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Cable Update (GBPUSD)

  • #204,561
  • Mar 9, 2010 10:09am Mar 9, 2010 10:09am
Quoting cloggie
4975 caressed and PA was scared and jumped right of it, will keep an eye on that for possible further travel south
Going, going, gone!
  • #204,562
  • Mar 9, 2010 10:09am Mar 9, 2010 10:09am
i think there's more room for downward movement based on my chart posted earlier
  • #204,563
  • Mar 9, 2010 10:11am Mar 9, 2010 10:11am
Quoting cloggie
The levels I am keeping my eye on are: 4928, 4853 and 4782

Upside resistances for me are: 4975, 4992 and 5027
Still stands.
  • #204,564
  • Mar 9, 2010 10:18am Mar 9, 2010 10:18am
Quoting cloggie
Still stands.
Don't forget minor support at 14940
  • #204,565
  • Mar 9, 2010 10:19am Mar 9, 2010 10:19am
Quoting bbakker
Don't forget minor support at 14940

I show minor at 49350 being the 1430 GMT low
  • #204,566
  • Mar 9, 2010 10:24am Mar 9, 2010 10:24am
Quoting cloggie
I show minor at 49350 being the 1430 GMT low
What's a few pips between friends . I cashed out my long @ 14975 and gone back to short @ 14972. Will top up if it does break 14935
  • #204,567
  • Mar 9, 2010 10:32am Mar 9, 2010 10:32am
I SEE, doublr bottom on 4h, but dont know wat it means..
never run after pips, let pips just come to you
  • #204,568
  • Mar 9, 2010 10:44am Mar 9, 2010 10:44am
Quoting kingfisher
$ 15 million shorts at 1.60- 1.62

$ 45 million shorts at 1.55-1.57

$ 25 million shorts at 1.50-1.52 (last 2 days)

No shorts have been covered yet. Short covering target is 1.40.


As per my trader friend who works in Institutional sales in UBS London, soros fund management LLC will not take any further shorts till 1.45.
This information shouldn't be taken seriously. I'm sorry, but this is a joke.

Firstly, does your "friend" really believe that Soros would reveal his FX trading strategies with outsiders, namely that they will take no further shorts until 1.45? There is no way, I repeat not a chance in hell, that any representative from his funds will disclose such market sensitive information with the sales and trading desk of the investment bank who will be taking the other side of the position.... Why would a man of his experience voluntarilty reveal his hand in such a crass fashion, enabling the intent of the fund to be read the next time they call the FX sales desk?

Secondly, Soros Fund Management LLC have credit lines with dozens of investment banks, meaning only a fraction of their business will go through UBS.

Finally, UBS will be unaware of what positions he has elsewhere in the market, unless they are the sole prime broker for the fund - in which case their prime brokerage support area would not be allowed to disclose positions to the sales desk under any circumstances (AMS can verify this part about Chinese walls and the like).
  • #204,569
  • Mar 9, 2010 10:50am Mar 9, 2010 10:50am
Closed my short, back long on the retrace
  • #204,570
  • Mar 9, 2010 10:52am Mar 9, 2010 10:52am
Quoting bbakker
What's a few pips between friends . I cashed out my long @ 14975 and gone back to short @ 14972. Will top up if it does break 14935
That one went a bit Pete Tong!
  • #204,571
  • Mar 9, 2010 10:55am Mar 9, 2010 10:55am
http://www.fxcbs.com/newsletter/dail...-analysis.html
  • #204,572
  • Mar 9, 2010 10:57am Mar 9, 2010 10:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Same thoughts Paul!

My first take is, if something is revealed that easy, you'd expect exactly opposite of that.

PB wouldn't let right hand know what the left one is doing, and we are talking of a very reputed bank here.

What's there which is not visible on charts anyway.

Guy must have had his reasons so I thank'd him for the info

ta
ams


Quoting gammase1
This information shouldn't be taken seriously. I'm sorry, but this is a joke.

Firstly, does your "friend" really believe that Soros would reveal his FX trading strategies with outsiders, namely that they will take no further shorts until 1.45? There is no way, I repeat not a chance in hell, that any representative from his funds will disclose such market sensitive information with the sales and trading desk of the investment bank who will be taking the other side of the position.... Why would a man of his experience voluntarilty reveal his hand...
  • #204,573
  • Mar 9, 2010 11:09am Mar 9, 2010 11:09am
could it be she is going back to 4950 ?
  • #204,574
  • Mar 9, 2010 11:10am Mar 9, 2010 11:10am
Quoting cloggie
Closed my short, back long on the retrace
How far back will it retrace though? From yesterday's high to today's low, I make it 15034 (61.8%), although it is stuggling to break 15000. Maybe Soros has some shorts there I am staying out for now (apart from my short at 15070)
  • #204,575
  • Mar 9, 2010 11:13am Mar 9, 2010 11:13am
Quoting bbakker
How far back will it retrace though? From yesterday's high to today's low, I make it 15034 (61.8%), although it is stuggling to break 15000. Maybe Soros has some shorts there I am staying out for now (apart from my short at 15070)

She may just be running out of steam now. Good place for Soros to add to his shorts....

I closed my earlier long from 9826 at 9981 for a measly 16 pips, waiting to see where the action takes us from here.

M5 and M15 are in the middle of an uptrend channel with no sense of direction.
  • #204,576
  • Mar 9, 2010 11:26am Mar 9, 2010 11:26am
Looks like the bears are winning the battle at this level. I am not entering yet, don't want to be caught by a fake-out; 20 minutes of paint drying so far.
  • #204,577
  • Mar 9, 2010 11:33am Mar 9, 2010 11:33am
same, i closed mine with +10 pip. looking to enter long now
  • #204,578
  • Mar 9, 2010 11:35am Mar 9, 2010 11:35am
them there descending tails on the 1 hour candles are pretty big

praps there are longs out there snapping cable up

still out at the mo but musing

I find musing amusing while I am having my coffee and bagel
  • #204,579
  • Mar 9, 2010 11:40am Mar 9, 2010 11:40am
Quoting cloggie
Looks like the bears are winning the battle at this level. I am not entering yet, don't want to be caught by a fake-out; 20 minutes of paint drying so far.
I can't see any action until either NY closes, or Asia opens. Time to give my eyes a rest . I have placed a short order to open @ 15020 with a stop loss of 20. Time to leave work soon... and sink a few tinnies tonight. Well, it is the missus' night out tonight, while I look after my kids who will be tucked up in bed.
  • #204,580
  • Mar 9, 2010 11:51am Mar 9, 2010 11:51am
Quoting bbakker
I can't see any action until either NY closes, or Asia opens. Time to give my eyes a rest . I have placed a short order to open @ 15020 with a stop loss of 20. Time to leave work soon... and sink a few tinnies tonight. Well, it is the missus' night out tonight, while I look after my kids who will be tucked up in bed.

I am still keeping an eye on the action. I spend all day on the screens.
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