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Cable Update (GBPUSD)

  • #357,601
  • Jan 7, 2014 12:01pm Jan 7, 2014 12:01pm
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}

Looking good Kajos.
I think that Reverse H&S is not confirmed yet....what would you say where the neckline is?
Hear the music before the song is over ...
  • #357,602
  • Jan 7, 2014 12:14pm Jan 7, 2014 12:14pm
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.
I have intervened because it seems that doubts that can be operated with 4 pips SL.
  • #357,603
  • Jan 7, 2014 12:17pm Jan 7, 2014 12:17pm
Quoting nAVIN2007
{quote}
You're in any trades bro?
Hear the music before the song is over ...
  • #357,604
  • Jan 7, 2014 12:18pm Jan 7, 2014 12:18pm
Quoting Kajos2250
{quote} Because there is not on the daily! Maybe search it lower TF if you dont like my picture
My bad, I didn't even notice the picture. I saw:

"
Wonderful daily bullish pinbar setup with 50% retracement entry!"

And thought you were talking about a daily head and shoulders set up.
  • #357,605
  • Jan 7, 2014 12:19pm Jan 7, 2014 12:19pm
Quoting nAVIN2007
{quote} 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
They are graphic 5m. In this system the most important is the s / r, the indicator only helps identify overbought and oversold. And of course the rules have well defined input and output.
  • #357,606
  • Jan 7, 2014 12:20pm Jan 7, 2014 12:20pm
Quoting GlobalMacro
{quote} Looking good Kajos. I think that Reverse H&S is not confirmed yet....what would you say where the neckline is?
If i traded this signal i would do it like this way:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh1.png Size: 62 KB


This signal just made me stronger to hold my longs!

Sorry for my poor english
Anything is math!
  • #357,607
  • Jan 7, 2014 12:27pm Jan 7, 2014 12:27pm
Quoting jmss59
{quote} I have intervened because it seems that doubts that can be operated with 4 pips SL.
No it wasn't about the size of SL per se.
It's about him annoucing AFTER the fact that he bought the bottom with 4 pip sl on ultra short term trades many times during the day after he was sure market gone his way.
Sometimes not even saying what level he traded at, only annoucing 4 pip sl.
Hear the music before the song is over ...
  • #357,608
  • Jan 7, 2014 12:27pm Jan 7, 2014 12:27pm
Quoting jmss59
observe these graphics, and you will see how it is possible operations with 4 pips SL {image} {image}
Nice strategy!
Anything is math!
  • #357,609
  • Jan 7, 2014 12:31pm Jan 7, 2014 12:31pm
Quoting GlobalMacro
{quote} No it wasn't about the size of SL per se. It's about him annoucing AFTER the fact that he bought the bottom with 4 sl on an ultra short term trades many times during the day after he was sure market gone his way. Sometimes not even saying what level he traded at, only annoucing 4 pip sl.
ok
  • #357,610
  • Jan 7, 2014 12:41pm Jan 7, 2014 12:41pm
Quoting Kajos2250
{quote} If i traded this signal i would do it like this way: {image} This signal just made me stronger to hold my longs! Sorry for my poor english
Perfect. Thanks.
Hear the music before the song is over ...
  • #357,611
  • Jan 7, 2014 12:53pm Jan 7, 2014 12:53pm
Quoting GlobalMacro
{quote} No it wasn't about the size of SL per se. It's about him annoucing AFTER the fact that he bought the bottom with 4 pip sl on ultra short term trades many times during the day after he was sure market gone his way. Sometimes not even saying what level he traded at, only annoucing 4 pip sl.


{quote} I've got 6374 as a level (Yesterdays range FIBO) but hesitant to enter. So I won't enter as I know thats emotion ;-)

Long 6389 sl 6385... Watching will jump ship early

Let me tell you why I entered at the bottom of the pullback at 6389, take the push up from the bottom at 6374 and the top of 1st leg at 6396 then take the 50% retrace, gives you the exact point where the retrace at 63856 where we bounced. Now, I wouldn't go long on that alone, London open is 63876 and top of earlier channel on m15 comming in at 63845. ALOT OF CONFLUENCE!

Take that plus the fact that I've been bullish since LO and the fact that we failed to break LO bottom and now we can say I was ready to enter.

How do I enter? wait for a rejection of my level, then a bull candle and sell stop 1 tick above that bull candle on M1

Got triggered and off we went. I entered with momentum as I entered on a stop and therefore I can move my SL to BE very quickly.
DP was just above us so once we had broken through I put my SL just below it.

I'm telling you, it's not as hard or impossible as you make it out to be, problem is, you don't believe it and so, ITS IMPOSSIBLE.

Here's the screenshot again so you can see what I was talking about. and once again, TP was 1 pip below NY open...
Attached Image (click to enlarge)
Click to Enlarge Name: ff.png Size: 57 KB
@pawpaw1000 on Twitter
  • #357,612
  • Jan 7, 2014 12:58pm Jan 7, 2014 12:58pm
Quoting pawpaw1000
{quote} {quote} I've got 6374 as a level (Yesterdays range FIBO) but hesitant to enter. So I won't enter as I know thats emotion ;-) Long 6389 sl 6385... Watching will jump ship early Let me tell you why I entered at the bottom of the pullback at 6389, take the push up from the bottom at 6374 and the top of 1st leg at 6396 then take the 50% retrace, gives you the exact point where the retrace at 63856 where we bounced. Now, I wouldn't go long on that alone, London open is 63876 and top of earlier channel on m15 comming in at 63845. ALOT OF CONFLUENCE!...


