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Cable Update (GBPUSD)

  • #330,341
  • Nov 20, 2012 4:14pm Nov 20, 2012 4:14pm
hahhah thanks mate..

after shark and 5:0 pattern, most likely ( but not a must ) ..... they're following BAMM schema

trading is fun

Quoting Ill-b-back
This ones for you brother, talk about predictive trading
Just having some fun with shapes, nothing serious..
Attached Images
not euphoria follower
  • #330,342
  • Nov 20, 2012 4:15pm Nov 20, 2012 4:15pm
Quoting nAVIN2007
was a joke..bro u are doing well, infact very well..much progress, u learn quick!!..
thanks nAV, you da master though, you picked the bottom.
You know the code?

Really got to go, happy trading..
Come with me if you want to live....
  • #330,343
  • Nov 20, 2012 4:17pm Nov 20, 2012 4:17pm
Quoting iqyu5an
hahhah thanks mate..

after shark and 5:0 pattern, most likely ( but not a must ) ..... they're following BAMM schema

trading is fun
Could be bro, as long as she goes up
Come with me if you want to live....
  • #330,344
  • Nov 20, 2012 4:20pm Nov 20, 2012 4:20pm
for example...

potential BAMM schema ( ausie )


Quoting iqyu5an
hahhah thanks mate..

after shark and 5:0 pattern, most likely ( but not a must ) ..... they're following BAMM schema

trading is fun
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not euphoria follower
  • #330,345
  • Nov 20, 2012 4:24pm Nov 20, 2012 4:24pm
Quoting Ill-b-back
thanks nAV, you da master though, you picked the bottom.
You know the code?

Really got to go, happy trading..

was lucky ..just hope it continues..
  • #330,346
  • Nov 20, 2012 4:32pm Nov 20, 2012 4:32pm
Quoting nAVIN2007
was lucky ..just hope it continues..
Luck my butt...

Almost forgot, also this...
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  • #330,347
  • Nov 20, 2012 5:33pm Nov 20, 2012 5:33pm
seems like almost the time to short eh..
  • #330,348
  • Nov 20, 2012 5:51pm Nov 20, 2012 5:51pm
Quoting A-speculator
seems like almost the time to short eh..
Short @5926
Loosening is not an option
  • #330,349
  • Nov 20, 2012 6:04pm Nov 20, 2012 6:04pm
Quoting _BBKing_
guys a question.
lol when i have a question usually nobody answer lol.

anyway....
what about trading floors? did any of you ever seen or worked or know some one working on?
how are they usually structured?
i mean: how can people find agree in trading while everybody has his own way to trade?

let's say for example there is the possibility to create a workgroup of 3-5 members. what would be better? everybody with his own way..... or all the same tight rules for a whole purpose (profits)? and in the second case.... what about if you have...

I think it's been linked here before, but the 'Million Dollar Traders' series, though laughable in many respects, gave a good clue as to how they *might* work (albeit they were dealing in equities), with Darwinian selection being the most important rule - if you get results, you're in, otherwise GTFO:
Inserted Video
(if you have some hours to spend, while cable is going nowhere).

I don't come anywhere close to having answers, but I can at least say I am fascinated with the same questions. I would love to get a couple of hours with a trader - just me, a voice recorder, and a video recording of a day's trading (1M TF) - and ask them what the hell they think caused *that* spike, and why did all the buyers suddenly seem to disappear for two hours, and then reappear to buy the currency when it was 30 pips more expensive? Of course, I would have to resist shouting 'I mean, WTF?!!!' every 2 minutes.

But the issue of robots is really interesting. Obviously, they have to be programmed by humans, and in the absence of news, to react (presumably) on purely technical signals. But does their programming include game theory, anticipating other participants (for example, not only must I sell before hitting x level of resistance, but I must sell before other traders do the same and drive the price lower - so I must sell at x minus y - unless one of the other traders has the same programming as me, in which case I must sell at x minus y minus z), etc.

What will happen when the proportion of (computer) programmed trade is so high, that the elements of (human) fear/greed become too small to matter? Might it be (in the future) that the only reason the market varies at all (between news announcements) is that the 'DNA' of fear/greed is incorporated in the robot programs (for example: the unexpected inflation figures have driven the price of cable up to a level of resistance = 'we must sell before the fearful humans do'. Except, the only humans still trading are those on forexfactory) ?

My previous life in a UK corporate treasury says that most large UK corporates would run a mile (rightly) from any hint of speculation on currency. If a liability for $500 million becomes apparent, it must be hedged immediately, without reference to currency market movements. Therefore, there will always be an underlying business-driven supply/demand for currencies that is randomly distributed, and varies according to fundamentals, not technicals.

