Any one looking at the weekly bar that is nearly complete? Even if it closes at last weeks high or higher, it would still look like a topping formation, don't know the name of this type of bar? This will lead into next month as bearish.....

Cable Update (GBPUSD)

yeah agreed. I don't like to predict lol but I think 1.72 will get hit soon, if it hits 1.71 before 1.6860 then I will short it and short again at 1.72

Cable Update (GBPUSD)

Looking at highest open or closing price on monthly cable we see that the highest open price set in 2008 has been breached at 1.6858. Buy if it gets back here. Big area of support at the end of 2005 which was breached. Sell 1.7220 - bull trend could ...

Cable Update (GBPUSD)

Two weeks into this months bar, cable has already covered the range of the previous month. At this point I like to imagine what the bar would look like if it was to close 100,200 and 300 points lower from today? Personally I can't see this turning ...

Cable Update (GBPUSD)

hi albchr, your chart does look convincing for shorts, but us dollar looked more likely for down to me so buy was in order over sell, also the volume was massive at 1.6750 indicative of higher prices ( I know volume is contentious issue in forex ...

Cable Update (GBPUSD)

one for the trendline lovers, break and retest 4hr chart

Cable Update (GBPUSD)

yeah looks long still on monthly, perfect resistance turned support, took off my pending shorts for now..

Cable Update (GBPUSD)

High volume move from accumulation??

Cable Update (GBPUSD)

Today has the largest volume reading on my daily charts since the beginning of the year, what do you make of this?

Cable Update (GBPUSD)

What do you guys think of the monthly bar that has just completed? I have highlighted other 'weak' monthly bars for comparison, declining volume? I am demo trading and long from 1.6300 now looking for exit and to get short. Interested in what you ...

Cable Update (GBPUSD)

Hi KJB Please see comments IN BLUE I have a couple of questions and some suggestions. Is your system purely mechanical, in other words could it be an EA? YES Does it only work with GBP/USD, if it does, then why? Or is that all you have back tested ...

How much would you charge to sell your system?

Hi Iwjw, This may well be a 'realistic' possibility. Thankyou for your input Slim

How much would you charge to sell your system?

Hi 60minuteman, Yes this method is 1:1 My 3/1 sytem is still being tested Thanks Slim

How much would you charge to sell your system?

Hi MaxDoom, You are right, which is why I am canvassing opinion, as I thought the same thing. So, not only is it almost impossible for the retail trader to develop a purely mechanical system, it is almost impossible to sell it profitably! All those ...

How much would you charge to sell your system?

Hi DeeZG, I just thought the same thing haha but seriously, I could only really start this at the moment with £100 lol Thanks Slim

How much would you charge to sell your system?

Hi Hugh, I do intend to trade this method, but as always with every new idea- it needs capital to start with Thanks Slim

How much would you charge to sell your system?