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Cable Update (GBPUSD)

  • #427,721
  • Apr 9, 2016 2:33am Apr 9, 2016 2:33am
Quoting dean1star
{quote} thats the plan New weekly candle so new high then the low hopefully ..
We'll see how it rolls but looks good to me .

On another but important note

S&P bears are getting the very last drop of gravy squeezed out of them BIG TIME as it makes lower highs and lower lows!!!

THAT can only mean 1 thing.......

In the FF news section a couple of weeks ago, some guy apparently called "The Godfather" of technical analysis LOL , said the recent monthly lows were there to stay and that it's all up from here.

Oh man, the opportunistic criminals that infest the media and finance deliberately seek to bring absolutely nothing but sour destruction upon others

How does that market top look to you?
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Come with me if you want to live....
  • #427,722
  • Apr 9, 2016 2:54am Apr 9, 2016 2:54am
Aussie market
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Come with me if you want to live....
  • #427,723
  • Apr 9, 2016 3:02am Apr 9, 2016 3:02am
Quoting dean1star
{quote} thats the plan New weekly candle so new high then the low hopefully ..
are u still short??
what is ur exceptions for next week?
  • #427,724
  • Apr 9, 2016 3:50am Apr 9, 2016 3:50am
GBP USD projected price action for the upcoming week:

a) GU trades higher into 4170-80 area b) GU reverses down @ 4170-80 until 3960-80 area c) GU reverses up @ 3960-3980 and rallies into 4320

Therefore initial weakness, finds decent support @ 3960-80 and then goes up.
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  • #427,725
  • Apr 9, 2016 4:04am Apr 9, 2016 4:04am
supplementary to the above EW review on the H4. intermediate wave (C) will take us to 4320 from 3960-80 region.
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  • #427,726
  • Apr 9, 2016 6:02am Apr 9, 2016 6:02am
Quoting Ill-b-back
projecting to 3963 region, in 2nd chart, we then have very neat PA ruled fibs with a return to untested fib/hybrid trendline at 4340 region A funky daily PA dance channel also. 4hr shows a potential sell here. I won't take it but MAY take a small buy down below at the 3960 region if PA indicates {image} {image} {image}
^^^^^I don't use EW analysis yet, but maybe I should

I see where you're coming from mate :nerd:

Come with me if you want to live....
  • #427,727
  • Apr 9, 2016 6:42am Apr 9, 2016 6:42am
Quoting Ill-b-back
{quote} ^^^^^I don't use EW analysis yet, but maybe I should I see where you're coming from mate :nerd:
Take yesterday as a typical example - uk news in the boon docks with production and we not only stay in the channel but we also take back the range as a high -(btw did say that range would be taken back) that move totals the 100 pip drop you would expect in lets say the old days back (not so old) - bad news uk time and it drops - but i think those days are gone. My personal take is i feel the cartel has an agreement and a free hand to make everyone money by staying in the range and letting the algos loose. Clients money and their own.

So what can they get i speculate here - they leverage what 500 - 1 perhaps?

3 pip moves 2 pip moves 1 pip moves on algos ?
whats their spread - 0.2 or 0.3 perhaps - i dont know but i say this one hour candle one pip net x 500 - 1 leverage = what 24 trades = 24 pips at 500 - 1 leverage nice work for the day.

Media is only there as a distraction for sure - yesterday again proved that - uk news was neg and what the price went higher. (but did not break the days high ) .. the magic art of deception now u see it and yep now u dont .. lol
  • #427,728
  • Apr 9, 2016 7:50am Apr 9, 2016 7:50am
Hi dean you really think big money trades this way ,I don't see it at all ,big money are not scalpers imo,
also I don't believe cartel is true

Quoting dean1star
{quote} Take yesterday as a typical example - uk news in the boon docks with production and we not only stay in the channel but we also take back the range as a high -(btw did say that range would be taken back) that move totals the 100 pip drop you would expect in lets say the old days back (not so old) - bad news uk time and it drops - but i think those days are gone. My personal take is i feel the cartel has an agreement and a free hand to make everyone money by staying in the range and letting the algos loose. Clients money and their own. So...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,729
  • Apr 9, 2016 8:04am Apr 9, 2016 8:04am
Quoting Bones
Hi dean you really think big money trades this way ,I don't see it at all ,big money are not scalpers imo, also I don't believe cartel is true {quote}
Hey Tony!

