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GBPUSD: Big Fundamentals - New Brexit Deal this weekend?We could be a kicking off the week with a lot of GBP movement if there is a new trade deal reached between the UK and Europe over the Northern Ireland Protocol. Today, Dominic Raab (the UK Deputy PM) told the BBC that the 'UK is on the cusp' of securing a new Brexit deal on Northern Ireland. I'm also seeing GU decline slowing and possibly at the end of it's retracement, DXY also seems to be slowing (it doesn't seem to matter how well their economy is doing, the bears seem to be in control for now), so I'm looking for longs on this pair at the start of next week. We should test recent highs around 1.24 and a break through would open the door to test the 1.26's. If a new Brexit deal is reached this weekend I expect a quick uplift, but I think 'being close to a deal' is enough to see this pair grow over the coming days. This trade gives a 1:3 RR minimum if it works out, I'll be keeping a close eye on the news and the Asian open later!
Long
by Finchcliffe
1
Aspects to Market Maker Modeling from a Retail Perspective 3Market makers' provision of liquidity is a complex system that involves managing an aggregate of securities and derivatives that are readily available to be cashed on spot. Market makers use different market approaches to manage their inventory, such as bid-ask spread, order flow, and algorithmic trading strategies. These approaches allow market makers to make a profit by providing liquidity to the market, while also mitigating risk and ensuring that they have enough inventory to meet the demand of market participants. Market making is a highly competitive business, market makers need to be able to generate a profit in order to remain in the market. They also need to be able to anticipate and respond to changes in market conditions, economic conditions, and regulations in order to remain profitable in the long term. Market makers can create inventory artificially by using a variety of strategies. One common strategy is to use algorithmic trading systems to generate large numbers of buy and sell orders in the market. These orders can create the appearance of increased demand for a particular security, which can push prices higher. Another strategy is to use derivatives such as options or futures contracts to create synthetic positions in a security. This allows market makers to take a position in a security without actually owning the underlying asset, creating the appearance of increased demand and driving prices higher. It's worth noting that creating inventory artificially is not illegal, but it is heavily regulated by the financial authorities, and market makers are subject to strict rules and regulations to ensure that these practices do not harm the market or its participants. In summary, market makers can create inventory artificially by using algorithmic trading systems to generate large numbers of buy and sell orders in the market, or by using derivatives such as options or futures contracts to create synthetic positions in a security, this allows market makers to take a position in a security without actually owning the underlying asset, creating the appearance of increased demand and driving prices higher, but it is heavily regulated by the financial authorities, and market makers are subject to strict rules and regulations to ensure that these practices do not harm the market or its participants.
Short
by NQQuan
1
Still Bearish On The Pound, Check my Last Idea for ProofMarket makers' provision of liquidity is a complex system that involves managing an aggregate of securities and derivatives that are readily available to be cashed on spot. Market makers use different market approaches to manage their inventory, such as bid-ask spread, order flow, and algorithmic trading strategies. These approaches allow market makers to make a profit by providing liquidity to the market, while also mitigating risk and ensuring that they have enough inventory to meet the demand of market participants. Market making is a highly competitive business, market makers need to be able to generate a profit in order to remain in the market. They also need to be able to anticipate and respond to changes in market conditions, economic conditions, and regulations in order to remain profitable in the long term. Market makers can create inventory artificially by using a variety of strategies. One common strategy is to use algorithmic trading systems to generate large numbers of buy and sell orders in the market. These orders can create the appearance of increased demand for a particular security, which can push prices higher. Another strategy is to use derivatives such as options or futures contracts to create synthetic positions in a security. This allows market makers to take a position in a security without actually owning the underlying asset, creating the appearance of increased demand and driving prices higher. It's worth noting that creating inventory artificially is not illegal, but it is heavily regulated by the financial authorities, and market makers are subject to strict rules and regulations to ensure that these practices do not harm the market or its participants. In summary, market makers can create inventory artificially by using algorithmic trading systems to generate large numbers of buy and sell orders in the market, or by using derivatives such as options or futures contracts to create synthetic positions in a security, this allows market makers to take a position in a security without actually owning the underlying asset, creating the appearance of increased demand and driving prices higher, but it is heavily regulated by the financial authorities, and market makers are subject to strict rules and regulations to ensure that these practices do not harm the market or its participants.
Short
by NQQuan
1
GBPUSD Sell SetupVery nice, Price gave a different form of bearish pattern. At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and then give a 350pip drop. 5mins to 15mins CHoCH is the key for a good entry to sell after the retest. I would also be watching for an opportunity to buy to the sell zone. **As always, Trade cautiously.
Short
by SwingingPrime
3
GBPUSD - ShortGU is following the flow, being a bit more resilient thant euro, but still, it's beeing hit pretty hard by dollar strenght. But, this trade could be taken just looking at TA, I entered it last thursday night after the wick that came to retest the 50% Fib level and the trendline, but, I still believe an entry could be made on the last daily candle. For those working on smaller TF, just look for retracement, break and retest, make sure you gat a 2:1 RR at least and go! Like every trade, it might not make it but hey, if you're being consistent on your entries rules then, probabilities will fall in your favor with time. I think this trade is falling into my requirements. Why am I shorting GU : 1) Strong selling pressure on GBP/strong buying pressure on USD 2) GBP made a strong downward movement, 3) it retraced to 50% FIB 4) it broke and retested the trendline it was in since last october. 5) my TP is above next support @ 1800ish + level Let's keep on riding this one! Cheers and safe trading! Leave your comments!
Short
by aemerydufoug