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Cable Update (GBPUSD)

  • #423,101
  • Feb 3, 2016 4:23am Feb 3, 2016 4:23am
Watch the Cramer market manipulation interview on Youtube. He only had a medium sized fund, yet he played all sorts of fun shenanigans.

He would bid the futures up overnight or ask them down ten points to cause shifts in sentiment in the market. He would slam stocks upward or downward reporting earnings to ensure that people perceived the market as bullish or bearish.

If you aggressively dedicate money to shift what investors have their eyes focused on... Like a earnings release for AAPL. You can shift the entire US stock market.
"Don't fear a bubble until it starts to burst."
  • #423,102
  • Feb 3, 2016 4:23am Feb 3, 2016 4:23am
Quoting meanvel
Imagine you were sitting at a poker table with three players. Whale One has $210k in Chips, Whale Two has $150k in Chips, And Joe Blow has $1.5k in Chips... Do you really think the two whales give a damn about Joe Blow? Honestly... {quote}
Well, put it this way;

Whale One has $210k in Chips,
Whale Two has $150k in Chips,
And Joe Blow and millions of his friends each has $1.5k

Do you really think the two whales give a damn about Joe Blow and millions of his friends?

Oh yeah!!!
... I'm not crazy, just Paranoid ...
  • #423,103
  • Feb 3, 2016 4:26am Feb 3, 2016 4:26am
Quoting meanvel
Imagine you were sitting at a poker table with three players. Whale One has $210k in Chips, Whale Two has $150k in Chips, And Joe Blow has $1.5k in Chips... Do you really think the two whales give a damn about Joe Blow? Honestly... {quote}
It's likely the guy with 210k will sit and watch the 150k guy try to take out the 1.5k guy, while bidding his time waiting for the odd chance that presents, before turning his attention to the 151.5k guy!

Anyhow, just wanting to introduce myself here, newbie, just playing with a play account, before i dip my toes. I'm learning a lot from this thread, which I've been following for a week or so now.
  • #423,104
  • Feb 3, 2016 4:31am Feb 3, 2016 4:31am
possible scenario H4 ??
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persistence and determination alone are omnipotent
  • #423,105
  • Feb 3, 2016 4:34am Feb 3, 2016 4:34am
Quoting Ll1979
possible scenario H4 ?? {image}
morning what number do you have short side,,regards E
  • #423,106
  • Feb 3, 2016 4:35am Feb 3, 2016 4:35am
You do have a point there...
Silver - Nonreportable Positions
L: 22,837
S: 15,299

Retail is a pretty good chunk of the Silver market... And most retail players are much weaker hands. So, they are much more susceptible to getting sucked into a move, or scared out by someone pressing the market down in a squeeze.

Hedge funds and institutionals are still much bigger...
Silver - Commercial
L: 46,228
S: 91,352

Quoting Charith
{quote} Well, put it this way; Whale One has $210k in Chips, Whale Two has $150k in Chips, And Joe Blow and millions of his friends each has $1.5k Do you really think the two whales give a damn about Joe Blow and millions of his friends? Oh yeah!!!
"Don't fear a bubble until it starts to burst."
  • #423,107
  • Feb 3, 2016 4:38am Feb 3, 2016 4:38am
Quoting meanvel
You do have a point there... Silver - Nonreportable Positions L: 22,837 S: 15,299 Retail is a pretty good chunk of the Silver market... And most retail players are much weaker hands. So, they are much more susceptible to getting sucked into a move, or scared out by someone pressing the market down in a squeeze. Hedge funds and institutionals are still much bigger... Silver - Commercial L: 46,228 S: 91,352 {quote}
HI sorry to ask but you have really looked in to this fx business , not like me , i am just youtube taught lol ,what would be your next trade ,regards again E
  • #423,108
  • Feb 3, 2016 4:49am Feb 3, 2016 4:49am
Quoting meanvel
You do have a point there... Silver - Nonreportable Positions L: 22,837 S: 15,299 Retail is a pretty good chunk of the Silver market... And most retail players are much weaker hands. So, they are much more susceptible to getting sucked into a move, or scared out by someone pressing the market down in a squeeze. Hedge funds and institutionals are still much bigger... Silver - Commercial L: 46,228 S: 91,352 {quote}
The reality is that big players has the big picture about the market. They gather data from all brokers and banks to make it.
They can see all buy and sell orders, sl, tp, pending orders etc
They know where the bulk of profit is, they know how to go there and they have the volume to do so.
And they are fishing us
... I'm not crazy, just Paranoid ...
  • #423,109
  • Feb 3, 2016 4:51am Feb 3, 2016 4:51am
There is only two trades right now... Either you try to buy and play dips upward into resistance, or you wait for a possible big dip around ADP which may give a solid run setup.

