Cable Update (GBPUSD) | Page 10254 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #205,061
  • Mar 11, 2010 3:03am Mar 11, 2010 3:03am
Any ideas of where a breakout above 1.5000 goes. From this forum along with others it seems that lots of shorts are stopped around the 1.5000 figure. Do we pop to 1.5020 and than break down again? Or is a move to 1.51 imminent?

I can't figure this one out.
  • #205,062
  • Mar 11, 2010 3:03am Mar 11, 2010 3:03am
i dont think kigfisher is that wrong. soros, buffet, gates etc, dont do their own trading anymore. they dont pick up the phone to the bank and say buy or sell at this level, or go to their terminals and place a trade.

they do have fund managers (either on their own employ, or trusted managers) to execute the trades. fund managers execute the trades on his orders or they have trigger instructions and might also have fund limits which they can trade of their own judgement.

i have no doubt soros has his own views on cable or any pair and not even his trusted lieutenants might be privy to those views.

but to say that soros actually places buy/trade orders with the broker is not correct.

Quoting Geppyg
This is the joke of the century...soros using junior institutional sales guys.....
Mate tell you friend to stop feeding you information that even a dumb trader would never agree to........This has got to become my signature.........

Matey Never believe anything like that....
  • #205,063
  • Mar 11, 2010 3:08am Mar 11, 2010 3:08am
Quote
Come on, it's obvious that Soros doesn't call a junior institutional sales guys to deal in the "small" amounts that you mentioned the other day.

Your friend is talking absolute rubbish. Please take what he says with a large pinch of salt, seriously. I worked for a bank that also dealt with Soros's funds and we never had a clue as to what his (the funds') short, medium or longer term intentions were. There is no way your friend, or any salesperson for that matter, would be privy to this information, I promise you that.

Trade well, friend.

Friend, i respect your views. But you should know one thing- The hedge funds are 'decision makers'. Their decisions are routed through top 10 clearing house.

$ 85 million is a notional amount of shorts. UBS gives 1:5 leverage to Soros Fund Management LLC, so total shorts on UBS books is around $ 450 million.

I hope you know who is a Brian Hunter- Young Millionaire Calgary based energy trader.

The 2006 $ 1 billion short bet in natural gas by Brain hunter was routed through JP morgan clearing house and JP morgan guys knew he was short in the natural gas market.

The bet didnt worked out leading to collapse of Amarnath trading firm. Just by having a bet does not mean it will work out.

The basic is: Every hedge fund manager routes his order through a clearing house.

You have a different view of it and i respect and accept it.
  • #205,064
  • Mar 11, 2010 3:15am Mar 11, 2010 3:15am
Firmly rejected off 1.4990 yet again. This narrow band continues..
{Promotion Removed}
  • #205,065
  • Mar 11, 2010 3:17am Mar 11, 2010 3:17am
Quoting kingfisher
Friend, i respect your views. But you should know one thing- The hedge funds are 'decision makers'. Their decisions are routed through top 10 clearing house.

$ 85 million is a notional amount of shorts. UBS gives 1:5 leverage to Soros Fund Management LLC, so total shorts on UBS books is around $ 450 million.

I hope you know who is a Brian Hunter- Young Millionaire Calgary based energy trader.

The 2006 $ 1 billion short bet in natural gas by Brain hunter was routed through JP morgan clearing house and JP morgan guys knew he was short in the...
I fully understand, through first-hand experience, how hedge funds access the markets through the use of prime brokers - who are either large clearers or de-facto investment banks. There is no need for someone on this forum to explain the mechanics of this market to me, but thanks anyway.

My point is that nobody in any hedge fund would so stupidly reveal their trading intentions to a salesperson, as you claimed a representative(s) for Soros's fund had done so to your buddy at UBS. This part is b/s. There is no way that a trader from his fund would say "we will take profit at X.XX and add to our short position at X.XX". They will never reveal their intentions to the party that will sit on the other side of the trade.

UBS provide a credit line to his fund, as do most of the other major houses, so your friend only sees a small piece of the picture.
Let's move on from this. Your friend does not know the intention of Soros and that is a fact.

Trade well.
  • #205,066
  • Mar 11, 2010 3:18am Mar 11, 2010 3:18am
Quote
i dont think kigfisher is that wrong. soros, buffet, gates etc, dont do their own trading anymore. they dont pick up the phone to the bank and say buy or sell at this level, or go to their terminals and place a trade.

they do have fund managers (either on their own employ, or trusted managers) to execute the trades. fund managers execute the trades on his orders or they have trigger instructions and might also have fund limits which they can trade of their own judgement.

i have no doubt soros has his own views on cable or any pair and not even...

Yup mate. Traders working in hedge funds put orders by contacting the clearing house. Simple thing.

In house Risk management experts monitor those orders.

