codefx
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Hi All,
I was watching this GBP/JPY tick chart today while at work: 1forge.com/tick-chart/GBPJPY
I know it's hard with broker's spreads to profit on such a short time frame, but, I noticed some things.
I was watching this GBP/JPY tick chart today while at work: 1forge.com/tick-chart/GBPJPY
I know it's hard with broker's spreads to profit on such a short time frame, but, I noticed some things.
- You can get a good idea of buy/sell pressure by paying attention to who is pushing who. For example, if the bid is pushing up again the ask, or visa versa, if the ask is pressing against the bid.
- I noticed, before a big move this morning on the AUD/CAD, the ask stayed below the bid for 5+ seconds, then retreated for 5 - 10 seconds, then the pair dropped significantly.