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Cable Update (GBPUSD)

  • #844,301
  • Nov 5, 2024 2:14am Nov 5, 2024 2:14am
Quoting Moty
until i get my salary i am practicing a new strategy London open candle breakout when reach the 61.8 ext , move half position to be {image}
half position tp 12 pips
half position stopped out at be
usually the range of the London open is 40+ pips
better wait after elections results
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yes yes yes
  • #844,302
  • Nov 5, 2024 2:18am Nov 5, 2024 2:18am
Quoting RickM
{quote} Hi Pipfarm The Order Book was created so Banks and large institutions could create ASK / BID imbalances within the books from which they can manipulate Market Orders . If you want a Bullish Trend, you add Asks to the books and the Market orders will then move. Check out a DOM on say US500 Futures and you will see the power comes from adding or removing liquidity, NOT BY PLACING MARKET ORDERS. What we see is Market order action but its not the cause. If you look at EURUSD Futures DOM, you will see removing liquidity at a split second before...

The day to day movement we are trading is caused by market orders , i do not doubt that removing large limit orders at the last second and then using market orders to go in the opposite direction moves the markets and is illegal ( spoofing) remember that British guy was caught spoofing the market from his bedroom in his parents house , made millions.

You want to believe the markets are manipulated that is fine.
Follow The Markets Structure - Patience and Discipline
  • #844,303
  • Nov 5, 2024 2:23am Nov 5, 2024 2:23am
GBPUUSD No shorts for me


The last H1 swing down is comprised of 3 waves and is corrective A (abc B) C , so the direction is up

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Follow The Markets Structure - Patience and Discipline
  • #844,304
  • Nov 5, 2024 2:31am Nov 5, 2024 2:31am
Quoting RickM
{quote} Hi Pipfarm The Order Book was created so Banks and large institutions could create ASK / BID imbalances within the books from which they can manipulate Market Orders . If you want a Bullish Trend, you add Asks to the books and the Market orders will then move. Check out a DOM on say US500 Futures and you will see the power comes from adding or removing liquidity, NOT BY PLACING MARKET ORDERS. What we see is Market order action but its not the cause. If you look at EURUSD Futures DOM, you will see removing liquidity at a split second before...
Why would a bank need to manipulate orders? If they create ask/bid imbalances then they are failing as liquidity providers. Thats not good for business. Maybe you are referring to offering huge orders pricing and it drives market one way or another way and to retail(who is at the end of the food chain) it’s called manipulation? Care to explain please?
How to succeed in zero sum game?
  • #844,305
  • Nov 5, 2024 2:33am Nov 5, 2024 2:33am
Quoting pipfarm
{quote} The day to day movement we are trading is caused by market orders , i do not doubt that removing large limit orders at the last second and then using market orders to go in the opposite direction moves the markets and is illegal ( spoofing) remember that British guy was caught spoofing the market from his bedroom in his parents house , made millions. You want to believe the markets are manipulated that is fine.
Hi Pipfarm

If I could ask you to sit on US500 Future's DOM for just one evening, you will see this.

800 Bids (Buyers). 800 Asks (Sellers) = No Market Movement. Market Orders create noise but almost Zero movement
1200 Bids 600 Asks = Delta increase of about 400 (Not 600 due to noise) =. Bearish Algorithm's are turned on to create a strong Bearish Trend.

Market Orders cannot move the market until one side weakens generally. Sweeps which is some big player just hitting a large market order will move the market but is a wasteful use of equity therefore this only occurs in about 5% of the days action.

Jigsaw Trading program has indicators that map this imbalance and therefore offer trend direction that Market Orders will likely go.

So Delta (Market Orders Ratio) is just the dog chasing the meat on the end of a string.

As for Market Manipulated, go see what happens on a DOM and your will see todays markets are broken.
Check out some videos from Fatcat - he also talks about markets moving without any Market Orders.

