Cable Update (GBPUSD)
{quote} The bulls are not at these levels... This is pure distribution of their positions taken at 1.38 ...Time for a second run where real buyers are located.Smart money don't but at top as pension funds don't buy above VWAP or whatever benchmark are using.
{quote} Can you provide a screenshot of your latest algo levels? Thanks.
... i always monitor interconnections etc..have in front of my eyes 48 different instruments all the time.
My prop trading account {image}
Stoped at BE
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. Buyers seem exhausted with limited bull power. Buy SELL BUY sell BUY BUY SELL SELL 
{quote} Pension funds will only buy/sell currency to hedge equity returns from the local currency, in general they won't take speculative positions on currency (unless it's through a hedge fund) so they don't care about the level (I used to be an investment consultant for some large institutional funds)
...unless they don't trade for profits {quote} i didn't refer to currencies but generally speaking,every big investor expect to have the best execution above/below whatever benchmark are using to cover trade costs ... there are lot of money involved in this equation.
{quote}
...volume of stop runs on tick data from a market makers perspective , algorithmic simulation.
