Dislikedwow how wrong was i about the pound falling really believed it would go down....Ignored
Only kidding mate. Hope you didn't lose too much on it.
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Dislikedwow how wrong was i about the pound falling really believed it would go down....Ignored
DislikedHey bud, check out the difference in our volume, my UH vol bar is not in the same place as your's (selling climax). This is an FXCM demo feed, would it be different if my live account was with them?Ignored
DislikedHi Comapip,
This is a very common phenomenon in the reversal areas. If you check out your charts at the reversals, you will find on many of them, that the first bar in our direction is on low volume. It is simply SM making sure that the weak holders have gone, and they wait a bit longer than they need to. It is covered in MTM somewhere. If I can find it I'll post you the page.
If the background has been read correctly, this low volume bar will be a polar bear in Hawaii.Ignored
DislikedPut in another way as well.. The low volume up bar after strength appears in background plus after all the test/NS simply means that most of the floating supply has been accumulated and there's no more floating stock at those prices.Ignored
Dislikedwas there something in particular that kick started this or just accumulation for the last couple weeks?Ignored
Dislikedwow how wrong was i about the pound falling really believed it would go down....Ignored
DislikedI don't think you were wrong in any of your writings ... UK data and fundamentals are still terrible, except the spotlight isn't on them for now. Their turn hasn't come yet as far as I'm concerned ... Dubai, Greece/EU had their turn, now it's the US's turn.
And the move we just saw is 90%+ based on a $USDX selloff. So, I'm not calling it sterling strength yet, since it's at the expense of something else. We'll have chunks of GBP data out over the next few sessions - let's see what that brings, but at this time I'm still leaning to bearishness/1.52/1.50x...Ignored
DislikedIf gu breaks above 1.5470-85 area then its a buy possibly to 1.59
clearer on H4
already in
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