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Cable Update (GBPUSD)

  • #273,781
  • Mar 9, 2011 3:21am Mar 9, 2011 3:21am
Hi

That is not bearish divergence as price did not make an equal or higher high so there is no bearish divergence of the oscillator from price...whether or not price goes down from there.

G/L

Quoting joemiami
added another short at 6174 bearish diverg on 5 min

protective stop at entry 6174
ex member
  • #273,782
  • Mar 9, 2011 3:23am Mar 9, 2011 3:23am
When you have taken a trade with the trend, you could afford to have a much bigger SL and also add to your losing trades as well for the purposes of averaging. Your SL can even be 300 pips for GBPJPY if you are sure that the trend is still intact while having the same SL for a trade against the trend would be foolish. So the SL will always vary with the currency pair and also the situation under which the trade is taken. This is why it is very important to understand whether a move against your trade is due to a change in trend or due to a retracement. thats all.

SORRY ABOUT so many words from me : sometimes it is relaxing
I guess
  • #273,783
  • Mar 9, 2011 3:24am Mar 9, 2011 3:24am
Quoting sayto.profit
but for me technical everybody can learn, so it is more like psychological thing like :

When you start off trading, you have 0% chance of success. Maybe you have some luck on your side and so your chances increases to 10-20%. That might make you win trades initially but in the long run, you would end up a loser. As you learn more and more the tricks of the trade and improve your knowledge and strategies, you slowly increase your chances of success and only when you increase it to above 50% do you start earning profits on a consistent basis.
This is rubbish...even knowing nothing you start off with a theoretical 50% chance of winning each trade...the more you learn this seems to diminish ! Lol...until you 'turn the corner.' Plenty of traders have trading edge's with only a 35-40% win rate but the r:r they employ means the winners run and overall they are net profitable.

So much bad advice on this thread and others.

G/L
ex member
  • #273,784
  • Mar 9, 2011 3:26am Mar 9, 2011 3:26am
Quoting bbmac
Hi

That is not bearish divergence as price did not make an equal or higher high so there is no bearish divergence of the oscillator from price...whether or not price goes down from there.

G/L

technically speaking yes, U are correct
  • #273,785
  • Mar 9, 2011 3:27am Mar 9, 2011 3:27am
While i am long my first target to hit 1.6245 from there is decide what next. No shorts for me at all for now............
  • #273,786
  • Mar 9, 2011 3:47am Mar 9, 2011 3:47am
I hope we are all having fun, irrespective of trend, there is more to this long, first target 1.6200, if broken secound target 1.6239 (if), then i stay out forthe day,,,,,,,,,,, piping already
  • #273,787
  • Mar 9, 2011 4:26am Mar 9, 2011 4:26am
The stohchastic looks overbought...and are starting to cross on the weekly 85 line...any feedback?
Attached Image (click to enlarge)
Click to Enlarge Name: w1.gif Size: 17 KB
  • #273,788
  • Mar 9, 2011 4:50am Mar 9, 2011 4:50am
Please, Try this FX5 Divergence_v3 Indie Posted in #273576 Mar 5, 2011 7:02pm

Quoting joemiami
technically speaking yes, U are correct
Quoting bbmac
Hi

That is not bearish divergence as price did not make an equal or higher high so there is no bearish divergence of the oscillator from price...whether or not price goes down from there.

G/L
Always looking the GREAT, never left GOOD Point...
  • #273,789
  • Mar 9, 2011 5:01am Mar 9, 2011 5:01am
Quoting bbmac
This is rubbish...even knowing nothing you start off with a theoretical 50% chance of winning each trade...the more you learn this seems to diminish ! Lol...until you 'turn the corner.' Plenty of traders have trading edge's with only a 35-40% win rate but the r:r they employ means the winners run and overall they are net profitable.

So much bad advice on this thread and others.