I don't recommend shorting anything anywhere for hours. This market could clip a buy stop pocket just above 1.4475 and fly straight vertical through 1.5.

Quoting elbert3
{quote} HI sorry to ask but you have really looked in to this fx business , not like me , i am just youtube taught lol ,what would be your next trade ,regards again E
"Don't fear a bubble until it starts to burst."
  • #423,110
  • Feb 3, 2016 4:57am Feb 3, 2016 4:57am
Well, there goes that order pocket... Boom! I posted merely seconds before it got hit, LoL... The spike was the 12:52 Candle, I posted at 12:51.

If your wondering what that was all about. There was a order pocket right here... This prior swing high.
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"Don't fear a bubble until it starts to burst."
  • #423,111
  • Feb 3, 2016 5:04am Feb 3, 2016 5:04am
Quoting skyhok
Potential retrace at least 1.4370 (0.6182) for buying the dip. {image}
Whenever I go against u, I lose.
  • #423,112
  • Edited 5:35am Feb 3, 2016 5:11am | Edited 5:35am
Quoting slk
{quote} Whenever I go against u, I lose.
Not to worry, I have to change my mind as market moves along.
It could be something like this now - a deeper correction coiling up for more extended upside :
Exited my longs and waiting.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #423,113
  • Feb 3, 2016 5:11am Feb 3, 2016 5:11am
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  • #423,114
  • Feb 3, 2016 5:16am Feb 3, 2016 5:16am
No they don't... And, anyone with half a brain can draw horizontal lines from swing highs and swing lows to solve where buy stop order pockets are likely located.

Drawing lines is a waste of time though. My resistance formula which just traces highs and lows makes it easy to just glance at and see where they are at. Other people have different formulas for the same thing, but I like mine because it's low visual profile and it's not very distracting.

Quoting Charith
{quote} The reality is that big players has the big picture about the market. They gather data from all brokers and banks to make it. They can see all buy and sell orders, sl, tp, pending orders etc They know where the bulk of profit is, they know how to go there and they have the volume to do so. And they are fishing us
"Don't fear a bubble until it starts to burst."
  • #423,115
  • Feb 3, 2016 5:36am Feb 3, 2016 5:36am
Quoting elbert3
{image}
nice charting.
  • #423,116
  • Feb 3, 2016 5:40am Feb 3, 2016 5:40am
Quoting roger44
{quote} nice charting.
TOOOo many lines but if you see sundays take on the use of them you can sEe that it worked , thanks regards E
  • #423,117
  • Feb 3, 2016 5:44am Feb 3, 2016 5:44am
gu move for target 1.4618....
buy gu..
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joine me mql5.........
  • #423,118
  • Feb 3, 2016 5:49am Feb 3, 2016 5:49am
TL decisively broken.

I guess the game plan now is:

Today ADP, kill stops above 1.45 fall back
Thursday, fall back further to find support and wait for BOE. Don't see BOE change anything materially
Friday NFP, NFP numbers finally turn sour and cable shots up and we give 1.4654 a go.

Hahahaha
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  • #423,119
  • Feb 3, 2016 5:52am Feb 3, 2016 5:52am
#GBPUSD everything going as plan so far with the pound dollar :-)
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"W. D. Gann said that time is the most important factor among all things."
  • #423,120
  • Feb 3, 2016 5:57am Feb 3, 2016 5:57am
Here is why I advise against trendlines and any angular lines. They are just arbitrary... There are a few people placing orders based upon them and shifting the market a little in places, but not that much. Small butterfly effect kicking in which can make them work a little.

But, the real game has to do with the swing highs and swing lows. That is where the order pockets are at... Those are the levels people are fighting over.

The quarters and even numbers too have large order pockets and there are sometimes wars over options strike prices.
"Don't fear a bubble until it starts to burst."
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