Thanks Shahab, a good trading day all round.
Do you think we may see a bounce on the kiwi?
Do you think we may see a bounce on the kiwi?
Weekly COT report Analysis + Trade Ideas
- #702
- Edited 5:04pm Mar 25, 2010 4:42pm | Edited 5:04pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
- #703
- Mar 25, 2010 5:08pm Mar 25, 2010 5:08pm
Thanks Shahab, a good trading day all round.
Do you think we may see a bounce on the kiwi?
]
7030 area looks like beein restistance for now again.
Cashed in half of my shorts (from 7082) at that area now.
Still holding the other half..
Don't think it will bounce back all the way. think 50 - 61.8 fibs should be the limit (7065 - 7073)
But I would sure here shahab's opinion on that one as well
"Blue Horseshoe loves Anacott Steel!"
- #708
- Mar 25, 2010 6:28pm Mar 25, 2010 6:28pm
you answered your question, tomorrow is Fri, close them all in NY session and enjoy the weekend.
precise answer is hard to find ,for instance this E/U trade might just spike 50-60 pips in 1 min and leave you empty handed after all these hours waiting and watching.
what I do is TP at first level which is equal to my SL level, lets say 50 pips then rest to B/E ,
if you want to trade long term- like position trading you my find this indicator useful- it's called 'Level-Stop-Reverse" move you SL according to it level
after all, Fri (NY session after...
I will consider that and might save some of my trades before going to bed soon
Your way to handle it sounds reasonable
I will also have a look at the indicator your mantioned. didn't hold a trade for more than 3 days so far but you never now
Yes. I always prefer to close before the weekend.
My EUR/JPY is at +50 as well now. so not a bad day (if not even my best so far)
Thanks again for your trade ideas and support!!!
I am off to get some sleep now!
see you,
Tuner
"Blue Horseshoe loves Anacott Steel!"
- #711
- Mar 25, 2010 7:03pm Mar 25, 2010 7:03pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
A/U rally higher is a good sell opportunity at any level up to R at .9210, short it with SL above that, you need to be patience to TP on all of them later on
attaching chart
- #714
- Mar 25, 2010 7:12pm Mar 25, 2010 7:12pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Clouds, just click sell on A/U, if it breaks above yesterday high I wont post anymore at FF.
im pretty confident also it'll go down
- #715
- Mar 25, 2010 7:15pm Mar 25, 2010 7:15pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
I better go and hang out for the night, it was a long day,
see you all soon
- #717
- Mar 26, 2010 5:10am Mar 26, 2010 5:10am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Bit of a mess this morning. Commodity currencies going down, E/U going up, Cable just fluffing around, Yen trying to save face.
SSI: EURUSD Ratio Flips as Shorts Jump 47%
Friday, 26 Mar 2010 09:45 GMT
Written by Michael Wright, DailyFX Research
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 8.6% lower than yesterday and 1.6% weaker since last week. Short positions are 46.7% higher than yesterday and 64.8% stronger since last week. Open interest is 14.8% stronger than yesterday and 16.0% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
SSI Details:
GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.58 as nearly 61% of traders are long. Yesterday, the ratio was at 1.91 as 66% of open positions were long. In detail, long positions are 6.1% lower than yesterday and 11.0% stronger since last week. Short positions are 13.4% higher than yesterday and 19.6% stronger since last week. Open interest is 0.6% stronger than yesterday and 5.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at -1.06 as 51% of open positions were short. In detail, long positions are 5.0% higher than yesterday and 22.5% weaker since last week. Short positions are 13.2% higher than yesterday and 62.1% stronger since last week. Open interest is 9.2% stronger than yesterday and 7.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.
