Cable Update (GBPUSD)

Cable preparing for a move up soon imo (not trading it today just observing)

I see DXY reacting of h1 demand since yesterday towards a trend line but GU moving sideways, maybe once it hits it's upper TL GU can take off

NY cash equities trading starts soon

1.3920 & 1.3950-60 worth watching

First break down line of the range then goes up.

32 pips daily range
the crooks are here

there, you can have that. hedge funds, for example, buy data on what positions other traders have and where stops and limit orders are.
And of course they can then locate clusters more easily.

e.g. free stock brokers like robbin hood make their living by selling this data to hedge funds. in return, the buying/selling is free.

Hi Hout Bay,

Greeting to you.

What they're seeing only local to them without involving other brokers/MM/ HF et cetera Liquidity providers.
Their numbers are limited to what they're transacting. , not the overall Forex transaction worldwide.
Big Banks trade among themselves, not through broker.
Some part went through Market Maker.
We really don't know the actual numbers.

For that, FX market is not centralized and depending on the market it is either full dealer or full auction market structure.

That's fine but we are dealing with a decentralized mixture of dealer/dealerMM/auction/hybrid market structures.. with some being unified market structure.

So we need a way to read the level and strength of the level and possible further ability to build into the trade.

Well we know that we are at Support and support is more noticeable the more touches it has and the more noticeable a support or resistance level is the more volatility the price level will bring in either the rejection or break.

The ability to trade the level will have to do with the amount of orders providing a fluid movement to the market with the ability of the market to react asymmetrically afterwards to build continuing order flow.

Unfortunately, we do not have the complete date (DOM) to analyse strength of the zone.

I agree it's a weird move but one can never be sure of how many sub-mini waves they have in store. I keep trying to focus on the bigger and probably significant wave. I also agree on the 1.344 target which is also close to my next stop at 1.345. You know the drill bro. Sooner or later, lower targets will be met.

Let's just pile up the popcorn and liquor bottles and enjoy the movie
Cheers Georg

You must know by now when i start playing the music im usually right

I can feel his presence

That's his power to the darkside.

Hope you beware of his power to wisper you the FOMO.....

at what price will he show himself, I going for 1.3838

SL ketat bang

I shorted it too, not sure with fomc today, but I locked it to sleep well tonight

Hope a nice day to everyone

just scalping...

edit : closed 20

short for 20

going with yea sold 1.3856 tp 1.3840 no sl

Maybe a similar move like yesterday.....

Lets go up... i bought it early.. but still have confidence on that.. sl in place.. 3940 in mind..