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Cable Update (GBPUSD)

  • #358,581
  • Edited 11:53am Jan 14, 2014 11:28am | Edited 11:53am
Quoting TauTrader
{quote} Sir, Still reasonably heavy short. Looking at overall positions , shorts still 5 to 1 overall. If we look at the stops, we have 17'000 short stops in place VS 1'550 longs. That is like 11 to 1... {image}
How much money those 17000 short stops would need to place the stops there? That is how much money would need to open the stop positions there? How much money it would need to move the market there to hunt the retail stops?

Every body can see retail stops because some brokers sell this information. But no one knows where the big boys stops are located.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,582
  • Jan 14, 2014 11:28am Jan 14, 2014 11:28am
Quoting TauTrader
{quote} Sir, GM Strong sporty spice for you. Regards {image}
Hello Mr.Tau,
also very interesting post .

May I ask what you are using on your chart for the channel?

Thanks for the answer
  • #358,583
  • Jan 14, 2014 11:45am Jan 14, 2014 11:45am
Cable monthly. It does not seem that it will go up to challenge 1.7. Very likely it will go down from here.

Attached Image (click to enlarge)
Click to Enlarge Name: cable-month - i7860-TDA_055.png Size: 461 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,584
  • Jan 14, 2014 11:55am Jan 14, 2014 11:55am
Quoting TauTrader
{quote} Sir, Still reasonably heavy short. Looking at overall positions , shorts still 5 to 1 overall. If we look at the stops, we have 17'000 short stops in place VS 1'550 longs. That is like 11 to 1.. So - the problem with people looking at longs vs shorts - or then retail positions - is the fact that they do not know where those stops are.. If price was at 1.6000 - would one rather have 20 000 stops at 1.6010 vs 5000 stops long at 1.5990 - or 5000 stops @ 1.6100 vs 6000 long stops @ 1.5999. As price moves, these stops move - clusters may drop...
Much appreciated, Sir.

Seems short stops increased compared to a month ago

Continued success to you.
Hear the music before the song is over ...
  • #358,585
  • Jan 14, 2014 12:02pm Jan 14, 2014 12:02pm
Quoting theXfiles
{quote} Hello Mr.Tau, also very interesting post . May I ask what you are using on your chart for the channel? Thanks for the answer
Good day to you, sir

TMA - repaints/adjusts. Cannot be used for signals alone. Dangerous..

Let me rather give you this tool. It will give you all the important levels you will be interested in.. Daily open, weekly, monthly, 50%levels, some Gann angles and a lot more.. it may be useful.

Regards
Attached File(s)
File Type: mq4 Taulevels.mq4   75 KB | 359 downloads
  • #358,586
  • Jan 14, 2014 12:04pm Jan 14, 2014 12:04pm
Quoting ffleo
{quote} How much money those 17000 short stops would need to place the stops there? That is how much money would need to open the stop positions there? How much money it would need to move the market there to hunt the retail stops? Every body can see retail stops because some brokers sell this information. But no one knows where the big boys stops are located.
Fair..

I do not know. BUT - it has kept me out of trouble often - so worth a consideration. Show me some other examples of retails stops - will you?

Regards
  • #358,587
  • Jan 14, 2014 12:04pm Jan 14, 2014 12:04pm
Hi guys
Still all my shorts open.
All my Swissy longs in profit.
I am having a great month so far.Would love to hit my all time high.
In trading, you have to be defensive and aggressive at the same time
  • #358,588
  • Jan 14, 2014 12:05pm Jan 14, 2014 12:05pm
Extremely good !

How about you?


Quoting Bones
Hi G how do you feel about eur gbp now ? {quote} {image}
Hear the music before the song is over ...
  • #358,589
  • Jan 14, 2014 12:10pm Jan 14, 2014 12:10pm
Quoting TauTrader
{quote} Fair.. I do not know. BUT - it has kept me out of trouble often - so worth a consideration. Show me some other examples of retails stops - will you? Regards
retail constitutes about 6% of FX volume. I do not think banks and funds move the market to hunt retail stops. They move market to hunt other big sharks stops, not retail stops.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,590
  • Jan 14, 2014 12:16pm Jan 14, 2014 12:16pm
Quoting TauTrader
{quote} Fair.. I do not know. BUT - it has kept me out of trouble often - so worth a consideration. Show me some other examples of retails stops - will you? Regards
Is this what you looking for?

http://fxtrade.oanda.co.uk/analysis/forex-order-book

FXCM also have this data is you have an account/subscribe with them.
  • #358,591
  • Jan 14, 2014 12:21pm Jan 14, 2014 12:21pm
Quoting el_duende
{quote} Is this what you looking for? http://fxtrade.oanda.co.uk/analysis/forex-order-book FXCM also have this data is you have an account/subscribe with them.
No sir - not the amount of positions long or short - the actual stops and take profit of those open positions.

