D1
Cable Update (GBPUSD)
Here are two GBPUSD charts. I will use them to provide an example of real market nature. If you will know the genuine cruelty of market character, it will be easier for you to create trading ideas. You will understand price movements more properly when your first question will be - who loses money on this bar?
Well, here are 2 charts:
The first one contains the order-book from the moment of 00:00 of 24/Jan/2020.
Note:
1] Buyers were in profits. The proportion had extremely sized. This is typical for market tops (stage of distribution). Why? Because these profits often turned into losses. Because the crowd often buy market tops.
But before slide down, the cruel market wants to make as many fools as possible. That is why sellers [2] should be knocked out from their positions. How? Look here [3]. Got an idea?
Switch to chart 2. It contains the order-book from the moment of 24:00 of 24/Jan/2020.
Study this [1] move. Wide tail up, closing on lows. Who loses money on this bar?
Note:
[2] No more BUY-STOPs (stop-losses of sellers were triggered).
Position Book Confirms:
[3] - Not many sellers in good positions.
[4] - A lot of buyers Trapped. You will see how these bars will decrease in future amid price decline.
IMO. Market is prepared for Down move. Not financial advice ))
Well, here are 2 charts:
The first one contains the order-book from the moment of 00:00 of 24/Jan/2020.
Note:
1] Buyers were in profits. The proportion had extremely sized. This is typical for market tops (stage of distribution). Why? Because these profits often turned into losses. Because the crowd often buy market tops.
But before slide down, the cruel market wants to make as many fools as possible. That is why sellers [2] should be knocked out from their positions. How? Look here [3]. Got an idea?
Switch to chart 2. It contains the order-book from the moment of 24:00 of 24/Jan/2020.
Study this [1] move. Wide tail up, closing on lows. Who loses money on this bar?
Note:
[2] No more BUY-STOPs (stop-losses of sellers were triggered).
Position Book Confirms:
[3] - Not many sellers in good positions.
[4] - A lot of buyers Trapped. You will see how these bars will decrease in future amid price decline.
IMO. Market is prepared for Down move. Not financial advice ))
Oleg Alexandrov, market analyst. Find me in Google
- #509,783
- Jan 25, 2020 9:06am Jan 25, 2020 9:06am
- Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #509,786
- Jan 25, 2020 12:02pm Jan 25, 2020 12:02pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #509,787
- Jan 25, 2020 12:11pm Jan 25, 2020 12:11pm
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Me thinks h4 was a correction. Gap up on Monday Or not.
GBPUSD interactive H4
Risk Management is of utmost importance!
- #509,790
- Jan 25, 2020 1:11pm Jan 25, 2020 1:11pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} Wasn't the rally a bit too strong to have a gap occur on Monday?
{quote} let see knkie, i feel gap down but lets see market flow
hey RCt & Corong
you both could be right, i dont really do predictions ...
I was just looking at the Week chart which is up in my opinion.
And the Day chart has made LL - LH - HL- HH
so H4 could be a springbord for a new HL on Day.
The gap remark was kind of teasing because everyone is talking about gaps.
The main thing will be : where does Asia go for safe haven. Is it the USD, the GBP or Gold ?
That will probably determine the action monday.
i could really be wrong haha
in wondering about yourself, you forgot what you came here to be part of
- #509,791
- Jan 25, 2020 1:24pm Jan 25, 2020 1:24pm
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
{quote} {quote} The main thing will be : where does Asia go for safe haven. Is it the USD, the GBP or Gold ?
. 
Risk Management is of utmost importance!
- #509,792
- Jan 25, 2020 1:32pm Jan 25, 2020 1:32pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} I presume it is gold. Let me call Beijing
I wonder if Corona Beer stock will dive on monday
in wondering about yourself, you forgot what you came here to be part of
- #509,793
- Edited 4:54pm Jan 25, 2020 2:24pm | Edited 4:54pm
- Joined Sep 2019 | Status: Trader | 1,979 Posts
{quote} I wonder if Corona Beer stock will dive on monday
...
- #509,794
- Jan 25, 2020 8:08pm Jan 25, 2020 8:08pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} I presume it is gold. Let me call Beijing
i ask iran to shoot some rockets again
just for a cup of coffee...
- #509,797
- Jan 25, 2020 11:52pm Jan 25, 2020 11:52pm
- Joined Aug 2018 | Status: Research Analyst | 4,292 Posts
Data + Stat + Risk/Emotions Management
- #509,799
- Jan 26, 2020 3:08am Jan 26, 2020 3:08am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
{quote} I wonder if Corona Beer stock will dive on monday
