Took my profit at 1.3171. Trade safe and have a good weekend traders.
Attached Image (click to enlarge)
2
Cable Update (GBPUSD)
- #475,423
- Mar 1, 2019 3:26pm Mar 1, 2019 3:26pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #475,424
- Mar 1, 2019 3:34pm Mar 1, 2019 3:34pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #475,426
- Mar 2, 2019 6:06am Mar 2, 2019 6:06am
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...
IT traders are directionally biased. They try to take the market in one direction and will try to manipulate the market to gain enough volume on their books without spooking the MM.
The MM is not directionally biased. They do not care if the market goes up or down. They care about getting volume on their books and making small 1,2,3 tick profits. MMs are the spread and take the otherside of the trade, therefore in an up trending market the MMs will be heavily short the market and in a down trending market they will be heavy long. In these situation the MM will be interested in rotating the market back into value so they can balance their books.
The MMs will therefore take the market in the direction where they think the most business will be conducted ie previous high volume areas. This is why markets rotate away from exhaustion back to previous areas of absorption.
When the MMs love it when two way money is being dealt in an area (ie balance areas). They can provide both sides of the book and rotate price back and forth and make a fortune. However when they detect that ITs are coming in heavily on one side of the book they will then pull their liquidity from that side of the order book and this is when you get fast moving bars away from balance areas. They pull their liquidity as they do not want to be on the other side of the trade that is about to break out and will only provide the minimum amount of liquidity they are contracted to provide.
Price will accelerate in that direction and will only start to slow down once the market maker starts to detect that sellers are interested in shorting the market and they will start to supply liquidity again and you will see the bar lengths start to shorten as the absorption starts.
Boxing clever since 76.
- #475,428
- Mar 2, 2019 9:22am Mar 2, 2019 9:22am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #475,433
- Mar 2, 2019 5:14pm Mar 2, 2019 5:14pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} Yes, one condition. You will post 100 time. "I will not be a big mouth any more. Apoligies"<img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1" /><img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1" /><img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1"...
Just saw this 😀😀👍
Well if the liars if the world start cancelling Brexit altogether, that changes the game.
So 1.36 1.40 becoming possible, but that's cheating
Beware of robber banks (RB), bad advisors.
- #475,434
- Mar 2, 2019 6:00pm Mar 2, 2019 6:00pm
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
Data + Stat + Risk/Emotions Management
- #475,436
- Mar 3, 2019 2:06am Mar 3, 2019 2:06am
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
weekly chart 
- #475,437
- Edited 5:10am Mar 3, 2019 4:35am | Edited 5:10am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #475,440
- Mar 3, 2019 3:21pm Mar 3, 2019 3:21pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} Seems the pair is opening near 3260+-!!!!!
yes yes yes