Disliked{quote} It was Pat who showed us where high possibility of Supply or Demand may be with his charts. What I learned is that, S and D are usually where that BIG candles are coming from. I think this is where these orders are starting to come from. True.. big fat candles!Ignored
- computers trade 0.01 lots, countless orders but 0.01 lots only
- number of ticks in a period is volume
- 1 minute chart with the candles as tiny as possible is the best for reading this volume
- every order placed needs a counter trade, every buy trade needs a seller
- in high frequency trading, a spexcialized company takes counter trades so that orders can be completed
- during news release it is these counter trend computers whic`h move price and we feel this is the real trend and get stopped out
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However, I'm with you guys that Pound is going to get close to 1.15 today, but since the 4H is still inconclusive I'll stay aside suggesting anything. Kuroda will come out with statements soon..
!! Radha Radha !!
