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Cable Update (GBPUSD)

  • #261,981
  • Oct 27, 2010 2:31am Oct 27, 2010 2:31am
Quoting NoahEffect
This shit is childish and boring. I thought there were traders here.
Unfortunately this is an open public forum and mud slinging is part and parcel. Not everyone is willing to discuss as they are set in their own ways whether they are successful traders or not. There are others who are new to the game and willing to learn. Then you have your old dogs who are successful traders but are always looking to improve or add to their current systems. Then you have your loonies with their egos who just spout shite.

Yes, we are a mixed bunch in here but we all have one thing in common and that is trading Forex. Please do not take any of it personally. Remember, if you don't like someone, you can always put them on your ignore list by clicking on their profile and select 'Ignore'. If any posts are truely offense, you can click on the 'cleaner spray' icon in the top right of the post in question and submit a cleanup report. Twee, the site administrator, will remove the said post within 24 hrs.

You will need to be thick skinned and if possible avoid getting drawn into any of the mud slinging. I learned over time that this activity is just a waste of our precious time.
  • #261,982
  • Oct 27, 2010 2:36am Oct 27, 2010 2:36am
Quoting kocurko
Thanks a lot m8, really interesting stuff. I checked your indi but still didnt see the big purple line there...you sent me LCpivots, zero lag MACD and no lagMA. Should i change numbers in nolagMA to make this big purple line or ? thanks
The purple line is the no lag MA...aqua when buying, magenta when selling.

Set it for the speeds that you prefer, or keep to the ones in the tpl.
Attached File(s)
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 309 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,983
  • Oct 27, 2010 2:37am Oct 27, 2010 2:37am
Quoting bbakker
Then you have your loonies with their egos who just spout shite.
Hey!

I resemble that comment!

Buwahahahahahah
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,984
  • Oct 27, 2010 2:39am Oct 27, 2010 2:39am
Quoting bbmac
The drop down from yesterday's Hi around weekly r1 pivot continues into early london session, price now @ 63% of it's 20day average pip range, the lo breeching the weekly pivot around 5776 area.

Much alterered 1hr screenshot now in respect of potential supp/res/sbr/rbs factors.

G/L
Hey bbmac,

Very interesting charts you have posted on the intraday plot.

I see you use the 200SMA, it is a very bearish sloped fakeout move on the chart you posted, but when you look at the 4 hour intraday plot, the formation seems quite reversed with the drop off the open today moving down to test the 4 hour 200SMA after two bullish sloped fakeout moves...how do you interpret this?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 97 KB


If we assume 200SMA on the 4 hour plot is now a support zone, are you looking to trigger long or wait for a break down and trigger short?

I always feel antsy about buying the pound since 2008
  • #261,985
  • Oct 27, 2010 2:48am Oct 27, 2010 2:48am
..on short side from yesterday..i'm lovi'n it..
  • #261,986
  • Oct 27, 2010 2:48am Oct 27, 2010 2:48am
Quoting NoahEffect
If we assume 200SMA on the 4 hour plot is now a support zone, are you looking to trigger long or wait for a break down and trigger short?

I always feel antsy about buying the pound since 2008
The long battle over EMA/SMA.

I have heard a lot o the pros prefer the SMA, but I really have no idea why.

The track record on the 200EMA, (All time frames), in my books is proven by value on a daily basis.

This is one of them times to take the 3rd position. We are short chart on current, but still hold daily/H4 support. Take a trade and try catch bottoms, or possibly sell the bottom of the chart...

Hrmmmmmmmmmmmmm.
Attached Image (click to enlarge)
Click to Enlarge Name: 200ema.jpg Size: 108 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,987
  • Oct 27, 2010 2:57am Oct 27, 2010 2:57am
Quoting NoahEffect
Hey bbmac,

Very interesting charts you have posted on the intraday plot.

