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Cable Update (GBPUSD)

  • #726,361
  • Feb 5, 2023 4:56am Feb 5, 2023 4:56am
Quoting FederalTrade
gas tank almost empty...
Ok thanks, that makes sense...
  • #726,362
  • Feb 5, 2023 5:00am Feb 5, 2023 5:00am
Quoting FederalTrade
gas tank almost empty...
Don't you have to consider the futures market as well?
  • #726,363
  • Feb 5, 2023 5:08am Feb 5, 2023 5:08am
if you consider everything and everything else that has not been considered you will fall, that's the trap. Theirs only two lanes of highway buy and sell and one light post volume...thank you
  • #726,364
  • Feb 5, 2023 5:19am Feb 5, 2023 5:19am
Quoting Robinhood1
{quote} I already worked out why market spikes one way o the other when news show up. I already mentioned it some time back.
So does knowing why the markets spikes in a particular direction help you to enter a trade in a specific direction, or is knowing why not a direction predictor, and merely provides some conversational material for after the spike is over?
To free Gazans of Hamas, use whatever it takes.
  • #726,365
  • Feb 5, 2023 5:22am Feb 5, 2023 5:22am
Quoting RickM
{quote} For those who can't be bothered looking, it spikes due to liquidity being removed from the markets. About 80% of all orders are removed from the order books minutes before Red news hits.
For such a large percentage of the orders to be removed, there must be shipload of bots programmed to act based on the time of pending news release.
To free Gazans of Hamas, use whatever it takes.
  • #726,366
  • Feb 5, 2023 5:25am Feb 5, 2023 5:25am
Below illustrates the most current scan of my very own brain when critiquing charts
Attached Image (click to enlarge)
Click to Enlarge Name: my scanned bain when critiquing charts.jpg Size: 13 KB
  • #726,367
  • Edited 5:42am Feb 5, 2023 5:30am | Edited 5:42am
Quoting DrDave
{quote} So does knowing why the markets spikes in a particular direction help you to enter a trade in a specific direction, or is knowing why not a direction predictor, and merely provides some conversational material for after the spike is over?
The reason i do not follow news is as what RickM stated. There is one only bot in my opinion. Bear in mind there are not many orders in its way as no retailer is in real market. Its been very clever to keep almost 100% retailers just at the broker. Any advanced trader wil be transferred to real market.

Remember, this bot has all the retailer´s insider information. SL & balances.
POSTMASTER
  • #726,368
  • Feb 5, 2023 5:42am Feb 5, 2023 5:42am
The EU and GU may get a reprieve from the US/Ukraine war with Russia.
Apparently, a Chinese weather balloon that flew from China to the US has the US military pushing the panic buttons that this is a test attack on the US. They are all about escalating Taiwan support and making ready for war on a new front.
Zelensky has been told by the CIA to settle (for the first time!) with Putin for the time being.
Some of this is actually in the news (the balloon, the Chinese threat, the need for military escalation and response) and the speculation is all over Telegram.
  • #726,369
  • Feb 5, 2023 5:46am Feb 5, 2023 5:46am
Quoting DrDave
{quote} For such a large percentage of the orders to be removed, there must be shipload of bots programmed to act based on the time of pending news release.
Exactly, probably 75% or more of all orders seen in the books these days are generated by Algo's. They are turned off during periods of major market indecision when they are unlikely to win, causing this massive liquidity loss to the markets.
Trading thin liquidity at the boundary of the charts
  • #726,370
  • Feb 5, 2023 5:50am Feb 5, 2023 5:50am
Sorry to be so twisted in my thoughts but I'm 59 years old and have some experience. In my days, although the money already existed, there was not so much supply of products, good prices and the bombardment of information. Therefore, money has become the number 1 addiction now. It means that everyone is addictive like to any hard drug. Theft and scam exist at any level. However, I could explain the story of Jesus Christ and emperor Constantino to you, but it is not a recommended topic out of respect.
POSTMASTER
  • #726,371
  • Feb 5, 2023 6:13am Feb 5, 2023 6:13am
Quoting Waveskierrob
{quote} Why so?...
Because of this. When they move together, it's an "inefficiency". So GU needs to revert back to original. It's not an indicator, it's my own model.
Attached Image (click to enlarge)
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  • #726,372
  • Feb 5, 2023 6:20am Feb 5, 2023 6:20am
Quoting catch22
{quote} Because of this. When they move together, it's an "inefficiency". So GU needs to revert back to original. It's not an indicator, it's my own model. {image}
Thanks...
  • #726,373
  • Feb 5, 2023 7:49am Feb 5, 2023 7:49am
Everybody stop tiring out brain cells on matters you cant see, orchestrate...cause and effect. Nothing said beforehand about liquidity helps you READ the markets any better. Are you concerned with a neighbor down the street? most will say NO!

I never once was did commit a minute of my time with this stuff..its distorting your vision

You should be worried about comprehending what the charts are telling that's all...nothing on your charts learn to read them first that way
  • #726,374
  • Feb 5, 2023 7:53am Feb 5, 2023 7:53am
Quoting Jolita
Disinflation process has started 4389291 {image}
how so? Dollar is up because that NFP suggested more inflation not less. Which made the Bond yields also go higher.
  • #726,375
  • Feb 5, 2023 7:58am Feb 5, 2023 7:58am
Quoting FederalTrade
Everybody stop tiring out brain cells on matters you cant see, orchestrate...cause and effect. Nothing said beforehand about liquidity helps you READ the markets any better. Are you concerned with a neighbor down the street? most will say NO! I never once was did commit a minute of my time with this stuff..its distorting your vision You should be worried about comprehending what the charts are telling that's all...nothing on your charts learn to read them first that way
Attached Image (click to enlarge)
Click to Enlarge Name: d3be1a1483d31fdb0f175289a6d3620a.jpg Size: 22 KB
  • #726,376
  • Feb 5, 2023 8:14am Feb 5, 2023 8:14am
Quoting catch22
{quote} how so? Dollar is up because that NFP suggested more inflation not less. Which made the Bond yields also go higher.

You must listen to the whispers, the clue was here -
'' The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run".
Attached File(s)
File Type: pdf monetary20230201a1.pdf   262 KB | 259 downloads

Take notes and follow up on next data.
  • #726,377
  • Feb 5, 2023 8:34am Feb 5, 2023 8:34am
Quoting Jolita
{quote} '' The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run".
This is not a whisper or clue, this is their mandate. This is in every FOMC statement.
  • #726,378
  • Feb 5, 2023 9:19am Feb 5, 2023 9:19am
Quoting catch22
{quote} This is not a whisper or clue, this is their mandate. This is in every FOMC statement.
I've answered your question.
Thats all.
  • #726,379
  • Feb 5, 2023 9:36am Feb 5, 2023 9:36am
Quoting Coreg2004
{quote} Jolita, you might be correct. Only closing above 1.2263 on the daily chart invalidates this setup.{image}The case for more downside. W:1 had only 3 swings (ABC) the wave is impulsive, meaning we should see a 1-2-3-4-5 pattern to the downside.{image}and because W: C exceeded 1.618 ext of W: 1 the current low @1.2047 might be W:3 and W: 4 to follow.{image}https://www.tradingfives.com/article...wave-guide.htm
i have the same path on 30m tf
  • #726,380
  • Feb 5, 2023 9:46am Feb 5, 2023 9:46am
i LOVE it when i am Right...
have a Good Look at My Message to Patrick...
i posted that on JAN 22...
and Read it carefully i am too Damm Good Analyst.. just Kidding.
.
i hope you guys can see how Long term Fundamentals work.
.
.
Attached Image (click to enlarge)
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