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Cable Update (GBPUSD)

  • #358,641
  • Edited 8:19am Jan 15, 2014 3:36am | Edited 8:19am
Good Morning!
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...56#post7213756
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #358,642
  • Jan 15, 2014 3:41am Jan 15, 2014 3:41am
Quoting chazzle
{quote} keep it coming cable
re-loading 1.64 - it works till it doesn't
  • #358,643
  • Jan 15, 2014 3:42am Jan 15, 2014 3:42am
Quoting elbert3
1.6397 holds bulls i think thats why my order is just below i think a buy order 1.6420 would be a place to be, lets see
see above on the 15 min i posted this yesterday nearly at the same time, strange which way today yesterday it went long
  • #358,644
  • Jan 15, 2014 3:49am Jan 15, 2014 3:49am
Quoting chazzle
{quote} re-loading 1.64 - it works till it doesn't
took a couple will wait for the next move
  • #358,645
  • Edited 4:02am Jan 15, 2014 3:49am | Edited 4:02am
Quoting TauTrader
{quote} Good day to you, Sir I would like to rather see it as a "scaling in" way of trading - as others have mentioned. It always remains a toss up between acknowledging an incorrect trade, vs a "too early" entry. I have started using multiple entries a while ago, as I often found myself entering too early. Someone once said that one should actually use your Stop Loss level as your first entry. I consult my box of tools and if I'm reasonably confident that I have a better probability in a certain direction - i would enter - starting small and adding...
hi tautrader,
altough i would never try martingales with margin trading (high risk strategy, high risk vehicle) i must say that your sharp ratio shown in your trade explorer is ok while your sortino ratio is very good. -34% drawdown (equity) is not acceptable for me, but this defers among traders. i know itīs just a demo and testing for you, but the result looks fine. hope your setup will give you profit in real after the test-year. if you are interested in the theory of martingales, you may find this helpful: http://www.math.nyu.edu/faculty/vara...e/PROB.ch5.pdf
fortis fortuna adiuvat
  • #358,646
  • Jan 15, 2014 4:01am Jan 15, 2014 4:01am
Quoting chazzle
{quote} took a couple will wait for the next move
GU M15

should really have stayed in that - next up 434 - looking for rt of small lower diagonal
Attached Image (click to enlarge)
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  • #358,647
  • Jan 15, 2014 4:03am Jan 15, 2014 4:03am
short order activated bang on the daily pivot.
  • #358,648
  • Jan 15, 2014 4:28am Jan 15, 2014 4:28am
Quoting littlecraig
short order activated bang on the daily pivot.
Im not trading this pair right now (im already in 3 trades at it is) but as you can see. Theres too much risk going long and short. We will be buying into the resistance number at 1.6420 not to mention into the 200 EMA. As for going short this was a typical stop run to scoop all the aggressive short and run their stops. Basically the institutions are using this opportunity to get into their positions gradualy using this as liquidity for them. A very bad time for us to try and make money. So if you scalping this ill be clapping from the sidelines goodluck and may the pips be with you
excuse my grammatical errors just woke up
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  • #358,649
  • Jan 15, 2014 4:40am Jan 15, 2014 4:40am
Quoting chazzle
next up 434 - looking for rt of small lower diagonal
GU M15

didn't get the set up , unfortunately

looking at 434 and blue DTL to go with 465 and 484 in sight
Attached Image (click to enlarge)
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  • #358,650
  • Jan 15, 2014 4:46am Jan 15, 2014 4:46am
Quoting chazzle
{quote} didn't get the set up , unfortunately

looking at 434 and blue DTL to go with 465 and 484 in sight
Well done, Chazzle.
Hear the music before the song is over ...
  • #358,651
  • Jan 15, 2014 4:46am Jan 15, 2014 4:46am
very low volatility. pound has freezed.
  • #358,652
  • Jan 15, 2014 4:50am Jan 15, 2014 4:50am
Hello thread readers.

A strong bounce off Weekly S1 at today's current low point - intraday generally now like longer term seems rangy now...5min started the move up a pinbar then a hammer - ie a tweezer bottom then 1hr printed a hammer and a bullish engulfing resulting in the 4hr pinbar shown below...

Best Wishes
Attached Image (click to enlarge)
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it's all gone a bit........
  • #358,653
  • Jan 15, 2014 4:53am Jan 15, 2014 4:53am
Quoting chazzle
{quote} keep it coming cable +10 here {image}
congrats this is really not easy !!
  • #358,654
  • Jan 15, 2014 4:59am Jan 15, 2014 4:59am
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  • #358,655
  • Jan 15, 2014 5:01am Jan 15, 2014 5:01am
Quoting GlobalMacro
{quote} Well done, Chazzle.
thanks mate
  • #358,656
  • Jan 15, 2014 5:03am Jan 15, 2014 5:03am
Quoting IveGotQuads
{quote} congrats this is really not easy !!
thanks - just following the reverse from LO - half expecting a wtf move though ... which is paranoia or playing it cautiously ... time will tell

early Asia lows to hold bears at 412 for the time being as I see it
  • #358,657
  • Jan 15, 2014 5:04am Jan 15, 2014 5:04am
Quoting chazzle
{quote} GU M15 didn't get the set up , unfortunately looking at 434 and blue DTL to go with 465 and 484 in sight {image}
I see 484 as well...how confident are you about it intraday?
Hear the music before the song is over ...
  • #358,658
  • Jan 15, 2014 5:07am Jan 15, 2014 5:07am
GBPUSDH4
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THERE IS NO SYSTEM
  • #358,659
  • Jan 15, 2014 5:10am Jan 15, 2014 5:10am
Quoting deltaone
{quote} hi tautrader, altough i would never try martingales with margin trading (high risk strategy, high risk vehicle) i must say that your sharp ratio shown in your trade explorer is ok while your sortino ratio is very good. -34% drawdown (equity) is not acceptable for me, but this defers among traders. i know itīs just a demo and testing for you, but the result looks fine. hope your setup will give you profit in real after the test-year. if you are interested in the theory of martingales, you may find this helpful: http://www.math.nyu.edu/faculty/vara...e/PROB.ch5.pdf...
Good day to you, Sir

Thank you - appreciated. Yes - the 34% drawdown was a terrible trade I took based on testing some indicator. Before this - a week or 2 ago - the drawdown was around 10.4%. So - I acknowledge that. It is in fact unacceptable to me too ( the 34%) - but since I'm "kicking tyres" on a few different strategies, I understand where that comes from. A lesson was learned there - so adjustments were made.

I have a killer short entry figured out - it is now looking at the long side where my focus is..

Appreciate your time and comments

All the best

Regards
  • #358,660
  • Jan 15, 2014 5:11am Jan 15, 2014 5:11am
Quoting chazzle
half expecting a wtf move though ...
I guess that will coincide with Carney jawboning around NYO - will not be here for it unfortunately
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