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Cable Update (GBPUSD)

  • #331,621
  • Dec 4, 2012 11:59am Dec 4, 2012 11:59am
Quoting tunera
You should be a little bit humble especially when learning, it can have a good impact on your trading career.
Just my 2 pips
sure i'll take your 2 pips into consideration, btw i know the guys here on the forums, and think about the more senior traders like Navin, any reason why he didnt turn up today??

guess what he did say he targets for 1.61... and gbpusd already reached it... coincident much??

On the GBPUSD... 1.61 is the key level and it seems like GBPUSD over flowed that level by 20 pips... why? well there were ORDERS to be filled JUST above 1.6120.... regardless if its a sell or a buy order... its the size that mattered....

i still thin GBPUSD is destined for 1.5880 AGAIN... the reason is that DAILY ema 55 is STILL above ema 200... i cant stress enough that importance.....

im not trying to shove it in your face or anything but theres a reason why the more senior traders here vouch for me....
its cuz i controversial, i can come in and make you confused or doubt about your own trade, and if you have doubts about your own trade then perhaps trading is not the best thing for you.... you need conviction, for a kid my age... im quite persistent

and yes probably best not to ask me to be humble.. if you know me theres a reason behind why im not humble yet.... but in time i will!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,622
  • Dec 4, 2012 12:22pm Dec 4, 2012 12:22pm
Quoting fxtyrant
Oh the irony of ppl talking about next stop 1.6175 blah blah... in my opinion, all i care is how GBPUSD closes the daily
i did reiterate the importance of how gbpusd is closing today because if its the bearish scenario, a lot of bulls are trapped thinking we broke that downtrend...

We have yet to retest that broken trendline, and people were sooo excited that GBPUSD went up without a retest lol....
ITS BOUND TO RETEST, if its not today... its gona be tomorrow... and the fact that it delays to tomorrow makes me wary for the bulls.... tomorrow...
I'm still being cautious until we close a daily successful below 1.6 (tomorrow the better)
  • #331,623
  • Dec 4, 2012 12:22pm Dec 4, 2012 12:22pm
Quoting _BBKing_
damn moving averages!
use them in a separated tpl if you can....
have a look at my GBPCHF chart.. this chart is why i didnt long on the bullish signal... you see EMA55 still above EMA200 and see how today we banged on that EMA55 like it hit a wall by a car??
Fundamental wise it does suggest CHF to ease... but im seeing GBP weakness that might be the cause for GBPCHF not heading up...

you see i did get the bullish divergence signal.... but i wont enter it based on the EMA55 above EMA200....
just to show you im not lying about the signal...
https://dl.dropbox.com/u/52561775/Fo...22012.1819.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,624
  • Dec 4, 2012 12:26pm Dec 4, 2012 12:26pm
Quoting fxtyrant
sure i'll take your 2 pips into consideration, btw i know the guys here on the forums, and think about the more senior traders like Navin, any reason why he didnt turn up today??

guess what he did say he targets for 1.61... and gbpusd already reached it... coincident much??

On the GBPUSD... 1.61 is the key level and it seems like GBPUSD over flowed that level by 20 pips... why? well there were ORDERS to be filled JUST above 1.6120.... regardless if its a sell or a buy order... its the size that mattered....

i still thin GBPUSD is destined...
good day to you,

Question - how do you then handle this?

55EMA below 200EMA - some divergence surely - gotta move back - 1000's of pips continuation. Chart 2 - 55 EMA above 200EMA - not returning -

This is not unique - there are a few similar examples. Honest question. My humble opinion - not sustainable. Gonna blow one time or the other.

Regards
Attached Image(s) (click to enlarge)
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  • #331,625
  • Dec 4, 2012 12:30pm Dec 4, 2012 12:30pm
Quoting TauTrader
good day to you,

Question - how do you then handle this?

55EMA below 200EMA - some divergence surely - gotta move back - 1000's of pips continuation. Chart 2 - 55 EMA above 200EMA - not returning -

This is not unique - there are a few similar examples. Honest question. My humble opinion - not sustainable. Gonna blow one time or the other.

