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Cable Update (GBPUSD)

  • #354,601
  • Nov 27, 2013 6:38am Nov 27, 2013 6:38am
Quoting DailyChart
{quote} Hi, trading with that kind of method would only kill you sooner or later,Just set and forget it with proper sl without adding any loses like many did here accept your loss and find another entry opportunity,the moves will always coming again and again,The key is patient
true true and again true.. I ve been trading like this for about 3 years now. 70% pa.. But now it got me too and I am at 50 % of my initial capital :-/.. I am not sayin that averaging down cant work, but proper SL must be set.
Everything is gonna be OK at the end. If its not OK Its not the end
  • #354,602
  • Nov 27, 2013 6:41am Nov 27, 2013 6:41am
Quoting veer2010
Reason for this move???, simple.. hunting stop loss of retailers..
do you think major banks would risk their capital to try to take out a few retail stops above 163?(and topping last year's highs in the process) Retail volume is about 11% of the whole and a fraction of that number would have been short cable this AM (and not the smart fraction either) - there has been consistent bullish pressure building on the mid 16200s S/R since early OCT
  • #354,603
  • Nov 27, 2013 6:47am Nov 27, 2013 6:47am
Quoting chazzle
{quote} do you think major banks would risk their capital to try to take out a few retail stops above 163?(and topping last year's highs in the process) Retail volume is about 11% of the whole and a fraction of that number would have been short cable this AM (and not the smart fraction either) - there has been consistent bullish pressure building on the mid 16200s S/R since early OCT
few retail stops?.. there were thousands of them, especially on gbp/jpy..
  • #354,604
  • Nov 27, 2013 7:02am Nov 27, 2013 7:02am
Quoting veer2010
{quote} few retail stops?.. there were thousands of them, especially on gbp/jpy..
... a fraction of 11% ...

the market will simply move to where the orders are -
  • #354,605
  • Nov 27, 2013 7:03am Nov 27, 2013 7:03am
Quoting veer2010
{quote} few retail stops?.. there were thousands of them, especially on gbp/jpy..
Bear in mind that retail stops are small in size so that even thousands of them really aren't a big deal.
Some crooked retail brokers may artificially spike their price feed to fleece their retail clientele by running their stops.
Real market makers though, they go after the big money positions to do that, definitely not small time retailer.
Hear the music before the song is over ...
  • #354,606
  • Nov 27, 2013 7:10am Nov 27, 2013 7:10am
why, why, why???
when majority ff trader short, market goes up
cable still bullish
  • #354,607
  • Nov 27, 2013 7:10am Nov 27, 2013 7:10am
Quoting DailyChart
{quote} Hi, trading with that kind of method would only kill you sooner or later,Just set and forget it with proper sl without adding any loses like many did here accept your loss and find another entry opportunity,the moves will always coming again and again,The key is patient
Unfortunately the #1 thing that most traders lack. Number 2 is money management.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,608
  • Nov 27, 2013 7:17am Nov 27, 2013 7:17am
Quoting GlobalMacro
{quote} Bear in mind that retail stops are small in size so that even thousands of them really aren't a big deal. Some crooked retail brokers may artificially spike their price feed to fleece their retail clientele by running their stops. Real market makers though, they go after the big money positions to do that, definitely not small time retailer.
It doesn't matter how much some say that the retail crowd got wiped out because the facts say otherwise

They are still hanging in there.

Attached Image (click to enlarge)
Click to Enlarge Name: Foreign Exchange Positions - Forex Open Position Ratios - OANDA fxTrade Europe.png Size: 53 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #354,609
  • Nov 27, 2013 7:25am Nov 27, 2013 7:25am
Quoting PipTrapper
{quote} It doesn't matter how much some say that the retail crowd got wiped out because the facts say otherwise They are still hanging in there. {image}
That may well be due to the fact that retailers can more easily replace their losses with spare change than, say, a wiped out billion-dollar
hedge fund....
Hear the music before the song is over ...
  • #354,610
  • Nov 27, 2013 7:26am Nov 27, 2013 7:26am
Quoting PipTrapper
{quote} It doesn't matter how much some say that the retail crowd got wiped out because the facts say otherwise They are still hanging in there. {image}
Do you think the majority of those shorts were entered before the rally?

I like that chart, where could I live monitor something like that?
Best time to plant a tree was 20 years ago, second best is now
  • #354,611
  • Nov 27, 2013 7:29am Nov 27, 2013 7:29am
will short spike to 1.6350

bad numbers from US --expectation!!
  • #354,612
  • Nov 27, 2013 7:32am Nov 27, 2013 7:32am
Quoting akki300986
will short spike to 1.6350 bad numbers from US --expectation!!
Mixed data .. g/u must follow trend

lets see 6350 level

weekly r1 at 6332
The Phoenix Trader....
  • #354,613
  • Nov 27, 2013 7:40am Nov 27, 2013 7:40am
Quoting GlobalMacro
{quote} That may well be due to the fact that retailers can more easily replace their losses with spare change than, say, a wiped out billion-dollar hedge fund....
Yes of course. I still think the retailers have to be wiped out before this sucker goes south again.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,614
  • Nov 27, 2013 7:41am Nov 27, 2013 7:41am
Quoting PipTrapper
{quote} Yes of course. I still think the retailers have to be wiped out before this sucker goes south again.
That's the game
  • #354,615
  • Nov 27, 2013 7:43am Nov 27, 2013 7:43am
Quoting horuxito
{quote} Do you think the majority of those shorts were entered before the rally? I like that chart, where could I live monitor something like that?
Go here >>> http://fxtrade.oanda.co.uk/?&stop-ge...de.oanda.co.uk
scroll down to bottom and select the "Live Open Trades" tab

You can also see others here >>> http://singulorum001.blogspot.de/p/sentiment.html
Those who say it cannot be done should not interrupt those who are doing it
  • #354,616
  • Nov 27, 2013 7:45am Nov 27, 2013 7:45am
Quoting PipTrapper
{quote} Go here >>> http://fxtrade.oanda.co.uk/?&stop-ge...de.oanda.co.uk scroll down to bottom and select the "Live Open Trades" tab You can also see others here >>> http://singulorum001.blogspot.de/p/sentiment.html
Wonderful, thank you!
Best time to plant a tree was 20 years ago, second best is now
  • #354,617
  • Nov 27, 2013 7:47am Nov 27, 2013 7:47am
Next resistance (rising trend line) approaching
Long from 1.6242 and holding

G/U M30
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 83 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #354,618
  • Nov 27, 2013 7:48am Nov 27, 2013 7:48am
Quoting horuxito
{quote} Wonderful, thank you!
Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #354,619
  • Nov 27, 2013 7:53am Nov 27, 2013 7:53am
At least some retail traders are making a few bucks.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #354,620
  • Nov 27, 2013 7:57am Nov 27, 2013 7:57am
Quoting PipTrapper
{quote} It doesn't matter how much some say that the retail crowd got wiped out because the facts say otherwise They are still hanging in there. {image}
i never had a look to this kind of data unitl now. the ratios from ig: 82% short cable, 85% short eurusd, 79% short dow, 76% long gold. what a massacre. i good conta-indicator.
fortis fortuna adiuvat
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