Enjoy your weekend matt.
Thank You
Better-than-the-wormhole 555 replies
Dislikedyo eo!
hey man how the hell have you been? no ... actually where the hell have you been brother?
Yea, we'll get thereIgnored
DislikedI'm buried in a whole lot of personal shit! It's getting worked out though.
Still trading as usual, been trading EJ right along with GU just as much intraday as of late and loving the hell out of it. Pippage is nice!
How you been brother?Ignored
DislikedHi Azim,
Ok, haven't posted here for a while - been trading lol......Ignored
DislikedThose who saying it a short squeeze must understand that we had 133 days of consolidation hence we can expect a breakout like this i expect more continuous move upside and more sharp move when we break last defense. I believe more then 1200 pips. Here still buyers are in total control and we heading firmly to the last defense. Those who are loading shorts must be aware they are screwed better sideline i suggest.
Here is my view for cableIgnored
Dislikedlol. Exactly why I stopped wasting my time with "Interactive Trading". Everyone has a perfect explanation for everything that's happenning. What exactly is a "Short Squeeze" in forex, kind sir? Did someone just make an offer to buy out the entire circulation of pounds? or is everyone trying to get out of their short futures position to avoid delivery of pounds? FX futures are cash-settled, so they're not susceptible to short squeezes. Even if this were the case, the spot market is thousands of times larger than the futures market.Ignored
Dislikedi may be a newbie here but my understanding is all these should be left for 'interactive trading' subforum. here we share our trades and reasons for taking them as well as discuss what could be improved. so fellas, let's keep strictly to that.
no more 'intelligent' explanations please?Ignored
DislikedOf course short squeezes occur in the spot market as large numbers of stops are triggered, which exerts more upward pressure and momentum on the underlying price.
The very fact that stops, and option barriers, are often clustered at or just above key areas of resistance (something which cannot be denied) would logically suggest that additional buying pressure would ensue, should price breach these aforementioned areas.
The additional flurry of buy orders that inevitably occurs - as weak and existing shorts are hurriedly covered (to avoid greater...Ignored
Disliked1. Stops getting triggered is not the same as a short squeeze. Stop hunting occurs as a quick spike. Not something that happens over a period of a few days. Remember Volkswagon last year or early this year? Front month crude earlier this year?
2. No large sane options trader trades deltas. They're either delta hedged, or they only care about what happens a few months from now. The two largest types of options traders (pick underlying instrument) are market makers and big banks. MMs are delta hedged. Banks don't care about day to day price moves....Ignored
Dislikedi may be a newbie here but my understanding is all these should be left for 'interactive trading' subforum. here we share our trades and reasons for taking them as well as discuss what could be improved. so fellas, let's keep strictly to that.
no more 'intelligent' explanations please?Ignored
DislikedAzim is a good friend of mine who actively encourages me to post on this thread. It is Sunday, the market is closed, so I deem that such discussion is healthy and does not occupy too much space.
However, if Azim thinks otherwise, then I shall respect his wishes, given that he, not you, is the owner of the thread, and not make any further posts. If you think otherwise, then simply do not read the offending contributions.
Good luck.Ignored
DislikedHi Azim,
Ok, haven't posted here for a while - been trading lol......This is my current view of Cable tho....
FLAT ---- Don't like current PA and can't bring myself to buy either the pound or Dollar - they are both basket cases IMHO....
I think it'll range for possibly an extended period so I may just trade the range between the S/r drawn on the chart in orange and green.
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