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Cable Update (GBPUSD)

  • #309,481
  • Apr 24, 2012 6:32am Apr 24, 2012 6:32am
Quoting Flatfish
I see many here are aware that the market is heavily short cable. So for those that don't understand why it is important I thought I try to explain it simply. As your broker takes more bets on cable going down it will seek to hedge the potential losss by buying a forward cable rate, so if the market falls it can execise the option and offset the loss it pays out to its clients. But at the same time buying the futures results in spot price being dragged higher- hence the more people short the more the price rises until the shorts give up and the...
I think this is very clear explanation how 80% traders loss ........ thank you mate.....
  • #309,482
  • Apr 24, 2012 6:33am Apr 24, 2012 6:33am
Quoting Flatfish
I see many here are aware that the market is heavily short cable. So for those that don't understand why it is important I thought I try to explain it simply. As your broker takes more bets on cable going down it will seek to hedge the potential losss by buying a forward cable rate, so if the market falls it can execise the option and offset the loss it pays out to its clients. But at the same time buying the futures results in spot price being dragged higher- hence the more people short the more the price rises until the shorts give up and the...
Do the banks offset their risk?
  • #309,483
  • Apr 24, 2012 7:01am Apr 24, 2012 7:01am
Quoting aerogrammer
Do the banks offset their risk?
The problem with discussing risk management and trading is that they are different professions like a doctor and a surgeon. The whole subject complicates trading- which is sudying charts and pattern recognition. Trust your charts or your system. Nothing on the cable charts says sell at the moment. Price is as expected choppy with a small range. Not expecting any real move till GDP tomorrow- even seeing the talking heads on CNBC starting to talk about maybe forcast for GDP in UK is too low.
  • #309,484
  • Apr 24, 2012 7:02am Apr 24, 2012 7:02am
already trigger a short @1.6153 .. s/l around 50 pips.. and its going to be a journey for 100 - 200 pips south...
  • #309,485
  • Apr 24, 2012 7:03am Apr 24, 2012 7:03am
Quoting Flatfish
I see many here are aware that the market is heavily short cable. So for those that don't understand why it is important I thought I try to explain it simply. As your broker takes more bets on cable going down it will seek to hedge the potential losss by buying a forward cable rate, so if the market falls it can execise the option and offset the loss it pays out to its clients. But at the same time buying the futures results in spot price being dragged higher- hence the more people short the more the price rises until the shorts give up and the...

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 48 KB
  • #309,486
  • Apr 24, 2012 7:15am Apr 24, 2012 7:15am
this is what i think:
Attached Image
  • #309,487
  • Apr 24, 2012 7:25am Apr 24, 2012 7:25am
Quoting Tiraje
this is what i think:
They look like angels - does this mean price is going up?
  • #309,488
  • Apr 24, 2012 7:30am Apr 24, 2012 7:30am
Quoting Flatfish
The problem with discussing risk management and trading is that they are different professions like a doctor and a surgeon. The whole subject complicates trading- which is sudying charts and pattern recognition. Trust your charts or your system. Nothing on the cable charts says sell at the moment. Price is as expected choppy with a small range. Not expecting any real move till GDP tomorrow- even seeing the talking heads on CNBC starting to talk about maybe forcast for GDP in UK is too low.

  • #309,489
  • Apr 24, 2012 7:33am Apr 24, 2012 7:33am
Quoting TauTrader
They look like angels - does this mean price is going up?
at first yes i suppose but i expect a heavy fall like those angels,as a matter of fact i think all the bulls already arrive at the ultimate
  • #309,490
  • Apr 24, 2012 7:42am Apr 24, 2012 7:42am
Dont be a sucker.
Attached Image
  • #309,491
  • Apr 24, 2012 7:51am Apr 24, 2012 7:51am
Quoting Tiraje
at first yes i suppose but i expect a heavy fall like those angels,as a matter of fact i think all the bulls already arrive at the ultimate
how can u say it was at ultimate already?...... i am not sure...
I thought about this ultimate so many times and it is still moving up and up...... would you show us your chart or anything indicating what you said, please?......
  • #309,492
  • Apr 24, 2012 7:52am Apr 24, 2012 7:52am
i'm waiting for that bulish trend to break in h1
price is now between 61.8% retracement from 1.6740 to 1.5233 at 1.6162 and 100% fib expansion from 1.5270 to 1.6164 and 1.5233 at 1.6130
it also touches the upper triangle and an old bearish trendline
Attached Image(s) (click to enlarge)
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  • #309,493
  • Apr 24, 2012 7:58am Apr 24, 2012 7:58am
Quoting red alert
how can u say it was at ultimate already?...... I am not sure...
I thought about this ultimate so many times and it is still moving up and up...... Would you show us your chart or anything indicating what you said, please?......
now how 'bout you show your chart too...
  • #309,494
  • Apr 24, 2012 8:14am Apr 24, 2012 8:14am
Quoting Tiraje
i'm waiting for that bulish trend to break in h1
price is now between 61.8% retracement from 1.6740 to 1.5233 at 1.6162 and 100% fib expansion from 1.5270 to 1.6164 and 1.5233 at 1.6130
it also touches the upper triangle and an old bearish trendline
Good day to you,

Solid charts- you need to post a bit more in GU.

I like

http://www.pic4ever.com/images/Ghelyon.gif

All success to you

Regards
  • #309,495
  • Apr 24, 2012 8:19am Apr 24, 2012 8:19am
Quoting Johnny Depp
now how 'bout you show your chart too...
OK jhon...ATM I can't post it, but at least i will tell my short at 16123 SL 16175 and targetting for 1605 .....
But i am not sure with the bear now....i will do cut lost in case moving up more than 6175 and riverse my position
  • #309,496
  • Apr 24, 2012 8:20am Apr 24, 2012 8:20am
Quoting TauTrader
Good day to you,

Solid charts- you need to post a bit more in GU.

I like

http://www.pic4ever.com/images/Ghelyon.gif

All success to you

Regards
yes..he seems to be good
  • #309,497
  • Apr 24, 2012 8:23am Apr 24, 2012 8:23am
Quoting TauTrader
Good day to you,

Solid charts- you need to post a bit more in GU.

I like

http://www.pic4ever.com/images/Ghelyon.gif

All success to you

Regards
thanks
  • #309,498
  • Apr 24, 2012 8:26am Apr 24, 2012 8:26am
Quoting nAVIN2007
yes..he seems to be good
Good day to you,

Similar styles of charting - the 2 of you

Regards my friend
  • #309,499
  • Apr 24, 2012 8:26am Apr 24, 2012 8:26am
there we go, very nice lift off on fiber.. cable? damn cable.. wait for days now.. no retracement at all..
  • #309,500
  • Apr 24, 2012 8:30am Apr 24, 2012 8:30am
Quoting A-speculator
there we go, very nice lift off on fiber.. cable? damn cable.. wait for days now.. no retracement at all..

not sure if yur a fib guy..look at the weekly ..the pullback was at the 50% price is above the high b4 the pullback started ..so this thing maybe playing out a fib target extension

its posible this can shoot 1.63 without a pullback because it happened already..a fib person would understand..i think..lol
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