DislikedI took the short on A/U right below Weekly PP 9230 and took 20 pips. Curious if anyone is looking for a possible 5-10 pip bounce off Daily S2 at 9204 ???Ignored
Weekly COT report Analysis + Trade Ideas
- #2,442
- May 4, 2010 12:44am May 4, 2010 12:44am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #2,443
- May 4, 2010 12:53am May 4, 2010 12:53am
A/U , I got sell signal on A/U on my TFM method (re-touching daily pivot + LSR sell ) , but it's sitting on weekly pivot (.9233) , it's difficult to take short on a weekly pivot
Got out of bed early today to "watch" the RBA decision.
Interesting reaction now with a drop after a rate hike...
Even weekly pivot seems to be taken out now. (Waiting for a H1 close below to confirm that)
So I guess we have seen... or are seein "Scenario 2" from what Kathy Lien described as possible reactions on the rate decision
http://www.fx360.com/commentary/kath...-decision.aspx
--> Focus was not on the current rate hike but more on the outlook in the statement concerning future rate hikes. (as the current rate hike was overly expected and priced in as it seems)
With Europe-session to start soon it will be interesting how far down it will go now.
Got a small long EUR/AUD as well from 1.4245.
Looks bottomed-out (for the moment) and nice bullish div as you pointed out as well.
Still long EUR has to be played carefully these days. so lets see
Good luck to you!
"Blue Horseshoe loves Anacott Steel!"
- #2,444
- May 4, 2010 1:04am May 4, 2010 1:04am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
So I guess we have seen... or are seein "Scenario 2" from what Kathy Lien described as possible reactions on the rate decision
http://www.fx360.com/commentary/kath...-decision.aspx
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #2,445
- May 4, 2010 1:11am May 4, 2010 1:11am
I took the short on A/U right below Weekly PP 9230 and took 20 pips. Curious if anyone is looking for a possible 5-10 pip bounce off Daily S2 at 9204 ???
Nice trade. That weekly pivot didn't seem to provide any serious support for now. Didn't go for it now (rule no1 for me.. no trade before coffee
)you have daily S2 @ 9204.. I got it at 9193 ?!?
But it seems this level is not respected either..
Good luck to you!
"Blue Horseshoe loves Anacott Steel!"
- #2,448
- May 4, 2010 6:05am May 4, 2010 6:05am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Indices in the red and suffering in Europe and US but the Yen still can't gain much traction.
SSI: AUDUSD Ratio Flips Following 27% Decline in Short Positions
Tuesday, 04 May 2010 10:26 GMT
Written by Michael Wright
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.52 as nearly 60% of traders are long. Yesterday, the ratio was at -1.17 as 54% of open positions were short. In detail, long positions are 30.7% higher than yesterday and 4.8% weaker since last week. Short positions are 26.4% lower than yesterday and 6.8% stronger since last week. Open interest is 0.1% weaker than yesterday and 8.3% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.65 as nearly 62% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 11.8% higher than yesterday and 4.6% stronger since last week. Short positions are 7.2% lower than yesterday and 23.4% stronger since last week. Open interest is 3.8% stronger than yesterday and 3.1% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.24 as nearly 55% of traders are long. Yesterday, the ratio was at 1.15 as 54% of open positions were long. In detail, long positions are 4.3% higher than yesterday and 4.8% weaker since last week. Short positions are 2.7% lower than yesterday and 2.2% weaker since last week. Open interest is 1.0% stronger than yesterday and 3.1% below 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 -1.10 as nearly 52% of traders are short. Yesterday, the ratio was at -1.19 as 54% of open positions were short. In detail, long positions are 0.2% lower than yesterday and 17.8% weaker since last week. Short positions are 7.4% lower than yesterday and 17.7% stronger since last week. Open interest is 4.1% weaker than yesterday and 0.0% below 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 1.34 as nearly 57% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 0.0% lower than yesterday and 24.2% weaker since last week. Short positions are 0.8% higher than yesterday and 49.7% stronger since last week. Open interest is 0.3% stronger than yesterday and 6.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.70 as nearly 63% of traders are long. Yesterday, the ratio was at 1.81 as 64% of open positions were long. In detail, long positions are 6.9% lower than yesterday and 6.3% stronger since last week. Short positions are 0.9% lower than yesterday and 12.0% weaker since last week. Open interest is 4.8% weaker than yesterday and 11.9% below 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 -1.47 as nearly 59% of traders are short. Yesterday, the ratio was at -1.22 as 55% of open positions were short. In detail, long positions are 14.9% lower than yesterday and 12.6% stronger since last week. Short positions are 2.1% higher than yesterday and 14.3% weaker since last week. Open interest is 5.5% weaker than yesterday and 5.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.84 as nearly 65% of traders are short. Yesterday, the ratio was at -2.28 as 69% of open positions were short. In detail, long positions are 14.8% higher than yesterday and 18.4% weaker since last week. Short positions are 7.2% lower than yesterday and 138.9% stronger since last week. Open interest is 0.5% weaker than yesterday and 35.2% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