I see you use the 200SMA, it is a very bearish sloped fakeout move on the chart you posted, but when you look at the 4 hour intraday plot, the formation seems quite reversed with the drop off the open today moving down to test the 4 hour 200SMA after two bullish sloped fakeout moves...how do you interpret this?
Attachment

If we assume 200SMA on the 4 hour plot is now a support zone, are you looking to trigger long or wait for a break down and trigger short?...
Yeh effectively 2 x LH on the 1hr now before the breakdown to curret intraday lows. I do use the 100sma and 200sma on 1hr + charts mainly to see if it figures in any supp/res factors confluence...the current lo being an example it being a previous 1hr swing hi zone (potential rbs) 76.4% of yesterday's lo-hi and that 200sma on 4hr as you mention.

My style is to play repeating hi-probability proprietary patterns at such pre-identifies potential supp/res/sbr/rbs factors confluenceand although I did get long at that area on a 1min set-up supported by a potential 5min set-up....It is counter trend so until pa tells me otherwise I set targets appropriately. The 1min set-up from which I entered is shown below-a bullish divergence based counter trend set-up with a bullish engulf trigger.

G/L
Attached Image
ex member
  • #261,988
  • Oct 27, 2010 3:02am Oct 27, 2010 3:02am
The current 1hr chart in respect of potential supp/res/sbr/rbs factors is shown below....price @ 65% of it's 20day average pip range and has garnished some demand at that 76.4% fib of yesterday's lo-hi.

G/L

http://www.easy-upload.net/fichiers/z.2010102710143.gif
ex member
  • #261,989
  • Oct 27, 2010 3:03am Oct 27, 2010 3:03am
Quoting Magix
The long battle over EMA/SMA.

I have heard a lot o the pros prefer the SMA, but I really have no idea why.

The track record on the 200EMA, (All time frames), in my books is proven by value on a daily basis.

This is one of them times to take the 3rd position. We are short chart on current, but still hold daily/H4 support. Take a trade and try catch bottoms, or possibly sell the bottom of the chart...

Hrmmmmmmmmmmmmm.
Hi Magix, thanks for your thoughts on this!

I do have a sell stop at the "bottom of the chart" waiting as mentioned earlier. Still in the Tokyo long at -1%.

Was not aware of any battle between EMA and SMA (tell me more?) they are both very useful tools in my mind, I appreciate the ability to see exponentially smoothed price at 5% or 10% smoothing of the Long Gilt for example, SMA cannot perform this task!

In the case of a 200EMA, you are painting a <1% (2/201) smoothing rate, in a 24h market like forex I am not sure the EMA has a special advantage for this sort of smooth on intraday plots. There is an easy way to check though, plot both the EMA and SMA on your chart, and note the differences between crossing points. If they are high, there is some difference, otherwise not. Easy. Assuming you find a difference it is then up to you to determine which has the better edge (although my guess is you've already decided )

The problem with MAs is the market will always be bouncing off one or the other at some point no matter what due to its mean reverting nature, it is always reverting to one mean or another. I have heard of some traders using dynamic period fibonacci or Murrey Math lines as an alternative. You ever tried to plot the 50% of high/low of the last 200 periods, or similar exercise?
  • #261,990
  • Oct 27, 2010 3:11am Oct 27, 2010 3:11am
Morning all...I'm selling rallies under 15825...good luck
Attached Image (click to enlarge)
Click to Enlarge Name: dcb2.PNG Size: 43 KB
  • #261,991
  • Oct 27, 2010 3:18am Oct 27, 2010 3:18am
some hidden divergence building in 5min oscillators, although pa on that t/f showing some strength with 2 x HL and a HH now

G/L

http://www.easy-upload.net/fichiers/...1027101716.gif
ex member
  • #261,992
  • Oct 27, 2010 3:22am Oct 27, 2010 3:22am
Quoting chazzle
Morning all...I'm selling rallies under 15825...good luck

