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Cable Update (GBPUSD)

  • #439,381
  • Sep 8, 2016 9:07am Sep 8, 2016 9:07am
Quoting FastPipn
Short GU 1.3344 Target 1.3290
Filled
Just 20 pips a day to riches
  • #439,382
  • Sep 8, 2016 9:10am Sep 8, 2016 9:10am
Volume is a good indicator, however volume you see in currency is broker volume based on active positions, which could be projection of the whole market. Unlike stock you always have market volume because volume is based on real demand not like brokers that always trade against you!
  • #439,383
  • Sep 8, 2016 9:13am Sep 8, 2016 9:13am
Quoting Fangker
sell pound full margin from 1.3430 ..i saw the goldman sach took place













The High Frequency Trader with 10years experience
  • #439,384
  • Sep 8, 2016 9:23am Sep 8, 2016 9:23am
is that a closing Marubozu? add short?
I'm high on trading, cant you tell?
  • #439,385
  • Sep 8, 2016 9:23am Sep 8, 2016 9:23am
Quoting Dr.Zain
The Pair is heading 3280 and then 3250!!!!
First Target Achieved !!!!!
  • #439,386
  • Sep 8, 2016 9:28am Sep 8, 2016 9:28am
Quoting Dr.Phoenix
{quote} Look at these two bars at the picture below. the first bar has a wide spread and much volume, but the second has the narrower spread and the greater volume. Why? The answer the only one - it is because of buying in background. Of course the current area should be tested to go upper. Best D.P. {image}
Well, we could get the same results with different methods: Monday pit low was established during bank holiday. Who do you think is buying during bank holiday, without liquidity? weak hands or major timeframes? The answer is obvious: weak hands. This is the reason why those who are selling now went down with this confidence because they knew they could go down without encountering any meaningfull resistance at least to that level. Then, right below that, removed those stops and back up again. The morning bench bar was made in order to evaluate the possible opposition right in that direction. Then preUS retested it with the same purpose. When finally pit session open, went above yesterday unchanged and found nothing, they were more secure to go down again to complete the work. They were secure, I was not, again, And also in this case I did nothing. Now if they have not enough force to stay above morning low (B period low) they could continue also lower right to test the old gap top. If instead there is enough volume to retrace we could easily come back to the POC around 3325. Let's see. Also note a lot of single pips of the A period: majorr timeframes do not act in this way. They do not butcher a market like this. This looks like an other day of liquidation. I don't mean it cannot continue lower, but at least I think to know who is carrying this down.
Ubi maior minor cessat
  • #439,387
  • Sep 8, 2016 9:34am Sep 8, 2016 9:34am
Quoting Lock
{quote} Well, we could get the same results with different methods: Monday pit low was esteblished during bank holiday. Who do you think is buying during bank holiday, without liquidity? weak hands or major timeframes? The answer is obvious: weak hands. This is the reason why those who are selling now went down with this confidence because they knew they could go down without encountering any meaningfull resistance at least to that level. Then, right below that, removed those stops and back up again. The morning bench bar was made in order...
the rest of the world.... ?
  • #439,388
  • Sep 8, 2016 9:36am Sep 8, 2016 9:36am
Quoting Dr.Zain
{quote} First Target Achieved !!!!!
Hi Dr it's h/s move 3198? Regards B
  • #439,389
  • Sep 8, 2016 9:38am Sep 8, 2016 9:38am
Quoting Lock
{quote} Well, we could get the same results with different methods: Monday pit low was established during bank holiday. Who do you think is buying during bank holiday, without liquidity? weak hands or major timeframes? The answer is obvious: weak hands. This is the reason why those who are selling now went down with this confidence because they knew they could go down without encountering any meaningfull resistance at least to that level. Then, right below that, removed those stops and back up again. The morning bench bar was made in order to evaluate...
Did I miss something?
Please, point me at, where is the bank holiday?
This can change everything.

Everything is logically said.

