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Cable Update (GBPUSD)

  • #247,141
  • Aug 19, 2010 9:14am Aug 19, 2010 9:14am
Any remember the movie Ground Hogs Day.
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  • #247,142
  • Aug 19, 2010 9:14am Aug 19, 2010 9:14am
Quoting cloggie
Got in on the break of the range on the momentum bar. 5618 and DP are next key levels.
nice, talking about momentum on m5?

Both Triggered! thanks to philly numbers?
@pawpaw1000 on Twitter
  • #247,143
  • Aug 19, 2010 9:15am Aug 19, 2010 9:15am
LOL i dont want to sound alittle behind the time here, but every 5min box this box tht haha, cloggy do you have any explination somewhere, where you give clear explination of this method, so i can see wht everyone here is seeing, because man, you guys talking boxenees, dont understand tht lang haha.
  • #247,144
  • Aug 19, 2010 9:15am Aug 19, 2010 9:15am
news bring bad data for USD..but it seem GU going down..what happen i dont know..
but i sure glad that happen..
i move my SL short op to BE+1...
Revesal Trader
  • #247,145
  • Aug 19, 2010 9:15am Aug 19, 2010 9:15am
Quoting cloggie
Got in on the break of the range on the momentum bar. 5618 and DP are next key levels.
Was the range base 5645, 5650 or something else?

Thanks
  • #247,146
  • Aug 19, 2010 9:16am Aug 19, 2010 9:16am
Quoting CoffeeDrinke
LOL i dont want to sound alittle behind the time here, but every 5min box this box tht haha, cloggy do you have any explination somewhere, where you give clear explination of this method, so i can see wht everyone here is seeing, because man, you guys talking boxenees, dont understand tht lang haha.

Nope, just basic PA trading. Not a system per se. No thread started on the subject, no indicators, just basic PA trading. 4Xstar made up the bit about the boxes as a visual aid.
  • #247,147
  • Aug 19, 2010 9:18am Aug 19, 2010 9:18am
Quoting CoffeeDrinke
LOL i dont want to sound alittle behind the time here, but every 5min box this box tht haha, cloggy do you have any explination somewhere, where you give clear explination of this method, so i can see wht everyone here is seeing, because man, you guys talking boxenees, dont understand tht lang haha.
he draws two lines when we range at the upper part and the lower, usually on m5 and we then call this a box. Pa then must break out of the box for us to take the trade...

k?

Cloggs, hows that bounce off m15 25!
@pawpaw1000 on Twitter
  • #247,148
  • Aug 19, 2010 9:19am Aug 19, 2010 9:19am
Quoting pawpaw1000
he draws two lines when we range at the upper part and the lower, usually on m5 and we then call this a box. Pa then must break out of the box for us to take the trade...

k?

Cloggs, hows that bounce off m15 25!

Yeah, I took all of 2 pips on that one. Flat again. Back to the TL, someone really wants that one.

Time for tea.
  • #247,149
  • Aug 19, 2010 9:19am Aug 19, 2010 9:19am
With the last test on the bottom range, a nice bear flag seems to have formed. A break below 1.5625 would signal a short.
  • #247,150
  • Aug 19, 2010 9:21am Aug 19, 2010 9:21am
Quoting cloggie
Yeah, I took all of 2 pips on that one. Flat again. Back to the TL, someone really wants that one.

Time for tea.
I got a shitty entry so am still in, really didn't expect this! darn...

Got s/l at - 30 pips which is 1.5% of acc but am watching PA closely...
@pawpaw1000 on Twitter
  • #247,151
  • Aug 19, 2010 9:22am Aug 19, 2010 9:22am
Quoting pawpaw1000
he draws two lines when we range at the upper part and the lower, usually on m5 and we then call this a box. Pa then must break out of the box for us to take the trade...

k?

Cloggs, hows that bounce off m15 25!
Was anything ever written on how to properly draw these M5 boxes pawpaw.
I'd appreciate any pointers.

