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Cable Update (GBPUSD)

  • #327,341
  • Oct 18, 2012 1:31pm Oct 18, 2012 1:31pm
Quoting TauTrader
Good day to you,

Short entered on both GU and EU. GU on 30min and EU entry on 4hr. No trade on Renko at present - so over to normal charts.

EU 4hr may be the trade with a good RR. GU 4hr not set up the same - but wishing for correlation.

regards
It's taken long enough....

Awesome
  • #327,342
  • Oct 18, 2012 1:32pm Oct 18, 2012 1:32pm
Quoting TauTrader
I've just given you 3 years of signals - that's a reasonable backtest..No?

Again - patience is the key to success..

Regards
mr t u know what my % trade success is?

wanna take a guess?
  • #327,343
  • Oct 18, 2012 1:33pm Oct 18, 2012 1:33pm
Quoting nAVIN2007
mr t u know what my % trade success is?

wanna take a guess?
Ohhh...quit BRAGGING!!!
Ghost Rider - WWTBMD?
  • #327,344
  • Oct 18, 2012 1:33pm Oct 18, 2012 1:33pm
Quoting nAVIN2007
mr t u know what my % trade success is?

wanna take a guess?
Between 40% and 50%

Regards
  • #327,345
  • Oct 18, 2012 1:34pm Oct 18, 2012 1:34pm
Quoting TauTrader
Between 40% and 50%

Regards
Just kidding bro - I have no idea.

Tell me

Regards
  • #327,346
  • Oct 18, 2012 1:36pm Oct 18, 2012 1:36pm
Quoting albchr
Ohhh...quit BRAGGING!!!
You well, sir?
  • #327,347
  • Oct 18, 2012 1:37pm Oct 18, 2012 1:37pm
Quoting Nachiket
50% retracement of the move from 1.6309 to 1.5971 comes in at 1.6139. yesterday's top was 1.6131. euro rallied overnight. still it was unable to give a higher top. I fear if before london opens we don't see 1.6139 a huge downmove is coming taking it to 1.5905 and then to 1.5783. now from where did I get these levels. 61.8% and 50% fibonacci retracements of the downmove from 1.6309 to 1.5255
here was my analysis and i was so fucking rite
  • #327,348
  • Oct 18, 2012 1:38pm Oct 18, 2012 1:38pm
Quoting iskandarler
hope this week will close at 1.6000 and next week will be the bull week..
c'mon make it come true....
  • #327,349
  • Oct 18, 2012 1:39pm Oct 18, 2012 1:39pm

can anyone explain the long drop for GBP/USD?

deep RoT is essential for everlasting happyness
  • #327,350
  • Oct 18, 2012 1:39pm Oct 18, 2012 1:39pm
Quoting TauTrader
Just kidding bro - I have no idea.

Tell me

Regards
chris shut it!!

apparently 88%..as crazy as this sounds is this very high..i ask seriously as i have no idea but assume most traders generally have opportunity to get out at a win..

what would u say is the average %?
  • #327,351
  • Oct 18, 2012 1:40pm Oct 18, 2012 1:40pm
Quoting X.work

can anyone explain the long drop for GBP/USD?


yes its falling we were to damn high
  • #327,352
  • Oct 18, 2012 1:40pm Oct 18, 2012 1:40pm
Quoting nAVIN2007
chris shut it!!

apparently 88%..as crazy as this sounds is this very high..i ask seriously as i have no idea but assume most traders generally have opportunity to get out at a win..
well the fact is algos are coming into picture and they will dump it when it falls below 1.6095.
  • #327,353
  • Oct 18, 2012 1:41pm Oct 18, 2012 1:41pm
Quoting walkman
possible big nice triangle

just don't hurry


didn't believe that triangle will break before London opening

Quoting X.work

can anyone explain the long drop for GBP/USD?

triangle break
Attached Image (click to enlarge)
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  • #327,354
  • Oct 18, 2012 1:43pm Oct 18, 2012 1:43pm
hurraaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
  • #327,355
  • Oct 18, 2012 1:44pm Oct 18, 2012 1:44pm
Quoting X.work

can anyone explain the long drop for GBP/USD?


Yes .. to ask exactly the same question I jump In ... What is going on with GBP (30 Pips Drop in 15 min keeping in view the market timing its amazing
  • #327,356
  • Oct 18, 2012 1:47pm Oct 18, 2012 1:47pm
eur and gbp going down... give me 100 pips
  • #327,357
  • Oct 18, 2012 1:49pm Oct 18, 2012 1:49pm
Quoting nAVIN2007
chris shut it!!

apparently 88%..as crazy as this sounds is this very high..i ask seriously as i have no idea but assume most traders generally have opportunity to get out at a win..

what would u say is the average %?
Good day,

88% is far above the average. In my opinion. Again - it is all relative. Even a 30% winning rate can still cut it. Handsomely... Someone with a 90% winning rate could lose money hand over fist.

Look at it this way... one person takes 20 trades. wins 5 loses 15. Each win is 100 pips. Each loss is 20 pips.All trades of equal investment. Ends positive.

Next guy takes 20 trades - wins 15 loses 5. Each win is 20 pips. Each loss is 100 pips. All trades of equal investment. Ends negative.

Regards
  • #327,358
  • Oct 18, 2012 1:50pm Oct 18, 2012 1:50pm
Quoting maximinus
I know how hard it is to elaborate a system, (a profitable one) so when I say I congrats, I really mean it. And less sig your system give you more profitable they are, I'm convinced of that,at least my experience taught me this lesson.
But it's a suggestion and not a critic, 3 years of period is not enough to be sure that the system is robust. To compensate for this short period of time, apply the system in every time frame and and each pair. See how it comports. I'm sure you'll have some hints to ameliorate the system. Again a suggestion not a...

true but not in all

let's take a robot and split this in 2 points -first point that the robot is built on a strategy (an algorithm that is supposed to be mathematical..which should always be right)
-second point that the robot is built on a strategy with a fault.


we all know that in this world we are using products that are designed to fail after an X number of cycles...lately I found out about 2 new companies in Spain that are building non failure products...otherwise why would you as a company sell something that will be forever ? NOOOO you will sell something that will fail and you will need to replace.It is called ..customer retention.(ex:a dishwasher will last 5 years,a car will last 100k km,etc.)

same thing applies in health when instead of curing they prolongue the sickeness for more pills and ...in trading.

why would a robot designer sell you one everlasting robot ? ...he will constantly create new ones


now going back to point one.;let's say the programmer is a honest guy and gives you a never ending robot.still one day it will fail.why ?

as the more you spend in the market the market changes.at the begining it was all simple.all traders were looking at S and R and all making money.

one day bankers said...we are loosing money.ok...let's buy high and sell low and so they did and all the knowledge of the traders was blown away in one day.

as soon as they settled with the new system bankers changed it again..and again and again.

so it is true that to see consistency you need to have years but on the other side it will never happen as one system is not for life and it will be harder and harder to find a good one even for a short period of time.

THEY have more and more tools on disposal to communicate and to create a neural network....this is what I studied in the Uni....


in the end-Consistency is good but it even better to adapt
  • #327,359
  • Oct 18, 2012 1:51pm Oct 18, 2012 1:51pm
Quoting X.work

can anyone explain the long drop for GBP/USD?

during Europe session better to trade breakouts during non volatile sessions better trade bounce.
I think it took a lot of stop lots. Traders expected bounce.

I also buy eu but managed to make 0 pip
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  • #327,360
  • Oct 18, 2012 1:52pm Oct 18, 2012 1:52pm
BUY GBPUSD GUYZZ!!
To Your Success!!
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