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- Flatfish replied Aug 5, 2012
Retailers have unsurprisingly managed to get themselves neutral on cable thanks to the stop hunts late last week. Price will probably have a small range Monday. My preference would be to sell early if price opens higher, as cable likes to test lows ...
- Flatfish replied Jul 24, 2012
thought I'd stop by and say hello. Summer here and price is in its usual doldrum stage very slow movement in small ranges so no point in trying to forcast anything longterm. Retailers positions have been very light, with retailers flipping between ...
- Flatfish replied Jun 18, 2012
Price moving as expected- these are very typical moves market makes during a weekend following news. i still prefer sells into London close and look for a buy after that, but market gets tricky so always need to keep a small stop. Like I say cable ...
- Flatfish replied Jun 16, 2012
Typical friday price action, price breaks out to one side and continues in that direction. Normally expect a pullback to test the breakout and cable has a tendency to make its low on a Monday. So would like to sell a gap up on cable during Asia, but ...
- Flatfish replied Jun 2, 2012
I mentioned how bad the retail traders are at cable. So this chart should be no surprise. While they are long I will only look for shorts.
- Flatfish replied May 27, 2012
Retail positoning is now slightly bullish on cable, that combined with bearish chart formations means I will continue looking for sells- since I will only trade in the opposite direction of the punters when it comes to cable since most cable traders ...
- Flatfish replied May 25, 2012
Done for the week- choppy price action today keeps getting me stoppped out so taking my small winnings and going to have a beer. Good luck for those still in there. all the trades today were based on one thing doing opposite of the retailers, for ...
- Flatfish replied May 25, 2012
Retail positoning has been neutral all week, which why we have a up and down market with no real trend. Retailers are now slightly long cable and so am currently short for 1.5650 area, but a trade with a small stop.Same with euro short for a few.
- Flatfish replied May 20, 2012
Retail are neutral on pound,so like many here would expect no real direction on the pound and think euro a better play next week. But one interesting chart is aud/jpy. The retailers have been long this the entire fall. Am expecting them to start ...
- Flatfish replied May 19, 2012
Interesting candle on the daily for Friday of a small bodied candle outside the bollinger band. Indication of an exhaustion move if the folowing candle closes inside the bands,but will have to see how Monday finishes. Retailers have got themselves ...
- Flatfish replied May 17, 2012
Retailers continue buying cable having sold it all the way up to 1.63. Until they decide its time to short I still look for sells. One day the punters might get it right, one day.
- Flatfish replied May 16, 2012
Current retail positioning is still bearish cable, with traders selling the break of 1.59. Current low around 200 day ema. My bias to scalp long near 1.59 with a stop below todays low if the retailers continue selling cable around this level with a ...
- Flatfish replied May 15, 2012
Thank you for the compliments. I try not to post too much since its can be confusing for newer traders. Current retail positioning on cable still shows the novices are going long cable as price moves in the opposite direction, while that trend ...
- Flatfish replied May 15, 2012
Have been watching the gbp crosses. As they were signaling extreme positoning in gbp of retailers being long eur/gbp and short gbp/chf. I use their sentiment to guage possible turns in market. we see that they are starting to be more bullish on gbp. ...
- Flatfish replied May 14, 2012
Support also around lows from 200ema on 4hr chart and the daily S2. Considering cable has been in an uptrend, trend followers should be looking to enter long here, but as normal for a Monday very sluggish market on cable. Would not be surprised to ...
- Flatfish replied May 12, 2012
Very small range for cable last week. From a positioning point of view retailers were happy to buy near 1.62 are are continuing to be more bullish on cable. On its crosses the pound is starting to look like it has topped, so shorting rallies on ...
- Flatfish replied May 10, 2012
Interesting comparison chart here, perhaps a clue to why gbp crosses are acting this way. For me no current positon in cable, picture mixed wait for clearer signals.
- Flatfish replied May 9, 2012
well having been long all the way from 1.63 to here, looks like the retails have now decided to turn short. Will they keep their losing record. Well I will look for a buy scalp next, but don't expect any real movement till London comes back again.
- Flatfish replied May 8, 2012
Current retail sentiment shows shorts closing their positions, but still being bearish cable. Positioning suggests choppy price action. Was expecting a 1.62-1.60 range this week and would expect London to make the high today and then price fall ...
- Flatfish replied May 4, 2012
Not too much to say for the pound. We can see the retailers after being so short the cable are deciding to go long as the price falls. Will wait and see what their next move is and do exactly the opposite of what they choose.