GU M5 Falling out of a baby wedge... question is how far... Slow boat to FOMC.... {image}
Cable Update (GBPUSD)
- #382,361
- Jun 17, 2014 1:06pm Jun 17, 2014 1:06pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #382,363
- Jun 17, 2014 1:09pm Jun 17, 2014 1:09pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Bad ticks occur when a liquidity provider sends through an invalid price. By the looks of it, several broker feeds seem to have been similarly affected during the open of trading this past Sunday: http://www.forexfactory.com/showthre...63#post7537563 http://www.forexfactory.com/showthre...25#post7537325 http://www.donnaforex.com/forum/inde...2640#msg312640 http://www.donnaforex.com/forum/inde...2525#msg312525 {quote} Yes, but not for the...
I was of course just being me and making fun out of the situation. (I can be a pain like that 
) But the explanation is both helpful and informative. Thank you Jason.
Ghost Rider - WWTBMD?
- #382,365
- Jun 17, 2014 1:12pm Jun 17, 2014 1:12pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} we broke 56 before it needs a kick up the arse , next 36 watch out in case it bumps up,
I only have one left up there...
Ghost Rider - WWTBMD?
- #382,367
- Jun 17, 2014 1:15pm Jun 17, 2014 1:15pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Ok, this will twist your knickers a bit Billy. I actually hope it will rise to the top of the range again so I can reload the shorts I banked earlier.
- #382,368
- Jun 17, 2014 1:17pm Jun 17, 2014 1:17pm
{quote} As a day trader I have a very simple philosophy. No bias. While it would be silly not to recognize the strong bull trend we're in, it's equally silly not to take advantage of both directions as PA allows for it. I can't wait to collect on a few shorts to load up on longs now that 7000 has been breached.
The fragrance remains in the hands of those that gves the rose
- #382,369
- Jun 17, 2014 1:23pm Jun 17, 2014 1:23pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Green pips Bro
Ghost Rider - WWTBMD?
- #382,370
- Jun 17, 2014 1:24pm Jun 17, 2014 1:24pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} no this is as tight as i can play it,,its like playing chess at the moment,, i dont want to lose a pip lol{image}
Ghost Rider - WWTBMD?
- #382,371
- Jun 17, 2014 1:26pm Jun 17, 2014 1:26pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
{quote}
- #382,372
- Jun 17, 2014 1:26pm Jun 17, 2014 1:26pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Are you being negative Billy???
- #382,373
- Jun 17, 2014 1:30pm Jun 17, 2014 1:30pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} no paranoid ,, i am not losing any pips lol ,this is a fight to the end
.... 
(Insert scalping picture here) ... lol
Ghost Rider - WWTBMD?
- #382,374
- Edited 1:44pm Jun 17, 2014 1:32pm | Edited 1:44pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} Bad ticks occur when a liquidity provider sends through an invalid price. By the looks of it, several broker feeds seem to have been similarly affected during the open of trading this past Sunday: {quote} Yes, but not for the reason you're suggesting.
I don't see anything in my statement that suggests any particular "reason", Jason, you just confirmed yourself that
you handle positively and negatively impacted trades differently.
But I do have this question for you: How is it even possible that an untradable outlier that large isn't filtered out to begin with?
Hear the music before the song is over ...
- #382,375
- Jun 17, 2014 1:36pm Jun 17, 2014 1:36pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} hi jim,,its like watching paint dry the 5 min has 11 indicator arrows in the space of 1 and a half hours ??{image}
Yup when this happens I try to trade HTF to see where we are and... This could be a short term top BUT FOMC....
This is often bearish, but cable has rejected many bearish patterns lately
Tomorrow evening, I'm waiting to read
- Hints on US rate increases
- Hints on taper being changed in anyway
If she hints at early rate increases... it will be a very swift fall on cable
- #382,376
- Jun 17, 2014 1:44pm Jun 17, 2014 1:44pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} no paranoid ,, i am not losing any pips lol ,this is a fight to the end
Of course I could be wrong too.
Ghost Rider - WWTBMD?
- #382,377
- Jun 17, 2014 1:47pm Jun 17, 2014 1:47pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} If it's any consolation Billy, these are my minimum targets for this retrace. Maybe deeper but who knows. I don't look quite that far on a day basis. Seems to me the buying represented by the two 4H wicks here didn't get very far looking at current PA. So I don't think you need to sweat the small stuff .... too much. Of course I could be wrong too.
Hanging man with bearish confirmation, this is the first bearish confirmation in this candle series so it should follow through this time...
- #382,378
- Jun 17, 2014 1:52pm Jun 17, 2014 1:52pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #382,379
- Jun 17, 2014 2:49pm Jun 17, 2014 2:49pm
{quote} GU D1 GMT+3 I like this bullish gap, strengthening my longs, buy stop .6997. All longs invalidation is if price could close under ~6882. Good luck! {image}
Still bullish! To strength the longs buy .6956, buy stop .6997 again.
I hope correction is over and huge rally under creation
to save some profit, tight invalidation is if price could close under ~6923.In this case buy limit .6868.
Good luck!
Anything is math!
