Nevertheless, bears are in control for now.
You don't know because you don't ask.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedretail traders: don't have to file a report for COT, small shares = dump money non-commercial: have to file daily report for COT, have no direct business interests in the commodity(profit motive), large positions = smart money commercial: have to file daily report for COT, direct business interests in the commodity, hedge for protection(defensive motive) = nothing smart about that cheers,Ignored
Disliked{quote} It is the commercial traders who are known as the "smart money". (assuming this is accurate info) https://www.investopedia.com/terms/c...ialtraders.asp "Many traders view the commercial traders as the "smart money" since the commercial traders are working in the actual commodity industry, and have insights into how that industry is doing based on what they see happening in the company around them".Ignored
Disliked{quote} It is the commercial traders who are known as the "smart money". (assuming this is accurate info) https://www.investopedia.com/terms/c...ialtraders.asp "Many traders view the commercial traders as the "smart money" since the commercial traders are working in the actual commodity industry, and have insights into how that industry is doing based on what they see happening in the company around them".Ignored
Disliked{quote} commercials are producers, merchants, processors, and users of a commodity. they don't pump liquidity into the market, they are in business of the commodity. liquidity comes from hedge funds and large financial institutions(non-commercial) trading commodities they don't own.Ignored
Disliked{quote} Yes, that description of what a commercial trader is, is in the link. Neverthelss, it refers to them as the "smart money" It also says: "Commercial traders represent a large portion of the total futures market and as such are primary influencers of commodity prices". It also says commercial traders can refer to someone who trades on behalf of a large institution such as a bank.Ignored
Disliked{quote} you are looking at the commercial traders page and I'm looking at the non-commercials Non-Commercial Trader Definition (investopedia.com) {image} cheers,Ignored
Disliked{quote} let's agree on dump money=retail traders then it does not matter if both commercial and non-commercial are smart moneyIgnored
Disliked{quote} I think you misread my post. Reversing the tightening program, means becoming accomodative again.Ignored
DislikedWe have good resistance on daily/monthly at 1.3730-40s, a close below 1.35 on monthly is crucial to demolish bulls hopes seen on weekly chart especially after strong support pattern showed at 1.3150sIgnored
DislikedBTC is priced in USD. So it makes sense that they generally move in opposite directions to each other. It's meant as a hedge against currency devaluation. {image} {image}Ignored
Disliked{quote} Sorry for the misunderstanding mate. Well they will get accomodative again one day, but we will see when. And that's when crypto will revive again.Ignored
Disliked{quote} its compared to the $ but you can convert tether to bitcoin ,which would be ok/ideal if tether was actually backed 1to 1 {image}Ignored
Disliked{quote} Yes, I'm not commenting on legitimacy of cryptos or anything though. Just commenting that btc is more a protection against USD currency devaluation as a result of being priced in USD.Ignored