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Cable Update (GBPUSD)

  • #515,301
  • Apr 3, 2020 3:19am Apr 3, 2020 3:19am
Quoting elbert3
{image} keep to ones own rules
When I watch the price move like this, along a trend line, I can see in my mind's eye a trader market maker on the phone to a client offering bids and asks and as each minute passes, his price changes accordingly. Until the line breaks and then all hell lets loose. (or not, in this case - LOL!)
Gone to a better place
  • #515,302
  • Apr 3, 2020 3:21am Apr 3, 2020 3:21am
Quoting pipfarm
{quote} thank's for the advice, an i ope u ave a gud dae
That's funny
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #515,303
  • Apr 3, 2020 3:27am Apr 3, 2020 3:27am
come on guys its Friday, lets trade well and safe, NFP soon
  • #515,304
  • Apr 3, 2020 3:28am Apr 3, 2020 3:28am
hello, what do you think about today's NFP news?
  • #515,305
  • Apr 3, 2020 3:29am Apr 3, 2020 3:29am
Quoting smikester
{quote} When I watch the price move like this, along a trend line, I can see in my mind's eye a trader market maker on the phone to a client offering bids and asks and as each minute passes, his price changes accordingly. Until the line breaks and then all hell lets loose.
Maybe you should wake up from sleepy land. Being as forex is decentralized, algo based, market makers are nothing more than a forex fallacy. Take the lowest traded range day and you will notice that the market doesn't have to increase more than 5 pips for an entire 24 hour trading period with the same amount of "volume" that caused those massive spikes we see. In other words, if the volume is fake and can be faked, then that would mean forex isn't based on the same fundemental principal as stocks which is "Supply and demand". Let's not even talk about the SHO list in stocks, which allows brokers to print shares and trade them without ever getting it from the transfer agent.
Threesome Daddy
  • #515,306
  • Apr 3, 2020 3:32am Apr 3, 2020 3:32am
Quoting Mattiabarso
hello, what do you think about today's NFP news?
like pip farm said looking like a downward trend for today, im hoping news will push it further, just my thought, ive placed a couple shorts around the 480 mark this morning and closed at 260
  • #515,307
  • Apr 3, 2020 3:34am Apr 3, 2020 3:34am
what is impact on GU for coming news of NFP
  • #515,308
  • Apr 3, 2020 3:35am Apr 3, 2020 3:35am
https://www.fxstreet.com/news/uk-fin...s-202004030831
  • #515,309
  • Apr 3, 2020 3:38am Apr 3, 2020 3:38am
Attached Image (click to enlarge)
Click to Enlarge Name: AD9C98FF-9144-4FE1-8BFD-35B3F1AC371C.png Size: 309 KB
just become messy .
  • #515,310
  • Apr 3, 2020 3:39am Apr 3, 2020 3:39am
Quoting joesherwood
{quote} like pip farm said looking like a downward trend for today, im hoping news will push it further, just my thought, ive placed a couple shorts around the 480 mark this morning and closed at 260
so you mean GU will go down more ?
  • #515,311
  • Apr 3, 2020 3:41am Apr 3, 2020 3:41am
Quoting elbert3
{image} just become messy .
Looks like down stariways..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #515,312
  • Apr 3, 2020 3:42am Apr 3, 2020 3:42am
Target for short @ or around the 1.2000 level

that is assuming the 2242 level breaks to confirm the hourly trend reversal, daily minor continuation otherwise the 2242 level is the target for now
Follow The Markets Structure - Patience and Discipline
  • #515,313
  • Apr 3, 2020 3:42am Apr 3, 2020 3:42am
Quoting Mattiabarso
hello, what do you think about today's NFP news?

Probably won't be valuable to a trader? Not sure.
Gone to a better place
  • #515,314
  • Apr 3, 2020 3:43am Apr 3, 2020 3:43am
Quoting Almo2312
{quote} Looks like down stariways..
Attached Image (click to enlarge)
Click to Enlarge Name: ADF6FC2F-44C6-4FCB-A4BC-97C83021C9DA.jpeg Size: 497 KB
next level maybe . Any doji on s/r line has to been noted ..
  • #515,315
  • Apr 3, 2020 3:45am Apr 3, 2020 3:45am
Quoting Almo2312
{quote} Looks like down stariways..
wish i held my gut with my 200 tp now lol
  • #515,316
  • Apr 3, 2020 3:46am Apr 3, 2020 3:46am
Quoting joesherwood
{quote} wish i held my gut with my 200 tp now lol
I still there buddy
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #515,317
  • Apr 3, 2020 3:46am Apr 3, 2020 3:46am
Quoting ozalid
additional sale SL about 1.2560 TP 1600 pips
I add sales to the pyramid
  • #515,318
  • Apr 3, 2020 3:50am Apr 3, 2020 3:50am
Quoting SingaRich
{quote} Maybe you should wake up from sleepy land. Being as forex is decentralized, algo based, market makers are nothing more than a forex fallacy. Take the lowest traded range day and you will notice that the market doesn't have to increase more than 5 pips for an entire 24 hour trading period with the same amount of "volume" that caused those massive spikes we see. In other words, if the volume is fake and can be faked, then that would mean forex isn't based on the same fundemental principal as stocks which is "Supply and demand". Let's not even...
I'm not talking about volume. Volume can only be provided in context of the broker or bank, which is inevitable a small fraction and not representative. Forex is not algo based. I'm not interested in fake or whatever other diversion your coffee addled brain can cook up.

If I see a price moving against a trend line, I can see me, or you for that matter, taking a guess on the bid in one minute's time, to give a client an exchange rate. Don't overcomplicate it and then insult me.
Gone to a better place
  • #515,319
  • Apr 3, 2020 3:52am Apr 3, 2020 3:52am
Quoting ozalid
{quote} I add sales to the pyramid
Well done Buddy.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #515,320
  • Apr 3, 2020 3:54am Apr 3, 2020 3:54am
Quoting smikester
{quote} I'm not talking about volume. Volume can only be provided in context of the broker or bank, which is inevitable a small fraction and not representative. Forex is not algo based. I'm not interested in fake or whatever other diversion your coffee addled brain can cook up. If I see a price moving against a trend line, I can see me, or you for that matter, taking a guess on the bid in one minute's time, to give a client an exchange rate. Don't overcomplicate it and then insult me.
True,this is the psychological issue.
Take care
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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