DislikedNote also that current pit session (opened with a gap down) is tagging the old pit poor low from 08.16): extraordinary weak here.Ignored
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D.P.
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DislikedNote also that current pit session (opened with a gap down) is tagging the old pit poor low from 08.16): extraordinary weak here.Ignored
DislikedNote also that current pit session (opened with a gap down) is tagging the old pit poor low from 08.16): extraordinary weak here.Ignored
DislikedI'm sorry for my absence today. I was forced out for business reasons.Ignored
Disliked{quote} Lock, would like to ask - you are saying "poor" - does not it mean it has not been tested? Best D.P.Ignored
Disliked{quote} Good question. It has been tested by a different (weaker ) session. So it was still poor at the moment of the current pit session open. We have to remember that those who act during GB session (before 15:30 +1 GMT) act without the partecipation of the US traders. It's ambiguos, I have to admit it, because sometime I wrote about pit anomalies corrected by other sessions. It was better to say: partially corrected also in those cases.Ignored
Disliked{quote} Does it mean if the low becomes "Strong, not poor" as soon as it has been tested by the Strong money after IB NY has been formed (+1hour)? Best D.P.Ignored
DislikedNow, 2965 is a major composite POC and we have inventories very short after the GB session. We are also in between two gaps as written, so a balance here is not impossible before to retrace some or continue lower. For now, pit session tested below overnight low and came back inside its range. Current pit low is weak as it is a tag of a round number (2950)Ignored
Disliked{quote} Current pit session low is now weak but not poor. Poor is a technical word: it means that we have 2 period lows with the same low price or with only 1 pip of difference. Weak means that the low is tagging a precise reference and considering that a precise ref is used by weak hands traders an auction started or ended in such a level is weak for definition. For instance current pit period A high is exactly at preUS hb: it is weak. "A" pre US period tagged exactly H and J GB period highs, it is a cluster of m30 periods and it is a weak level....Ignored
Disliked{quote} Look at the bar spread (high-low) and its volume. You can see that spread is rising, but the volume is decreasing. These are manipulation movements. Look at the zones in red - the prices are at the white dotted lines areas. These are more than 2 standart deviations. For the sideways market these area should be maximal value. Let us see. Best D.P. {quote} got it thanks {image}Ignored
Disliked{quote} This is interesting: I use a different calculation for that. I consider the volume average of the last 30 days (for instance) for a particular m30 period (let's say: 9:30 to 10:00), then I note the volume for the same current period. Let's say I have an average of 2835 for that period and a volume of 2561 for the current period. Now it is a difference of 9.7 %. After that I consider the spread between the high and the low of the period (average of the last 30 days and current one) and I make the same calculation as for volumes. Let's say...Ignored
Disliked{quote} Lock, it is interesting as well, I have got the idea. For now look at the upper right corner of the picture and you can see the sessions' IB data - that is for the same purpuses. However your data is more careful. Can you share this indicator? is it for free or you bought it? I have some questions to discuss, but a little bit later. Best D.P.Ignored
DislikedNow, 2965 is a major composite POC and we have inventories very short after the GB session. We are also in between two gaps as written, so a balance here is not impossible before to retrace some or continue lower. For now, pit session tested below overnight low and came back inside its range. Current pit low is weak as it is a tag of a round number (2950)Ignored
DislikedHi Lock, do you think it will continue to fall today or has it exhausted the sellers?Ignored
DislikedHi Lock, do you think it will continue to fall today or has it exhausted the sellers?Ignored
Disliked{quote} I don't know. Also I didn't follow this move downside during its developing so I miss some parameters like "tempo", conviction and so on... First I can see that current pit session has a very narrow range and it should unfold from here. Secondly I can underline the fact that current auction has a poor low and that the poor low from the 15 of August is still there. Third I note that we have a big gap down and it is rare that a so big gap is retraced the same day it has been built. Having said that I cannot forget that all this correction...Ignored
DislikedNow the m30 cluster at 2977 is at risk considering also the current pit poor high.Ignored
Disliked{quote} taken out. Now it could fail here and come back inside the little Us pit range or accelerate upside (against the gap down!)Ignored