exits.
  • #243,593
  • Aug 5, 2010 10:51am Aug 5, 2010 10:51am
Quoting 4xStar
It is & I did.

5853-5837
  • #243,594
  • Aug 5, 2010 10:53am Aug 5, 2010 10:53am
Quoting chitindu
please could you tell me how you plan your entries and exits.

You identify an area of consolidation on a lower TF and you enter once that breaks in the direction of the larger TF. You don't have to start at the LO, you can start at any point in the day, Identify the trend on M30/H1 and take your first entry on the break of M5/15 consolidation in the same direction, find the next area and stay in if the break remains in the same direction, get out if it doesn't, rinse and repeat. That is how you trade price. Once you get the hang of that you need to really study and understand price patterns, as in candle and candle formation to fine tune PA trading.
  • #243,595
  • Aug 5, 2010 10:54am Aug 5, 2010 10:54am
coz whenever i enter a trade its turns its direction............75% of times. I tried to read a lot on the internet and videos as well but didnt find anything helpful
  • #243,596
  • Aug 5, 2010 10:54am Aug 5, 2010 10:54am
http://nsa16.casimages.com/img/2010/...3524115073.jpg

http://nsa17.casimages.com/img/2010/...4600218036.jpg

http://nsa17.casimages.com/img/2010/...5956420942.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/

  • #243,597
  • Aug 5, 2010 10:55am Aug 5, 2010 10:55am
i am sorry what is TF.
  • #243,598
  • Aug 5, 2010 10:56am Aug 5, 2010 10:56am
ohh sorry, that was really stupid of me..........i got it its Time frame
  • #243,599
  • Aug 5, 2010 10:56am Aug 5, 2010 10:56am
Quoting cloggie
All depends on your strategy, for me the M1 is noise and I ignore it, H1/M30 are the triggers and M5/15 the entries for day trading. My TL's and levels for the day's plan always go on M30. Breakout goes on M5/15 because they are the entries.
To further clarify .. you check daily & 4 hour for overall trend
On 30 min draw your trendlines, s/r levels and plan for the day.
15 min .. start watching for entry setups
5 minute .. this is where I make the boxes. The boxes are only a VISUAL AID to train the eye to see price movement.
As price consolidates then breaks out to the next box, up or down, if it fits your plan on 30 min, take the trade (candle should close within the next box). Stop at bottom of previous box.
If the above agrees with daily & 4 h trend, it is a stronger probabilty trade . you might give it a bit more room to play. If against the larger trend (CT - counter trend play) be more cautious.

Practice-practice-practice & copy/paste all Cloggie posts into a doc on your desktop that you can re-read frequently. Soon enough you will 'see' it.
******************* I'd rather make money than be right.
  • #243,600
  • Aug 5, 2010 10:56am Aug 5, 2010 10:56am
Quoting chitindu
coz whenever i enter a trade its turns its direction............75% of times. I tried to read a lot on the internet and videos as well but didnt find anything helpful

IT is something that everybody knew and used for 100 years until some smucks invented Indy's and it has quietely been forgotten by most retailers, Indy's look so much prettier, all shiny and stuff.
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