Tiagor, watch out for spikes around 11:00. BIG GBP announcement!!

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Ultra low vol followed by above average vol on price spike down followed by low vol sideways. Obviously stopping short down run. Also divergence on short term % R indicator

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Out on 11:28 candle !!

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Got that one too!!

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Even though the drop was triggered by the UK mortgage news, you could see the smart money action ahead of time!!

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Fantastic!! Haven't heard words like that for ages! Just my style! Did you catch this recent drop. You saw the vol spike high @ 10:00 followed by a higher price @ 10:15 but on lower volume, obviously a test and down she went! Great! I have to admit ...

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Hi Tiagor, welcome! interesting you mention volume. Not much talk on this forum on this subject. I use it alot to help with triggers (VSA). I would be interested to hear how much you use it and if you have dedicated software to apply it.

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Good morning everyone. Nice move during the Asia closes. I've been looking at Abu's analysis and levels for today. Can someone confirm they are not mis-typed. There is a target number of pips of 557 on Buy 3 and 572 on sell 3?!?!?!

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I think it is alot to do with equity options expiry as FX Local said. There are ETFs that mirror currency pairs with options available that expire today.

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Ouch!! did anyone catch that one. Even outside Dereks chart!

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Was it you Jack that said yesterday about the 5m 50 Ma being something the pros use to bounce off?

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Here comes a 382 and a 5m 50Ma

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Hi Pip, I haven't spoken with you before. I am in with you on this one. Lots of traffic on the way down. It seems to bounce off 382s quite alot and of course we have the 13:30 USD Core CPI. I would be pleased to hear if you see anything untoward. ...

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It's actually a lot easier that trying to predict a direction longer term. I think the mistake most traders make when trading very short term time frames is also looking for long runs in their short term trades. This prevents you from taking ...

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I agree!! BUT Those gaps are powerful magnets. I had it explained to me once that gaps are signifiacnt price zones in the past for market makers.

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Good morning everyone. Not sure of the direction at the moment. Will wait til the 7:00 o@clock hour (UK time) when China closes to see the big move then

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Absolutely spot on FiFo! There are a few groups in FleetStreet that JUST trade the 8 o'clock open. Very dangerous but there are some trends common to that time. Most of those traders are bald by 25 yrs old.

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Good morning Nizar (is that your first name and OK to use??) It is interesting how price is dancing either side of your unknown limit area. I think the smart money is playing with it for now. I will wait out the first 30 - 60 minutes. Thanks again ...

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Good morning Jack, I'm with you on this one. I think we are seeing a smart money accumulation. Could take some time with slow consolidation and wash and rinse before moving back up. Just my thoughts at the moment. Will watch for confirmation.

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Just what I was thinking. I have seen these formation do exactly that. The hourly price versus MACD is confirming that with a divergence building. However the hourly 64Ma is holding the move up for now.

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