Cable Update (GBPUSD)

Quoting Nordling

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{quote} Fair enough. I am not expecting you to be 100% accurate, no one has that accuracy, even the best famous traders. I am just expecting a little bit rest, it's not cute when you mention my way of trading all the time man.

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Quoting DrDave

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{quote} That 24-hr market comprises discrete price values, not continuous. So it is possible that the price that prints as the open of a bar after the price that prints for the close of the preceding bar is different, hence, a gap.

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Quoting DrDave

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{quote} That 24-hr market comprises discrete price values, not continuous. So it is possible that the price that prints as the open of a bar after the price that prints for the close of the preceding bar is different, hence, a gap.

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Quoting Bones

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{quote} Ok, let's think about this, you say that some news moves happen well after it's published, and you went long on Tuesday's US CPI data, yet it then rallied 76 pips, then you added to a losing position 2 days later because of an H1 moving average. On Thursday it worked out after rallying first, which is the chart you're claiming as right, which you're not updating and repeatedly posting.

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Quoting Nordling

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{quote} I went short after the US CPI data. I did not went long. I shorted GU and EU. Inflationary report = short deflationary report = long

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Quoting Bones

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{quote} typo, that's right, then it rallied nearly 80 pips

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Quoting Nordling

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{quote} 58 pips from my lowest entry 1.2764

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Quoting Bones

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{quote} It's continuous, with no weekday close, and a buyer for every seller, only in a black swan would I believe any weekday gap. That gap is a platform/feed gap. How we could know later is I doubt it will be respected much, any more than a random Zebi line.

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Quoting Bones

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{quote} It's continuous, with no weekday close, and a buyer for every seller, only in a black swan would I believe any weekday gap. That gap is a platform/feed gap. How we could know later is I doubt it will be respected much, any more than a random Zebi line.

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Quoting DrDave

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{quote} I am speaking of BAR close/open of any intra-day TF: There is no guarantee that the price printed for the bar close will be matched by the price of the subsequent bar open. Also, the fact that Forex does not have a centralized clearing house and brokers can and do have a variety of data feeds means that the data feeds and bar open/close prices can (and do) vary from broker-to-broker. In addition, as you mentioned, plaftorm related issues, such as Internect connection, hardware issues, and software issues, can produce a pesky gap on a single...

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Quoting DrDave

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{quote} It's continuous, with no weekday close That does not mean that PRICE is continuous. Indeed, price is not continuous: it occurs in steps. The amount of time that elapses between steps is not a constant. For a plot of a continuous function, there is always always a value bewteen any 2 consecutive values that you choose. For price plots (tick data), there is not always a value between any 2 consecutive prices that you choose.

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Quoting Bones

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{quote} what about the UK which also has a massive inflation issue

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Quoting Bones

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what about the risk of an outright fundamental trade when it doesn't react at the time of the event the way you think? {image}

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Quoting Nordling

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{quote} News events rarely give the right reaction in the first sessions. But that's a good way to build up shorts/longs from a discounted price. That's why a fundamental + postion trader should always open their positions small so they can add more later

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Quoting Bones

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{quote} no gap {image} {image}

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Quoting Bones

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{quote} how can you trust a gap that isn't on everyone's chart, only rubbish free Mt4

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Quoting Ferna

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*Blushes Getting my tattoo soon ’big’ boy?

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Quoting Bones

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{quote} Well if you're a bank with unlimited margins and resources that might work, in the real retail world you can't allow bad entries and hope nothing else comes along.

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