Best
D.P.
Hunting High and Low
  • #439,390
  • Sep 8, 2016 9:42am Sep 8, 2016 9:42am
Quoting Dr.Phoenix
{quote} Did I miss something? Please, point me at, where is the bank holiday? This can change everything. Everything is logically said. Best D.P.
This monday was US bank holiday. (and also CAD bank holiday)

Best L.
Ubi maior minor cessat
  • #439,391
  • Sep 8, 2016 9:44am Sep 8, 2016 9:44am
Quoting Don96
{quote} the rest of the world.... ?
The rest of the world during bank holiday has no liquidity. Try to call your favorite banker to have a dozen of billion during these days and you will see.
Ubi maior minor cessat
  • #439,392
  • Sep 8, 2016 9:46am Sep 8, 2016 9:46am
watching 1.3251 and 1.3228 for longs...
  • #439,393
  • Sep 8, 2016 9:47am Sep 8, 2016 9:47am
Quoting Lock
{quote} The rest of the world during bank holiday has no liquidity. Try to call your favorite banker to have a dozen of billion during these days and you will see.
US isnt the only liquidity provider...
  • #439,394
  • Sep 8, 2016 9:51am Sep 8, 2016 9:51am
Quoting Don96
{quote} US isnt the only liquidity provider...
Correct. But it's the biggest one. And that is exactly the reason why generally Sydney and Tokyo sessions are easily retraced by GB and US sessions. And GB session is retraced by US session. They are "relatively" weaker.
Ubi maior minor cessat
  • #439,395
  • Sep 8, 2016 9:53am Sep 8, 2016 9:53am
Quoting Lock
{quote} Correct. But it's the biggest one. And that is exactly the reason why generally Sydney and Tokyo sessions are easily retraced by GB and US sessions. And GB session is retraced by US session. They are "relatively" weaker.
yep, i didnt say that though, you say weak hands but they arent weak...
  • #439,396
  • Sep 8, 2016 9:54am Sep 8, 2016 9:54am
Quoting Lock
{quote} This monday was US bank holiday. (and also CAD bank holiday) Best L.
I saw this...

Don't take this personally, but сould you explain, please?

If the US Banks do not work on Monday, they do not enter the market the rest of the week, do not they?
I did not know this fact.

Best
D.P.

Quoting Don96
watching 1.3251 and 1.3228 for longs...
Yeah, I have two as well: 3270 and 3247.
They are both VPOCs.

Best
D.P.
Hunting High and Low
  • #439,397
  • Sep 8, 2016 10:04am Sep 8, 2016 10:04am
Quoting Dr.Phoenix
{quote} I saw this... Don't take this personally, but сould you explain, please? If the US Banks do not work on Monday, they do not enter the market the rest of the week, do not they? I did not know this fact. Best D.P. {quote} Yeah, I have two as well: 3270 and 3247. They are both VPOCs. Best D.P.
This is important. So, let's say weak hands bought during Monday. Do you think stronger timeframes will enter a market in the same direction of those weak guys without testing below them in order to see if there is something there? So they let other weak hands pile on that move, in order to leave them in trouble, and eventually retraced all of them down to were the initial weak move started. This is a very common game in any market.
Ubi maior minor cessat
  • #439,398
  • Sep 8, 2016 10:07am Sep 8, 2016 10:07am
Quoting Lock
{quote} ..... If instead there is enough volume to retrace we could easily come back to the POC around 3325. Let's see. Also note a lot of single pips of the A period: major timeframes do not act in this way. They do not butcher a market like this. This looks like an other day of liquidation. I don't mean it cannot continue lower, but at least I think to know who is carrying this down.
Here you are: price went up 3 pips below 3325. (and I don't know if is enough or not) Also note the A period single pips largely retraced.
Ubi maior minor cessat
  • #439,399
  • Sep 8, 2016 10:12am Sep 8, 2016 10:12am
Quoting Don96
{quote} yep, i didnt say that though, you say weak hands but they arent weak...
Excuse me: if they weren't weak, why did they let others to fully retrace them?
Ubi maior minor cessat
  • #439,400
  • Sep 8, 2016 10:15am Sep 8, 2016 10:15am
Quoting Lock
{quote} This is important. So, let's say weak hands bought during Monday. Do you think stronger timeframes will enter a market in the same direction of those weak guys without testing below them in order to see if there is something there? So they let other weak hands pile on that move, in order to leave them in trouble, and eventually retraced all of them down to were the initial weak move started. This is a very common game in any market.
This is understandable
Of course, not, they will be pushing down prices as much as possible.

Quoting Lock
{quote} This is important. So, let's say weak hands bought during Monday. Do you think stronger timeframes will enter a market in the same direction of those weak guys without testing below them in order to see if there is something there? So they let other weak hands pile on that move, in order to leave them in trouble, and eventually retraced all of them down to were the initial weak move started. This is a very common game in any market.
But why do not you expect upmove, say, on Friday?

Best
D.P.
Hunting High and Low
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