Tomorrow we can see a gap down on GBP, now it's the PM involved on Panama papers, it's only a rumor but... Last time we saw a gap when the pensions secretary left this government about 30pips down. Today they are already thousands people protesting in downing street asking for PM resign. All this news can send the GBPUSD back below 1.41 on Asia opening. Let's see the impact. Last week I said this week pound would be below 1.41 because the weekly candle was ugly and I was right. For next week I'm not sure. 2 main points. If goes above 1.4141 can extend to 1.4321. If break 1.4098 but specially 1.4040 I believe we can test again 1.3835. We closed at same level than previous week low, so this can mean something I haven't yet find what this can mean. Any ideas for next week forecast?
Cable Update (GBPUSD)
- #427,742
- Apr 9, 2016 11:39am Apr 9, 2016 11:39am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
could b this chart is right and thats bearish consolidation considering monthly open ,under gap res
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}
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #427,743
- Apr 9, 2016 5:41pm Apr 9, 2016 5:41pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
[quote=albchr;8863526]{quote} 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! 
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! Come with me if you want to live....
- #427,744
- Apr 9, 2016 5:48pm Apr 9, 2016 5:48pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
{quote} Hey my brother from a nutter mother
What are you up to nowadays??
Come with me if you want to live....
- #427,745
- Apr 9, 2016 7:22pm Apr 9, 2016 7:22pm
- Joined Sep 2013 | Status: Trader | 2,999 Posts
"W. D. Gann said that time is the most important factor among all things."
- #427,746
- Apr 9, 2016 8:37pm Apr 9, 2016 8:37pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Hi Chris, we are well thanks, just getting a few things off my chest
Ghost Rider - WWTBMD?
- #427,747
- Apr 10, 2016 12:12am Apr 10, 2016 12:12am
{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.
Failure is not failure if you learn from it...
- #427,748
- Apr 10, 2016 1:33am Apr 10, 2016 1:33am
- Joined Jun 2013 | Status: enjoying life | 23,891 Posts | Online Now
the white tick mark is april month open
cable fell to 23.6 level then bounced to h4 20 ma got rejected by her fell
dropped to 50 level did a dead cat bounce to 38,2 level fll to 50 level
so right now the 50 level is the market point of balance == good
went up kissed the 38.2 level to make a valiant effeort to get on top of her [ h4 20 ma ]
next week
if she agrees to let him ride her then cable might climb to 23.6 level but this is where the mother in law [ daily 20 ma ] comes in
cable drops hard to as low as 3890 the 76.4 level then makes a dead cat bounce back to market point of balance the 50 level.
cable fell to 23.6 level then bounced to h4 20 ma got rejected by her fell
dropped to 50 level did a dead cat bounce to 38,2 level fll to 50 level
so right now the 50 level is the market point of balance == good
went up kissed the 38.2 level to make a valiant effeort to get on top of her [ h4 20 ma ]
next week
if she agrees to let him ride her then cable might climb to 23.6 level but this is where the mother in law [ daily 20 ma ] comes in
cable drops hard to as low as 3890 the 76.4 level then makes a dead cat bounce back to market point of balance the 50 level.
- #427,749
- Edited 2:22am Apr 10, 2016 2:03am | Edited 2:22am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
{quote} I found this algo software http://www.algotrader.ch this may be helpful, it seems demo is not working now, I'll try to test that on Monday
Simple Definition of cartel
- : a group of businesses that agree to fix prices so they all will make more money
And i suppose Libor rate fix was just a one off - Banks being fined for market manipulation too just a coincidence.
Code words exchanged between traders via bloomberg, that was what another coincidence. Case closed lol 
Some people should open their eyes around here and look at the real picture, even if they dont like too.
- #427,750
- Edited 4:49am Apr 10, 2016 4:26am | Edited 4:49am
Failure is not failure if you learn from it...
- #427,751
- Apr 10, 2016 4:36am Apr 10, 2016 4:36am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
from memory they were looking to move the market a few pips ,and had un reliable results they tried ,I accept it can be moved a few pips ,but don't accept its rife,like you paint ,
{quote} Interesting Suneth2 will take a look later on .. Simple Definition of cartel : a group of businesses that agree to fix prices so they all will make more money And i suppose Libor rate fix was just a one off - Banks being fined for market manipulation too just a coincidence. Code words exchanged between traders via bloomberg, that was what another coincidence. Case closed lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #427,752
- Apr 10, 2016 4:40am Apr 10, 2016 4:40am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
We are running through mine field
Sure we are not at that level agreed logical too why should we be, even our spread proves this as retail - (depends on who your with right) - but to ignore the simple facts of human nature is just as short sighted as saying sports in general dont have higher up syndicates manipulating them - take far east syndicates and football, even what cricket, tennis the list is endless and why when MONEY is at stake its logical to want to be the best. And why not hey?
As they say dont tell me what you think - SHOW ME
interesting read .. thanks
- #427,754
- Edited 5:22am Apr 10, 2016 4:46am | Edited 5:22am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
they tried , a faction of the players ,good they should have got longer its fraud ,honestly I don't agree with you its not worth ignoring me over
some people try rob a bank , they also go to prison
I don't sweat on my savings in there ,just don't believe everyday event men in dark rooms,with all that vol
some people try rob a bank , they also go to prison
I don't sweat on my savings in there ,just don't believe everyday event men in dark rooms,with all that vol
{quote} See theres this guy sitting in a 10 x 10 room got what 13 years to think about his actions - small pips hey ?? Make your mind up Tony one minute its no they cant and now its perhaps well just a small bit - open your eyes Buddy..
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #427,755
- Edited 7:43am Apr 10, 2016 4:54am | Edited 7:43am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #427,757
- Apr 10, 2016 1:25pm Apr 10, 2016 1:25pm
- Joined Jun 2013 | Status: enjoying life | 23,891 Posts | Online Now
- #427,758
- Apr 10, 2016 2:27pm Apr 10, 2016 2:27pm
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #427,759
- Apr 10, 2016 8:14pm Apr 10, 2016 8:14pm
- Joined Jun 2013 | Status: enjoying life | 23,891 Posts | Online Now
- #427,760
- Apr 10, 2016 8:28pm Apr 10, 2016 8:28pm
- Joined Jun 2013 | Status: enjoying life | 23,891 Posts | Online Now