I plot it on the MACD (20,200,1 as you specify), looks good, as good as anything else anyway Shame MT4 doesn't allow SMA/EMA MACD to test what it looks like 24SMA/200EMA. But you get the idea. image As you say. See above! A lot of work! High ...

Cable Update (GBPUSD)

Hi Magix, thanks for your thoughts on this! I do have a sell stop at the "bottom of the chart" waiting as mentioned earlier. Still in the Tokyo long at -1%. Was not aware of any battle between EMA and SMA (tell me more?) they are both very useful ...

Cable Update (GBPUSD)

Hey bbmac, Very interesting charts you have posted on the intraday plot. I see you use the 200SMA, it is a very bearish sloped fakeout move on the chart you posted, but when you look at the 4 hour intraday plot, the formation seems quite reversed ...

Cable Update (GBPUSD)

Ermmm...news...is not what I am referring to when I say information moves price. I am pointing out that every participant in the market has some information which is the impetus for his trading actions. Efficient Market Hypothesis is something ...

Cable Update (GBPUSD)

To ikdenk, and also bbaker, as your questions are similar. Books are not necessary, but can sometimes be a good investment. In the case of mathematics as an academic exercise, all research is released in research paper form to be submitted to ...

Cable Update (GBPUSD)

Wow Eulogy, please don't laugh at me? Seems very rude. I was merely providing an example of chaotic price potential. Your own example of the DX reversing from 77 to 80 in an under an hour is in fact, exactly what I was trying to highlight. Price ...

Cable Update (GBPUSD)

Dear Magix, I am sorry, perhaps my English is not perfect and may have trouble communicating. Please be aware: the market is certainly not random, it is certainly not chaotic. We know this, because trends exist. Trends are non-existent in pure ...

Cable Update (GBPUSD)

Hi ikdenk, I have no idea how that works at all, nor why you would do it. Intraday trading involves cutting your losses ASAP with an eye to keeping costs (spreads, commissions) as low as possible. If you take one position intraday and then take the ...

Cable Update (GBPUSD)

Hi ikdenk, The most common and cheapest hedge is in the form of an OTC fx option contract. Usually you have to call up a big broker to buy one, in my case it's one of the big 4 Australian banks, or offices of Goldman Sachs or Citibank in Aus. For ...

Cable Update (GBPUSD)

Hi Magix, A strange welcome to the forums, I am certainly no stranger to the forex itself. Perhaps you are not aware of Mandelbrot and his analysis of financial markets which have since been vindicated many times over by other researchers including ...

Cable Update (GBPUSD)

Hi guys I'm back for my second post! Seems the early market rumours about the UK GDP figures coming out better than expectations turned out to be true which drove the pair significantly higher overnight. A classic "Noah Effect" event! ( url ) I am ...

Cable Update (GBPUSD)

Hi guys, New member to the forum here, hope to contribute my thoughts to this thread. Have been trading currency for some time now, cable is my favorite due to high correlation with EURUSD but with better price opportunities due to overall lower ...

Cable Update (GBPUSD)