I'm too lazy to post the chart, but take a look at the daily Sterling. If today is a minor down day, then it looks like we will have 3 black crows and I'll be prepared to go long if it breaks and closes above the high of the last crow. Anyone with me?
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
I believe it's the GMMA, guppy's multiple moving averages and it can be downloaded from the Metatrader forum indicators archive.
andersenws
Ignored
It is based on GMMA and HMMA idea... Trend Strength Indicator (or Rainbow Chart)...
I have not seen Metatrader indicator... I have posted Metatrader Template in other forums... This screen capture is on Oanda platform...
Wow!! I missed all the good stuff betweenst youse guys!!
Here's a scenario for the ages:
(1) Thursday, BOE raises interest rates .25 basis points;
(2) Interest rate raise catches market by "surprise", although tonight cable rises 75 pips;
(3) Due to rate increase at 7:00 est 12:00 gmt, Cable rises another 135 pips on Thursday for a total of 210 pips (Wednesday overnight plus Thursday);
(4) As I write this pillockian phantasy, current price: 1.9687 plus 210 pips = 1.9890 almost (okay I'm not a mathemetician and I didn't smoke banana peels or crack but I did smoke real pall mall cigarettes!);
(5) Cable sideways at 1.9890 - 1.9910 remainder of Thursday;
(6) Friday, NFP comes out, adds another 175 pips to cable's 1.9890 and gives me my cable at 2.000 and change.
Heh... I actually will be up at 4AM for the rate decision. I actually have a feeling, based on some action today, that the big boys are gearing up for something. Could be NFP. Could be a rate hike.
Heh... I actually will be up at 4AM for the rate decision. I actually have a feeling, based on some action today, that the big boys are gearing up for something. Could be NFP. Could be a rate hike.
Ignored
MrTrend my friend,
You'll be up because you never sleep!! And it could be both!
Anybody have much success using this type of information for an indicator of market movement?
GBPUSD - The ratio of longs to shorts is -2.52 as 71.6% of the currently open orders are short. Long orders are 21.9% higher than yesterday and 60.3% stronger since last week. Short orders are 6.0% higher than yesterday and 7.0% weaker since last week. Open interest is 10.1% stronger than yesterday and 5.7% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.
=GBPUSD - The ratio of longs to shorts is -2.52 as 71.6% of the currently open orders are short. Long orders are 21.9% higher than yesterday and 60.3% stronger since last week. Short orders are 6.0% higher than yesterday and 7.0% weaker since last week.
Ignored
Good post goodthings,
In other words, longs are quietly, steathily returning to the market, particularly while America sleeps. Why? Because as MrTrend my friend points out, "the big boys are gearing up for something".
Just information; not a recommendation. This information will either cost me two or three large or make me four or five large. Either way if it doesn't kill me, it only makes me stronger! Yeah boy.
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Joined Jul 2006
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Status: Senior Trader
|149 Posts
hey cable
I think you could be spot on with that scenario, one cable is being kept at a low enough level for the boe to raise rates, and i read somewhere that brokers are protecting themselves against a rise above 1.9750 by the end of non farms, Also the adp non farms didnt have much of a positive effect on the dollar, though quite a new indicator the number given was something to watch out for, Also more revisions to that 4.4% figure given last month
i entered a long on the dip yesterday, been waiting all week, this will secure my position until around 3/4.00 p.m. gmt on friday
and finally boe/ecb may indicate further rises, though some of these where priced in
The market giveth, and the market taketh away. Anybody catch this reversal move yesterday early, and if so, how? I'm interested to hear all opinions.
If you don't think it reversed and is now in a retrace, I'd like to know your thinking as well. All I can say myself is short it to death, use multiple lots, and profit when it feels right. This trend is now down! I made a little bit on the up, but I'm going to make a killing on the reversal!
Ignored
Actually on Monday I got pretty clear signals . See the graphic
Everything was pointing to a sell.
It didn't reach the support line I was anticipating, though, maybe next week
Anybody have much success using this type of information for an indicator of market movement?
GBPUSD - The ratio of longs to shorts is -2.52 as 71.6% of the currently open orders are short. Long orders are 21.9% higher than yesterday and 60.3% stronger since last week. Short orders are 6.0% higher than yesterday and 7.0% weaker since last week. Open interest is 10.1% stronger than yesterday and 5.7% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.
Ignored
Dude, where do you get that information. I would definatly would pay to attention to those numbers
China is in the wires again with its "USD risk" comments.
GBPUSD went up on that news. GBPUSD is now 1.9690s and climbing.
Perhaps it is not anymore about short term news like BOE and NFP but the larger USD slowdown.
Ignored
Hi Burger,
Some BIG hedge funds are bleeding out of their eyes, nose and mouths (plus another important orafice) at the moment.
Their carry trades are absolutely destroying their investors funds. There is over $550 Trillion dollars worth of carry trades in existance. The interest rate differentials are quickly disappearing and the hedge funds are all heading for the door.
These carry trades are now being unwound and the hedge funds are getting killed and the fear is feeding itself. The hedge funds keep selling their USD and buying their yen/Euro/GBP etc every time there is the slightest rally in the USD to try to limit their losses. There are massive losses taking place in your friendly neighbourhood hedge funds.
China is refusing to bail out the hedge funds (by buying USD) and has politely decided to stand on the sidelines and let this all sort itself out.
China will sit on the sidelines until the shakeout is over before pushing the back USD to a more appropriate level (1.2500- 1.3000). They have realised that even their Trillion dollar surplus is insufficient to stop the damage caused by the hedge funds' massive gambles on the carry trades.
Also, they will not be too disappointed at the failure of some US hedge funds (especially after the damage inflicted by them during the Asian financial crisis of the late 1990's that almost brought Asia to its knees).
This is going to get much more interesting before this is over!!!
