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Cable Update (GBPUSD)

  • #246,641
  • Aug 18, 2010 8:13am Aug 18, 2010 8:13am
Quoting Sunsi
What is your TP?
what is teepee ?
  • #246,642
  • Aug 18, 2010 8:14am Aug 18, 2010 8:14am
Quoting wormboy
yea bro. unbelievable lol
You dont have to take on every 1 who thinks he's a fx genious dude,,, let them have their 5 min of fame... and crash down ))) no need 2 waste energy, time will do that 4 you... Yes there's a lot of crap in the thread,, but people only consider msgs from a few members who have contributed,, you being1 of them.
  • #246,643
  • Aug 18, 2010 8:14am Aug 18, 2010 8:14am
Quoting forexlion
what is teepee ?
Here:

http://www.tipi.co.uk/assets/images/tipi_02.jpg
"Flip that coin!"
  • #246,644
  • Aug 18, 2010 8:14am Aug 18, 2010 8:14am
Quoting 4xStar
For those following the box method, check out the 5 min chart, a near perfect example of consolidation & breakout.
Hi 4xStar

Please can you tell what ma's the 2 x blue bands are and whether you have been using them with the box

Many thanks
  • #246,645
  • Aug 18, 2010 8:15am Aug 18, 2010 8:15am
Quoting 4xStar
For those following the box method, check out the 5 min chart, a near perfect example of consolidation & breakout.
That's what I've been waiting for! Let's compare our boxes! I there anything like the "right" box?
Attached Image (click to enlarge)
Click to Enlarge Name: 012-5m-2.gif Size: 40 KB
  • #246,646
  • Aug 18, 2010 8:18am Aug 18, 2010 8:18am
Quoting CoffeeDrinke
seems like pound blew her last breath for the day
I don't see it on my chat. Price did higher high . And level 1.5628 still not broken. And also it is a new session and it is a new people who will move the market.
  • #246,647
  • Aug 18, 2010 8:20am Aug 18, 2010 8:20am
Cloggie really needs to comment on this, but I would say your boxes are too large .. this is usually a scalping method, so you define more narrow consolidations. Your bottom box is OK, but the top one, you would have missed that nice breakout. Compare with my chart.

Cloggie??

Quoting AnonYmos
That's what I've been waiting for! Let's compare our boxes! I there anything like the "right" box?
******************* I'd rather make money than be right.
  • #246,648
  • Aug 18, 2010 8:22am Aug 18, 2010 8:22am
Quoting Indyfx
Hi 4xStar

Please can you tell what ma's the 2 x blue bands are and whether you have been using them with the box

Many thanks
On that particular chart I toggle between 5 min and 15 min. The 2 ma's are 21 ema on high and 21 ema on low which form a channel. I ignore it on 5 min but on 15min it can be 'another tool in the box' as Cloggie would say.
******************* I'd rather make money than be right.
  • #246,649
  • Aug 18, 2010 8:22am Aug 18, 2010 8:22am
Quoting 4xStar
For those following the box method, check out the 5 min chart, a near perfect example of consolidation & breakout.
4xStar - Thank you!

Useful to see that. I had attempted to draw box - mine was totally wrong...haha.

I had it on 15 mins time frame - don't think that helped!

Practice, Practice......
  • #246,650
  • Aug 18, 2010 8:24am Aug 18, 2010 8:24am
Quoting 4xStar
On that particular chart I toggle between 5 min and 15 min. The 2 ma's are 21 ema on high and 21 ema on low which form a channel. I ignore it on 5 min but on 15min it can be 'another tool in the box' as Cloggie would say.
Thanks
  • #246,651
  • Aug 18, 2010 8:25am Aug 18, 2010 8:25am
Quoting skerdi-meta
You dont have to take on every 1 who thinks he's a fx genious dude,,, let them have their 5 min of fame... and crash down ))) no need 2 waste energy, time will do that 4 you... Yes there's a lot of crap in the thread,, but people only consider msgs from a few members who have contributed,, you being1 of them.
Yes you can follow bullshit or the truth.. its our decision to decide. After donating to brokers you will look for me. guess what? i'm still here.
So lets see how long my 5 minutes of fame will last?




