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 tests 1.1800 barrier above 50-day EMA
EUR/USD gains ground after three days of losses, trading around 1.1790 during the Asian hours on Thursday. The 14-day Relative Strength Index momentum indicator at 47 (neutral) reflects easing momentum. The RSI below 50 keeps momentum balanced and could limit follow-through.
GBP/USD struggles near four-week low vs. USD, below 1.3500 amid BoE rate cut bets
The GBP/USD pair is seen consolidating its weekly losses registered over the past three days and oscillating in a narrow range near a four-week trough, touched during the Asians session on Thursday. Spot prices currently trade just below the 1.3500 psychological mark and seem vulnerable to slide further.
Gold consolidates below $5,000 amid geopolitical risk, hawkish FOMC Minutes
Gold extends its sideways consolidative price move through the Asian session on Thursday and remains below the $5,000 psychological mark as traders seem hesitant amid mixed cues. The US Dollar preserves its strong gains to over a one-week high in the wake of somewhat hawkish Minutes of the US Federal Reserve’s January monetary policy meeting.
Injective token surges over 13% following the approval of the mainnet upgrade proposal
Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments. The technical outlook suggests further gains if INJ breaks above key resistance.
Mixed UK inflation data no gamechanger for the Bank of England
Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.
Here is what you need to know on Thursday, February 19:
European Central Bank (ECB) President Christine Lagarde may step down from her job earlier than her planned retirement in October 2027, according to a report by the Financial Times.