This is simply not true. Position trading by the large institutions is a staple part of their trading. Timing is certainly NOT everything.

Cable Update (GBPUSD)

Different schools of thought abound with regards to averaging-in. (adding to losing positions). It's a very reasonable strategy as long as you use proper and strict money management.

Cable Update (GBPUSD)

DX — Nearly there. Dollar buyers need to be brave now. Notice also how DX has ben closely correlated with UCh lately. I'll be a Dollar bull very soon..... GY shorts need to beware IMO. Just a feeling we could see a considerable, (and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

NEWS: Life Insurance industry to be investigated for fraud, concentrating on The Prudential and Met Life. That would give the markets a fair jolt.

Cable Update (GBPUSD)

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EURUSD

safe haven...? — This move is Yen strength by the looks of it. Euro getting sold too.

Cable Update (GBPUSD)

Dollar Index — Here's a chart dor Dollar Index. Big bullish divergence on the Daily TF. You can see similar divergences on GU, UCh and Gold too. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

yep — Aah, that's pretty much what i'm seeing; some major USD strength. Thanks.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry Piters. I'm being a bit thick here. What does this mean? You think we're bullish now until Q2 '11?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yawn — Nothing much has changed IMO. Still bearish on GU, AU, AY and GY. Bearish Gold and bullish UCh. I cannot see the tops/bottoms, but I can spot divergence pretty well and GY needs to see 133 ish before we're truly medium term bullish. EU ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

time for cool heads...... — .....bulls don't live forever. This chart is pretty self explanatory. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gold — Believe it or not, but i'm seeing Gold at $1006. Crazy I know, but that's where i'm seeing a retracement area on the Weekly TF.

Cable Update (GBPUSD)

Not risky IMO — Not at all. Very good r/r IMO. Trade small and will add as necessary. Just look at the Daily bearish divergence on GU.

Cable Update (GBPUSD)

hee hee — small short entered.

Cable Update (GBPUSD)

Yep. I posted this yesterday. Big boys know where the short stops were, they've just tripped them.

Cable Update (GBPUSD)

SNB — Looks like the SNB are playing this morning. They really should try to get the ECB working in tandem with them. It's far too obvious otherwise. And the market will punish them for it.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Not me.

Auslanco - GBP/JPY and GBP/USD (newstrade)

stop losses..? — Crazy as it sounds, but now is a very bad time to have tight stop losses. Long or short, they stand a great chance of being hit by false moves and fake-outs. It's not rocket science. Big boys will know that retail shorts will ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yea, maybe — You may possibly be right. I'm not much good with predicting timescales, but the following DX chart is telling me Dollar is due a significant rally. (>85). image Looking at the 1hr and 4hr you mentioned, it's not beyond the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Not seeing much on the hourly tbh, but 4 hr shows some bullish divergence with an o/s condition. The Weekly and Monthly on the other hand look great for a long term long........ to 1.80. A bit like GCad, long way off, but will be worth scaling ...

Auslanco - GBP/JPY and GBP/USD (newstrade)