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Cable Update (GBPUSD)

  • #225,441
  • May 10, 2010 4:20pm May 10, 2010 4:20pm
Quoting kill56
wow thats nice would like to know what kind of signal u get from it some info plz
i can tell you that it is a mix of trend trading/ pivot point trading and support and resistance trading and swing trading and fib trading, the system tells me what market where in and then it base it signals off the current market that where in.
  • #225,442
  • May 10, 2010 4:21pm May 10, 2010 4:21pm
Magix's Voodoo also has the 24ma crossing the 200ma on m5 as depicted here -

Attached Image (click to enlarge)
Click to Enlarge Name: 100510_gbpusd_m5_voodoo.png Size: 49 KB
  • #225,443
  • May 10, 2010 4:23pm May 10, 2010 4:23pm
but please remember this system is not perfect no system is, so there are ups and downs, as long as the system have more ups then down im good good luck to all and lets see what tommorow brings
  • #225,444
  • May 10, 2010 4:24pm May 10, 2010 4:24pm
Quoting fxoxford
yes i did develop this software about 6yrs ago, i will have to go back to find out what all i put into it, after i finish i just start trading it once i found out it was a good system, i have no memory of all the info i put in to it, your asking me to go back over 6yrs, im very sorry but i just don't have the time to figure that out, i build it and once i found out it works i never look back
OK. Thanks for answering. One last question... if it is a successful system, have you tried selling it to other traders?

Good luck!
  • #225,445
  • May 10, 2010 4:26pm May 10, 2010 4:26pm
Quoting bbakker
OK. Thanks for answering. One last question... if it is a successful system, have you tried selling it to other traders?

Good luck!
no, never sell something that makes you money, it can ruin your system, if you find something that makes you money week after week then you need to keep it to yourself unless you already made a billion dollars from it
  • #225,446
  • May 10, 2010 4:34pm May 10, 2010 4:34pm
The talks between Labour and the Lib Dems have broken up. Schools Secretary Ed Balls tells the BBC they were "positive and constructive".

That is what the Cons said with their talks to the Lib Dems
  • #225,447
  • May 10, 2010 4:40pm May 10, 2010 4:40pm
Quoting fxoxford
no, never sell something that makes you money, it can ruin your system, if you find something that makes you money week after week then you need to keep it to yourself unless you already made a billion dollars from it
never seen a good system and most of the ppl sellen there system is scam how long u stay with u position , in this room we do learn teach help advice best of luck to u and every body who trade forex and if u need any help u will find a lot of ppl willing to help and advice for free
  • #225,448
  • May 10, 2010 4:46pm May 10, 2010 4:46pm
Quoting kill56
never seen a good system and most of the ppl sellen there system is scam how long u stay with u position , in this room we do learn teach help advice best of luck to u and every body who trade forex and if u need any help u will find a lot of ppl willing to help and advice for free
lol, there's no advice needed on my side, i just know that a lot of traders who enter this business fail and i can tell you i was one of them it is the most hardest market to trade, this sh!t aint easy, i myself blew over 10 account before i got it wright. thats why i wish all my fellow traders good luck because it aint easy, it takes hard fking work
  • #225,449
  • May 10, 2010 4:50pm May 10, 2010 4:50pm
Quoting bbakker
The talks between Labour and the Lib Dems have broken up. Schools Secretary Ed Balls tells the BBC they were "positive and constructive".

That is what the Cons said with their talks to the Lib Dems
Tuesday's newspapers are starting to come in and the Daily Mail has a bleak view of Monday's proceedings. It proclaims a "Squalid Day for Democracy", calling Nick Clegg "two-faced". The Daily Telegraph calls Mr Brown's decision to quit a "sordid" attempt to keep Labour in power.

If you want to see what I am reading visit http://news.bbc.co.uk/1/shared/election2010/liveevent/
  • #225,450
  • May 10, 2010 4:52pm May 10, 2010 4:52pm
Quick question from a newbie, Candle engulfment to indicate reversal of trend..... understand the logic no problem, but which type of trading does it suit best?
I have studied a few charts since reading up on it and the occurences of indications on forex seems few and far...

Cheers
  • #225,451
  • May 10, 2010 4:59pm May 10, 2010 4:59pm
Quoting willo
Quick question from a newbie, Candle engulfment to indicate reversal of trend..... understand the logic no problem, but which type of trading does it suit best?
I have studied a few charts since reading up on it and the occurences of indications on forex seems few and far...

Cheers
i can give you a little hint, if for example 1st support wast hit first then 1st resistance was hit in the same trading day then the trend is heading up in a big way, and vice versa
  • #225,452
  • May 10, 2010 5:01pm May 10, 2010 5:01pm
Quoting willo
Quick question from a newbie, Candle engulfment to indicate reversal of trend..... understand the logic no problem, but which type of trading does it suit best?
I have studied a few charts since reading up on it and the occurences of indications on forex seems few and far...

Cheers
Candlestick patterns suits ALL types of trading, whether swing, position, day or scalping and is relevant in all timeframes. There are different types of engulfing candlesticks. For a complete candlestick dictionary visit http://stockcharts.com/school/doku.p...estick_pattern_

Be wary of the h4 candlestick as different platforms have different timezones and can produce different candlesticks on the h4 tf.

Good luck!
  • #225,453
  • May 10, 2010 5:11pm May 10, 2010 5:11pm
Quoting winsome
carefull with yer trades, getting close to the end game.

David Cameron has phoned Nick Clegg in the past 25 minutes to set out the Tories' final offer of a referendum on AV, the BBC learns. It's understood there is no deadline to the offer. Lib Dem MPs will meet at 2200 BST for more discussions
Lib Dem sources say there will be no decision on Monday over the deals offered by Labour and the Conservatives. There is a recognition that Tuesday is "crunchie time"

Attached Image
  • #225,454
  • May 10, 2010 5:13pm May 10, 2010 5:13pm
Quoting willo
Quick question from a newbie, Candle engulfment to indicate reversal of trend..... understand the logic no problem, but which type of trading does it suit best?
I have studied a few charts since reading up on it and the occurences of indications on forex seems few and far...

Cheers

try this

http://www.tradingpricepatterns.com/bearish-reversal/
  • #225,455
  • May 10, 2010 5:25pm May 10, 2010 5:25pm
Anyone have any idea that could we see 1.4800 ?
  • #225,456
  • May 10, 2010 5:32pm May 10, 2010 5:32pm
Thx for that peeps.....got my reading material for tomorrow while I recover from a pulled wisdon tooth thats gone major league infected...
not sure if I find that more annoying or Labours fingers on the edge of a cliff routine.
Cheers to all, time for sleep, happy pippin night owls.
  • #225,457
  • May 10, 2010 6:07pm May 10, 2010 6:07pm
Quoting 2way trader
Anyone have any idea that could we see 1.4800 ?
I have a good idea it will. See my earlier posts -

http://www.forexfactory.com/showthre...19#post3713319
http://www.forexfactory.com/showthre...82#post3713382
  • #225,458
  • May 10, 2010 6:11pm May 10, 2010 6:11pm
Quoting bbakker
I have a good idea it will. See my earlier posts -

http://www.forexfactory.com/showthre...19#post3713319
http://www.forexfactory.com/showthre...82#post3713382
Weeeeeeeeeeeeeee! Down we go!
  • #225,459
  • May 10, 2010 6:13pm May 10, 2010 6:13pm
Quoting bbakker
Weeeeeeeeeeeeeee! Down we go!

  • #225,460
  • May 10, 2010 6:36pm May 10, 2010 6:36pm
Quoting kill56
Fibre is stinking too
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