Good luck trading this week my friends! Do your preparation!
Hi sirkay on looking at the GBP/AUD daily chart I don’t see an engulfing bar, have a look at panupat,s drawing above and you have good engulfing bar,good luck
Engulfing simply means second candle should engulf prior candle body only high and low of prior candle not important
At what exactly price you put your pending order?
Good Luck for everyone in new week 
For an engulfing bar in FSO methodology it is a requirement that the body and wicks of the previous candle are all engulfed, not just the body of the previous bar.
Entering EURSGD bullish engulfing which closed just above 1.710
Targeting the green lines.
I dont have EURSGD on my broker, care to share the typical spread on this pair?
thanks
Right now roughly 3 pips: 2.3 spread + 0.4 commission.
Hey guys, what do you think about this one. Only when it the actual bar will close as a pinbar.
Do we have too much traffic here?
You hadent waited for that last pinbar to close and it dident end up as a pinbar,well not on my charts anyway which are NY close, its not worth second guessing candles until they close .
That aside, there’s very little room moving into the first trouble area.
I use Axitrader and they are using NY Close.
good on you revile ,like ivano said bit iffy that one,happy trading
Dealers regularly validate price action signals to induce retail traders to take their unwanted inventory.
[QUOTE=“HiddenHandFX;631388”]<img src=“301 Moved Permanently”/> Dealers regularly validate price action signals to induce retail traders to take their unwanted inventory.[/QUOTE]
Can you be more specific or arrange a better image, as I cannot read it?
I think your possibly on the wrong forum here.
Hi
Dont understand your point here.
Please attach better picture.
Hopefully a bit clearer but let me know if you still can’t see the details. You’re looking at a GBP/USD weekly chart with disaggregated financial futures data above highlighting the net positions held by the Dealers (red line) and Leveraged Funds (blue line). Note that the Dealers are significantly long at the swing lows and short at the swing highs. Inversely, the Leveraged Funds are significantly long at the highs and short at the lows. Historical highs and lows are characterised by points of extreme divergence between these two market participants who are collectively responsible for the majority of traded volume. Note the current divergence. More to follow.
Please excuse me if I am but I feel that I may have something valuable to offer the discussion, which I believe is in regard to price action. In a Dealer Market an intermediary (Dealer) is required to absorb the buying and selling demands of market participants and then seeks to match these orders internally, resolving inventory imbalances via it’s own trading activities with both customers and dealers alike. This creates a two tier market, the dynamic of which is centred around the interaction between dealer and customer (Tier 1), with price discovery resolved in the 2nd Tier, the interdealer market. Dealers will regularly (everyday) validate price action signals to [U]induce[/U] traders into taking positions that lightens them of unwanted inventory and consequently this type of analysis can be a tricky game to play. This is sometimes referred to as the liquidity effect, which is just a fanciful expression for a D**k Turpin event. I mention it within this thread to simply help raise awareness.