Annoying Precision
- #19,262
- Mar 17, 2010 10:26pm Mar 17, 2010 10:26pm
- | Joined Aug 2009 | Status: Trader | 2,585 Posts
Annoying Precision
- #19,263
- Mar 17, 2010 10:32pm Mar 17, 2010 10:32pm
Phew only tested 9232 day high, only a hair's breadth away. 
1st test at 9190s done. Now watching what the europeans will do with it. Still think we will see 9140s and maybe lower. Still keep stops just above 9230.
Does not seem a good idea to go long so close to the daily wedge resistance. Looking to cover shorts nearer to 9140s . If 9140s dun hold, we may be looking at 9080s, and will evaluate scaling in longs from there.
1st test at 9190s done. Now watching what the europeans will do with it. Still think we will see 9140s and maybe lower. Still keep stops just above 9230.
Does not seem a good idea to go long so close to the daily wedge resistance. Looking to cover shorts nearer to 9140s . If 9140s dun hold, we may be looking at 9080s, and will evaluate scaling in longs from there.
- #19,264
- Mar 17, 2010 10:43pm Mar 17, 2010 10:43pm
- | Joined Aug 2009 | Status: Trader | 2,585 Posts
Annoying Precision
- #19,268
- Mar 18, 2010 12:34am Mar 18, 2010 12:34am
The market appears to literally be toying around with shorts.
Hmm, i wonder if more stops are located above than below.
Will stand aside until I can better answer that question.
I'd like to see this pair close the day around 9150 which would indicate a retracement has began.
- #19,269
- Mar 18, 2010 12:46am Mar 18, 2010 12:46am
It seems that way but I think it's getting close to a reversal. Negative feedback from Merkel in eurozone may spark risk aversion and USD/CAD seems to have found a bottom, smack on a fib retracement.
I'd like to see this pair close the day around 9150 which would indicate a retracement has began.
Nice observation but I fancy an upswing to flush out "idle" and over leveraged positions.
As for usd/cad... I fancy another and perhaps final push south as large buyers seek to get in at a price not crowded by the retail lemmings. Its the more profitable thing to do.
Im very bullish on the us dollar in the medium and long term but I just cant help but to think the market is in greed mode.
Of course I could be wrong... (most likely)
In any event no trading for me tonight...feeling way tooo tired to scalp.
- #19,272
- Mar 18, 2010 2:14am Mar 18, 2010 2:14am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
I don't know how you saw that Squarepants! Let's see how it plays out.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #19,276
- Mar 18, 2010 2:58am Mar 18, 2010 2:58am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
It's not too much They are just different ways of calculating the average price for an instrument over a given period of time. VWAP is based on the volume traded and TWAP is a time series average..
Dealers will often give an undertaking to a client to hit the daily average, then keep the profit (or loss) difference for themselves. Clients like it because it simplifies portfolio management when building a large position over time.
They are just different ways of calculating the average price for an instrument over a given period of time. VWAP is based on the volume traded and TWAP is a time series average.. Dealers will often give an undertaking to a client to hit the daily average, then keep the profit (or loss) difference for themselves. Clients like it because it simplifies portfolio management when building a large position over time.
- #19,278
- Mar 18, 2010 3:13am Mar 18, 2010 3:13am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
It's not too much
Dealers will often give an undertaking to a client to hit the daily average, then keep the profit (or loss) difference for themselves. Clients like it because it simplifies portfolio management when building a large position over time.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