Hedge fund managers take the decision when to short and when to long.
  • #205,067
  • Mar 11, 2010 3:21am Mar 11, 2010 3:21am
http://img39.imageshack.us/img39/949...f697743732.gif
  • #205,068
  • Mar 11, 2010 3:21am Mar 11, 2010 3:21am
I'm leaning more on the bearish side at the moment.

Fundamentally, there's nothing to suggest that the pound will rise anytime soon, at least it's not in their best interests anyway.

Technically, we will a rising wedge on the hourly, which I'm leaning on it breaking towards the downside as soon as soon as it runs out of room.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 171 KB
  • #205,069
  • Mar 11, 2010 3:23am Mar 11, 2010 3:23am
Hi,

My name is Ben Bernanke and I am a new trader here. I do have a long history within the financial, planning, and government markets. My friend George S. told me I can learn to trade here. I have real good information that US interest rates will go to 4.5% in a surprise release tomorrow. What do you think I should do?

Ben
  • #205,070
  • Mar 11, 2010 3:25am Mar 11, 2010 3:25am
I'm holding my long for a scalp
  • #205,071
  • Mar 11, 2010 3:27am Mar 11, 2010 3:27am
Quoting coolshades
i dont think kigfisher is that wrong. soros, buffet, gates etc, dont do their own trading anymore. they dont pick up the phone...
In short...
Mate If am planning to short cable....so I would trust other HF's to even smell what I am about to do with x billion .....dont think so...( this is all my point is not here to argue or anything)
Let Price determine your future!
  • #205,072
  • Mar 11, 2010 3:28am Mar 11, 2010 3:28am
Quoting Ctic
Hi,

My name is Ben Bernanke and I am a new trader here. I do have a long history within the financial, planning, and government markets. My friend George S. told me I can learn to trade here. I have real good information that US interest rates will go to 4.5% in a surprise release tomorrow. What do you think I should do?

Ben
welcome to the house
Attached Image
  • #205,073
  • Mar 11, 2010 3:29am Mar 11, 2010 3:29am
Quote
Firmly rejected off 1.4990 yet again. This narrow band continues..

From june 3, 2009 to sept 3, 2009- EUR/USD stalled. It moved in 400 pips range in these 3 months.

Violent moves followed by a stall is an inherent behaviour in the markets.
  • #205,074
  • Mar 11, 2010 3:29am Mar 11, 2010 3:29am
I am long and short ....not saying off what price levels as want to confuse the pros looking into my computer as it seems every time I place a trade they come for my stop...lol
Blogging daily now at www.volume.zone
  • #205,075
  • Mar 11, 2010 3:32am Mar 11, 2010 3:32am
Quoting malcolmb14
I am long and short ....not saying off what price levels as want to confuse the pros looking into my computer as it seems every time I place a trade they come for my stop...lol
Good Morning Malc,

What you still doing up..hope all is well and you are enjoying trading with those big boys....
Have you been to india yet or not ?

Take Care

Geppyg
Let Price determine your future!
  • #205,076
  • Mar 11, 2010 3:34am Mar 11, 2010 3:34am
Quoting Lordpip
I'm holding my long for a scalp
New high of the day !
Target .5030
  • #205,077
  • Mar 11, 2010 3:36am Mar 11, 2010 3:36am
Quoting malcolmb14
all depends on charting package and how you draw that tl

it was tested last week and we got an immediate 400 pip bounce off it.

Attachment
and how thick your line is.....this reminds me of when we navigated by sextant and paper charts and how much lead was in your pencil......i.e. if you were uncertain of the accuracy of your sights - sextant readings - you just used a thicker pencil to give yourself a "fumble factor".......


Interesting to see so many serious traders posting this morning.....as a more serious comment, its looking like there is an inverted head and shoulders on the hourly cable chart....
Trading Levels with WRBs
  • #205,078
  • Mar 11, 2010 3:38am Mar 11, 2010 3:38am
Quoting Lordpip
I'm holding my long for a scalp
Im long too I listened to a wise guy yesterday about my Trailing stop being too tight if I did not listen I would not be 36 pips up.
Thanks Tsar (I think he suggested 35-40)
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #205,079
  • Mar 11, 2010 3:44am Mar 11, 2010 3:44am
Quoting Ctic
Hi,

My name is Ben Bernanke and I am a new trader here. I do have a long history within the financial, planning, and government markets. My friend George S. told me I can learn to trade here. I have real good information that US interest rates will go to 4.5% in a surprise release tomorrow. What do you think I should do?

Ben
Hi Ben. I'm the worm. You should follow me, martha & shittibank to 1.9
Thank You
  • #205,080
  • Mar 11, 2010 3:48am Mar 11, 2010 3:48am
Close my long at .5010 ! + 40 pips
877 traders viewing now, 3 are registered:
ndtrunghieu
,
lzuda20
,