Good too see someone I'm taking money from
  • #261,993
  • Oct 27, 2010 3:25am Oct 27, 2010 3:25am
Rumour has it that Cloggie is too buzy after poisoning the Octopus that caused Holland to lo(o)se to Spain in the WorldCup
  • #261,994
  • Oct 27, 2010 3:25am Oct 27, 2010 3:25am
Quoting NoahEffect
Was not aware of any battle between EMA and SMA (tell me more?) they are both very useful tools in my mind, I appreciate the ability to see exponentially smoothed price at 5% or 10% smoothing of the Long Gilt for example, SMA cannot perform this task!
I have worked with the 200EMA and found some very distinct advantages, and on all time frames. Using a faster moving average, which I will toggle between the 20EMA and the 24SMA depending on my mood, I will use them to let me know if we are long or short chart and if we are with the long term trend or in an immediate.

The idea behind moving averages, using a fast and slow is to help determine the trend. I can show distinct advantages to having a lot of different MA's and have even worked and played with the guppy charts, rainbow charts and the moving average bands.

Throw enough crap on your chart, something is bound to make sense.

Have a little fun whilst waiting on your trades to mature. Take a 200EMA and 20 EMA, plot them on your chart. Watch movement as they cross. A 1m chart can be the teller of the day, and something I particularly watch for during NY open. 100 pips. When you see the pair of them cross, mark a vertical line, then move on 100 pips higher/lower depending on the direction of the cross. See how there is a reaction within 5 of the line going back as far as you historically want to check. Just one way of looking at the same thing.

I watch for MA crosses, took a short on dragon when she pulled a little reversal just above the 200 mark, just happened to be at London closing bell...

Several things I watch for, 12 charts per pair. 3 different tpls and all time frames. What do I see...<Shrugs Shoulders>, a lot less of my family then I probably should....

I watch true fibs on true daily open. I watch hulls by way of the no lags. I watch the moving averages and I watch all time frames. I am only looking for a couple of grab asses per play..Multi lotted up, worked out to be close to 650 over the last 24hrs...
Attached Image (click to enlarge)
Click to Enlarge Name: 100p.jpg Size: 98 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,995
  • Oct 27, 2010 3:42am Oct 27, 2010 3:42am
A quickie taken on rejection, will watch for a little more meat on the bone.

Ride em up, ride em down, ride em up, ride em down.
Attached Image (click to enlarge)
Click to Enlarge Name: rejection.jpg Size: 95 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #261,996
  • Oct 27, 2010 3:44am Oct 27, 2010 3:44am
Wow.. these pairs are looking so sexy!

Attached Image


Attached Image


Attached Image


Cable stop loss is at 1.5936 to avoid spikes with good money mgt. as time goes on Stop loss will be reduced.
  • #261,997
  • Oct 27, 2010 3:44am Oct 27, 2010 3:44am
Quoting Magix
A quickie taken on rejection, will watch for a little more meat on the bone.

Ride em up, ride em down, ride em up, ride em down.

umm that sounds rude
  • #261,998
  • Oct 27, 2010 3:45am Oct 27, 2010 3:45am
Quoting Magix
Hey!

I resemble that comment!

Buwahahahahahah
lol

Loonie not as in the USD/CAD pair and therefore Canadians, but loonie as in lunatic and you're definitely not a lunatic. Now Pipstunner is definitely in the lunatic category... lol
  • #261,999
  • Oct 27, 2010 3:47am Oct 27, 2010 3:47am
Quoting bbakker
lol

Loonie not as in the USD/CAD pair and therefore Canadians, but loonie as in lunatic and you're definitely not a lunatic. Now Pipstunner is definitely in the lunatic category... lol
But at least he has hindsight charts....

Kinda like doughnut boy NENE!

Buwahahahahaha

Wonder how doughnut boy is these days, he quit posting here for some reason?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #262,000
  • Oct 27, 2010 3:47am Oct 27, 2010 3:47am
Heads up folks...............


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