Thanks
  • #247,152
  • Aug 19, 2010 9:22am Aug 19, 2010 9:22am
Quoting cloggie
Nope, just basic PA trading. Not a system per se. No thread started on the subject, no indicators, just basic PA trading. 4Xstar made up the bit about the boxes as a visual aid.
LOL because of my comment other day on liberals haha, i am on 4xstars 'iggy' list lol, so i dont think 4xstar will be keen to show me charts .
Would you mind just posting a chart with a 'box' so i can just see wht you talking about when you talking about a 'box'.
  • #247,153
  • Aug 19, 2010 9:23am Aug 19, 2010 9:23am
Quoting CoffeeDrinke
LOL because of my comment other day on liberals haha, i am on 4xstars 'iggy' list lol, so i dont think 4xstar will be keen to show me charts .
Would you mind just posting a chart with a 'box' so i can just see wht you talking about when you talking about a 'box'.

Nothing special really, just identify a range on the lower TF and trade the breakout in the direction of the higher one. That's pretty much it.
  • #247,154
  • Aug 19, 2010 9:24am Aug 19, 2010 9:24am
Quoting CoffeeDrinke
LOL because of my comment other day on liberals haha, i am on 4xstars 'iggy' list lol, so i dont think 4xstar will be keen to show me charts .
Would you mind just posting a chart with a 'box' so i can just see wht you talking about when you talking about a 'box'.

search Cloggie's posts, he flings up box charts regularly - let the guy trade
  • #247,155
  • Aug 19, 2010 9:25am Aug 19, 2010 9:25am
Quoting cloggie
Nice isn't it how a simple visualisation makes you focus on price and trade accordingly.
Indeed, all about the visual. MTV generation and all that.

Looks like a fake break. Possibly a quick retest? Back at the top of the box I mentioned before so will taken another short at 5662. TP 10 pips away and then will wait to see if it decides to find a direction.
  • #247,156
  • Aug 19, 2010 9:25am Aug 19, 2010 9:25am
Quoting CoffeeDrinke
LOL because of my comment other day on liberals haha, i am on 4xstars 'iggy' list lol, so i dont think 4xstar will be keen to show me charts .
Would you mind just posting a chart with a 'box' so i can just see wht you talking about when you talking about a 'box'.
Cloggs, Mind posting one of your mind boggling boxes?

or someone else, dont have my other platform now...
@pawpaw1000 on Twitter
  • #247,157
  • Aug 19, 2010 9:26am Aug 19, 2010 9:26am
Quoting Bitstream
With the last test on the bottom range, a nice bear flag seems to have formed. A break below 1.5625 would signal a short.

Bits, a break below 5625, does'nt mean anything. price has been range bound for over a week.

Only significant points to look at right now are 496, and 710.
  • #247,158
  • Aug 19, 2010 9:26am Aug 19, 2010 9:26am
Quoting Magic Hat
Indeed, all about the visual. MTV generation and all that.

Looks like a fake break. Possibly a quick retest? Back at the top of the box I mentioned before so will taken another short at 5662. TP 10 pips away and then will wait to see if it decides to find a direction.

We are actually forming a right angled broadening top on the 15. GM calls it a megaphone, same thing. Am going to enjoy my tea while I wait for the d@rn thing to go.
  • #247,159
  • Aug 19, 2010 9:28am Aug 19, 2010 9:28am
Quoting Magic Hat
Indeed, all about the visual. MTV generation and all that.

Looks like a fake break. Possibly a quick retest? Back at the top of the box I mentioned before so will taken another short at 5662. TP 10 pips away and then will wait to see if it decides to find a direction.
nah, reckon we still going down, seemed very kneejerk! there was ALOT of power behind the last down move and then it seems like someone or something pushed us back up...

Got stopped on 20% of my position, still holding the rest down 8 pips...

Inserted Video
@pawpaw1000 on Twitter
  • #247,160
  • Aug 19, 2010 9:33am Aug 19, 2010 9:33am
Quoting Sutts
Was anything ever written on how to properly draw these M5 boxes pawpaw.
I'd appreciate any pointers.

Thanks
Here is what 4xStar wrote up on using boxes ...
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