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Cable Update (GBPUSD)

  • #258,881
  • Oct 6, 2010 5:13am Oct 6, 2010 5:13am
Quoting bbakker
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."
Too true.
Dan TheMan
  • #258,882
  • Oct 6, 2010 5:14am Oct 6, 2010 5:14am
Sold EUR/GBP looking for 10 pips
Dan TheMan
  • #258,883
  • Oct 6, 2010 5:16am Oct 6, 2010 5:16am
If the support 15870 is broked then we run downtrend
  • #258,884
  • Oct 6, 2010 5:17am Oct 6, 2010 5:17am
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
I totally agree and I hate trading with metatrader (demo), however I believe I have noticed a reoccuring pattern within a specific pair and the only way to fully take advantage of it is through metatrader.

quote...requote....requote....

I don't know how anybody does it !!
  • #258,885
  • Oct 6, 2010 5:19am Oct 6, 2010 5:19am
Quoting bbakker
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."

EA cannot evolve..market characterisc is to evolve..so in the end EA gonna kill u
  • #258,886
  • Oct 6, 2010 5:22am Oct 6, 2010 5:22am
Quoting nAVIN2007
thinking is meaningless..
ah Navin, i just want to proof that i have brain, and it work...,
I will be the number one Manager.
  • #258,887
  • Oct 6, 2010 5:22am Oct 6, 2010 5:22am
Quoting Pipwanderer
what is the current on the cable....down trend or uptrend
Let me take you down cause i,m goin to strawberry fields.
Nothing is real
Strawberry fields forever.
Living is easy with eyes closed...
Joke. Up and down and up again
  • #258,888
  • Oct 6, 2010 5:22am Oct 6, 2010 5:22am
EURCHF SOLD and DRAGON bought. Hope i get out of this alive! DD of abt 70 pips on each. No signal from cable yet. waiting for retrace to buy.
  • #258,889
  • Oct 6, 2010 5:23am Oct 6, 2010 5:23am
Quoting Dayboy001
I totally agree and I hate trading with metatrader (demo), however I believe I have noticed a reoccuring pattern within a specific pair and the only way to fully take advantage of it is through metatrader.

quote...requote....requote....

I don't know how anybody does it !!
Nothing to do with MetaTrader, but rather your broker and in a fast moving market this will happen. You can avoid this by placing orders rather than market execution. Each has its benefits and drawbacks.
  • #258,890
  • Oct 6, 2010 5:23am Oct 6, 2010 5:23am
Quoting nAVIN2007
EA cannot evolve..market characterisc is to evolve..so in the end EA gonna kill u
cleared all my longs off the table bro. flat now
Thank You
  • #258,891
  • Oct 6, 2010 5:24am Oct 6, 2010 5:24am
Quoting Dayboy001
I totally agree and I hate trading with metatrader (demo), however I believe I have noticed a reoccuring pattern within a specific pair and the only way to fully take advantage of it is through metatrader.

quote...requote....requote....

I don't know how anybody does it !!
so what you need is a script to buy/sell at user defined price.
  • #258,892
  • Oct 6, 2010 5:24am Oct 6, 2010 5:24am
Quoting pips stunner
EURCHF SOLD and DRAGON bought. Hope i get out of this alive! DD of abt 70 pips on each. No signal from cable yet. waiting for retrace to buy.

Nice sell on EUR / CHF

Wouldn't look to buy cable. I am selling above 1.59
Dan TheMan
  • #258,893
  • Oct 6, 2010 5:24am Oct 6, 2010 5:24am
forget something, Sell, both euro and Gu, but sorry no chart.
I will be the number one Manager.
  • #258,894
  • Oct 6, 2010 5:26am Oct 6, 2010 5:26am
Quoting samdol
so what you need is a script to buy/sell at user defined price.
yes
  • #258,895
  • Oct 6, 2010 5:27am Oct 6, 2010 5:27am
Quoting wormboy
cleared all my longs off the table bro. flat now
Verily, in every difficulties there is relief
  • #258,896
  • Oct 6, 2010 5:29am Oct 6, 2010 5:29am
Quoting primzvicious
cheers mate, don't seem like 888 is going to hold. not taking my chances here
Thank You
  • #258,897
  • Oct 6, 2010 5:31am Oct 6, 2010 5:31am
Quoting wormboy
cheers mate, don't seem like 888 is going to hold. not taking my chances here
I sold
Thank You
  • #258,898
  • Oct 6, 2010 5:33am Oct 6, 2010 5:33am
5min chart like shark,s mouth ready to swallow a bull
  • #258,899
  • Oct 6, 2010 5:34am Oct 6, 2010 5:34am
Quoting wormboy
cheers mate, don't seem like 888 is going to hold. not taking my chances here

im holding short 911 since asian session

http://cdn.forexfactory.com/attachme...7&d=1286325638

Quoting primzvicious
same trading range, now with opposite direction with expected lower target

good luck
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #258,900
  • Oct 6, 2010 5:34am Oct 6, 2010 5:34am
Quoting primzvicious
wormy is follow me
I will be the number one Manager.
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