...no market profiling is not abandoned I think your getting slightly confused mate....I know of a large proprietary firm that uses it as standard in all intraday analyasis. Market profiling does not contain magic or wizardry neither is it an ...

Cable Update (GBPUSD)

1400 gmt hourly candle formed as a high vol churn bar...shows supply entering around 1.39....classic topping pattern. This doesnt mean sell here but instead keep an eye on price as we can turn from here but I would want to see some down ...

GU, GJ and EU Analysis Thread

Thanks condor.....this will be a good one to hold once it materialises.....the negative Euro news doesnt seem to have phased the market over the last 2 months but its only a matter of time...I get the feeling we are in for a decent selloff very ...

GU, GJ and EU Analysis Thread

EU has broken the 4hr HnS neckline and retested at 1.3833...momentum has taken us back through resistance and the 1.39 area looks good as a reversal point....The only issue I see with jumping in earlier on this break of the HnS is you are going to ...

GU, GJ and EU Analysis Thread

So what your trying to tell everyone is you have made no money today on your demo account and someones got to deliver them news papers??? bye Stocky

Cable Update (GBPUSD)

Morning 50d, Glad you caught that drop to 1.58 area yesterday....It was unlikely them single prints were going to be left behind. US stocks (S&P500) are at stiff daily resistance around 1150...the rally does look tired to me so I expect some profit ...

GU, GJ and EU Analysis Thread

Hi 50d, I do use MP in all pairs....occasionally you will see me post MP analysis on other pairs if you go through my posts but due to available time I try and stick to posting intraday analysis on GU. If you have any MP queries on other pairs feel ...

GU, GJ and EU Analysis Thread

good to see you back condor! Stocky

GU, GJ and EU Analysis Thread

EU — Few EU charts.....I see a reversal pattern occuring. Given we are at the 61.8 retrace of the drop since 1.5145. We have been ranging over the last 2 weeks on the daily between 1.38 and 1.41. There is obvious supply entering around here ...

GU, GJ and EU Analysis Thread

watch the single prints below 5830 down to 1.58....although not a bad place to continue this up move given we have a daily profile length of 200pip and the hrly 200ma at 5830 also 38.2 of todays rise im reluctant to think we will make new highs ...

GU, GJ and EU Analysis Thread

Hi Jaws, With all due respect this is NOT a 'scalpers dream system' but more like a 'scalpers nightmare’. I have traded for a number years which includes professional high frequency proprietary trading and I can confirm anyone following this system ...

The Scalpers Dream

2 consecutive Climax down bars followed by a high volume churn at 1.57 indicating demand entering....Early signs for a retracement. I would expect Asia and NY traders to push price up 5850 area (61.8 fib) so they can sell at a discount tomorrow ...

GU, GJ and EU Analysis Thread

So we have traded down to 5700 area without hardly a pullback...I expect some reversal or retracement around this level....we have single prints located below 5700 at 5680 and 5643.....A spike down to clear them would be a good target for those ...

GU, GJ and EU Analysis Thread

Follow on from previous post... Fridays announcement on further QE measures for the U.S gave the spike through to 1.6067 upto 1.61 which I have been waiting for....we saw major selling by the institutions into the high volume which is a strong ...

GU, GJ and EU Analysis Thread

Have a good weekend all!! Stocky

GU, GJ and EU Analysis Thread

Forgot to say earlier...congratulations on getting married. That long trade should allow for a room upgrade on the honeymoon..lol Im biting the dust in January..lol Stocky

GU, GJ and EU Analysis Thread

Hi Smikester, Glad you got in on some nice long positions aswell....it hasnt been easy holding them for me by any means but paitence has paid well in this case. NFP's just out worse than expected which should help us rise now...Im not convinced our ...

GU, GJ and EU Analysis Thread

Hi 50d, Well done on holding that position....great work .... Incase you dont already, remember to trail your stop on the medium term positions and lock in profit along the way. Stocky

GU, GJ and EU Analysis Thread

support at 5815 seems to be holding for now...with the 15min forming a series of dojis it makes sense to think we may bounce of old hourly resistance now support 5815....especially with yesterdays thick bell profile looking tough to break ...

GU, GJ and EU Analysis Thread

Hi All, Sorry for not posting much over the last 2 weeks...I have been less active scalping intraday and instead letting some medium term Long positions run there course...Im Scalping occasionally throughout the day but GU is proving hard work with ...

GU, GJ and EU Analysis Thread