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Cable Update (GBPUSD)

  • #258,861
  • Oct 6, 2010 4:59am Oct 6, 2010 4:59am
Quoting WanderingDan
Morning all,

Having made money overnight, I started my day by foolishly clicking on close and taking a 676.20 loss on EUR/USD.

This is the problem with one click trading!!!!!
Oh boy, things can only get better I guess!
  • #258,862
  • Oct 6, 2010 5:01am Oct 6, 2010 5:01am
Quoting WanderingDan
Morning all,

Having made money overnight, I started my day by foolishly clicking on close and taking a 676.20 loss on EUR/USD.

This is the problem with one click trading!!!!!
painful
  • #258,863
  • Oct 6, 2010 5:01am Oct 6, 2010 5:01am
Quoting Dayboy001
Does anybody know metatrader and be willling to help me with code an EA?
Wrong thread! Try creating a new thread with your requirements on http://www.forexfactory.com/forumdisplay.php?f=69

P.S. Stay away from EAs... they simply do not work over time! I challenge anyone to prove me wrong...

http://www.forexfactory.com/showthre...91#post4032391
  • #258,864
  • Oct 6, 2010 5:02am Oct 6, 2010 5:02am
what is the current on the cable....down trend or uptrend
  • #258,865
  • Oct 6, 2010 5:03am Oct 6, 2010 5:03am
Quoting Sutts
Oh boy, things can only get better I guess!
Let's hope so.

It cancelled out everything I made on the Asia markets.

I left several positions in play, they cashed in nicely and then one slip kills the profit.
I wouldn't mind, but that position should be heading into profit later today....

How very annoying!
Dan TheMan
  • #258,866
  • Oct 6, 2010 5:03am Oct 6, 2010 5:03am
Quoting bbakker
Wrong thread! Try creating a new thread with your requirements on http://www.forexfactory.com/forumdisplay.php?f=69
Thanks BBaker I just remember someone helping someone else in here a few weeks ago and thought it was worth an ask.
  • #258,867
  • Oct 6, 2010 5:03am Oct 6, 2010 5:03am
Tend to use fibs and fans, and sometimes expansions, on swings, whilst following trend as determined by at least a 4hr chart - for anything other than a play at scalping. Don't do anything under an hour.

Link shows basic build... could search through previous submissions for build sequence, but as bbakker rightly states, Fibonacci studies can be very subjective.

http://www.forexfactory.com/showpost...&postcount=533
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #258,868
  • Oct 6, 2010 5:04am Oct 6, 2010 5:04am
Quoting Pipwanderer
what is the current on the cable....down trend or uptrend
I am short. Not expecting it to wander much beyond 1.5930 - 1.5860
Dan TheMan
  • #258,869
  • Oct 6, 2010 5:05am Oct 6, 2010 5:05am
Quoting Pipwanderer
what is the current on the cable....down trend or uptrend
What timeframe?
  • #258,870
  • Oct 6, 2010 5:05am Oct 6, 2010 5:05am
Quoting WanderingDan
Morning all,

Having made money overnight, I started my day by foolishly clicking on close and taking a 676.20 loss on EUR/USD.

This is the problem with one click trading!!!!!
Morning....watch those trigger happy fingers
Enter Signature
  • #258,871
  • Oct 6, 2010 5:05am Oct 6, 2010 5:05am
i think all is over...
I will be the number one Manager.
  • #258,872
  • Oct 6, 2010 5:06am Oct 6, 2010 5:06am
Quoting WanderingDan
I am short. Not expecting it to wander much beyond 1.5930 - 1.5860
I am still short but that candle after to huge bear with wicks...was a little
  • #258,873
  • Oct 6, 2010 5:06am Oct 6, 2010 5:06am
Quoting Dayboy001
Thanks BBaker I just remember someone helping someone else in here a few weeks ago and thought it was worth an ask.
Stay away from EAs... they simply do not work over time! I challenge anyone to prove me wrong...

http://www.forexfactory.com/showthre...91#post4032391

EDIT: Corrected the link
  • #258,874
  • Oct 6, 2010 5:08am Oct 6, 2010 5:08am
[quote=WanderingDan;4076144]I am short. Not expecting it to wander much beyond 1.5930 - 1.5860[/quthat candle after the large red one
  • #258,875
  • Oct 6, 2010 5:09am Oct 6, 2010 5:09am
Quoting javapips
i think all is over...
thinking is meaningless..
  • #258,876
  • Oct 6, 2010 5:09am Oct 6, 2010 5:09am
Quoting darrenware
Morning....watch those trigger happy fingers
Morning mate,

Yep, what a plonker!!!!

Can't believe I did it.
The Mrs distracted me with a chat about calorie counting and instead of editing the stop, I clicked on close!

She was going to walk away, until she realised I was not blowing my top! :-(
Dan TheMan
  • #258,877
  • Oct 6, 2010 5:10am Oct 6, 2010 5:10am
[quote=Pipwanderer;4076161]
Quoting WanderingDan
I am short. Not expecting it to wander much beyond 1.5930 - 1.5860[/quthat candle after the large red one

huh?
Dan TheMan
  • #258,878
  • Oct 6, 2010 5:10am Oct 6, 2010 5:10am
Quoting bbakker
Stay away from EAs... they simply do not work over time! I challenge anyone to prove me wrong...

http://www.forexfactory.com/showthre...91#post4032391

EDIT: Corrected the link

Correct, they don't.
Dan TheMan
  • #258,879
  • Oct 6, 2010 5:11am Oct 6, 2010 5:11am
Quoting Dayboy001
Thanks BBaker I just remember someone helping someone else in here a few weeks ago and thought it was worth an ask.
Here is an extract from someone who knows what he is talking about -

"There is no EA that can consistantly beat the market. Some back and forward test well but don't perform well live. Some have huge drawdowns that would destroy a normal live account. Some collect too small amount of pips per trade, so even if they test well in demo, when you run them live, slippage and spread make them unprofitable. Some of the stuff I have tested was written by very smart people, and all of them eventually fail."
  • #258,880
  • Oct 6, 2010 5:12am Oct 6, 2010 5:12am
Just bought GBP/CAD looking for 20 pips
Dan TheMan
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