- Context: DX Us index show weakness.......GBP in strong trend.
- GBPUSD:( 25.5% Long and 74.5% Short) Retail trader data shows 25.5% of traders are net-long with the ratio of traders short to long at 3.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.
- We have weak high...
Yep so a stop order is usually a pending market order that only triggers once that price trades. Market psychology dictates that some prices are very likely to have a lot of stop orders waiting there, often much larger size than can be absorbed by the limit orders on the other side, this is why the price shoots up or down very quickly when the number of market...
Yep, another way to think of it is that if everyone was using limit orders (no one using market orders) the price would never move. Everyone would just be sat there on the bid (buyers) or the offer (sellers) looking at each other. It takes someone to trade at market (to buy from the offer or sell to the bid) to move the price. When you're trying to exit a position...
ABCDEFGHIJKLMNOP.....It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
====> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
A---B---C---D----E---F
Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
PLEASE IGNORE THE NOTES. I'm lazy when I have to write...