I agree big money are not scalpers of course. However, they do "scalp" (for lack of a better term) orders opposite to their main positions to "bump" price and lure the unsuspecting into the wrong direction thus helping to provide the needed liquidity to fill their larger orders. They can't just slap their whole order on the markets and get them filled. They have to work them in in stages.

Maybe not a cartel but, ... certainly not a retail traders friend.
Ghost Rider - WWTBMD?
  • #427,730
  • Apr 9, 2016 8:05am Apr 9, 2016 8:05am
Quoting dean1star
{quote} Take yesterday as a typical example - uk news in the boon docks with production and we not only stay in the channel but we also take back the range as a high -(btw did say that range would be taken back) that move totals the 100 pip drop you would expect in lets say the old days back (not so old) - bad news uk time and it drops - but i think those days are gone. My personal take is i feel the cartel has an agreement and a free hand to make everyone money by staying in the range and letting the algos loose. Clients money and their own. So...
Yellen says she sees no bubbles, well why should she say so even if she did? Their job is full employment and price stability. Is she going to admit to not doing her job? Just look at the length of the post crash QE neck on that Brontosaurus called the S&P. Fcuk me, it's clear they would rather have us think they are stoopid than know they are colluding.
Come with me if you want to live....
  • #427,731
  • Apr 9, 2016 8:14am Apr 9, 2016 8:14am
Quoting Ill-b-back
{quote} Yellen says she sees no bubbles, well why should she say so even if she did? Their job is full employment and price stability. Is she going to admit to not doing her job? Just look at the length of the post crash QE neck on that Brontosaurus called the S&P. Fcuk me, it's clear they would rather have us think they are stoopid than know they are colluding.
Hey my brother from a nutter mother long time!

Yapping Yellen only see's what's written on the page for her to see. But what? You saying there's underhandedness and deceit going on? Perish the thought!

Hope you and yours are well.
Ghost Rider - WWTBMD?
  • #427,732
  • Edited 8:51am Apr 9, 2016 8:32am | Edited 8:51am
Hey chris
,I'm sure orders are filtered slowly ,if I were a bank id spend a fortune to know the fundamental future to a high degree Im talking long way ,
then position accordingly ,I think thats what happens ,with so much volume and respect to general tech in all forms , I doubt the cartel theory
retail hardly make the real market ,brokers are the beneficiary lol nice to see your back ??


Quoting albchr
{quote} Hey Tony! I agree big money are not scalpers of course. However, they do "scalp" (for lack of a better term) orders opposite to their main positions to "bump" price and lure the unsuspecting into the wrong direction thus helping to provide the needed liquidity to fill their larger orders. They can't just slap their whole order on the markets and get them filled. They have to work them in in stages. Maybe not a cartel but, ... certainly not a retail traders friend.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,733
  • Apr 9, 2016 8:52am Apr 9, 2016 8:52am
Quoting Bones
Hey chris ,I'm sure orders are filtered slowly ,if I were a bank id spend a fortune to know the fundamental future to a high degree Im talking long way , then position accordingly ,I think thats what happens ,with so much volume and respect to general tech in all forms , I doubt the cartel theory retail hardly make the real market ,brokers are the beneficiary lol nice to see your back ?? {quote} {image}
Well, call me a tin hat but, they don't have to know the fundamental future. They create it! Do folks really think this "data" just falls from the sky for ALL of us to see at the same time? ....

Take the CAD numbers Friday. Now open a 1m chart on UC. That puppy started falling a full 5 to 6 minutes before the "scheduled" release. Add another minute or two delay by the time FF put it up and that initial 80+ pip drop was over before we ever saw the numbers.

Pretty simple really. It all starts at the top in a club we ain't members of. ... lol

I'm sort of back brother. Just enjoying catching up with old friends here really.
Ghost Rider - WWTBMD?
  • #427,734
  • Edited 9:09am Apr 9, 2016 8:53am | Edited 9:09am
even if there were a cartel ,they gotta work with tech ,otherwise it wouldn't work,I mean how may ways you can skin a cat with sound tech approach ,all works
so whats the point ,truth is the best big money all come to same conclusion with their millions and fade the market thats how I see it
spend 10 mil for future outlook polls whatever ,are you about to share it ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,735
  • Apr 9, 2016 8:59am Apr 9, 2016 8:59am
well could be ,someone knows something always I guess ,mostly I suspect fundamental work is done theres no need to be told ,the ultimate edge is money haha


Quoting albchr
{quote} Well, call me a tin hat but, they don't have to know the fundamental future. They create it! Do folks really think this "data" just falls from the sky for ALL of us to see at the same time? .... Take the CAD numbers Friday. Now open a 1m chart on UC. That puppy started falling a full 5 to 6 minutes before the "scheduled" release. Add another minute or two delay by the time FF put it up and that initial 80+ pip drop was over before we ever saw the numbers. Pretty simple really. It all starts at the top in a club...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,736
  • Apr 9, 2016 9:08am Apr 9, 2016 9:08am
Quoting Bones
well could be ,someone knows something always I guess ,mostly I suspect fundamental work is done theres no need to be told ,the ultimate edge is money haha {quote}
In every aspect of life brother. There are those who have so much they simply can't help but make more even if they tried.

