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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

suneth2 Apr 29, 2016 7:34am | Post# 430041

Anyone use market depth as a strategy, i found this site https://www.fxbluelabs.com/depth-of-market , but they don't have info about how to trade with that info, if anyone know strategy please share some info
P.S I'm not promoting that site

arasheed Apr 29, 2016 7:36am | Post# 430042

anyone else wanna say something, or are you all becoming the next George Soros and too busy
Watch for at least 1.4660

HaLBot Apr 29, 2016 7:38am | Post# 430043

{quote} Watch for at least 1.4660
Yep that's what happened a couple of hours ago, and me thinking dollar weakness was going to follow into euro session almost had a bad trading day, got out buy the skin of my teeth

PatienceFx Apr 29, 2016 7:43am | Post# 430044

Anyone use market depth as a strategy, i found this site https://www.fxbluelabs.com/depth-of-market , but they don't have info about how to trade with that info, if anyone know strategy please share some info P.S I'm not promoting that site
forget market depth, HFT or high frequency trading computers can and most of the time create fake orders then withdraw

i suggest following option expiries and order boards of banks

lampard Apr 29, 2016 7:47am | Post# 430045

I know now why GBPUSD become Bullish.. actual > forecast and actual > previous.. please be careful Bearish trader.. main trend is Uptrend.. supporting for economical data.. GBPUSD will be maintain with Bullish for Long Position and long term.. no sign will be turn down yet...

el_duende Apr 29, 2016 7:58am | Post# 430046

{quote} forget market depth, HFT or high frequency trading computers can and most of the time create fake orders then withdraw i suggest following option expiries and order boards of banks

These fake orders then withdrawing them once you have manipulated price are actually illegal.


There was a recent case of a British guy doing this who is wanted by the US to face charges.


http://www.theguardian.com/uk-news/2...ts-flash-crash

Don96 Apr 29, 2016 7:59am | Post# 430047

Someone is missing today... I wonder why

Don96 Apr 29, 2016 8:00am | Post# 430048

{quote} These fake orders then withdrawing them once you have manipulated price are actually illegal. There was a recent case of a British guy doing this who is wanted by the US to face charges.
​wasn't he like 40 and created massive orders and caused billions to be wiped of the stock markets... all from his mom and dads 400k house... he apparently made something like 20m Lmao

HaLBot Apr 29, 2016 8:01am | Post# 430049

http://www.telegraph.co.uk/finance/f...h-in-2010.html

el_duende Apr 29, 2016 8:05am | Post# 430050

{quote} ​wasn't he like 40 and created massive orders and caused billions to be wiped of the stock markets... all from his mom and dads 400k house... he apparently made something like 20m Lmao
Yes he made a fortune. Ive always wondered where the hell did he get the capital to place these mega orders!

HaLBot Apr 29, 2016 8:07am | Post# 430051

{quote} Yes he made a fortune. Ive always wondered where the hell did he get the capital to place these mega orders!
most likely had backers we don't hear about, showed them the program and got the money

arasheed Apr 29, 2016 8:12am | Post# 430052

Someone is missing today... I wonder why
Mr Bones??

Don96 Apr 29, 2016 8:17am | Post# 430053

{quote} Mr Bones??
​no lmao - he is very good at what he does, and everyone can take something good from him - imo

Don96 Apr 29, 2016 8:18am | Post# 430054

{quote} Yes he made a fortune. Ive always wondered where the hell did he get the capital to place these mega orders!
​I'm sure I read that they were fake orders, profit taking of everyone/everything took place when they saw the volume and he just sold with over leverage and scaled in... that's my take

arasheed Apr 29, 2016 8:20am | Post# 430055

{quote} ​no lmao - he is very good at what he does, and everyone can take something good from him - imo
It is Puzzle
DR WHO

Don96 Apr 29, 2016 8:23am | Post# 430056

{quote} It is Puzzle DR WHO
its not hard to work out

Don96 Apr 29, 2016 8:25am | Post# 430057

meanwhile I'm long EJ hoping EU can push above 1.141 convincingly - GU has been - the one obvious trade was short at 1.466x with best RR​

HaLBot Apr 29, 2016 9:08am | Post# 430058

meanwhile I'm long EJ hoping EU can push above 1.141 convincingly - GU has been - the one obvious trade was short at 1.466x with best RR​
hey Don, whats your target ?

Don96 Apr 29, 2016 9:16am | Post# 430059

{quote} hey Don, whats your target ?
128

redbaron1981 Apr 29, 2016 9:42am | Post# 430060

{quote} 128
How long have you been trading for Don? Are you retail or pro?


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