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Cable Update (GBPUSD)

  • #395,501
  • Aug 30, 2014 6:38am Aug 30, 2014 6:38am
Quoting albchr
{quote} And "ticks" are the best way to gauge that "activity". It's no measure of "total volume" of course because that cannot be known (at least at our retail level) but when the activity is spread evenly across the bars, patterns of which greater "volume" (buy or sell) can be seen. Good morning my friend
GM Chris!

And that's why your tick charts can be valuable. "Tick Charts" are based upon this "activity" so you have "approximate volume" applied right to the price action. No "activity", then no price movement on a tick chart.
  • #395,502
  • Aug 30, 2014 6:40am Aug 30, 2014 6:40am
its debatable chris ,there is a gap there I think

Quoting albchr
{quote} There is no gap in "real" price. Only in your data feed from the weekend close of your broker. Don't believe me? Fire up a tick chart and you'll see the data is there. But I agree, the EUR is in real trouble and shorting any rally has been, and is still my plan.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,503
  • Aug 30, 2014 6:43am Aug 30, 2014 6:43am
Quoting srt
{quote} GM Chris! And that's why your tick charts can be valuable. "Tick Charts" are based upon this "activity" so you have "approximate volume" applied right to the price action. No "activity", then no price movement on a tick chart.
Precisely
Ghost Rider - WWTBMD?
  • #395,504
  • Aug 30, 2014 6:50am Aug 30, 2014 6:50am
My plan:

Wait for lower price around 1.6475~1.6500 area and then go long or Wait for PA to develop from this current level for longs. Until then no positions.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 91 KB
  • #395,505
  • Aug 30, 2014 6:51am Aug 30, 2014 6:51am
Quoting Bones
its debatable chris ,there is a gap there I think {quote}
No, actually it isn't Tony regardless of what you think.

There are "real" gaps that happen in price otherwise known as acceleration gaps. We haven't seen too many of them lately (over the past year or more) but they use to occur quite often on events like the NFP for example when in live trading (brokers open) price jumps or "gaps" to a new level instantly. You've seen them of course. That's a true gap.

What you're seeing on the charts for the EU is not an acceleration or true gap. Just missing weekend data from your feed. I can post an EU tick chart showing the data is there if you'd like "proof".

Post the close and open price of your gap. Of course I also have it on my regular "time based" charts but let's go with your numbers.
Ghost Rider - WWTBMD?
  • #395,506
  • Aug 30, 2014 6:53am Aug 30, 2014 6:53am
Chris ,your tick chart is wrong ,


Quoting albchr
{quote} No, actually it isn't Tony regardless of what you think. There are "real" gaps that happen in price otherwise known as acceleration gaps. We haven't seen too many of them lately (over the past year or more) but they use to occur quite often on events like the NFP for example when in live trading (brokers open) price jumps or "gaps" to a new level instantly. You've seen them of course. That's a true gap. What you're seeing on the charts for the EU is not an acceleration or true gap. Just missing weekend data from your feed. I can post an...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,507
  • Aug 30, 2014 6:54am Aug 30, 2014 6:54am
mt4 I dont trust one bit
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD tick (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,508
  • Aug 30, 2014 7:02am Aug 30, 2014 7:02am
although I see some benefit in tick charts when I tried the problem is you can not put a time on close .
so your fixed to screen ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,509
  • Aug 30, 2014 7:03am Aug 30, 2014 7:03am
Quoting Bones
Chris ,your tick chart is wrong , {quote}
I think the weekend gaps "might" be true gaps or "might not". If the markets completely close @ your broker over the weekend, then reopen Monday with a large gap in "bid" price in relation to the Friday close price, that could create a true gap. But I have a feeling some brokers might take advantage of the situation. If retail traders leave pending orders in over the weekend very near to the Friday close, the broker might fill those orders @ the pending order price even though the actual live bids are a good distance away. That small amount of activity would close the gap. Again, pure speculation on my part :-)
  • #395,510
  • Aug 30, 2014 7:04am Aug 30, 2014 7:04am
Quoting Bones
Chris ,your tick chart is wrong , {quote}
Oh that's right I forgot. How silly of me. Only you are always right Tony. Forgive me oh mighty one.

