DislikedClosed my 2nd S&P500 futures at 1106, +327 pips, still have one short openIgnored
I can only get currency, gold and silver in MT4 platform.
What do you use for sp500, dj and other index for charting. Thanks.
Weekly COT report Analysis + Trade Ideas
- #2,626
- May 8, 2010 6:37am May 8, 2010 6:37am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
G'day Shahab - nice trading 
Your broker must adore you 
Gotta love this volatility. A/J is bouncing all over the place. I don't even dare to close a trade manually at the moment - I was just scalping for 10 pips at a time and some trades were being closed in a blink of an eye. Open interest has dropped significantly across the board on the SSI. Every currency is below it's monthly average. That always says to me that more than a few traders probably got their butt handed to them this week.
SSI: FXCM Speculative Sentiment Index (SSI) Statistics:
Friday, 07 May 2010 17:29 GMT
Written by John Kicklighter
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
USDJPY - The ratio of long to short positions in the USDJPY stands at 2.31 as nearly 70% of traders are long. Yesterday, the ratio was at 3.44 as 78% of open positions were long. In detail, long positions are 12.8% lower than yesterday and 23.1% weaker since last week. Short positions are 30.3% higher than yesterday and 40.2% weaker since last week. Open interest is 3.1% weaker than yesterday and 28.9% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.33 as nearly 57% of traders are long. Yesterday, the ratio was at 1.32 as 57% of open positions were long. In detail, long positions are 3.6% lower than yesterday and 6.6% weaker since last week. Short positions are 3.9% lower than yesterday and 43.6% weaker since last week. Open interest is 3.7% weaker than yesterday and 19.8% below 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 1.28 as nearly 56% of traders are long. Yesterday, the ratio was at 1.71 as 63% of open positions were long. In detail, long positions are 12.0% lower than yesterday and 9.6% weaker since last week. Short positions are 17.9% higher than yesterday and 28.3% weaker since last week. Open interest is 1.0% weaker than yesterday and 24.7% 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 1.76 as nearly 64% of traders are long. Yesterday, the ratio was at 1.92 as 66% of open positions were long. In detail, long positions are 9.1% lower than yesterday and 4.9% weaker since last week. Short positions are 0.8% lower than yesterday and 55.0% weaker since last week. Open interest is 6.3% weaker than yesterday and 31.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.13 as 53% of open positions were long. In detail, long positions are 4.5% lower than yesterday and 35.5% weaker since last week. Short positions are 8.4% lower than yesterday and 19.8% weaker since last week. Open interest is 6.3% weaker than yesterday and 37.5% 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 -1.23 as nearly 55% of traders are short. Yesterday, the ratio was at -1.18 as 54% of open positions were short. In detail, long positions are 7.5% lower than yesterday and 43.5% weaker since last week. Short positions are 3.4% lower than yesterday and 1.8% weaker since last week. Open interest is 5.3% weaker than yesterday and 33.8% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.29 as nearly 70% of traders are long. Yesterday, the ratio was at 2.39 as 71% of open positions were long. In detail, long positions are 12.2% lower than yesterday and 35.9% stronger since last week. Short positions are 8.4% lower than yesterday and 56.3% weaker since last week. Open interest is 11.1% weaker than yesterday and 19.4% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.01 as 50% of open positions were short. In detail, long positions are 6.1% lower than yesterday and 1.6% stronger since last week. Short positions are 10.6% higher than yesterday and 42.7% weaker since last week. Open interest is 2.3% stronger than yesterday and 10.0% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
USDX Daily and Weekly
USDX obviously exceeded my expectations. Maybe the new trading range will be between 61.8% and 78.6% fibs now.