I heard a story long ago when I was a kid (can't say I know it's true) but the IRS asked Rockefeller to provide his income for tax purposes. His response was, "It changes exponentially day by day. If you can figure it out be sure to let me know" They couldn't ... ....
Ghost Rider - WWTBMD?
  • #427,737
  • Edited 10:06am Apr 9, 2016 9:54am | Edited 10:06am
Quoting Bones
Hi dean you really think big money trades this way ,I don't see it at all ,big money are not scalpers imo, also I don't believe cartel is true {quote}
No but what i do believe is that the Algo companies are making big money for sure ..
If i remember correctly a few Large Banks have an outside vested interested in a few of the Algo Companies. That i do believe.
  • #427,738
  • Apr 9, 2016 10:09am Apr 9, 2016 10:09am
Quoting Bones
even if there were a cartel ,they gotta work with tech ,otherwise it wouldn't work,I mean how may ways you can skin a cat with sound tech approach ,all works so whats the point ,truth is the best big money all come to same conclusion with their millions and fade the market thats how I see it spend 10 mil for future outlook polls whatever ,are you about to share it ?
Right Tony - when you say they gotta work with Tech is that in house or externally. Why not have a vested interest in both?
Now someone might come along and say you cant - but is it ever that simple as can and cannot - with money you know you can find an answer to everything almost .. if you want it that bad that is
  • #427,739
  • Apr 9, 2016 10:13am Apr 9, 2016 10:13am
Quoting albchr
{quote} Well, call me a tin hat but, they don't have to know the fundamental future. They create it! Do folks really think this "data" just falls from the sky for ALL of us to see at the same time? .... Take the CAD numbers Friday. Now open a 1m chart on UC. That puppy started falling a full 5 to 6 minutes before the "scheduled" release. Add another minute or two delay by the time FF put it up and that initial 80+ pip drop was over before we ever saw the numbers. Pretty simple really. It all starts at the top in a club...
Good to see ya back floating around man, as far as the cad that pair has been falling for 3 solid months , one news report isint going to change anything good or bad , it had a 3 year run up with only a couple bigger pull backs . , The last 6 months have been an even wash lol, up 3 down 3 . The big guys whoever "they" are do create it , Im pretty sure they have 2 sets of numbers too, the ones the governments will put out for all to see and the real numbers hence the seemingly descrepinces on what the markets do after the big news numbers are reported lol
  • #427,740
  • Apr 9, 2016 10:41am Apr 9, 2016 10:41am
Quoting digger1
{quote} Good to see ya back floating around man, as far as the cad that pair has been falling for 3 solid months , one news report isint going to change anything good or bad , it had a 3 year run up with only a couple bigger pull backs . , The last 6 months have been an even wash lol, up 3 down 3 . The big guys whoever "they" are do create it , Im pretty sure they have 2 sets of numbers too, the ones the governments will put out for all to see and the real numbers hence the seemingly descrepinces on what the markets do after the big news numbers...
Hey digger! Good to see you as well.

Lord knows FF can get on my nerves at times but it's really great to stop back in and see good folks. (No sightings of WB in a long time I notice). No question UC has been falling hard (I don't trade CAD pairs myself) and I wasn't suggesting that data had anything to do with it dropping further. Heck, I don't think even the opposite data would have stopped it. As you say, how many times have we seen a currency do the exact opposite of what the "data" would suggest? LOL

I was merely pointing out that we get any data (true or false) much later than the big boys do. As a day trader, getting those numbers in a, shall we say, timely fashion? Would have yielded an easy 80+ pip short for just about anyone who was watching and trading the pair at the time.

Pretty sure most of us know that 98% (if not more) of news releases are simply a "finger in the dike" anyway. The market will move the way it was moving as seen on the charts regardless. It just pauses until that finger is pulled out! LOL

Hope all is well with you and yours.
Ghost Rider - WWTBMD?
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