Dislikedlol sorry, I've always called it that because to me it looks like a screw driver.Ignored
Cable Update (GBPUSD)
- #295,302
- Dec 21, 2011 4:32am Dec 21, 2011 4:32am
Sellers closing for profit but you know what I also think a lot of stops are being taken out here, this has been some violent move up and we still have a lot more to go. I'm eyeing 1.5800 - 1.5870 now! get out your trailing stops.
)From the fundamental side, Eu has started to work on those issues..but so far nothing major has done to solve the crisis. Recent blow was GB declaining to change the threety, but historically ..when GB decided not to help EU ..that went out good for EU. How sarcastic
)) The ''Merkozy'' team has yet to reach consensus about EBC, and i wonder who will become German minded, or French minded ? Germans or French ??
All in all, up moves ..at least for me, have to line up with fundies too.
But, i ll buy it in short terms ,when i see opportunity
- #295,303
- Dec 21, 2011 4:33am Dec 21, 2011 4:33am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #295,304
- Dec 21, 2011 4:35am Dec 21, 2011 4:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Well, we may have different point of view
On a bigger TF, this looks like a correction. Since ,this is the end of the year, and obviously ''some money'' is missing in the game, i am not convinced in changing of the trend. However, that doesnt stop me from buying it, when i see opportunity that is.
if big money is missing from the market why is the dailly range growing..big money moves the market and believe it is never absent..these people position trade, they dont scalp
but i dont know for sure just guessing
- #295,306
- Dec 21, 2011 4:41am Dec 21, 2011 4:41am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #295,307
- Dec 21, 2011 4:43am Dec 21, 2011 4:43am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #295,309
- Dec 21, 2011 4:46am Dec 21, 2011 4:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #295,310
- Dec 21, 2011 4:47am Dec 21, 2011 4:47am
if big money is missing from the market why is the dailly range growing..big money moves the market and believe it is never absent..these people position trade, they dont scalp
but i dont know for sure just guessing
) Is not that i have insight in their books. But for something to go long ,someone has to close the sell. Weather by taking profit,or by hitting stops the balance is in favor of the longs for now. We seen EBC on the move ..that is not a big player , that is a MAJOR player ))
- #295,311
- Dec 21, 2011 4:49am Dec 21, 2011 4:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I dont know ether , and i dont care. We r just talking
- #295,313
- Dec 21, 2011 4:59am Dec 21, 2011 4:59am
The reversal is collapsing on itself, it was just a pullback, we are heading north again.
just made another +16 and +13 on 2 lots (on DEMO
)I stepped out of it for these last 2 weeks of december to overcome my fear of trading...
- #295,316
- Dec 21, 2011 5:10am Dec 21, 2011 5:10am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #295,317
- Dec 21, 2011 5:13am Dec 21, 2011 5:13am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hello just came for lunch time
reading some posts...
about big flows they get into market in steps.
for example they start buying GU near 56 then near 55 then near 54
at price reaction they add
matter is what they do when closing positions: if heavy positions they close in steps. you cant close a 1000 or 5000lots in one 'click'
its there that starts running algos which open and close a lot of positions to confuse and hide where and how much positions are being closed/exchanged/added etc
dont forget they also work a lot in options......
just my experience!
reading some posts...
about big flows they get into market in steps.
for example they start buying GU near 56 then near 55 then near 54
at price reaction they add
matter is what they do when closing positions: if heavy positions they close in steps. you cant close a 1000 or 5000lots in one 'click'
its there that starts running algos which open and close a lot of positions to confuse and hide where and how much positions are being closed/exchanged/added etc
dont forget they also work a lot in options......
just my experience!
90% of traders use TA, indicators and prediction
- #295,319
- Dec 21, 2011 5:21am Dec 21, 2011 5:21am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
