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  • EUR/USD: Buy stops triggered above 1.3050

    From fxbriefs.com

    More selling interest is between 1.3080/90. Technical resistance is at 1.3115 which is the 38.2% fibo on the 1.3710 / 1.2747 fall.

  •  Guest
  • | IP XXX.XXX.10.11
So does it mean buy..???
  •  Guest
  • | IP XXX.XXX.15.163
toss a coin
it means buy stops have been triggered above 1.305, adding more power to the bulls and potentially forcing shorts past their SL, looks like its going to try for the 38 fib.
Money never sleeps...
  •  Guest
  • | IP XXX.XX.230.129
Dunno, no reason for that jump in low liquidity. looks good to fade to me.
Always it is BUY stops...why not just say EUR is better currency than these phony currencies, USD and JPY....?
There is always a price for promises you don't keep!
  •  Guest
  • | IP XX.XXX.91.222
All you have to do is look at at Oanda, http://fxtrade.oanda.com/ , and look under their "Our Live Order Book" section...look at how many open short positions there are on E/U! This is a classic short squeeze! When the accounts are busted, stoplosses hit, or traders close out...the rally will be over.
LOL
We cannot direct the winds but we can adjust our sail.
Quoting DragonFire
Always it is BUY stops...why not just say EUR is better currency than these phony currencies, USD and JPY....?
it's all relative. eurusd is not confirmed to be in a bull state completely. the overall trend continues to be bearish. there were far too many traders with very closely placed buy stops on their short trades. it's the panicking bears who are responsible for the temporary rise in eurusd.
same same, USD and JPY oh my god
The last fort of the free market are falling apart... Welcome to the new market.
Wait for the London market to open the the Euro/USD will be back to 1.2950.
How could the technicals take over ( bulls ) in such a turbulant Europe ? I also believe the EUR/USD should drop in the London market.
  •  Guest
  • | IP XXX.XX.78.161
i think its already break out trendline downtrend if we look thru the daily barchart
pleas in simple terms will eurusd likely retrace to 1.3000 today?
Quoting Guest
All you have to do is look at at Oanda, http://fxtrade.oanda.com/ , and look under their "Our Live Order Book" section...look at how many open short positions there are on E/U! This is a classic short squeeze! When the accounts are busted, stoplosses hit, or traders close out...the rally will be over.
Not that I admire you for using this particular web resource for this kind of info, but that is most likely scenario.
As usual.
Not shorting b4 1.31
Is there other resource that gives this kind of info?
Quoting DemoAntares
Not that I admire you for using this particular web resource for this kind of info, but that is most likely scenario.
As usual.
Not shorting b4 1.31
There is. Trading platform. Volume.
Quoting vadmiralv
Is there other resource that gives this kind of info?
forexfactory also gives you such info. see "positions/ live accounts" in "trades" section. of course, this info is limited to those who have signed up here.

but then the info you get at oanda is also only a sample - it is limited to traders dealing with panda.
IMHO the sentiment index offered by for example Dukascopy are invaluable tools and much overlooked. Mini versions of COT, arguably without the lag.

Quoting longorshort
forexfactory also gives you such info. see "positions/ live accounts" in "trades" section. of course, this info is limited to those who have signed up here.

but then the info you get at oanda is also only a sample - it is limited to traders dealing with panda.
All you ever needed to trade show up on your chart - you need just the right theory of the market (how price moves) and a model of the market that fits that theory. I have not been here or anywhere else for days - have not looked at a shred of news or even scanned an events calendar not to mention the confused opinions of the ignorant (no matter how dressed up and sophisticated they present). Frankly - and just from coming around FF what appears established as rational approaches do not work and traders simply do not know what to do about that - I say study chaos and try to understand fractal systems and you are half way there - the rest is mastery that comes from confidence. Ignore my thoughts at your own peril. Adios amigos - back to my sane (noise free) zone.
[quote=Loadedgun;6588611]All you ever needed to trade show up on your chart.

Can't agree more.
i be short mon, (jamaican accent)
lots of conviction
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  •  Guest
  • | IP XX.XX.18.52
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  • Story Stats
  • Posted: Apr 8, 2013 8:29pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 23  /  Views: 7,763