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Cable Update (GBPUSD)

  • #293,441
  • Nov 30, 2011 1:49am Nov 30, 2011 1:49am
I just put it in mine and it didnt draw anything

what me missing here, are there certain settings to configure first?

cheers

Quoting Low
I may be wrong, but I think ZUP is a harmonic-pattern indi.

Prints butterfly's and gartleys and the like.

I have a different one that does the same thing, but still prefer to draw them manually for confirmation.
  • #293,442
  • Nov 30, 2011 1:54am Nov 30, 2011 1:54am
Quoting bumapatria
best u can do is manage the drawdown. look for other pairs, or other setups scalp or watever to make profit/increase ur equity and balance to make that swing trade more flexible.

u can get out of a -100 pip floating loss with good DD management. either look for other pairs, hedge, rescue, etc u can get out with profit.

just make sure u stay objective and not desperate and let emotions affect ur trading choices.
I have total confidence in my trade..either my t/p will be hit or my stop..my money is on my targets...I don't guess
entry - 1.29250 s/l 200 pips
  • #293,443
  • Nov 30, 2011 1:55am Nov 30, 2011 1:55am
Quoting normfx
I have total confidence in my trade..either my t/p will be hit or my stop..my money is on my targets...I don't guess

Good. only a true trader can say that.

well done
Have I got something on my face, SOLDIER?
  • #293,444
  • Edited 2:18am Nov 30, 2011 2:08am | Edited 2:18am
Drop in from time to time..my targets may help you in determining direction...just remember, your trades do need to breathe..I use a 300 pip catastrophic stop. My targets are always listed in the area below my name.
entry - 1.29250 s/l 200 pips
  • #293,445
  • Nov 30, 2011 2:15am Nov 30, 2011 2:15am
Quoting normfx
Drop in from time to time..my targets may help you in determining direction...just remember, your trades do need to breathe..I use a 300 pip catastrophic stop. My targets are always listen in the area below my name.
Where are your charts? You want to state at what point you discard your long trade if it does not work out because 1:3 p/l ratio is not high probability trading.
Thank You
  • #293,446
  • Nov 30, 2011 2:21am Nov 30, 2011 2:21am
It will be interesting to see if London manipulates the euro down into the gap...its not necessary but will be interesting.
entry - 1.29250 s/l 200 pips
  • #293,447
  • Nov 30, 2011 2:28am Nov 30, 2011 2:28am
Quoting normfx
It does appear that the price is being manipulated lower in order for the gap in the euro to be filled..once the fill has been completed I'd expect the price to resume higher.
Are you aware that these gaps are broker feed gaps and vary between brokers? The gap may never be filled and sometimes takes days, weeks or months.
Gone to a better place
  • #293,448
  • Nov 30, 2011 2:31am Nov 30, 2011 2:31am
Quoting smikester
Are you aware that these gaps are broker feed gaps and vary between brokers? The gap may never be filled and sometimes takes days, weeks or months.
That's elementary, but thanks
entry - 1.29250 s/l 200 pips
  • #293,449
  • Nov 30, 2011 2:39am Nov 30, 2011 2:39am
A "long" trade in euro/usd just materialized, but I'll wait to see if the gap closes completely before listing it.
entry - 1.29250 s/l 200 pips
  • #293,450
  • Nov 30, 2011 2:45am Nov 30, 2011 2:45am
Quoting smikester
Are you aware that these gaps are broker feed gaps and vary between brokers? The gap may never be filled and sometimes takes days, weeks or months.
May I ask you a question..do you know why gaps are created and even more, why they are filled? Anyone care to answer?
entry - 1.29250 s/l 200 pips
  • #293,451
  • Nov 30, 2011 2:53am Nov 30, 2011 2:53am
upwards move starting, yellow line is shown at support...
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  • #293,452
  • Nov 30, 2011 2:55am Nov 30, 2011 2:55am
Quoting normfx
Drop in from time to time..my targets may help you in determining direction...just remember, your trades do need to breathe..I use a 300 pip catastrophic stop. My targets are always listen in the area below my name.
Where are your charts? You want to state at what point you discard your long trade if it does not work out because 1:3 p/l ratio is not high probability trading.
Thank You
  • #293,453
  • Nov 30, 2011 2:58am Nov 30, 2011 2:58am
Quoting wormboy
Where are your charts? You want to state at what point you discard your long trade if it does not work out because 1:3 p/l ratio is not high probability trading.
You said that...I don't use support and resistance trading.
entry - 1.29250 s/l 200 pips
  • #293,454
  • Nov 30, 2011 3:00am Nov 30, 2011 3:00am
Quoting normfx
A "long" trade in euro/usd just materialized, but I'll wait to see if the gap closes completely before listing it.
Good day to you,

Just playing devil's advocate for a moment... let's think about this: we are heading into a busy and important period "news" wise over the next few days. If you have certainty about long targets, then maybe the following is the strategy...

Price may go lower over the next few sessions ( my short term strategy certainly is to sell rallies at this point - on both GU and EU). Then use news to ultimately get the higher targets on Friday/Monday. My daily and weekly indication remains buying the longer term dips for now.

Fits?

Who knows... anyway - i'm preparing to look for a short on EU ( not because of the gap, but as stated - selling upmoves)

Regards
  • #293,455
  • Nov 30, 2011 3:00am Nov 30, 2011 3:00am
Quoting normfx
You said that...I don't use support and resistance trading.
So what do you use
Thank You
  • #293,456
  • Nov 30, 2011 3:01am Nov 30, 2011 3:01am
CABLE
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  • #293,457
  • Nov 30, 2011 3:03am Nov 30, 2011 3:03am
Quoting normfx
May I ask you a question..do you know why gaps are created and even more, why they are filled? Anyone care to answer?
Good day you,

This thing has been debated and contested from all angles. It would be interesting to read your view on this. I, for one - has got no clue and have ignored this phenomenon as a whole.

Regards
  • #293,458
  • Nov 30, 2011 3:07am Nov 30, 2011 3:07am
Quoting TauTrader
Good day you,

This thing has been debated and contested from all angles. It would be interesting to read your view on this. I, for one - has got no clue and have ignored this phenomenon as a whole.

Regards
I'll be happy to answer the question, but lets wait to see if any experts may know the answer...I'd be surprised if they do.
entry - 1.29250 s/l 200 pips
  • #293,459
  • Nov 30, 2011 3:07am Nov 30, 2011 3:07am
buy order @ 1.55771, tp @ 1.5695, SL @ 1.5525...closed that order as it wasnt hit.
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  • #293,460
  • Nov 30, 2011 3:11am Nov 30, 2011 3:11am
Not sure if I want to be trading this morning prior to ADP, but if I were long I might be looking at fibonacci retracements which happen to have confluence with resistance areas. Looking at 1.57 and 1.5880.

Chart:

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Gone to a better place
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