Regards
TAU... the aim of the divergence is this... IF PRICE is above EMA55 and EMA above EMA200, Look for a short signal to take profit at EMA55 being TP 1, and EMA200 being TP2... SIMPLE AS THAT!

So from the GBPUSD Fall you showed me back in 2008, well Price went below EMA55, and EMA 200, EMA was below EMA200, so look to long Back to EMA55 , good that took profit... heck it even went to EMA 200!!!, now....

Though not sustainable... IT WORKS PERFECTLY ON DAILY.....

Look at my chart... theres only 2 trading opportunities and a number of false signals using my strategy even on the Monthl....
it simply works...
Attached Image (click to enlarge)
Click to Enlarge Name: default.gif Size: 21 KB




Infact tau, add me up on skype and ill explain to you why you think you know what you're talking about my system... You need to use RSI DIVERGENCE with the EMAS... of course EMA ALONE will fucker up sooner or later...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,626
  • Dec 4, 2012 12:33pm Dec 4, 2012 12:33pm
Quoting _BBKing_
i agree.



Come with me if you want to live....
  • #331,627
  • Dec 4, 2012 12:38pm Dec 4, 2012 12:38pm
Quoting fxtyrant
TAU... the aim of the divergence is this... IF PRICE is above EMA55 and EMA above EMA200, Look for a short signal to take profit at EMA55 being TP 1, and EMA200 being TP2... SIMPLE AS THAT!

So from the GBPUSD Fall you showed me back in 2008, well Price went below EMA55, and EMA 200, EMA was below EMA200, so look to long Back to EMA55 , good that took profit... heck it even went to EMA 200!!!, now....

Though not sustainable... IT WORKS PERFECTLY ON DAILY.....

Infact tau, add me up on skype and ill explain to you why you think you know what...
Thank you for your explanation.

Just wanted to get clarity. Does make sense. Was not clear on entries and targets.You have essentially become a counter trend trader.

Welcome.. Gutsy..

All success - really
Attached Image (click to enlarge)
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  • #331,628
  • Dec 4, 2012 12:40pm Dec 4, 2012 12:40pm
Quoting CasperTrader
I'm still being cautious until we close a daily successful below 1.6 (tomorrow the better)
And the fact that price is hovering hardly 30 pips below today's high won't make much of a bear candle if at all.
  • #331,629
  • Dec 4, 2012 12:41pm Dec 4, 2012 12:41pm
Quoting TauTrader
Thank you for your explanation.

Just wanted to get clarity. Does make sense. Was not clear on entries and targets.You have essentially become a counter trend trader.

Welcome.. Gutsy..

All success - really
heres an explanation of the strategy, its a mixture of EMA's and trade entry confirmation through RSI divergence...

the picture shows you here the strategy works in my opinion for charts BEYOND Daily chart
on the monthly however, you got to be REALLY Patient, might take years before a signal happen so i use my strategy on daily across multiple pairs.... so i get 1/2 trades per day,
The aim of the strategy is... IF market goes far beyond its average regions, and a divergence signal occurs, we trade back to its equilibrium, known as 55ema and 200 ema crosses...
when signal occurs, 1st TP at 55 ema, and 2nd tp at 200 ema...
heres how...

Attached Image (click to enlarge)
Click to Enlarge Name: default.gif Size: 27 KB

So really... if you use my strategy on the MONTHLY chart.. heck theres never been a tradable signal to trade the GBP ever since the collapse in 2008 lol

BTW look at your PM, my 2nd message to you is the one with my skype detail, add me up so we cna have a chat and i can explain further..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,630
  • Dec 4, 2012 12:55pm Dec 4, 2012 12:55pm
Quoting CasperTrader
And the fact that price is hovering hardly 30 pips below today's high won't make much of a bear candle if at all.
yea but the body of this candle if closed here... is vulnerable if the next candle is bearish that engulfs this small body bullish candle...
might trigger a bear train down.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,631
  • Dec 4, 2012 12:56pm Dec 4, 2012 12:56pm
Quoting TauTrader
Thank you for your explanation.

Just wanted to get clarity. Does make sense. Was not clear on entries and targets.You have essentially become a counter trend trader.