G/L
Thank you bbmac, ...without you ,Chaz, and Gsantri this thread has become a
breeding ground of misinformation and confusion.
All good to you.
All systems of divination, like music itself,work through patterns.
  • #273,790
  • Mar 9, 2011 5:05am Mar 9, 2011 5:05am
now 6207 is the a resistance area .
A chart helps those who can read it.
  • #273,791
  • Edited 5:46am Mar 9, 2011 5:33am | Edited 5:46am
Quoting geniusztc
now 6207 is the a resistance area .
You're RIGHT, Bro.
SHE Broke H4 Resistance, TREND changes Now...

Price @ 1.6207 as FIBO 38.2%
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-09_H1 GU.jpg Size: 141 KB
Always looking the GREAT, never left GOOD Point...
  • #273,792
  • Mar 9, 2011 6:05am Mar 9, 2011 6:05am
Quoting sayto.profit
why does this breakout happen when there is no news or anything special?? for this, u need to understand volume and vsa....during consolidation, the big boys keep buying the pair....as the keep buying , the price goes to top of range, then they push it down and small traders get scared and sell and the big boys buy it...they keep buying and again price goes to top of range and they again push it down to scare the small guys into selling it to them...they keep doing this till there are no more sellers and once they r happy that it is...
Or just follow patterns and formations: EMA is easier than VSA

Dr. D.
Attached Image
  • #273,793
  • Mar 9, 2011 6:18am Mar 9, 2011 6:18am
H1 CHART Update...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-09_Harmonic H1 Cable.jpg Size: 187 KB
Always looking the GREAT, never left GOOD Point...
  • #273,794
  • Mar 9, 2011 7:06am Mar 9, 2011 7:06am
short @ 1.62104 targeting 20 pips
  • #273,795
  • Mar 9, 2011 7:24am Mar 9, 2011 7:24am
Quoting kaspopsicle
Thank you bbmac, ...without you ,Chaz, and Gsantri this thread has become a
breeding ground of misinformation and confusion.
All good to you.
Not forgetting Dr. D..... terrrible memory ..me...
All systems of divination, like music itself,work through patterns.
  • #273,796
  • Mar 9, 2011 7:37am Mar 9, 2011 7:37am
For ALL,

Who interest with MA ( Moving Average ) :nerd:

I was Share MTF_Multi MA with Multi Time Frime in Posted #272293 Feb 18, 2011

Here MA Link Site for Learn much more :

http://www.investopedia.com/universi...gaverages2.asp
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

Quoting fourxtrader
Or just follow patterns and formations: EMA is easier than VSA

Dr. D.
Always looking the GREAT, never left GOOD Point...
  • #273,797
  • Mar 9, 2011 8:09am Mar 9, 2011 8:09am
For ALL,

Today... I resolve to give Direction to you.

When I have more errors and lack of knowledge in TRADE, I sincerely apologize heart as big as possible.
I'm NOT Teacher and NOT Good Trader, but I tried give the BEST for you. Much more Seniors above me, You will get better teaching than me.

Goodbye All

Quoting Tsar
For ALL,

I was so familiar with Members in this thread, although Not known One with the Other.
There are Old Members still Active and Provides contributions as well & New Members come.
I never tell the Difference and always Respect for them. In HERE We share and give views.

But because of liability as Parent, I must say GOODBYE...

I keep Promise to SHARE (with Indie or another) if has the Leisure
I will miss you ALL...

All the BEST,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #273,798
  • Mar 9, 2011 11:15am Mar 9, 2011 11:15am
See ya Tsar.

Good luck
  • #273,799
  • Mar 9, 2011 11:23am Mar 9, 2011 11:23am
Quoting Tsar
For ALL,

Today... I resolve to give Direction to you.

When I have more errors and lack of knowledge in TRADE, I sincerely apologize heart as big as possible.
I'm NOT Teacher and NOT Good Trader, but I tried give the BEST for you. Much more Seniors above me, You will get better teaching than me.

Goodbye All
good luck to you ,and you family .bye .looking forward to see you again.
A chart helps those who can read it.
  • #273,800
  • Mar 9, 2011 4:22pm Mar 9, 2011 4:22pm
Quoting Tsar
You're RIGHT, Bro.
SHE Broke H4 Resistance, TREND changes Now...

Price @ 1.6207 as FIBO 38.2%


I managed to get in on that. Only demo though Luckily got out just in time, but long again now.
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