USDJPY - The ratio of long to short positions in the USDJPY stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.24 as 55% of open positions were short. In detail, long positions are 0.6% lower than yesterday and 24.0% weaker since last week. Short positions are 4.8% lower than yesterday and 73.6% stronger since last week. Open interest is 2.9% weaker than yesterday and 0.0% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY gains.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.84 as nearly 65% of traders are long. Yesterday, the ratio was at 1.69 as 63% of open positions were long. In detail, long positions are 0.5% higher than yesterday and 11.3% weaker since last week. Short positions are 7.9% lower than yesterday and 28.5% stronger since last week. Open interest is 2.6% weaker than yesterday and 1.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
USDCHF - The ratio of long to short positions in the USDCHF stands at 3.33 as nearly 77% of traders are long. Yesterday, the ratio was at 2.36 as 70% of open positions were long. In detail, long positions are 6.1% higher than yesterday and 0.8% stronger since last week. Short positions are 24.9% lower than yesterday and 6.2% weaker since last week. Open interest is 3.1% weaker than yesterday and 17.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.12 as nearly 53% of traders are short. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 0.1% lower than yesterday and 38.0% stronger since last week. Short positions are 2.8% higher than yesterday and 8.3% stronger since last week. Open interest is 1.4% stronger than yesterday and 12.9% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.08 as nearly 52% of traders are short. Yesterday, the ratio was at 1.05 as 51% of open positions were long. In detail, long positions are 0.9% lower than yesterday and 15.9% stronger since last week. Short positions are 11.8% higher than yesterday and 4.9% stronger since last week. Open interest is 5.3% stronger than yesterday and 6.7% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
SSI: EURUSD Ratio Flips as Shorts Jump 47%
Friday, 26 Mar 2010 09:45 GMT
Written by Michael Wright, DailyFX Research
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 8.6% lower than yesterday and 1.6% weaker since last week. Short positions are 46.7% higher than yesterday and 64.8% stronger since last week. Open interest is 14.8% stronger than yesterday and 16.0% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
SSI Details:
GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.58 as nearly 61% of traders are long. Yesterday, the ratio was at 1.91 as 66% of open positions were long. In detail, long positions are 6.1% lower than yesterday and 11.0% stronger since last week. Short positions are 13.4% higher than yesterday and 19.6% stronger since last week. Open interest is 0.6% stronger than yesterday and 5.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at -1.06 as 51% of open positions were short. In detail, long positions are 5.0% higher than yesterday and 22.5% weaker since last week. Short positions are 13.2% higher than yesterday and 62.1% stronger since last week. Open interest is 9.2% stronger than yesterday and 7.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.
USDJPY - The ratio of long to short positions in the USDJPY stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.24 as 55% of open positions were short. In detail, long positions are 0.6% lower than yesterday and 24.0% weaker since last week. Short positions are 4.8% lower than yesterday and 73.6% stronger since last week. Open interest is 2.9% weaker than yesterday and 0.0% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY gains.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.84 as nearly 65% of traders are long. Yesterday, the ratio was at 1.69 as 63% of open positions were long. In detail, long positions are 0.5% higher than yesterday and 11.3% weaker since last week. Short positions are 7.9% lower than yesterday and 28.5% stronger since last week. Open interest is 2.6% weaker than yesterday and 1.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
USDCHF - The ratio of long to short positions in the USDCHF stands at 3.33 as nearly 77% of traders are long. Yesterday, the ratio was at 2.36 as 70% of open positions were long. In detail, long positions are 6.1% higher than yesterday and 0.8% stronger since last week. Short positions are 24.9% lower than yesterday and 6.2% weaker since last week. Open interest is 3.1% weaker than yesterday and 17.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.12 as nearly 53% of traders are short. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 0.1% lower than yesterday and 38.0% stronger since last week. Short positions are 2.8% higher than yesterday and 8.3% stronger since last week. Open interest is 1.4% stronger than yesterday and 12.9% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.08 as nearly 52% of traders are short. Yesterday, the ratio was at 1.05 as 51% of open positions were long. In detail, long positions are 0.9% lower than yesterday and 15.9% stronger since last week. Short positions are 11.8% higher than yesterday and 4.9% stronger since last week. Open interest is 5.3% stronger than yesterday and 6.7% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
Nothing worth having is easy.
it seems you already got your bounce,
I'm out of kiwi for now-
anyways, I would buy USD against any pair- the exception is my U/J short trade which I think wont last till tomorrow,
I think you better sell it (Kiwi) when is getting higher
I guess we were both right, I did end up taking the trade to net a few pips, while my AUD short trade from yesterday also closed in green pips
weird trading two different directions and both ending up good trades.I did noticed the rally in gold overnight but the AUD continued to slide. Great call on the shorts.
All my trades from yesterday ended up well, thanks for all your work on the thread. I'm taking today off to visit my mother. Have a great weekend all.
