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Cable Update (GBPUSD)

  • #357,581
  • Jan 7, 2014 10:55am Jan 7, 2014 10:55am
Quoting nAVIN2007
{quote} what is yur % win ratio with a 4 pip stop?


doesn't matter as you go to BE as soon as you get a momentum move away. AND you enter with momentum too...

Anyways, like I said, not here to battle with anyone, I'm telling you the same thing Cloggie told you for many years and he eventually left so maybe I should just shut up and continue to enjoy the asylum...

Good luck ;-)
@pawpaw1000 on Twitter
  • #357,582
  • Jan 7, 2014 10:58am Jan 7, 2014 10:58am
Quoting pawpaw1000
Just remember for those who are actually looking to learn, like I have been for 4 years. Remember this: Something is only impossible if you think it is, 4 pip stops are more than possible
GU D1

Sorry was just trying to point out that a sl of 4 pips during LO was cutting it a bit fine - and look where it is on daily - time and a place and all that - gl
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.PNG Size: 39 KB
  • #357,583
  • Jan 7, 2014 11:07am Jan 7, 2014 11:07am
Quoting pawpaw1000
{quote} doesn't matter as you go to BE as soon as you get a momentum move away. Anyways, like I said, not here to battle with anyone, I'm telling you the same thing Cloggie told you for many years and he eventually left so maybe I should just shut up and continue to enjoy the asylum... Good luck ;-)

with all the experience i have in trading..i doubt it is possible..why?

almost every position i ever traded as always been in drawdown..my best entries are like 10-20 pips..but 4 pips is talking the biscuit (alpari has a spread of at least 2 pipsso actually yur stop loss is 2?)
and if your placing on BE..u must be entering at least 20 times if lucky to see a profit b4 being stopped out..the market is different now..many edges need serious refining ..u cannot be that good as very few are if it is even possible

there is no system in trading having this kind of accuracy with high frequency execution of trades..u simply would be very rich very fast if posible
  • #357,584
  • Jan 7, 2014 11:07am Jan 7, 2014 11:07am
Quoting pawpaw1000
{quote} Haha! I'm a professional sportsman mate, I don't need to sucker people into training! That said, I wouldn't be able to, still busy building my own future! Maybe in 20 years time ;-) You should really go back and read Cloggie's posts. Also perhaps get yourself the books from AL Brooks, very interesting stuff. Wish you all the best big man, I'll refrain from coming back to this thread if it makes you feel better :-)
IF you're a true sportsman then you really should know better.
Hear the music before the song is over ...
  • #357,585
  • Jan 7, 2014 11:08am Jan 7, 2014 11:08am
Quoting pawpaw1000
{quote} doesn't matter as you go to BE as soon as you get a momentum move away. Anyways, like I said, not here to battle with anyone, I'm telling you the same thing Cloggie told you for many years and he eventually left so maybe I should just shut up and continue to enjoy the asylum... Good luck ;-)

with all the experience i have in trading..i doubt it is possible..why?

almost every position i ever traded as always been in drawdown..my best entries are like 10-20 pips..but 4 pips is talking the biscuit (alpari has a spread of at least 2 pips so actually yur stop loss is 2?)
and if your placing on BE..u must be entering at least 20 times if lucky to see a profit b4 being stopped out..the market is different now..many edges need serious refining ..u cannot be that good as very few are if it is even possible

there is no system in trading having this kind of accuracy with high frequency execution of trades..u simply would be very rich very fast if it was possible and u wont be in ff..
  • #357,586
  • Jan 7, 2014 11:09am Jan 7, 2014 11:09am
The Daily looks like complete indecision.

I wonder if we're going to get that until NFP.
  • #357,587
  • Jan 7, 2014 11:11am Jan 7, 2014 11:11am
Quoting nAVIN2007
{quote} with all the experience i have in trading..i doubt it is possible..why? almost every position i ever traded as always been in drawdown..my best entries are like 10-20 pips..but 4 pips is talking the biscuit (alpari has a spread of at least 2 pipsso actually yur stop loss is 2?) and if your placing on BE..u must be entering at least 20 times if lucky to see a profit b4 being stopped out..the market is different now..many edges need serious refining ..u cannot be that good as very few are if it is even possible there is no system in...
Right on Nav. very well put!
Hear the music before the song is over ...
  • #357,588
  • Jan 7, 2014 11:11am Jan 7, 2014 11:11am
Quoting Baggi
The Daily looks like complete indecision. I wonder if we're going to get that until NFP.

potential bear flag?..
  • #357,589
  • Jan 7, 2014 11:20am Jan 7, 2014 11:20am
Quoting chazzle
{quote} GU D1 Sorry was just trying to point out that a sl of 4 pips during LO was cutting it a bit fine - and look where it is on daily - time and a place and all that - gl {image}
Wonderful daily bullish pinbar setup with 50% retracement entry!

