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Cable Update (GBPUSD)

  • #23,921
  • Aug 13, 2007 5:58am Aug 13, 2007 5:58am
Quoting cesarnc
Just sharing information for those not trading techis bullrock. You got your models, I got mine.

You can think this is bullshit. But SEVERAL BILLION DOLLARS flowing from CBs into the market is not bullshit to me. Wasn't last week, is not now, never gonna be
Also I am part of those SEVERAL BILLION DOLLARS as I am working for a hedge fund but NEVER EVER make decisions based on NEWS.... Not even a tiny one.. That would blow us up... I am saying what I am saying.... That would undermine us...
.
  • #23,922
  • Aug 13, 2007 6:04am Aug 13, 2007 6:04am
Market's reaction is nearly slow... The value is released as expected; so, I think there'll be no need to worry about the reaction following it...

Technically speaking, the pair seems to have its resistance on 38.2% fibo on 1H chart...

Any idea?
Hello World
  • #23,923
  • Aug 13, 2007 6:04am Aug 13, 2007 6:04am
cpl snaps
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"Millionaires don't use astrology, billionaires do"
  • #23,924
  • Aug 13, 2007 6:05am Aug 13, 2007 6:05am
what happen !!!

i was thinking that Cable down to 2.0000!! is still valed?
  • #23,925
  • Aug 13, 2007 6:08am Aug 13, 2007 6:08am
Quoting SunTrader
Ok this is how I see things at the moment. Notice no MA's of any kind. :

Why no Ma's ? Clearly they show buying points res/sup on the big picture professional smart money traders
"Millionaires don't use astrology, billionaires do"
  • #23,926
  • Aug 13, 2007 6:08am Aug 13, 2007 6:08am
Quoting bullrock
Also I am part of those SEVERAL BILLION DOLLARS as I am working for a hedge fund but NEVER EVER make decisions based on NEWS.... Not even a tiny one.. That would blow us up... I am saying what I am saying.... That would undermine us...
Really, you work for a hedge fund and you are posting on little ole FF????

Why?
  • #23,927
  • Aug 13, 2007 6:09am Aug 13, 2007 6:09am
Quoting Abuawad
what happen !!!

i was thinking that Cable down to 2.0000!! is still valed?
Look for it as retracement...
Hello World
  • #23,928
  • Aug 13, 2007 6:10am Aug 13, 2007 6:10am
Quoting SunTrader
Really, you work for a hedge fund and you are posting on little ole FF????

Why?
This is my private fun... Interested... I am a quant developer as far as my job is concerned.... What I am doing here is totally different from my job so it is not clashing...
.
  • #23,929
  • Aug 13, 2007 6:11am Aug 13, 2007 6:11am
ceasarnc I did not want to offend you...
.
  • #23,930
  • Aug 13, 2007 6:12am Aug 13, 2007 6:12am
Quoting bullrock
Also I am part of those SEVERAL BILLION DOLLARS as I am working for a hedge fund but NEVER EVER make decisions based on NEWS.... Not even a tiny one.. That would blow us up... I am saying what I am saying.... That would undermine us...
I don't make decisions on news like those. But I try to stay ahead of what is coming up. That's trading... I mean, we can no longer short 2.0250 this morning, can we?

If newswires were reporting "another subprime fund collapsed", I would be acting otherwise on my trades... You damn well bet I would
  • #23,931
  • Aug 13, 2007 6:13am Aug 13, 2007 6:13am
Quoting OrionsWay
Why no Ma's ? Clearly they show buying points res/sup on the big picture professional smart money traders
You're not serious, are you?

Yes I know you are. But I see almost zero use for them other than knowing what others are looking at. And since the majority are wrong (most of the time) I don't bother with them.

Didn't you read Dynamic Trading when you got the software? Best trading book ever written IMO.
  • #23,932
  • Aug 13, 2007 6:14am Aug 13, 2007 6:14am
Quoting OrionsWay
Why no Ma's ? Clearly they show buying points res/sup on the big picture professional smart money traders
Really?? How do you know??
.
  • #23,933
  • Aug 13, 2007 6:15am Aug 13, 2007 6:15am
Quoting bullrock
ceasarnc I did not want to offend you...
Not taken... I admire high level discussions for they are able to make me change my mind. That's what I ultimately look for here...

What sucks is "target 2.1 tomora" kinda of stuff
  • #23,934
  • Aug 13, 2007 6:15am Aug 13, 2007 6:15am
Quoting bullrock
This is my private fun... Interested... I am a quant developer as far as my job is concerned.... What I am doing here is totally different from my job so it is not clashing...
C++ then?
  • #23,935
  • Aug 13, 2007 6:15am Aug 13, 2007 6:15am
Quoting cesarnc
I don't make decisions on news like those. But I try to stay ahead of what is coming up. That's trading... I mean, we can no longer short 2.0250 this morning, can we?

If newswires were reporting "another subprime fund collapsed", I would be acting otherwise on my trades... You damn well bet I would
I am still short... Hope there won't be any collapses....
.
  • #23,936
  • Aug 13, 2007 6:16am Aug 13, 2007 6:16am
Quoting SunTrader
C++ then?
Yep...
.
  • #23,937
  • Aug 13, 2007 6:16am Aug 13, 2007 6:16am
[quote=cesarnc;1535225]I don't make decisions on news like those. But I try to stay ahead of what is coming up. That's trading... I mean, we can no longer short 2.0250 this morning, can we?


Man, wouldnt that be fun if we could still short 2.0250 right now
  • #23,938
  • Aug 13, 2007 6:17am Aug 13, 2007 6:17am
Quoting cesarnc
Not taken... I admire high level discussions for they are able to make me change my mind. That's what I ultimately look for here...

What sucks is "target 2.1 tomora" kinda of stuff
.
  • #23,939
  • Aug 13, 2007 6:17am Aug 13, 2007 6:17am
hey guys, i am waiting 2.0175 to short, what is your idea?
  • #23,940
  • Aug 13, 2007 6:19am Aug 13, 2007 6:19am
Quoting bullrock
I am still short... Hope there won't be any collapses....
Tough day...

The chart is still showing bearish divergence, but retracement may bound to happen... I believe, trading today is tough, maybe we need to see the next candle to confirm the power / momentum of this trend. Suggest?
Hello World
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