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- Flatfish replied Dec 21, 2012
Hello everyone, Hope you all have a Great New Year. I don't really trade cable much anymore- its not the same beast. While its duck hunting season cable just bounces around like a decoy. The old saying that cables been 1.60 since the king died is as ...
Cable Update (GBPUSD)
- Flatfish replied Aug 5, 2012
I tend to use the charts in two ways one I look for pairs at extreme readings over 70% as points where the retailers will give up on their losses so if the percentage starts to fall I will look for reversals on charts. The second way is to see ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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.
Cable Update (GBPUSD)
- Flatfish replied May 29, 2012
it is a struggle to write anything enlightening about cables price action. retailers are still just about neutral- they bought above 1.57 and sold around 1.5660. Don't really see any great entry but then cable never leads moves, so easier to wait ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- Flatfish replied May 25, 2012
not losses- almost £800 profit for the day- just sad I caught no big fish they kept jumping off the hook.
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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.
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- Flatfish replied May 19, 2012
The problem with banks is that COT data is compiled on Tuesday and released Friday so its not always useful. Banks technical reports are mostly useless with entry points too far from market price, and as with Goldman you were never trust any ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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.
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- Flatfish replied May 15, 2012
Everyone likes to view their own charts with their prefered technical studies. I just point out how the market sentiment is a tool which can back up your trading decisions. Markets move in the direction that causes the most pain to the most people. ...
Cable Update (GBPUSD)
- 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 ...
Cable Update (GBPUSD)
- 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. ...
Cable Update (GBPUSD)