Disliked{quote} It is not an indicator. I do the computation on MS Excel Here's a screen shot for cable today {image}Ignored
Twitter: Rummer_grapes
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Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
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Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
Disliked{quote} It is not an indicator. I do the computation on MS Excel Here's a screen shot for cable today {image}Ignored
Disliked{quote} I dont normally scalp M1/M5 but the thing just happened now, made 30 pips on M1 (maybe a lot of luck on my side) but please dont listen to me im just a learner. regardsIgnored
Disliked{quote} Question...how do you use volume as is decentralized market? probably you see the volume through your broker....Ignored
Disliked{quote} I use volume from my broker. I guess I should mention that I am very aware that there is no centralized exchange for FOREX. Regardless of this fact, the volume from the Broker is sufficient. The challenge is that most people do not know what to do with the volume data from the Broker because it is not presented in a "readily use-able form" The volume given by the Broker has both the quantity (volume) for buyers and sellers. In actual fact, most of the transactions "cancel themselves out" There will then be a net volume either in the buy/sell...Ignored
Disliked{quote} Right...but we dont see the full volume and we dont have the whole picture of that as there are are lot of transaction missed placed through banks and other participants.....is like depth of market... useless if you can see the orders placed only through your broker....but the most important is that works for u....Ignored
Disliked{quote} The trader doesn't need to know the "full" volume. In fluid mechanics, just a segment of the flow is analyzed and with the findings, generalization is made concerning other parts of the pipe or tube. It is very much same with FOREX.Ignored
Disliked{quote} Bones, I don't have preferences in choosing the zone or level as my potential reversal point, I just try to follow the chart...but first let's put the ground rules in place; 1) Which swing do we analyze? 2) What TF we use for our setups? Using a daily or 4H chart it's perfectly fine to sell at point (c), we have minimum conditions met (50% ret, timing (16 days down and 13 days up) and pattern (abc)) also it's nothing wrong to wait for so-called big correction @61.8% Fibonacci level but the trade might be missed... What is the objective?-...Ignored