Probably smart. I got stopped out.

Cable Update (GBPUSD)

Looks like it wants to continue the waterfall. About to take out my stop.

Cable Update (GBPUSD)

It keeps pretending like it's going to go one way or another, but then it just laughs and turns around and says, "Gotcha!"

Cable Update (GBPUSD)

This is what I'm looking at on the daily. image If this uptrend holds, I plan to make a lot of money. Otherwise, I plan to lose about 5% of my account getting stopped out.

GBP/USD and EUR/USD

It's probably a safe bet that Cable will go down now, considering so many traders have become bulls. On this site, it's 55% to 45%. Highest I've seen the bulls in quite some time.

Cable Update (GBPUSD)

I'm a buyer at these levels.

Cable Update (GBPUSD)

Perhaps. If price does "shoot up" due to news, it will go up to the top red line, then return to it's downward movement. And it will consolidate between the lines until it breaks out one way or the other. I'm not sure we are done with the up move ...

Cable Update (GBPUSD)

We are too close right now to the middle. This is what I'm looking at. image This is the 4 hour chart, and it looks like we have more downside. Until about 1.6370 or so.

Cable Update (GBPUSD)

Hard to tell. Seems like something odd is happening, at least on other GBP pairs, but I don't see any news or reason for it. Maybe people using the same brokers? Whatever is happening, it's got the GBP pairs spooked.

Cable Update (GBPUSD)

Looks like we are breaking down.

Cable Update (GBPUSD)

I almost took the gamble and bought when we were down. The pound seems to have some resilience.

Cable Update (GBPUSD)

A few more minutes Jimmy?

Cable Update (GBPUSD)

Whatever you do, don't submit a market order right now, this thing is jumping 10 pips at a time.

Cable Update (GBPUSD)

Thanks to a helpful member in another thread, I have found the system I was looking for. url The system is called the Simple 5/8 Moving Average Crossover.

What system is this?

You're right JimmyC, Google is my friend! url

Cable Update (GBPUSD)

You mean something like this? image It must be the EMA Crossover thing. I'll search this website for something called, "EMA Crossover"

Cable Update (GBPUSD)

Have you ever heard of Equivocation? Here is an example, "My son and I went fishing along the bank and while there we deposited a check." You see, bank is the same word with two different meanings. Here, you are claiming that I am looking for the ...

What system is this?

I see. So the answer to my question, which system is this, is, you don't know. I have a feeling there are lot's of people who don't know. I hope not all of them come here to mock and poke fun.

What system is this?

Yes, the buy and sell signals the system is putting on my chart. The MACD system, which I'm well aware of, is not this system. The signals for the MACD turn the bars at the bottom blue or red, they do not paint arrows on the chart, nor do they even ...

Cable Update (GBPUSD)

Can you link to the EMA cross over thread that talks about this system? I'm not finding it.

What system is this?