Disliked4975 caressed and PA was scared and jumped right of it, will keep an eye on that for possible further travel southIgnored
Disliked$ 15 million shorts at 1.60- 1.62
$ 45 million shorts at 1.55-1.57
$ 25 million shorts at 1.50-1.52 (last 2 days)
No shorts have been covered yet. Short covering target is 1.40.
As per my trader friend who works in Institutional sales in UBS London, soros fund management LLC will not take any further shorts till 1.45.Ignored
DislikedThis information shouldn't be taken seriously. I'm sorry, but this is a joke.
Firstly, does your "friend" really believe that Soros would reveal his FX trading strategies with outsiders, namely that they will take no further shorts until 1.45? There is no way, I repeat not a chance in hell, that any representative from his funds will disclose such market sensitive information with the sales and trading desk of the investment bank who will be taking the other side of the position.... Why would a man of his experience voluntarilty reveal his hand...Ignored
DislikedClosed my short, back long on the retraceIgnored
DislikedHow far back will it retrace though? From yesterday's high to today's low, I make it 15034 (61.8%), although it is stuggling to break 15000. Maybe Soros has some shorts there I am staying out for now (apart from my short at 15070)Ignored
DislikedLooks like the bears are winning the battle at this level. I am not entering yet, don't want to be caught by a fake-out; 20 minutes of paint drying so far.Ignored
DislikedI can't see any action until either NY closes, or Asia opens. Time to give my eyes a rest . I have placed a short order to open @ 15020 with a stop loss of 20. Time to leave work soon... and sink a few tinnies tonight. Well, it is the missus' night out tonight, while I look after my kids who will be tucked up in bed.Ignored