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Cable Update (GBPUSD)

  • #475,401
  • Mar 1, 2019 8:42am Mar 1, 2019 8:42am
Quoting copi88
GBP is very cheap this morning on my value models. Long 1.3245 (futures) . That would be 1.3233 on spot. This price was in the buying / take profit target from yesterdays move. Also the Market Makers in the option markets have prices the lowest price for the weekly contract in at 1.3223 and there is a large vol of Put options in at 1.3250 (futures prices). Gamma scalpers will defend that level Target will be the upper green box is value stays bid. {image} {image}
Taken a bit more time that I expected. I had to buy in three times. Still have the same target
Boxing clever since 76.
  • #475,402
  • Mar 1, 2019 8:43am Mar 1, 2019 8:43am
Quoting Moty
{quote} My thought exactly {image}
Here is the result.
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  • #475,403
  • Mar 1, 2019 8:56am Mar 1, 2019 8:56am
Pushing the price up accumulating, taking sell orders, 10am news, this is going down hard.
  • #475,404
  • Mar 1, 2019 8:57am Mar 1, 2019 8:57am
Quoting Techanalyst
Pushing the price up accumulating. 10am news, this is going down hard.
AGREE
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yes yes yes
  • #475,405
  • Mar 1, 2019 9:08am Mar 1, 2019 9:08am
Quoting Techanalyst
Pushing the price up accumulating, taking sell orders, 10am news, this is going down hard.
i doubt it, the bull train is unstoppable

1.332 could be the next target easily

1.335 would be nice
Don't Worry Be Happy
  • #475,406
  • Mar 1, 2019 9:09am Mar 1, 2019 9:09am
Even though USD ISM numbers actual is below than the forecast, it is above 50 which is now 54.2. As long as it is 50 and above it indicates industry expansion. So positive for US dollar and negative for the pairs against the dollar.
  • #475,407
  • Mar 1, 2019 9:27am Mar 1, 2019 9:27am
Quoting Techanalyst
Even though USD ISM numbers actual is below than the forecast, it is above 50 which is now 54.2. As long as it is 50 and above it indicates industry expansion. So positive for US dollar and negative for the pairs against the dollar.
The problem is that no one exactly knows what is driving the market to buy or sell. The US data can be good but the market can sell the fact.
Don't Worry Be Happy
  • #475,408
  • Mar 1, 2019 10:02am Mar 1, 2019 10:02am
Quoting MrPresident
{quote} The problem is that no one exactly knows what is driving the market to buy or sell. The US data can be good but the market can sell the fact.
I agree. in this case, the pairs against US dollar are going down, losing bullish power. It was accumulation of the price, market makers took the orders and now sell time. Not saying that it will drop 50 pips today, but you can tell the bulls power is finished. Possibly Mon or Tue it's going down.
  • #475,409
  • Edited 10:37am Mar 1, 2019 10:07am | Edited 10:37am
usdx situation , still not correct or bull any , just trying , yeah may further tank but not any great . at least holding for some time .
https://www.forexfactory.com/showthr...5#post12066155

so targeting tl at 1.3163
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #475,410
  • Mar 1, 2019 10:13am Mar 1, 2019 10:13am
Quoting Techanalyst
{quote} I agree. in this case, the pairs against US dollar are going down, losing bullish power. It was accumulation of the price, market makers took the orders and now sell time. Not saying that it will drop 50 pips today, but you can tell the bulls power is finished. Possibly Mon or Tue it's going down.
it has actually dropped the 50 pips. Just like it can run up 50 pips again
  • #475,411
  • Mar 1, 2019 10:21am Mar 1, 2019 10:21am
Quoting abasiakara
{quote} it has actually dropped the 50 pips. Just like it can run up 50 pips again
Currently it has dropped 65 pips. I was commenting before it did not drop before that, but now yes it is dropping. It will not run up 50 pips. Bulls power is over, pairs against US dollar are going bearish.
  • #475,412
  • Mar 1, 2019 10:22am Mar 1, 2019 10:22am
done as i told 1.3215 reached! next will range side-way again for non farm
  • #475,413
  • Mar 1, 2019 10:34am Mar 1, 2019 10:34am
Quoting Techanalyst
{quote} Currently it has dropped 65 pips. I was commenting before it did not drop before that, but now yes it is dropping. It will not run up 50 pips. Bulls power is over, pairs against US dollar are going bearish.
Good analysis i agree with you
  • #475,414
  • Mar 1, 2019 10:34am Mar 1, 2019 10:34am
Quoting nart78
FXCyborg, oscillators aren't among my tools for decisions too, but I know many of "big boys" who like them very much. That's why the price loves the osc-s
I personally would not call them big boys if they are still using stabilizers
It shows their inability to not really read price correctly.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #475,415
  • Mar 1, 2019 10:37am Mar 1, 2019 10:37am
Quoting MrPresident
{quote} The problem is that no one exactly knows what is driving the market to buy or sell. The US data can be good but the market can sell the fact.
All priced in man, Fundamentals are just a way to hide the acts from MM'ers and alike. Fundamentals is like a commercial before the movie, its a distraction.

Real price readers can be on the right side, all the time, just like how I'm showing you guys in my 2 threads
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #475,416
  • Mar 1, 2019 10:59am Mar 1, 2019 10:59am
Easy money
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yes yes yes
  • #475,417
  • Mar 1, 2019 11:15am Mar 1, 2019 11:15am
Watch the positions held. When the majority are selling, most of the time it is buy. When the majority is buying, most of the time is selling. Sometimes the MM will let the price go higher if the majority are buying for example. It will make the traders think that is something that they are doing right. But the next day when everyone is holding buy, MM accumulate the price fill in the orders and it goes down, clearing out all the buyers and knocking out stop losses. Same goes with sellers if it is vice versa.

When you see a move like that on the chart, you may want to jump in sell move, because most likely MM are jumping in there to take sell positions and knock out the buyers. You see that big green candle in the middle, that is a fakey one to trap buyers and than the price goes down again. It is easier said than done but if you pay attention and practice you will get it most of the time. Of course remember to always have risk management.
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  • #475,418
  • Mar 1, 2019 1:29pm Mar 1, 2019 1:29pm
Interesting bearish PA off ascending triple touch daily TL
Come with me if you want to live....
  • #475,419
  • Mar 1, 2019 2:14pm Mar 1, 2019 2:14pm
D1+H1
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yes yes yes
  • #475,420
  • Mar 1, 2019 2:21pm Mar 1, 2019 2:21pm
Quoting elbert3
Like to see 3230 if if it breaks then back to my breakout number 3177 but need to clear this 4 hour wick thou
Full of flu and not been enjoyable
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