Comments on: Cable: Sovereign buyers reported starting at 1.5970 https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/ The Professional Source Tue, 23 Oct 2012 21:36:39 +0000 hourly 1 By: Sean Lee https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2199 Tue, 23 Oct 2012 21:36:39 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2199 I’m a bit bearish still on cable overall Hitesh so I may be the wrong person to ask re a bullish strategy. You can certainly try buying any dips with very tight s/l below overnight lows, that does make sense. I’m still running very small core shorts but will add if/when time feels right though I’m afraid I may have missed the boat. So I hope your idea does develop then I can sell again at 163 🙂

]]> By: Hitesh https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2198 Tue, 23 Oct 2012 21:28:37 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2198 Hi Sean,
You are the cable expert. Would you long from 5930/40 awaiting a new high beyond 6309?

It seems 6215 is the next stop following a short covering.

]]> By: Mike https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2184 Tue, 23 Oct 2012 08:25:13 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2184 haha,

I forgot this pair is less your favorite, but the info is golden.

Cheers~

]]> By: Sean Lee https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2183 Tue, 23 Oct 2012 08:20:56 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2183 You’re in luck Mike, normally I don’t hear much about the CAD but macro funds seen re-selling AUD/CAD today near 1.0250. Not a pair I follow much but just read that info from big prime broker. Not sure on amounts+

]]> By: Mike https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2182 Tue, 23 Oct 2012 08:19:52 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2182 I am biased to short AUD/CAD, after today’s BOC statement. The recent loonie’s slide is due to dovish tone from governor. Since the rate expectation of CAD is not materially changed, I see short AUD/CAD could be a a bet.

]]> By: Mike https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2181 Tue, 23 Oct 2012 08:15:24 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2181 hi, Sean

out of topic, any flow info regarding to CAD pairs?

Thx

]]> By: Sean Lee https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2178 Tue, 23 Oct 2012 07:30:00 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2178 Wait, buy the dip and reduce the overall position, and see how mkt develops from there. Adding to existing could work out ok but is high risk strategy imho

]]> By: Banya. https://fxww.com/cable-sovereign-buyers-reported-starting-at-1-5970/#comment-2177 Tue, 23 Oct 2012 07:20:33 +0000 http://fxww.dreamhosters.com/?p=1721#comment-2177 Someone asked me this question:If a trader had two short positions that were under water and an opportunity came up to short some more,what would be the reasonable thing to do?To short some more or wait and buy the dip to hedge the posie?I didn’t know what to tell him.So what does the expert say?thanks.

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