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- cloggie replied May 25, 2010
I always use the river analogy, inflate your lilo, stock up on beer and wait for the river to flow, jump in and enjoy the ride. Avoid the rapids and you won't get smelly and sticky fingers....
EURUSD
- cloggie replied May 25, 2010
Why is everyone here so desperate to jump in front of this freight train.
EURUSD
- cloggie replied May 18, 2010
They started last week buying up treasurey debt, just wonder how they are going to sterilise that.
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
The Germans are really hitting out at the hedge funds and the naked shorters even though it was primarily the bailed out banks that shorted treasury debt causing the run on the euro, kinda funny really.
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
Just hitting the 20 pip runs for now till she makes up her mind, not going to anticipate a long here. Just take the 20, let it consolidate, rinse and repeat
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
2nd test of 43 failed, I am watching this one carefully, euro also failed the second test of the low and gold failed the test of the DP.
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
Lets see if she gets through the round number psych level
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
I closed my shorts in anticipation of said bounce, we tested yesterday's high and are now at yesterdays low of that high, let's see if a retrace materialises
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
There are lots of HFT's and Quants using automated trading. Look at Citadel, Renaissance, MAN and GLG, each having billions under management. Some say that 60% of the days volume is traded by bots
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
Fighting, this is not fighting, have seen a lot worse in here, we are just having a lively discussion on the benefits and disadvantages of MACD's in trading Cable.
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
That is exactly the point. We can all hazard a guess as to where the market is going to go long term and some of us have little sentiment buttons on our posts to share that view. However your trading plan should be based on your own analysis and ...
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
See you just proved my point, momentum indicators are useless and like you said Elder used EMA as his primary techy indicator supported by the MACD. I trade using 1 or 2 indies purely as a support for the MA's PA and SR's. Have found over the years ...
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
I wondered about that too while I was holding my short from the London Open, I think the increase was purely caused by the importation of inflation due to the low Sterling. And let's be honest nobody expects an interest rise, so even the fundies ...
Cable Update (GBPUSD)
- cloggie replied May 18, 2010
AAAHH, not doing too bad finding my 3-4 trades a day for 50-100 pips each. MACD has no bearing on price just the momentum of the move, kinda useless when you want to find the tops and bottoms without getting smelly fingers. Using MACD is the ...
Cable Update (GBPUSD)