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pelle64 · 28-09-2007, 15:26

Citat - Peter Wadkins

New York, September 28. Well it was a relatively safe bet in a risk- diminished month end, quarter end market that with enough firepower you could overcome the 1.4250 option defence. As Ralphy Boy used to say "Wham, boom to the moon"; 1.4267 paid in the price over run, which is being described by at least one shop as the "algo chop". The view of one seasoned veteran is that part of the characteristics of recent price action is due to the algorithms, "they have no fear, no emotion, they don't care if they pay a top it's just a number to them" was how the chief dealer of a large custodian bank described it.
So the barriers are dead. Long live the barriers - next stop for the ancient sport of barrier hunting, 1.4300, unless someone has sneaked in a 1.4275 strike that we haven't heard of. Hourly RSI at 82.3, daily at 80.5, weekly at 71.0, and monthly at 72.85 - Sell Mortimer, sell.

28-09-2007, 15:26	#6219 (permalink)
pelle64 level 2 Join Date: Jan 2006 Posts: 272 Rep Power: 4	Re: Sell Eur/Usd Citat - Peter Wadkins New York, September 28. Well it was a relatively safe bet in a risk- diminished month end, quarter end market that with enough firepower you could overcome the 1.4250 option defence. As Ralphy Boy used to say "Wham, boom to the moon"; 1.4267 paid in the price over run, which is being described by at least one shop as the "algo chop". The view of one seasoned veteran is that part of the characteristics of recent price action is due to the algorithms, "they have no fear, no emotion, they don't care if they pay a top it's just a number to them" was how the chief dealer of a large custodian bank described it. So the barriers are dead. Long live the barriers - next stop for the ancient sport of barrier hunting, 1.4300, unless someone has sneaked in a 1.4275 strike that we haven't heard of. Hourly RSI at 82.3, daily at 80.5, weekly at 71.0, and monthly at 72.85 - Sell Mortimer, sell.