However, for the much larger proportion that is represented by banks and institutions actively trading forex, I have no idea - hopefully, someone does?
  • #330,350
  • Nov 20, 2012 6:10pm Nov 20, 2012 6:10pm
I have to say that show was a bit of a joke.
  • #330,351
  • Nov 20, 2012 6:18pm Nov 20, 2012 6:18pm
Quoting _BBKing_
uhm... if market was driven by human (let's say some of them) would not be this insanity.
definetly what moves is huge flows of money but this is not certainly moved by human clicks on a mouse somewhere. this is true for retail trading and some hedge funds maybe.
but the main part of market is algos deciding positions and allocating money here or there, according to human rules which are given through a kind of interface.
I agree - the napoleon bit was a joke (we have a traditional joke in the UK that lunatics think they are Napoleon), but the price surges in one direction and then another, followed by almost no activity at all, are really baffling. I tend to watch the 1M, and I would love to know whether the price movements you see happening really are individual trades, or just the brokers adjusting prices, or what. Because it really does sometimes seem to be, as you suggest, insane.

I would also love to know what sort of size of trade it takes ($10m, $100M?) to produce a change in the price of, say, 10 pips?
  • #330,352
  • Nov 20, 2012 6:21pm Nov 20, 2012 6:21pm
Quoting alex1976
I have to say that show was a bit of a joke.
lol. Some of the 'contestants' certainly were.
  • #330,353
  • Nov 20, 2012 6:24pm Nov 20, 2012 6:24pm
Quoting Vilkas
Short @5926
i would like to enter @ 5960.. so, still waiting..
  • #330,354
  • Nov 20, 2012 6:29pm Nov 20, 2012 6:29pm
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  • #330,355
  • Nov 20, 2012 6:39pm Nov 20, 2012 6:39pm
Quoting Ill-b-back
http://www.youtube.com/watch?v=ILj15JS5_3w
hey Ill-b-back... my system just had a signal to Short NZDJPY and long EURAUD....

gona give that a try on my demo first....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #330,356
  • Nov 20, 2012 6:47pm Nov 20, 2012 6:47pm
Quoting fxtyrant
hey Ill-b-back... my system just had a signal to Short NZDJPY and long EURAUD....

gona give that a try on my demo first....
Ok bro, all the best with those my friend,

I cant pull myself away from cable unfortunately, she's too damn good to me.

I'll have a bigger look at the divergence trading soon. maybe useful in conjunction with this swing indicator on say 15 min TF, short or long when it turns after the divergence for confirmation or something.

Good luck brother
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  • #330,357
  • Nov 20, 2012 7:19pm Nov 20, 2012 7:19pm
Quoting Ill-b-back
Ok bro, all the best with those my friend,

I cant pull myself away from cable unfortunately, she's too damn good to me.

I'll have a bigger look at the divergence trading soon. maybe useful in conjunction with this swing indicator on say 15 min TF, short or long when it turns after the divergence for confirmation or something.

Good luck brother
I seriously get the feeling guys that Cable has big plans these next 2 weeks, careful with shorts guys...
Come with me if you want to live....
  • #330,358
  • Nov 20, 2012 7:23pm Nov 20, 2012 7:23pm
Quoting Ill-b-back
I seriously get the feeling guys that Cable has big plans these next 2 weeks, careful with shorts guys...
too soon to say that mate.. daily doesn't look bullish yet..

i think it will just be a breakout retest..
  • #330,359
  • Nov 20, 2012 7:38pm Nov 20, 2012 7:38pm
Quoting A-speculator
too soon to say that mate.. daily doesn't look bullish yet..

i think it will just be a breakout retest..
in fact we are at about the resistance... gosh, i've been waiting for several days for this man.. hopefully, it does not break up..

i think price might not reach my PO @ 5960, judging by PA and other cross pairs related to cable.. will reconsider my entry, might lower it a bit..
  • #330,360
  • Nov 20, 2012 7:43pm Nov 20, 2012 7:43pm
Quoting A-speculator
in fact we are at about the resistance... gosh, i've been waiting for several days for this man.. hopefully, it does not break up..

i think price might not reach my PO @ 5960, judging by PA and other cross pairs related to cable.. will reconsider my entry, might lower it a bit..
Ok mate, but I would not look for too much.
You mentioned PA, what do you think of those 4 hr tails and TL breaks?
Come with me if you want to live....
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