Regards
  • #358,592
  • Jan 14, 2014 12:27pm Jan 14, 2014 12:27pm
Quoting ffleo
{quote} retail constitutes about 6% of FX volume. I do not think banks and funds move the market to hunt retail stops. They move market to hunt other big sharks stops, not retail stops.
Sir

It may very well be.

It is undisputed that most retailers lose their shorts, shirts, bow ties and panties. What we are looking for is an edge - any edge. If I have information showing me where the 80% - 90% losers are placing stops, I cannot really care what the splits are. Probability is that these will lose. Period. Not always - but mostly. Traders have these pre conceived ideas... it baffles me.

Anyone looking at a different angle is frowned at. That is perfect.

Let us all carry on doing what we are doing.



I wish you all the best
  • #358,593
  • Jan 14, 2014 12:39pm Jan 14, 2014 12:39pm
Quoting TauTrader
{quote} Sir It may very well be. It is undisputed that most retailers lose their shorts, shirts, bow ties and panties. What we are looking for is an edge - any edge. If I have information showing me where the 80% - 90% losers are placing stops, I cannot really care what the splits are. Probability is that these will lose. Period. Not always - but mostly. Traders have these pre conceived ideas... it baffles me. Anyone looking at a different angle is frowned at. That is perfect. Let us all carry on doing what we are doing. I wish you all...
Well put Sir Tau... It's about probabilities... not about right/wrong.
Those who say it cannot be done should not interrupt those who are doing it
  • #358,594
  • Jan 14, 2014 12:41pm Jan 14, 2014 12:41pm
Quoting TauTrader
{quote} Good day to you, sir TMA - repaints/adjusts. Cannot be used for signals alone. Dangerous.. Let me rather give you this tool. It will give you all the important levels you will be interested in.. Daily open, weekly, monthly, 50%levels, some Gann angles and a lot more.. it may be useful. Regards {file}
Mr.Tau,

thanks you for your indicator.

I was thinking of this channel, on the image.

Thanks for the answer.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4 q.PNG Size: 82 KB
  • #358,595
  • Jan 14, 2014 12:45pm Jan 14, 2014 12:45pm
Quoting PipTrapper
{quote} Well put Sir Tau... It's about probabilities... not about right/wrong.
did i write the same yesterday ??? short 1.645 after stopped before, but how long can you have stops?? scalp to 1.64293 tp open the 34 and 50 emas stoping downside for me today . well done davit your stops are high then
  • #358,596
  • Jan 14, 2014 12:48pm Jan 14, 2014 12:48pm
Quoting elbert3
{quote} did i write the same yesterday ??? short 1.645 after stopped before, but how long can you have stops?? scalp to 1.64293 tp open the 34 and 50 emas stoping downside for me today . well done davit your stops are high then
Was that post meant for somebody else? Maybe Davit??
Those who say it cannot be done should not interrupt those who are doing it
  • #358,597
  • Jan 14, 2014 12:48pm Jan 14, 2014 12:48pm
Quoting elbert3
{quote} did i write the same yesterday ??? short 1.645 after stopped before, but how long can you have stops?? scalp to 1.64293 tp open the 34 and 50 emas stoping downside for me today . well done davit your stops are high then

I trade without fix stops.I will close trades if the trade is no longer fundamentally viable case example severe weakening of Cad
I can easily handle -200pips against my positions because I average in my orders never all at once.
I think Tau does something similar

Warning high risk trading style
In trading, you have to be defensive and aggressive at the same time
  • #358,598
  • Jan 14, 2014 12:53pm Jan 14, 2014 12:53pm
Quoting PipTrapper
{quote} Was that post meant for somebody else? Maybe Davit??
yes sorry pip keep up the good work
  • #358,599
  • Jan 14, 2014 12:54pm Jan 14, 2014 12:54pm
Cable looks range bound, not gaining much traction in any direction. I don't see any reason to expect the Cable to definitely rally thru 1.6500
Short entry @ 1.6500
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 122 KB
Greatness exists in all of us.
  • #358,600
  • Jan 14, 2014 12:59pm Jan 14, 2014 12:59pm
Quoting Davit
{quote} I trade without fix stops.I will close trades if the trade is no longer fundamentally viable case example severe weakening of Cad I can easily handle -200pips against my positions because I average in my orders never all at once. I think Tau does something similar
yes i do that too , but i had to go out and it was a bit crazy, i came back and was stopped out only by a few pips, i cant complain the last three times i pulled my stops up to the 61.8 fib which saved me, so3 to 1 is not bad,plus i had a short in aud which is in profit nearly at my target on that one, so wil have to monitor ,back short now.cheers
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