But just to show how completely wrong I am. How can data exist, where no data (real gap) exists?
Attached Image (click to enlarge)
Click to Enlarge Name: !t-eurusdmm233.png Size: 59 KB
Ghost Rider - WWTBMD?
  • #395,511
  • Aug 30, 2014 7:05am Aug 30, 2014 7:05am
hey nothing wrong with speculation ,haha thats our business ,
to me that gap makes perfect sense and Ill wager it will be filled at some point


Quoting srt
{quote} I think the weekend gaps "might" be true gaps or "might not". If the markets completely close @ your broker over the weekend, then reopen Monday with a large gap in "bid" price in relation to the Friday close price, that could create a true gap. But I have a feeling some brokers might take advantage of the situation. If retail traders leave pending orders in over the weekend very near to the Friday close, the broker might fill those orders @ the pending order price even though the actual live bids are a good distance away. That small amount...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,512
  • Aug 30, 2014 7:06am Aug 30, 2014 7:06am
right chris so your mt4 tick shows data ,and mine does not ,you seriously trust that chart


Quoting albchr
{quote} Oh that's right I forgot. How silly of me. Only you are always right Tony. Forgive me oh mighty one. But just to show how completely wrong I am. How can data exist, where no data (real gap) exists? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD tick 2 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,513
  • Aug 30, 2014 7:12am Aug 30, 2014 7:12am
Quoting Bones
right chris so your mt4 tick shows data ,and mine does not ,you seriously trust that chart {quote}
The question remains. How can data exist, where no data exists? When you answer that, there will be reason to continue the conversation.

As far as trusting that chart? I trust it FAR more than your interpretation or constant ... "I think" ... of it.

Anyway, I've spent enough time playing with the kiddies and it was fun and all. But I must be getting to more important things now.

Enjoy the weekend folks
Ghost Rider - WWTBMD?
  • #395,514
  • Aug 30, 2014 7:15am Aug 30, 2014 7:15am
I think it but I don't know chris ,I have more to say real than you ,I have considerably more experience ,
yet you challenge me every step chris ,
anyway no problem ,

Quoting albchr
{quote} The question remains. How can data exist, where no data exists? When you answer that, there will be reason to continue the conversation. As far as trusting that chart? I trust it FAR more than your interpretation or constant ... "I think" ... of it. Anyway, I've spent enough time playing with the kiddies and it was fun and all. But I must be getting to more important things now. Enjoy the weekend folks
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,515
  • Aug 30, 2014 7:32am Aug 30, 2014 7:32am
Quoting Bones
I think it but I don't know chris ,I have more to say real than you ,I have considerably more experience , yet you challenge me every step chris , anyway no problem , {quote}
Yes, in your opinion you're quite correct Tony. You have more real to say than everyone.

We've already been over the whole "experience" thing. Yes It's very true, some folks need more time to get to the same place others do. History is full of examples of that.

I am not "challenging" you. Only YOU see it that way. Like it's a competition or something. (EGO?) I'm merely stating facts and proposing questions on them. Questions you have yet to answer and will avoid doing so at all costs.

Your most common method of avoidance is simply, "I'm better than you". Yes Tony, you ARE the best. Feel better now?
Ghost Rider - WWTBMD?
  • #395,516
  • Aug 30, 2014 7:33am Aug 30, 2014 7:33am
no its not that ,but if you asked me are you equal in ability id say no where near ,if thats ego so be it


Quoting albchr
{quote} Yes, in your opinion you're quite correct Tony. You have more real to say than everyone. We've already been over the whole "experience" thing. Yes It's very true, some folks need more time to get to the same place others do. History is full of examples of that. I am not "challenging" you. Only YOU see it that way. Like it's a competition or something. (EGO?) I'm merely stating facts and proposing questions on them. Questions you have yet to answer and will avoid doing so at all costs. Your most common method of...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,517
  • Aug 30, 2014 7:35am Aug 30, 2014 7:35am
i think i must be on ignore list ????
  • #395,518
  • Aug 30, 2014 7:37am Aug 30, 2014 7:37am
Quoting Bones
I think it but I don't know chris ,I have more to say real than you ,I have considerably more experience , yet you challenge me every step chris , anyway no problem , {quote}
One more question that I know you won't answer but... How is it the data exists on my tick chart and not yours? Do you really trust YOUR chart?

To show just how predictable you are, I've already prepared an answer (on a chart) "IF" you should choose to answer the Bold question above.
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  • #395,519
  • Aug 30, 2014 7:39am Aug 30, 2014 7:39am
Quoting elbert3
i think i must be on ignore list ????
No, I see you

**Sorry about the "talking heads" comment. I knew HDA wasn't looking for that answer :-)
  • #395,520
  • Aug 30, 2014 7:40am Aug 30, 2014 7:40am
Quoting Bones
no its not that ,but if you asked me are you equal in ability id say no where near ,if thats ego so be it {quote}
And I'd agree 100% with you. Thankfully, I am definitely no where "near" you in ability. Or anything else for that matter.
Ghost Rider - WWTBMD?
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