And here's after the fact:

Don't know how else I can show I'm not lying but hey... I tried my best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 56 KB
@pawpaw1000 on Twitter
  • #357,613
  • Jan 7, 2014 1:00pm Jan 7, 2014 1:00pm
GU 1H
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 13 KB
  • #357,614
  • Jan 7, 2014 1:09pm Jan 7, 2014 1:09pm
Quoting pawpaw1000
{quote} {quote} I've got 6374 as a level (Yesterdays range FIBO) but hesitant to enter. So I won't enter as I know thats emotion ;-) Long 6389 sl 6385...
First off let's get the record straight.
There's nothing special about 4 pips sl......4 , 3, 2, 1 , 0 pips sl.... It doesn't make any difference.

What does make very much difference is this:

When you announce rapid trades with ultra tight stops like you did many times today,
it cannot be that you announcing your entry AFTER you're 10, 20 pips in profit....

OK!!!!!

Now if you want to be taken seriously, when calling these ultra short term trades with tight stops you have to announce your entry limit beforehand....this isn't of course necessary if you have 30 or 40 or more pips sl because you would have more margin of error and above all more TIME but not with 4 pips sl.

Otherwise it's fake. Simple as that.
Hear the music before the song is over ...
  • #357,615
  • Jan 7, 2014 1:13pm Jan 7, 2014 1:13pm
Quoting GlobalMacro
{quote} First off let's get the record straight. There's nothing special about 4 pips sl......4 , 3, 2, 1 , 0 pips sl.... It doesn't make any difference. What does make very much difference is this: When you announce rapidfire trades with ultra tight stops like you did many times today, it cannot be that you announcing your entry AFTER you're 10, 20 pips in profit.... OK!!!!! Now if you want to be taken seriously, when calling these ultra short term trades with tight stops you have to announce your entry limit beforehand....this isn't necessary...

I've given many levels both here and in eurusd thread and my entries usually come straight after we get there. I always post entries mere seconds after entering, go look at the time of that 1st trade.

Anyways, this discussion is futile

I now what's real and what isn't, you can just stay in your little box and believe what you will


EDIT; you're right, I won't be taken seriously because it's impossible so I'll stop. Sorry ;-)
@pawpaw1000 on Twitter
  • #357,616
  • Jan 7, 2014 1:17pm Jan 7, 2014 1:17pm
the longer i trade cable as a scalper, the more i wonder why so many traders here are permabears. in my point of view, cable is in a stable uptrend since the 9.7.2013. the majority of the traders here (65%) is still short. maybe i should enter a midterm long-position if trendline will be touched. still thinking about this, but the past was teaching me not to try anything else than scalping as a risk-avers trader...
fortis fortuna adiuvat
  • #357,617
  • Jan 7, 2014 1:21pm Jan 7, 2014 1:21pm
Quoting pawpaw1000
{quote} I've given many levels both here and in eurusd thread and my entries usually come straight after we get there. I always post entries mere seconds after entering, go look at the time of that 1st trade. Anyways, this discussion is futile I now what's real and what isn't, you can just stay in your little box and believe what you will EDIT; you're right, I won't be taken seriously because it's impossible so I'll stop. Sorry ;-)
Announce your entry limit BEFORE, OK, not AFTER, OR just trade with wider SL.

How much more obvious can this be.....
Hear the music before the song is over ...
  • #357,618
  • Jan 7, 2014 1:23pm Jan 7, 2014 1:23pm
Quoting GlobalMacro
{quote} Announce your entry limit BEFORE, OK, not AFTER, OR just trade with wider SL. How much more of obvious can this be.....


What if I said my SL was 100 pips but I get out as soon as the market turns against me meaning I get out BE or better most of my trades?

The SL has nothing to do with it, I'm telling you it is just there to protect myself from a spike or whatever, it hardly ever gets hit while I'm in front of the screen as I pull the plug if the market doesn't do what I think it should...
@pawpaw1000 on Twitter
  • #357,619
  • Jan 7, 2014 1:31pm Jan 7, 2014 1:31pm
Quoting pawpaw1000
{quote} What if I said my SL was 100 pips but I get out as soon as the market turns against me meaning I get out BE or better most of my trades? The SL has nothing to do with it, I'm telling you it is just there to protect myself from a spike or whatever, it hardly ever gets hit while I'm in front of the screen as I pull the plug if the market doesn't do what I think it should...
State your ENTRY LIMIT BEFORE market gets there and only then I believe you.
Doesn't matter if you win or lose btw.

Can you do this simple thing:

buy/sell limit : 1.6.... --> BEFORE MARKET GETS TO THIS LEVEL!
sl: 1.6......



Can you?
Hear the music before the song is over ...
  • #357,620
  • Jan 7, 2014 1:31pm Jan 7, 2014 1:31pm
Quoting deltaone
the longer i trade cable as a scalper, the more i wonder why so many traders here are permabears. in my point of view, cable is in a stable uptrend since the 9.7.2013. the majority of the traders here (65%) is still short. maybe i should enter a midterm long-position if trendline will be touched. still thinking about this, but the past was teaching me not to try anything else than scalping as a risk-avers trader...

I think you'll find that because the trend is up - sideways, it allows bears to trade as well as bulls... but that this is a bullish pair there can be little doubt.

I also think though that if a trader called pawpaw1000 see's an opportunity to long cable and another trader called JimmyC see's the long and also notes that there is a short opportunity that there is nothing wrong in earning on the long side and taking the valid short to maximise some profit during the zig - zag up

Just my two cents, I agree with you though there do seem to be traders who are biased either way, I know rich bulls, not many rich bears.

G/L & Good Night!
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 29 KB
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