Summary
Innovative Tape Reading and Order Book Techniques Since massive irruption of HFT machines (High Frequency Trading) has changed the classical way of Market Understanding, advance Innovative Techniques are required to adapt to this recent changes. In order to achieve a successful trading performance, particularly in the shorter timeframes like Scalping, modern strategies like Tape Reading, Order Flow Reading, or Order Book Reading, have proved to be effective to reach this goal. Predatory Algorithms, need to fill thousands of Orders every millisecond, their activity, will provide us with an excellent starting point, as their big Volume Orders, will leave a Footprint that we can use to trigger our piggy-back System. When Reading the Tape in Real Time, and matching this information with the Resting Orders (Order Book), we can isolate most of the HFT Patterns like Absorption, Spoofing, Stuffing, Dangling, Pack-Hunting, etc... We will use the Market Profile Auction Theory in conjunction with Innovative Systems, to develop a successful Low Risk High Probability Set Up's to be profitable in our Trading.Latest Live Videos
Editors’ Picks
EUR/USD weakens to near 1.1900 as traders eye US data
EUR/USD eases to near 1.1900 in Tuesday's European trading hours, snapping the two-day winning streak. Markets turn cautious, lifting the haven demand for the US Dollar ahead of the release of key US economic data, including Retail Sales and ADP Employment Change 4-week average.
GBP/USD stays in the red below 1.3700 on renewed USD demand
GBP/USD trades on a weaker note below 1.3700 in the European session on Tuesday. The pair faces challenges due to renewed US Dollar demand, UK political risks and rising expectations of a March Bank of England rate cut. The immediate focus is now on the US Retail Sales data.
Gold sticks to modest losses above $5,000 ahead of US data
Gold sticks to modest intraday losses through the first half of the European session, though it holds comfortably above the $5,000 psychological mark and the daily swing low. The outcome of Japan's snap election on Sunday removes political uncertainty, which along with signs of easing tensions in the Middle East, remains supportive of the upbeat market mood. This turns out to be a key factor exerting downward pressure on the safe-haven precious metal.
Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals
Bitcoin Cash trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.
Follow the money, what USD/JPY in Tokyo is really telling you
Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.
Here is what you need to know on Tuesday, February 10:
The USD stays resilient against its rivals early Tuesday after suffering large losses on Monday. The US economic calendar will feature Export Price Index, Import Price Index and Retail Sales data for December. Additionally, several Fed policymakers will be delivering speeches.