"If The Fool persists in his Folly he will become wise." - William Blake
- #142,001
- Sep 11, 2009 2:09pm Sep 11, 2009 2:09pm
- Joined Apr 2009 | Status: Live and learn. | 25,160 Posts | Online Now
- #142,002
- Sep 11, 2009 2:12pm Sep 11, 2009 2:12pm
- | Membership Revoked | Joined May 2008 | 1,027 Posts
- #142,005
- Sep 11, 2009 2:14pm Sep 11, 2009 2:14pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Well, I've been out of action and not near a computer and I am surprised to see that the EUR is basically where it was about 36 hours ago. Considering the significance of the day/date I thought more action would have prevailed but not so. The market never ceases to surprise me 
USDX Daily
You can see PA hung around this area last year for a few days in August 2008 and then again in September 2008 before going north. Maybe we are going to consolidate around this area for a few days before the next leg south - ha, ha - that's my bias talking again
USDX 1 Hour
What I find surprising the most is that PA found it really difficult to break above my 34 EMA on the 1 hour chart all week!
And for those of you who like the Sentiment Index, here we are:
SSI: Retail Traders are Looking for a Reversal from the dollar after a Round of New Lows
Friday, 11 September 2009 17:34:04 GMT
Written by John Kicklighter, Currency Strategist
Intraday Highlight:
EURUSD - The ratio of long to short positions in the EURUSD stands at -2.33 as nearly 70% of traders are short. Yesterday, the ratio was at -2.90 as 74% of open positions were short. In detail, long positions are 16.8% higher than yesterday and 9.3% weaker since last week. Short positions are 6.4% lower than yesterday and 41.0% stronger since last week. Open interest is 0.5% weaker than yesterday and 10.7% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
And I know it's a bit late and I haven't even read it myself yet, but here's Bank of Scotland's Daily Market Strategy. Not sure if it will be of any use now.
Good trades and fab weekend to all
.
USDX Daily
You can see PA hung around this area last year for a few days in August 2008 and then again in September 2008 before going north. Maybe we are going to consolidate around this area for a few days before the next leg south - ha, ha - that's my bias talking again
USDX 1 Hour
What I find surprising the most is that PA found it really difficult to break above my 34 EMA on the 1 hour chart all week!
And for those of you who like the Sentiment Index, here we are:
SSI: Retail Traders are Looking for a Reversal from the dollar after a Round of New Lows
Friday, 11 September 2009 17:34:04 GMT
Written by John Kicklighter, Currency Strategist
Intraday Highlight:
EURUSD - The ratio of long to short positions in the EURUSD stands at -2.33 as nearly 70% of traders are short. Yesterday, the ratio was at -2.90 as 74% of open positions were short. In detail, long positions are 16.8% higher than yesterday and 9.3% weaker since last week. Short positions are 6.4% lower than yesterday and 41.0% stronger since last week. Open interest is 0.5% weaker than yesterday and 10.7% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
And I know it's a bit late and I haven't even read it myself yet, but here's Bank of Scotland's Daily Market Strategy. Not sure if it will be of any use now.
Good trades and fab weekend to all
.
Nothing worth having is easy.
- #142,008
- Sep 11, 2009 2:18pm Sep 11, 2009 2:18pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #142,009
- Sep 11, 2009 2:18pm Sep 11, 2009 2:18pm
- Joined Apr 2009 | Status: Live and learn. | 25,160 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake
- #142,015
- Sep 11, 2009 2:32pm Sep 11, 2009 2:32pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #142,016
- Sep 11, 2009 2:33pm Sep 11, 2009 2:33pm
- | Membership Revoked | Joined May 2008 | 1,027 Posts
- #142,019
- Sep 11, 2009 2:49pm Sep 11, 2009 2:49pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++