Welcome.. Gutsy..

All success - really


Love it..
Come with me if you want to live....
  • #331,632
  • Dec 4, 2012 12:58pm Dec 4, 2012 12:58pm
Quoting Ill-b-back


Love it..
doesnt mean counter trend traders cant make money....
counter trend traders can make good money IF the strategy is sound.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,633
  • Dec 4, 2012 1:04pm Dec 4, 2012 1:04pm
Quoting fxtyrant
doesnt mean counter trend traders cant make money....
counter trend traders can make good money IF the strategy is sound.
I was laughing at his image Bro.

I pissed myself laughing so to speak...
Come with me if you want to live....
  • #331,634
  • Dec 4, 2012 1:06pm Dec 4, 2012 1:06pm
Quoting CasperTrader
I thought I one such wise , but it appears there are other people who composes the same scenarios
  • #331,635
  • Dec 4, 2012 1:06pm Dec 4, 2012 1:06pm
Quoting Ill-b-back
I was laughing at his image Bro.

I pissed myself laughing so to speak...
Oh... LOL yea that guy pissing at the cops... i wonder if the cops can do anything to that poor guy...
BTW come on skype you aussi biatch!!! ahahaha
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,636
  • Dec 4, 2012 1:25pm Dec 4, 2012 1:25pm
Quoting fxtyrant
Oh... LOL yea that guy pissing at the cops... i wonder if the cops can do anything to that poor guy...
BTW come on skype you aussi biatch!!! ahahaha
Just stopped for a coffee on my way to work.

I can only Skype when home alone or with the baby. Our unit is small and wife hates this place at FF, it creates far too much tension.

I extended an invite to you to Skype last week but you must have been tied up with study or something.
Come with me if you want to live....
  • #331,637
  • Dec 4, 2012 1:28pm Dec 4, 2012 1:28pm
Quoting Ill-b-back
Just stopped for a coffee on my way to work.

I can only Skype when home alone or with the baby. Our unit is small and wife hates this place at FF, it creates far too much tension.

I extended an invite to you to Skype last week but you must have been tied up with study or something.
i had deadline all lined up last week for 5 projects buddy.... it was nasty.... now im all done with the academic stuff i only have left 1 report to hand in and an exam on 14th... then im back to HK! from the 17th!, that'll probably be a friendlier time to talk to you then
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,638
  • Dec 4, 2012 2:40pm Dec 4, 2012 2:40pm
Quoting fxtyrant
heres an explanation of the strategy, its a mixture of EMA's and trade entry confirmation through RSI divergence...

the picture shows you here the strategy works in my opinion for charts BEYOND Daily chart
on the monthly however, you got to be REALLY Patient, might take years before a signal happen so i use my strategy on daily across multiple pairs.... so i get 1/2 trades per day,
The aim of the strategy is... IF market goes far beyond its average regions, and a divergence signal occurs, we trade back to its equilibrium, known as 55ema and...
ok now i understand better what you mean. previously i thought "if ema 50>200 then is long" else "short"
but also true when price far from emas + counter divergence + emas crossed direction = attract price like iron to magnet!!
this is true also in faster TF but better have it for large TF and wait confirmation in price in faster TF...
90% of traders use TA, indicators and prediction
  • #331,639
  • Dec 4, 2012 2:51pm Dec 4, 2012 2:51pm
Quoting TauTrader
Thank you for your explanation.

Just wanted to get clarity. Does make sense. Was not clear on entries and targets.You have essentially become a counter trend trader.

Welcome.. Gutsy..

All success - really
lol nice pic!

you know... just few days ago someone asked me: " do you trade with the trend or do you trade counter trend to pick reversals?"
better i don't post my answer to this question...
90% of traders use TA, indicators and prediction
  • #331,640
  • Dec 4, 2012 3:01pm Dec 4, 2012 3:01pm
meanwhile...
really bad hourly charts in EU. dam.
seems like moving by inertia.

still out of it.
attempted a short in demo. went immediatly in red! typical when i take a bad trade trying to sell a top. could go drawdown more 150 pips till 3170.

off to bed.
night
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