Weekly COT report Analysis + Trade Ideas

hi guys

2B pattern
divergence
break of 1hour trend
shooting star candle

http://www.forexrainbow.com/files/7i...piuiz8ky5j.gif

Well spotted.

Bearish engulfing candle on H4 to boot. Could go all the way down to 1.2780 area for a retest of R > S and trendline bounce.

Here you go

I'm watching the same, spot on

U/Cad

watch out this one, dont forget we have BOC rate desicion coming in 2 hrs

hi all....

While my analysis on most of the charts I posted here in recent days was horribly off, at least e/c did well. The third flag broke south, did a classic retest, and now looks to be bouncing off the 1.3425-75 area.

Btw, still interested in that list of recommended books, Shahab. No need for the actual ebooks as far as I'm concerned. A list of titles will do just fine.

I didn't think you did. Hmmmm, what's up with that Yen? I thought that it might have had a bit more oomph than it did. Market too scared to push BoJ yet. Not that I mind of course, my baby A/J is flying high like a cocaine addict


SSI: GBPUSD Sees a 13% Drop in Retail Long Interest, GBPJPY a 50% Jump in Shorts
Tuesday, 20 Jul 2010 19:56 GMT
Written by John Kicklighter

FXCM Speculative Sentiment Index (SSI) Statistics:

Intraday Highlight:

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.09 as nearly 52% of traders are long. Yesterday, the ratio was at 2.16 as 68% of open positions were long. In detail, long positions are 24.1% lower than yesterday and 16.5% stronger since last week. Short positions are 50.4% higher than yesterday and 19.2% weaker since last week. Open interest is 0.5% weaker than yesterday and 0.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.46 as 59% of open positions were short. In detail, long positions are 2.0% higher than yesterday and 17.5% stronger since last week. Short positions are 1.8% lower than yesterday and 6.6% weaker since last week. Open interest is 0.3% weaker than yesterday and 7.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.35 as nearly 57% of traders are short. Yesterday, the ratio was at -1.08 as 52% of open positions were short. In detail, long positions are 13.3% lower than yesterday and 0.1% stronger since last week. Short positions are 8.5% higher than yesterday and 17.8% weaker since last week. Open interest is 2.0% weaker than yesterday and 2.5% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

USDJPY - The ratio of long to short positions in the USDJPY stands at 4.64 as nearly 82% of traders are long. Yesterday, the ratio was at 5.40 as 84% of open positions were long. In detail, long positions are 4.3% lower than yesterday and 20.1% stronger since last week. Short positions are 11.3% higher than yesterday and 18.3% weaker since last week. Open interest is 1.9% weaker than yesterday and 7.4% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at 2.41 as nearly 71% of traders are long. Yesterday, the ratio was at 2.16 as 68% of open positions were long. In detail, long positions are 3.0% lower than yesterday and 19.2% weaker since last week. Short positions are 13.0% lower than yesterday and 3.8% stronger since last week. Open interest is 6.1% weaker than yesterday and 5.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.37 as nearly 58% of traders are long. Yesterday, the ratio was at 1.19 as 54% of open positions were long. In detail, long positions are 16.9% higher than yesterday and 10.9% weaker since last week. Short positions are 1.9% higher than yesterday and 27.9% stronger since last week. Open interest is 10.0% stronger than yesterday and 2.8% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.12 as 53% of open positions were short. In detail, long positions are 8.4% lower than yesterday and 13.5% weaker since last week. Short positions are 14.7% higher than yesterday and 19.0% weaker since last week. Open interest is 3.8% stronger than yesterday and 7.8% below 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 -1.18 as nearly 54% of traders are short. Yesterday, the ratio was at -1.12 as 53% of open positions were short. In detail, long positions are 1.0% lower than yesterday and 26.8% stronger since last week. Short positions are 4.0% higher than yesterday and 51.2% weaker since last week. Open interest is 1.6% stronger than yesterday and 15.5% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

HI Buddy sorry for not posting often enough.

http://img339.imageshack.us/img339/3366/shahab8b.png

5450 - 5150 range to play with, is she(gbp) gonna stay in that range for a while now? one month?

Thanks,
ben

A/U:H & Sh

Hi mate,
How are you? How has been trading?

Hi guys
I think we have a buy opportunity on USDJPY.

hi guys
seems variety of patterns going to be formed in different pairs.


USDCAD240

http://www.forexrainbow.com/files/d1...r675t7sa6t.gif

EURCAD60

http://www.forexrainbow.com/files/xt...8f0eax05tm.gif

NZDUSD15

http://www.forexrainbow.com/files/w0...ycrpff73fd.gif

AUDNZD240

http://www.forexrainbow.com/files/bp...ga1si9l0vg.gif

EURGBP240

http://www.forexrainbow.com/files/ue...k704u9ywfn.gif

Great call Dhb

Great charts!! Well done

U/Cad