Cable Update (GBPUSD)
Short normal lot at 3090, SL 3150 initially (will adjust depending on PA).
{quote} there are only about top 16 liquid provider. As of now 33% of the liquidity is being provided by just ONE LP for cable. Forex is unregulated market, which means the leader of LP can buy as much as they want without impacting the price, and then increase the price as they are the majority in providing liquidity. When the price is moving, its the followers or second,third LP that are selling based on the bid/ask prices provided by the main LP. So candle business doesnt work anymore in my opinion, as there is too much noise in the markets and...
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I'm sorry I don't think this is controlled by a select few at all , this market is too big , name another more traded market.Also mention transactions of need business and domestic... Anyone who hits the real market has an effect You can see 3 crows on w1 ,only I doubt you've ever looked at w1 . then you see what next which cannot be argued.Next youre see if price reaches that space the reaction ,big money shorted there and are going to defend thier position , So ill have to come back to this post later... if you're still around
(just kidding).{quote} what you "think" doesnt matter or what i "think". You say you left canary wharf, then you should know that on the bloomberg terminal you have P-View which shows you the market leaders for each currency? Have you ever seen that screen? What do you think that screen means? Why is forex unregulated? Any ideas? clearly you left canary wharf too early
I have never worked a canary ,its a joke cause so many say they have I just showed you one that I posted in real time at the time I could go back but lets think forward we come back to what ive said maybe much later I have seen candles read that would knock youre socks off real time ,its all the same you don't need market depth or any of that funky stuff volume is in the candle ,nice and clean pa is a major bullish problem w1, you dont see it every week and there is the a problem to get rich quick We will look forward from here it's better {quote}...
. show me a failed set up,for my worked one above
Well it depends what tf youre on as to how may signals you take and the market generally as to its phase somtimes are better than others ,but often you need patience 3 crows is 3 candle =very high probability but im also going further im telling you today within that pattern or at that pattern start there are large shorters who are not finished Im saying to you bring me one of youre ten failures of a weekly pattern against my one which worked out ,post the chart {quote}
Im saying to you bring me one of youre ten failures of a weekly pattern against my one which worked out ,post the chart
when see the light, just go to it, ... just sold 3078, ... can't be the train