Just go look at a DOM

Trading US500 Futures Soon on Motivewave
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Trading thin liquidity at the boundary of the charts
  • #844,306
  • Nov 5, 2024 2:54am Nov 5, 2024 2:54am
Quoting RickM
{quote} Hi Pipfarm If I could ask you to sit on US500 Future's DOM for just one evening, you will see this. 800 Bids (Buyers). 800 Asks (Sellers) = No Market Movement. Market Orders create noise but almost Zero movement 1200 Bids 600 Asks = Delta increase of about 400 (Not 600 due to noise) =. Bearish Algorithm's are turned on to create a strong Bearish Trend. Market Orders cannot move the market until one side weakens generally. Sweeps which is some big player just hitting a large market order will move the market but is a wasteful use of equity...
Inserted Video
Follow The Markets Structure - Patience and Discipline
  • #844,307
  • Nov 5, 2024 2:59am Nov 5, 2024 2:59am
Quoting RickM
{quote} Hi Pipfarm If I could ask you to sit on US500 Future's DOM for just one evening, you will see this. 800 Bids (Buyers). 800 Asks (Sellers) = No Market Movement. Market Orders create noise but almost Zero movement 1200 Bids 600 Asks = Delta increase of about 400 (Not 600 due to noise) =. Bearish Algorithm's are turned on to create a strong Bearish Trend. Market Orders cannot move the market until one side weakens generally. Sweeps which is some big player just hitting a large market order will move the market but is a wasteful use of equity...
Seriously , adding bids and offers that have not been filled does not mean anything.
Follow The Markets Structure - Patience and Discipline
  • #844,308
  • Nov 5, 2024 3:07am Nov 5, 2024 3:07am
Quoting RickM
{quote} Hi Pipfarm If I could ask you to sit on US500 Future's DOM for just one evening, you will see this. 800 Bids (Buyers). 800 Asks (Sellers) = No Market Movement. Market Orders create noise but almost Zero movement 1200 Bids 600 Asks = Delta increase of about 400 (Not 600 due to noise) =. Bearish Algorithm's are turned on to create a strong Bearish Trend. Market Orders cannot move the market until one side weakens generally. Sweeps which is some big player just hitting a large market order will move the market but is a wasteful use of equity...
Rick there is a difference between DOM and DOM.
FX volume and tick data are not equivalent to what you will see for other instruments unless its fx ecn else the volume and ticks you're seeing are just quotes, not completed trades.
How to succeed in zero sum game?
  • #844,309
  • Nov 5, 2024 3:09am Nov 5, 2024 3:09am
I'd like it to go down so I can buy it.

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  • #844,310
  • Nov 5, 2024 3:29am Nov 5, 2024 3:29am
Quoting pipfarm
{quote} Seriously , adding bids and offers that have not been filled does not mean anything.
They do - just have a look

Obviously you haven't traded on a DOM to know this.
That is all I ask - just follow the imbalances for a few hours on a DOM (Futures) and you will understand what I am talking about.
Trading thin liquidity at the boundary of the charts
  • #844,311
  • Nov 5, 2024 3:44am Nov 5, 2024 3:44am
Quoting dempire1
{quote} Why would a bank need to manipulate orders? If they create ask/bid imbalances then they are failing as liquidity providers. Thats not good for business. Maybe you are referring to offering huge orders pricing and it drives market one way or another way and to retail(who is at the end of the food chain) it’s called manipulation? Care to explain please?
Because of Arbitrage, Liquidity in Futures and Spot are micro managed to move together to avoid crashing the whole entire Financial markets. Its cheaper to say Buy xxx on spot then go to Futures and hedge it there quite cheaply. So you can manipulate Futures very easily to move in 10 Ticks right now. So we are half way through the London Session and it would only take about 1000 Lots to move US500 Futures 10 Ticks which will also move Spot 10 Pips. Try moving US500 spot 10 pips and you would need about 10,000 Lots, maybe 100,000 Lots.