Your broker must adore you Gotta love this volatility. A/J is bouncing all over the place. I don't even dare to close a trade manually at the moment - I was just scalping for 10 pips at a time and some trades were being closed in a blink of an eye. Open interest has dropped significantly across the board on the SSI. Every currency is below it's monthly average. That always says to me that more than a few traders probably got their butt handed to them this week.SSI: FXCM Speculative Sentiment Index (SSI) Statistics:
Friday, 07 May 2010 17:29 GMT
Written by John Kicklighter
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
USDJPY - The ratio of long to short positions in the USDJPY stands at 2.31 as nearly 70% of traders are long. Yesterday, the ratio was at 3.44 as 78% of open positions were long. In detail, long positions are 12.8% lower than yesterday and 23.1% weaker since last week. Short positions are 30.3% higher than yesterday and 40.2% weaker since last week. Open interest is 3.1% weaker than yesterday and 28.9% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.33 as nearly 57% of traders are long. Yesterday, the ratio was at 1.32 as 57% of open positions were long. In detail, long positions are 3.6% lower than yesterday and 6.6% weaker since last week. Short positions are 3.9% lower than yesterday and 43.6% weaker since last week. Open interest is 3.7% weaker than yesterday and 19.8% below 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 1.28 as nearly 56% of traders are long. Yesterday, the ratio was at 1.71 as 63% of open positions were long. In detail, long positions are 12.0% lower than yesterday and 9.6% weaker since last week. Short positions are 17.9% higher than yesterday and 28.3% weaker since last week. Open interest is 1.0% weaker than yesterday and 24.7% 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 1.76 as nearly 64% of traders are long. Yesterday, the ratio was at 1.92 as 66% of open positions were long. In detail, long positions are 9.1% lower than yesterday and 4.9% weaker since last week. Short positions are 0.8% lower than yesterday and 55.0% weaker since last week. Open interest is 6.3% weaker than yesterday and 31.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.13 as 53% of open positions were long. In detail, long positions are 4.5% lower than yesterday and 35.5% weaker since last week. Short positions are 8.4% lower than yesterday and 19.8% weaker since last week. Open interest is 6.3% weaker than yesterday and 37.5% 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 -1.23 as nearly 55% of traders are short. Yesterday, the ratio was at -1.18 as 54% of open positions were short. In detail, long positions are 7.5% lower than yesterday and 43.5% weaker since last week. Short positions are 3.4% lower than yesterday and 1.8% weaker since last week. Open interest is 5.3% weaker than yesterday and 33.8% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.29 as nearly 70% of traders are long. Yesterday, the ratio was at 2.39 as 71% of open positions were long. In detail, long positions are 12.2% lower than yesterday and 35.9% stronger since last week. Short positions are 8.4% lower than yesterday and 56.3% weaker since last week. Open interest is 11.1% weaker than yesterday and 19.4% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.01 as 50% of open positions were short. In detail, long positions are 6.1% lower than yesterday and 1.6% stronger since last week. Short positions are 10.6% higher than yesterday and 42.7% weaker since last week. Open interest is 2.3% stronger than yesterday and 10.0% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
USDX Daily and Weekly
USDX obviously exceeded my expectations. Maybe the new trading range will be between 61.8% and 78.6% fibs now.
Nothing worth having is easy.
- #2,628
- May 8, 2010 6:47am May 8, 2010 6:47am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
G'day Shahab - nice trading
btw, are you saying A/J is bouncing right now on you Oanda platfrom? I took few long A/U on late Fri, assuming we might see gap on Mon.
- #2,629
- May 8, 2010 6:54am May 8, 2010 6:54am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Nothing worth having is easy.
- #2,637
- May 8, 2010 8:07am May 8, 2010 8:07am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Patience, thank you for the weekly report, but I wonder what's happened to the rest of the report? I see only up to page 3. If you uploaded like that, it's OK, don't bother to do it again.
While I am at it, can I just quote a couple of Igrok's latest posts
Don't slit your wrists just yet ...I have already mentioned it a lot of times and do it once again: I still think that the parity on EUR/USD is a must. Most likely the bottom will be formed somewhere around .9550-9650 level. Timing is unknown to me but for the moment the market is likely to calm down a bit and to retrace today's losses. At least partially. The next USD bullish rally are likely to be driven but the burst of the gold bubble and the AUD and CAD will be become the losers of the decade pretty much like they have been the winners for the last year or two.
Retracements are likely to occur over the next couple of weeks or so. Then the uptrend on the USD should resume. For the DJIA the next target and support is likely to be around 8.000 (I would say that this is another "must reach" target). Such move is likely to be followed by some sort of range trading ( 8K-11K) before another bearish wave comes in targeting 3000-3500 level initially. The burst of "gold bubble" could be seen as the next potential excuse for the USD rally and the eventual collapse of AUD and CAD. For the AUD/USD the longer-term...
Nothing worth having is easy.
- #2,638
- Edited 8:35am May 8, 2010 8:23am | Edited 8:35am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
That's funny. I just got to the end of page 3 and noticed the same. That's it unfortunately. Error from their end and they obviously haven't noticed because they haven't sent another email through attaching a complete report. If they do, I'll re-post it.
While I am at it, can I just quote a couple of Igrok's latest posts
Thanks. Speaking of gold and E/U , do you remember I told you Gold should go up again in order to complete the whole multi decade up trend? I think if we see a double top, that will satisfy the wave count, after that free fall will come.for E/U , I think we will see parity as I posted before.
- #2,639
- Edited 9:31am May 8, 2010 9:05am | Edited 9:31am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Thanks. Speaking of gold and E/U , do you remember I told you Gold should go up again in order to complete the whole multi decade up trend? I think if we see a double top, that will satisfy the wave count, after that free fall will come.for E/U , I think we will see parity as I posted before.
Anyway where is all that money going to go once the gold bubble bursts? US$/Treasuries?
[EDIT] Have a look at this article. Funny ..... http://market-ticker.org/archives/22...ER-Spikes.html
Nothing worth having is easy.
- #2,640
- May 8, 2010 9:45am May 8, 2010 9:45am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
You know I don't like shorting gold - I haven't touched it for months now. I agree that it should re-test the highs and you can imagine everyone will be thinking double top and will be shorting the stuffing out of it but I am thinking that it will go further than that after an initial retrace at the double top. With all this fear in the market, I just don't think we've seen the top and I find it really difficult to short bullish weekly and monthly candles. $1,500 anyone?
Anyway where is all that money going to go once the gold bubble bursts?...