So help me God.
  • #246,652
  • Aug 18, 2010 8:26am Aug 18, 2010 8:26am
Quoting AnonYmos
That's what I've been waiting for! Let's compare our boxes! I there anything like the "right" box?
change your time frame too H4 and create new boxes... it may help
Verily, in every difficulties there is relief
  • #246,653
  • Aug 18, 2010 8:27am Aug 18, 2010 8:27am
Quoting wormboy
Hi matt, yup same position for the third day now. We've been here before, I won't switch as long as price stays below the W1 pvp.

Have a good one!
Thx for your comment. In action I miss details sometimes.
No new high on 4h so you are right, no reason to change bias yet.

99.9% of my call are self made but sometimes it help to have feed back.
Went back in around 80, BE now, let's see if it can ride til 5420!

Wish you the best whit this one!
Soon!
"Flip that coin!"
  • #246,654
  • Aug 18, 2010 8:27am Aug 18, 2010 8:27am
Quoting Piotr1
I don't see it on my chat. Price did higher high . And level 1.5628 still not broken. And also it is a new session and it is a new people who will move the market.
US was just at begining, so london went higher after extended up move in current down move i would suspect a reversal(sell strenght) and thts wht we got, we got divergence, tht indicates weakness in the uptrend, and it also made lik 3triple tops, so you dont need tht break of 1,5628 to short on this trade.
  • #246,655
  • Aug 18, 2010 8:27am Aug 18, 2010 8:27am
Quoting AnonYmos
That's what I've been waiting for! Let's compare our boxes! I there anything like the "right" box?
I would say the size you have colored in will be more apt to catch the bigger swings out of the day , the little one you had in the big one the other day would be more of the scalping box to go with the longer trend at the time , cloggie bash away if you have a different discription
  • #246,656
  • Aug 18, 2010 8:28am Aug 18, 2010 8:28am
Quoting Sunsi
What is your TP?
same as before mate. 1.5420
Thank You
  • #246,657
  • Aug 18, 2010 8:28am Aug 18, 2010 8:28am
Quoting primzvicious
change your time frame too H4 and create new boxes... it may help
That is for swing trading .. it is useful to make boxes on the 4h then toggle the chart to 5 min and watch price action within the box .. it will give you a whole new perspective on determining intermediate trend.
******************* I'd rather make money than be right.
  • #246,658
  • Aug 18, 2010 8:30am Aug 18, 2010 8:30am
Quoting wormboy
same as before mate. 1.5420
Okey, I have myT3. In that area my self.

Do you have a wide SL?
And also, when do you hope to get there ?
Gl with the trade! =)
  • #246,659
  • Aug 18, 2010 8:30am Aug 18, 2010 8:30am
Quoting 4xStar
That is for swing trading .. it is useful to make boxes on the 4h then toggle the chart to 5 min and watch price action within the box .. it will give you a whole new perspective on determining intermediate trend.
i just want to stressed that 4H box is not broke yet
Verily, in every difficulties there is relief
  • #246,660
  • Aug 18, 2010 8:30am Aug 18, 2010 8:30am
Quoting skerdi-meta
You dont have to take on every 1 who thinks he's a fx genious dude,,, let them have their 5 min of fame... and crash down ))) no need 2 waste energy, time will do that 4 you... Yes there's a lot of crap in the thread,, but people only consider msgs from a few members who have contributed,, you being1 of them.
thanks brother,

I wasn't trying to, but he said I sent him a pm which I didn't!. Just wanted to know what that was about.
Hope you're trading well my friend.

I'm outta here. Good luck
Thank You
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