Cable Update (GBPUSD)

* last 4hr close bearish-indecisive really
* price remains between current dly lo and Asian hi after being rebuffed @ DP etc

1hr/4hr below

buy - 1.2731

- 0.05 lot
- stop loss below the bottom

try to open only 1 trade, pratice it.

I will let you figure that out like I did .

Double crooky mf

lol...what do you think? so pay attention if you post something like that, because there are some really smart guys on FF

...although bearish-bodied, the wkly close on Friday was a hammer, and fri's dly close was bullish-bodied upside follow-thru of the prev day's pinbar. Suggestive of more upside (follow-thru) @ some point this week? Time will tell. I don't know whether it's the greater probability though.

ok, let's play this game. check your email.

the price need to cross above 1.2745 or we will to lose again.

Hi, I think there are so-called 'legit' traders here even if they are trading demo. There are however probably some who are trading demo who purport to be trading live and to this extent, they are not 'legit.' We can all have a guess/feeling of who they might be, (there are mostly always clues.) Personally, unless it adds to my bottom line, I don't care.

they are 'legit' as long as they disclose that they are trading demo, right? i mean, if they claim that it is a live account, then something must be fishy.

Hi, well yeh, I guess we, or more importantly they (if they are,) should ask ourselves/themselves why they are pretending to be live when they are in demo.
The only answer (s) I can think of are a. To gain credibility - possibly towards a nefarious motive, and b. To impress a room full of strangers, they'll very likely to an almost certainty never meet!

EURCAD SHORT

Hi Bfx,
Just had a look at the links and wasn't aware of the drama. Just so you know. Aussi has 233 buddies and I happen to be one of them. Apart from that I have no affiliation with him and I've never spoken to him at all. To be honest, I do not care if he trades a demo account. It does not affect my trading at all. Here is the important part, As long as he does not trouble me, he can do as he pleases.
Cheers.

The real question we need to ask does it matter to you if i'm trading in a real account or demo?
Does any $$$ i make or lose add up or is deducted fron your account?

You see it makes no sense, what ever other people do or not with their account. Stick to your own account you will way ahead than you were yesterday and a year ago.

i would not say one of the best but looking at D1 , there is a nice dip which is an indication of the end of a correction with an upside impulse about to begin

short EA
Long AU from last week.

i am highly sceptical as it is using repainting semaphores and a lot of the info supplied to trade it is incomprehensible to me, maybe you can understand it.
LOL. Sadly, most of what is written is indeed incomprehensible. It is not even organized onto the page very well. It makes me wonder that if it is considered well-presented by the author, then a.) what kind of "orderliness" is normally present in his mind and b.) does he really believe that the audience that I suspect he is trying to attract--retail traders--can grasp what is there? (And some poor guy somehow seems to have gotten roped into rewriting the documents for free! YIKES!)

I read every post in the thread and at least opened and read parts of every document that was posted. Also, there is frequent mention of a cloud version, with the present PC-based version a cloud version prototype, which turned out to be time limited (Ha-HA! Folks got a big surprise with that unannounced "feature" hit!). So it is highly likely that the cloud version, if it ever materializes, will be subscription based. There are KNOWN issues with the main EA that are not going to be fixed, and the system is not backtestable and the user cannot even scroll back and manually "backtest". So, based on all of this, I suggest that no one waste his time with it.

This raised my "scam alert" based on the repackaged indicators described below along with the fact that every document posted has marketing material in it. If a document is intended to help the reader understand the material such that he might be able to apply it in his trading, that is, make PRACTICAL use of it, then that document has absolutely no reason to include marketing material.

IF that Orbit tool is based on chaos math, which is sprinkled within many of the documents yet with no explanaion and no connection with practical aspects of trading, then why are indicators essentially repackaged/renamed common indicators??? For example, I see that MRI is just Floor Traders Pivots with a bit of an adjustment. The i-HighLow is just Donchian channel with an adjustable offset for the location of the bands. The KSO seems to be a grid displaying values of a modified Fisher Transform.

Oh, and I checked the code of one of the indicators and found some basic errors, such as assigning some functions a return type of VOID when they actually returned INT. LOL. And a huge concern is the fact that from the very beginning, the main EA was found to FREEZE, and there is no way to know that it has indeed frozen or if there is simply nothing new to be updated on the display. And it was made clear that the freezing issue would not be investigated in the code!! If that is the quality of the coding, and many of the indicators as EX4 only, then reliability questions are raised.

And looking at the number of downloads, only 34 over about 20 hours, of the latest "important" document that ". . . shows how to make real-time analysis of markets when using Orbit the Tool. . . If you can articulate and understand the simple logic of the geometry in page 12, then there is nothing left to tell you about Orbit or what to do with it, how to trade with it or in any other way apply the tool.", together with have at most 5 regular contributors, indicates low real interest.

And finally, based on the above claim of needing to only understand the simple logic on a page to know how to use the tool, plus the posted investigation by Regit of rigidly following "scalping" instructions that were touted as foolproof but ended in a loss, again make it clear that as it stands today, this is a hopelessly unintelligible effort at presenting "something" under the guise of a Chaos-based view of price movement.

My conclusions are exactly the same as yours, Orbit is an attempt at a sophisticated scam, the creator is trying to come across as highly intelligent yet fails miserably at every attempt to present anything that is cohesive , the information in the pdfs is often contradictory and as you said semaphores are a losing proposition full stop as they recalculate.

Thanks for taking a look