Let the market come to you, patience is the key !
Cable Update (GBPUSD)
- #439,522
- Sep 9, 2016 6:19am Sep 9, 2016 6:19am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} A poor high or poor low could mean two opposite things: in one case it could mean that the current auction is not over yet in one particular direction. So contiuation in that direction is expected (maybe after a retracement) In the second case it could be lack of sellers (for a poor low) or lack buyers (for a poor high). In both cases it underline the absence of stronger timeframes, because when they enter a market they do not enter in it on the spot at a precise level. So overall this market is totally weak: this is clear and sure. And...
Thanks Locky for that bit o info....gives me a better understanding of what you are talking about...
Don't Leave Money on the Table
{quote} The market behaves very strange. Everyone is understanding everything, but the market is doing something differentBest D.P.
- #439,526
- Sep 9, 2016 6:24am Sep 9, 2016 6:24am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
{quote}...they know we know what they are thinking in those banks board meetings.
KP
Do your homework, follow the footprints of smart money
- #439,528
- Sep 9, 2016 6:27am Sep 9, 2016 6:27am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
Wonderfull the stillness of the early morning ..
Would be surprised if support at 133 is not broken today
or Monday ..
Would be surprised if support at 133 is not broken today
or Monday ..
- #439,530
- Sep 9, 2016 6:30am Sep 9, 2016 6:30am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
Ubi maior minor cessat
- #439,531
- Sep 9, 2016 6:33am Sep 9, 2016 6:33am
- Joined Mar 2015 | Status: Living Life Large | 1,011 Posts
{quote} Let me add a thing here: if GB remain in stall, and preUS+pit US will go higher, On monday we will have a double pass gap. Meaning that the gap down of today will be overlapped by the monday gap upwards. In this particular case (but it is pure speculation) we will have an island reversal. Meaning that the current GB session will be isolated by an "empty" space from the rest of the market. This will be a clear sign of reversal up for "mid" timeframes. And at the same time a good target(this empty space) for bigger timeframes. Note that this...
I'm high on trading, cant you tell?
- #439,532
- Sep 9, 2016 6:35am Sep 9, 2016 6:35am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
Wonderfull the stillness of the early morning .. Would be surprised if support at 133 is not broken today or Monday ..
Time for me to rethink where I am going and seek my own counsel I think.
Striving for consistency
- #439,534
- Sep 9, 2016 6:43am Sep 9, 2016 6:43am
{quote} A poor high or poor low could mean two opposite things: in one case it could mean that the current auction is not over yet in one particular direction. So contiuation in that direction is expected (maybe after a retracement) In the second case it could be lack of sellers (for a poor low) or lack buyers (for a poor high). In both cases it underlines the absence of stronger timeframes, because when they enter a market they do not enter in it on the spot at a precise level. So overall this market is totally weak: this is clear and sure. And...
You right , but not today we will see up or down next week
- #439,535
- Sep 9, 2016 6:47am Sep 9, 2016 6:47am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #439,536
- Sep 9, 2016 6:48am Sep 9, 2016 6:48am
- Joined Sep 2013 | Status: Trader | 2,999 Posts
"W. D. Gann said that time is the most important factor among all things."
- #439,539
- Sep 9, 2016 6:56am Sep 9, 2016 6:56am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