How else could a Kid from a bedroom in London cause the US Markets to collapse in the 2010 Flash Crash.
He was trading with about a few million equity on US500 Futures yet collapsed a trillion dollar market
Trading thin liquidity at the boundary of the charts
  • #844,312
  • Nov 5, 2024 3:51am Nov 5, 2024 3:51am
If anyone doesn't think markets can be manipulated John 'Rambo' Moulton an American Trader who moved to Australia could single handedly move the Australian stock market himself back in the 80s because of the massive trades he would put on.
Legendary trader in the Australian stock traders world

Inserted Video
Don't Leave Money on the Table
  • #844,313
  • Nov 5, 2024 4:02am Nov 5, 2024 4:02am
Quoting HaLBot
If anyone doesn't think markets can be manipulated John 'Rambo' Moulton an American Trader who moved to Australia could single handedly move the Australian stock market himself back in the 80s because of the massive trades he would put on. Legendary trader in the Australian stock traders world https://www.youtube.com/watch?v=EkRw6NC0Jew
tell you buddy dempire1 seems algo and such alone matters and market cannot be manipulated
  • #844,314
  • Nov 5, 2024 4:06am Nov 5, 2024 4:06am
my average short price 2988
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Intraday only.
  • #844,315
  • Nov 5, 2024 4:11am Nov 5, 2024 4:11am
Quoting RickM
{quote} Because of Arbitrage, Liquidity in Futures and Spot are micro managed to move together to avoid crashing the whole entire Financial markets. Its cheaper to say Buy xxx on spot then go to Futures and hedge it there quite cheaply. So you can manipulate Futures very easily to move in 10 Ticks right now. So we are half way through the London Session and it would only take about 1000 Lots to move US500 Futures 10 Ticks which will also move Spot 10 Pips. Try moving US500 spot 10 pips and you would need about 10,000 Lots, maybe 100,000 Lots. How...
HFT firms played a critical role in the crash. These algorithms were programmed to detect and react to sudden changes in the order book, including those Sarao initiated. Once the market began to fall, HFT algorithms acted as a “feedback loop,” accelerating the sell-off. Sarao may have triggered a sequence of events, but the speed and volume of trading done by HFTs significantly worsened the crash. The market at the time was particularly vulnerable to rapid movements due to its fragmented structure across multiple trading venues. While Sarao’s spoofing could create short-term imbalances, like inadequate circuit breakers and fragmented liquidity, small triggers like this couldn't have an effect of this size. When liquidity providers withdrew during the sudden volatility, the lack of buy-side support contributed heavily to the market’s crash. Sarao’s trades alone couldn’t explain the magnitude of the sell-off without these other facts in place. Also, a large institutional sell order on E-mini earlier that day is believed to have already placed pressure on the market. This order was executed by an algorithm set to offload $4.1 billion of contracts continuously, regardless of price or volatility. This created a sustained downward pressure on prices, and Sarao’s trades may have further amplified this existing pressure. But the institutional order’s presence indicates that systemic market behaviors were more responsible for the crash than any single trader.
Just another trader in drawdown... Volume Profiles & PA
  • #844,316
  • Nov 5, 2024 4:20am Nov 5, 2024 4:20am
Quoting navk
my average short price 2988 {image}
I am " target " based trader, so closed my short trades in profit.

I did my profit as early as when price hit 1.2965 for my long trades.

These short trades profit is just bonus.

Today is election day, i do not want to hold trades for long time either.
Intraday only.
  • #844,317
  • Nov 5, 2024 4:21am Nov 5, 2024 4:21am
And I have posted this chart yesterday in asian session.

Price in outer bands - sell / buy
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Intraday only.
  • #844,318
  • Nov 5, 2024 4:42am Nov 5, 2024 4:42am
Quoting HaLBot
The oracle of the Khao Kheow Open Zoo in Chonburi, Thailand 'Moo Deng' the baby pigmy Hippo has made her decision and decided President Trump will be the 47th President of the US. This will make Trump a 3 time president Will her psychic prediction be on par with Paul the psychic octopus who predicted the winning teams in the 2010 World Cup with incredible accuracy, truly a psychic phenomenon {image} {image}
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  • #844,319
  • Nov 5, 2024 4:42am Nov 5, 2024 4:42am
Remember everyone, US presidential election today and at some point there could be wild swings in price.....
Don't Leave Money on the Table
  • #844,320
  • Nov 5, 2024 4:48am Nov 5, 2024 4:48am
Quoting HaLBot
Remember everyone, US presidential election today and at some point there could be wild swings in price.....
I'll be buggered, why wasn't I told?
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