SSI: AUDUSD Ratio Flips Following 27% Decline in Short Positions
Tuesday, 04 May 2010 10:26 GMT
Written by Michael Wright
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.52 as nearly 60% of traders are long. Yesterday, the ratio was at -1.17 as 54% of open positions were short. In detail, long positions are 30.7% higher than yesterday and 4.8% weaker since last week. Short positions are 26.4% lower than yesterday and 6.8% stronger since last week. Open interest is 0.1% weaker than yesterday and 8.3% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.65 as nearly 62% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 11.8% higher than yesterday and 4.6% stronger since last week. Short positions are 7.2% lower than yesterday and 23.4% stronger since last week. Open interest is 3.8% stronger than yesterday and 3.1% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.24 as nearly 55% of traders are long. Yesterday, the ratio was at 1.15 as 54% of open positions were long. In detail, long positions are 4.3% higher than yesterday and 4.8% weaker since last week. Short positions are 2.7% lower than yesterday and 2.2% weaker since last week. Open interest is 1.0% stronger than yesterday and 3.1% below 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 -1.10 as nearly 52% of traders are short. Yesterday, the ratio was at -1.19 as 54% of open positions were short. In detail, long positions are 0.2% lower than yesterday and 17.8% weaker since last week. Short positions are 7.4% lower than yesterday and 17.7% stronger since last week. Open interest is 4.1% weaker than yesterday and 0.0% below 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 1.34 as nearly 57% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 0.0% lower than yesterday and 24.2% weaker since last week. Short positions are 0.8% higher than yesterday and 49.7% stronger since last week. Open interest is 0.3% stronger than yesterday and 6.8% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.70 as nearly 63% of traders are long. Yesterday, the ratio was at 1.81 as 64% of open positions were long. In detail, long positions are 6.9% lower than yesterday and 6.3% stronger since last week. Short positions are 0.9% lower than yesterday and 12.0% weaker since last week. Open interest is 4.8% weaker than yesterday and 11.9% below 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 -1.47 as nearly 59% of traders are short. Yesterday, the ratio was at -1.22 as 55% of open positions were short. In detail, long positions are 14.9% lower than yesterday and 12.6% stronger since last week. Short positions are 2.1% higher than yesterday and 14.3% weaker since last week. Open interest is 5.5% weaker than yesterday and 5.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.84 as nearly 65% of traders are short. Yesterday, the ratio was at -2.28 as 69% of open positions were short. In detail, long positions are 14.8% higher than yesterday and 18.4% weaker since last week. Short positions are 7.2% lower than yesterday and 138.9% stronger since last week. Open interest is 0.5% weaker than yesterday and 35.2% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
Nothing worth having is easy.
- #2,450
- May 4, 2010 7:42am May 4, 2010 7:42am
- Joined Nov 2006 | Status: Trader | 4,419 Posts
to trade and code, keep both simple... no call to impress....h
- #2,451
- May 4, 2010 8:34am May 4, 2010 8:34am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
would be interesting to know their average length of trade......
Just been playing pin ball with the market .... US$ might need a rest soon ....Vive la US$
We have lift off 
Nothing worth having is easy.
- #2,456
- May 4, 2010 9:20am May 4, 2010 9:20am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
a/u is approaching lower med. lin H. and n/u is stalling near fib level. i already took half off. lets see if it will continue to fall like a knife or not.
Hi there, good charts and trades
. keep it up
- #2,458
- May 4, 2010 9:53am May 4, 2010 9:53am
- Joined Nov 2006 | Status: Trader | 4,419 Posts
Well if they are anything like me today, I'd say not long
and speakin of scary....... i was just thinkin, today must be a short term volitility traders dream..... or nightmare.......
reminds me why i ain't one......
and speakin of ain'ts,
ain't things suppose to go up with rate increases..... the boys and girls down under are, well,,,,,, just plain down under.....
//-----
my head hurts...... way to much thinkin for a hayseed...... somebody wake me up when it's over......h
to trade and code, keep both simple... no call to impress....h
- #2,459
- May 4, 2010 10:42am May 4, 2010 10:42am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
