Cable Update (GBPUSD)

Quoting pipfarm

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{quote} That is t/a based if there are no volumes there price will not go there, have you never wondered why sometimes the price goes back to the value area or the area where the last lower high was located after a break of structure and sometimes it does not. I think the big players will probably set thier orders at 1.27 after the H1 swing down is finished, remember this is only the first minor swing down on H1 so once this swing is complete if we get another minor correction that will be your entry for swing 3 at or around 1.27 I took nearly the...

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Quoting pipfarm

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{quote} That is t/a based if there are no volumes there price will not go there, have you never wondered why sometimes the price goes back to the value area or the area where the last lower high was located after a break of structure and sometimes it does not. I think the big players will probably set thier orders at 1.27 after the H1 swing down is finished, remember this is only the first minor swing down on H1 so once this swing is complete if we get another minor correction that will be your entry for swing 3 at or around 1.27 I took nearly the...

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Quoting Abeylyn

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{quote} If you don't mind, will you like to share an insight about the volume strategy ? From my end, it's obvious buyers are against the trend and Intraday sentiment but hoping the Daily Support can actually hold.

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Quoting Alorente

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{quote} "...once this swing completes i will short again after the next correction." How do you know when the swing completes?

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Quoting Abeylyn

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{quote}{quote} Entry for long at 1.2660 Stop @ 1.2640 (20) pips. {image} Tried editing some confidential stuffs.

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Quoting Moty

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Quoting Moty

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Quoting pipfarm

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Check NQ out (US30) on 5 minute, the larger degree swing just made what looks like an abc correction and has taken out an accumulation of orders on the upside and is now starting to come back down again into the accumulation of orders, so maybe not enough buyers to push up higher and sellers might overwhelm them again and push through the accumulation to the downside Infact price has taken out 3 high areas of order accumulation to the upside , if this moves back through to the downside we are looking at another big drop

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Quoting pipfarm

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{quote} Some one placed a big order higher just after the price came back through the accumulation area so price went up to pick it up , buyers or sellers? we will have to wait and see who the majority are

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Quoting pipfarm

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{quote} A lot of new orders coming in on NQ looks like buy side as the correction has not completed yet

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Quoting pipfarm

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{quote} A lot of new orders coming in on NQ looks like buy side as the correction has not completed yet

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Quoting pipfarm

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{quote} That is something i can not tell you as it is unique to my method of trading, all i can tell you is that i can see the swings as they develop at different degrees exactly as dow and elliott described the markets ( but not using elliott wave the way he described his forecasting method) , the course of action i take depends on the interpolation of the swings at three degrees of swing

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