And soon a bullish head and shoulders. Validation by a little retrace...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrom15.png Size: 78 KB
Anything is math!
  • #357,590
  • Jan 7, 2014 11:23am Jan 7, 2014 11:23am
Quoting nAVIN2007
{quote} with all the experience i have in trading..i doubt it is possible..why? almost every position i ever traded as always been in drawdown..my best entries are like 10-20 pips..but 4 pips is talking the biscuit (alpari has a spread of at least 2 pips so actually yur stop loss is 2?) and if your placing on BE..u must be entering at least 20 times if lucky to see a profit b4 being stopped out..the market is different now..many edges need serious refining ..u cannot be that good as very few are if it is even possible there is no system in...


Nav, I know you think it isn't possible, and I know you are right in the sense that that is what everyone thinks.

I can't say anything more than perhaps I PROMISE it is true? Scalpers can have 80% accuracy right? so then why cant you enter your H4 or H1 levels on m1 and have 80% accuracy and lose 20%?

I know it sounds impossible and means you'll be making alot of money quite quickly.

How do I know this? I've seen real traders doing it.

Good luck, I see this subject as over...

EDIT: FXCM active traders have spreads varying between 0.3 and 0.8
@pawpaw1000 on Twitter
  • #357,591
  • Jan 7, 2014 11:24am Jan 7, 2014 11:24am
Quoting GlobalMacro
{quote} Right on Nav. very well put!
  • #357,592
  • Jan 7, 2014 11:30am Jan 7, 2014 11:30am
Quoting pawpaw1000
{quote} EDIT: FXCM active traders have spreads varying between 0.3 and 0.8
This is all u need to know about this tight stop trading 'strategy'.
  • #357,593
  • Jan 7, 2014 11:32am Jan 7, 2014 11:32am
Quoting pawpaw1000
{quote} Nav, I know you think it isn't possible, and I know you are right in the sense that that is what everyone thinks. I can't say anything more than perhaps I PROMISE it is true? Scalpers can have 80% accuracy right? so then why cant you enter your H4 or H1 levels on m1 and have 80% accuracy and lose 20%? I know it sounds impossible and means you'll be making alot of money quite quickly. How do I know this? I've seen real traders doing it. Good luck, I see this subject as over...
maybe the top 1% can achieve this..u see almost every trader will delay the prospect of being wrong..its human nature to try protect oneself from being wrong and 4 pip one way or the other does not register with 99% of trader as a suitable filter to gauge if they are right or wrong..This is where i have trouble with this type of system..if it is something u are working on..i wish u luck but imho it is making trading actually harder than it actually is

any system which can prove u wrong with DD assuming response to react is quick can be a profitable system

good luck
  • #357,594
  • Jan 7, 2014 11:41am Jan 7, 2014 11:41am
Quoting Kajos2250
{quote} Wonderful daily bullish pinbar setup with 50% retracement entry! And soon a bullish head and shoulders. Validation by a little retrace... {image}

I'm not seeing the head and shoulders on the daily. I see a head, and a left shoulder, but we have at least a week, probably more like two weeks, before we build that second shoulder.
  • #357,595
  • Jan 7, 2014 11:41am Jan 7, 2014 11:41am
Things starting to look interesting for Cable....this is how I see the hourly setup...


GBP/USD - H1
Attached Image
Hear the music before the song is over ...
  • #357,596
  • Jan 7, 2014 11:42am Jan 7, 2014 11:42am
observe these graphics, and you will see how it is possible operations with 4 pips SL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbyc.png Size: 37 KB
Click to Enlarge Name: uk1n.png Size: 25 KB
  • #357,597
  • Jan 7, 2014 11:44am Jan 7, 2014 11:44am
Quoting Baggi
{quote} I'm not seeing the head and shoulders on the daily. I see a head, and a left shoulder, but we have at least a week, probably more like two weeks, before we build that second shoulder.
Because there is not on the daily! Maybe search it lower TF if you dont like my picture
Anything is math!
  • #357,598
  • Jan 7, 2014 11:54am Jan 7, 2014 11:54am
Quoting jmss59
observe these graphics, and you will see how it is possible operations with 4 pips SL {image} {image}

any1 can show this after an event..infact any oscillator in ranging condition seems to show the direction in advance the problem is u never quite sure when the ranging will finish ..nice chart thou

note:-what time frame is this chart ..if it is more than 1 hr..how many times did the entry get hit b4 it went up?..this will..give u why your chart doesnt quite favor this debate
  • #357,599
  • Jan 7, 2014 11:55am Jan 7, 2014 11:55am
Quoting jmss59
observe these graphics, and you will see how it is possible operations with 4 pips SL {image} {image}
Your charts make sense and your rationale well outlined.

But this is completely different from what KLOtJunior was doing all day long.
Hear the music before the song is over ...
  • #357,600
  • Jan 7, 2014 11:58am Jan 7, 2014 11:58am
Quoting GlobalMacro
{quote} Your charts make sense and your rationale well outlined. But this is completely different from what KLOtJunior was doing all day long.

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