Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} GU Support zone. SRF May try to get long again here. Analyzing LTF Price Action {image}

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Quoting MTF Test

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{quote} IMO, It's the perspective of the individual. One might see conjunctions as manipulation and the other might see a clear picture which derived from experience. Jay bag is pro who might see the scenarios clearly. even I sometimes see PA manipulation.

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Quoting JayBag

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{quote} Hi Big Numbers, No intentions to disregard your chart or opinion, but I strongly do not believe in 'Manipulation'. Never did, will never do. If the price goes beyond areas I had in mind, I simply take the loss and re-evaluate. The range is something that has to happen before any significant move. Only 1 in 20 times would the market just move without ranging. From my perspective, the long-term view for this instrument is heavily BEARISH. Having this in mind, I would not bother doing otherwise. Take Care

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Quoting emuszy

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{quote} Exactly bro, every one has their own "wordings" for same things ... Jay ...oga boss

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Quoting BigNumbers

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{quote} You many not see it as Manipulation; It is also called Order distribution. They set liquidity in the market on purpose so the retails trade can trade into it. And then increase their order in the opposite direction to stop out their own order in which they have already trilled the retails traders to take part in. What do you call that ? And finally; their order will start flowing in the direction intended.... I understand you’re a professional but it happens all the time.

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Quoting JayBag

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{quote} Very true My Chairman. Perhaps we can maybe watch it a bit to avoid misleading the new ones? Imagine I started seeing that word from my KG days. I will probably believe that the market is crooked. This will further discourage me to actually take the blame and continue working hard on my skill. Just a thougtht btw. Take Care

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Quoting Moty

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switched to short {image} {image}

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Quoting JayBag

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{quote} Hi bro, I understand, however, such choice of word like 'Manipulations' may be too vague. I can only imagine how the new guys in the block may find it. They will probably go on with the idea that the market is manipulated which is not entirely true. What do I mean by entirely? Stop Hunt, etc.. Not a ranging market for pit's sake lol.. Well, just my observations, and everyone has the right to air theirs. Take Care

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Quoting JayBag

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{quote} Hi BN, Like a few pros already mentioned, it may be a choice of words. But Let's not mistake RANGE for manipulations, please. I get your point nonetheless and this is why I do not scalp because I think it's too much and I have no experience/skill in it at all.. Pros like PAT, Myestro, MTF and a few more know the drill when it comes to scalping and I applaud them.

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Quoting Tekin

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{quote} Goodmorning all. Nothing surprised yet. Bears need to break 1.3884 first ( but my bias still bearish) but i dont think it will be easy so i am waiting to see 1.3915-1.39221 bearish stop 1.3943 {image}

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