DislikedLimited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.Ignored
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DislikedLimited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.Ignored
Disliked{quote} What you've just seen is not a spike. A spike could occur in the last periods of a session and it is generally a test, in one particular direction, that could be verified only at the open of the next similar session. Let's say at the end of the US session you see a spike upside.Ignored
DislikedThen the US session ends and we could not know if this test is accepted by US participants until next US session will open. At that moment in time you could see the reaction of the market to the new price location.Ignored
DislikedAlso at that moment in time US participants will know how other previous market participants reacted to their previous test. In our example, we saw a test upside, then if at next US session open price will be above spike base, US participants will understand that their test has yet to be tested upside as other markets participants accepted at least in part their final efforts upside.Ignored
DislikedIf instead at next US open we will see price below the spike base, then US participants will know that other market participants (in this case overnight participants) rejected their last test upside. As a consequence of this we could apply spike rules at session open in case of a spike made during the previous session:Ignored
Dislikedif price will open above spike base, odds are in favor to a new attempt upside and maybe even continuation. If price will be below spike, odds will be in favor of continuation downside, at least initially, as prices upwards have been, for now, rejected. Obviously if the spike is downside the reaction could intended exactly at the opposite.Ignored
Disliked{quote} Just think what do - do hedge funds and investment banks and the top forex traders have in common They all use fundamentals. And it's about understanding sentiment On GDP http://www.express.co.uk/finance/cit...mmets-GDP-down Getting back to your question it's late here and I will put something down this week.Ignored
Dislikedwhere the hell is the resistance in this thing, that's what I want to know...Ignored
Dislikedwhere the hell is the resistance in this thing, that's what I want to know...Ignored
Disliked{quote} damn it... I had something at 44, but I passed, looking higher, what else you gots kid?Ignored
Disliked{quote} A lot bloody higher Why trade of a potential resistance and not off the actual supports is beyond me.Ignored
Dislikedif you want sentiment... BOE have to act in a positive £ way there's no other option on the table and Conservatives would be mad as hatters to think change is good right now {image}Ignored
Disliked{quote} Bones your chart is like an index indicator, combining all the pairs/7Ignored