Trading EURUSD only

Tech trader


http://www.forexfactory.com/attachme...1&d=1365509804

Cheers Bo

Edit:
Long 3045
Stop: BE
TP: Will have a look at 3129

Out of 48 long +12 have existing long @84

Waiting to re eneter long

SSI snapshot: crowds still heavily net-short EURUSD, marginally net-long GBPUSD

https://pbs.twimg.com/media/BHaNfbdCEAEuTjw.png:large

Careful my friend not sure what direction she's going yet

Ms Market is a drug addict. She is on uppers and downers and all arounders..

What does SSI mean?

Speculative Sentiment Index (Forex Capital Markets investment tool)



Most forex traders use fundamental and technical analysis to try to predict the direction of the forex markets, and to time their entries and exits. In the futures market, traders have access to a third tool to help them accomplish these goals, which provides insight to what the other traders are thinking—sentiment analysis in the form of positioning data.
Because the futures market is centralized in exchanges, traders can see where other traders are positioned in reports such as the CFTC’s weekly Commitments of Traders report. Unlike the futures markets, the forex market is largely conducted “over the counter,” meaning that it is decentralized.This makes it difficult to find comprehensive volume or open interest data. But DailyFX has taken measures in an attempt to fill this gap by offering clients access to FXCM Inc.’s (NYSE: FXCM) proprietary open-interest and positioning data.The Speculative Sentiment Index (SSI) provides live FXCM clients a virtually unparalleled view of forex-market sentiment. What’s more, the SSI is updated twice a day with current information on DailyFX PLUS. This is in stark contrast to the weekly Commitments of Traders reports, which only shows data that has been delayed for three days. DailyFX PLUS is a free signals-and-education website exclusively available to live FXCM clients.
The SSI reports provide information on how many FXCM accounts are short or long in each of 8 currency pairs.By following the SSI’s twice-daily updates, you can see how many traders are entering or exiting the markets. Many FXCM clients use the SSI as a contrarian indicator, and we believe that the SSI has been a reliable forecasting tool in the forex market in the past. Below is the SSI’s success story for the past week, focusing on EUR/USD, GBP/ USD, and USD/CHF. It should be noted, however, that past performance does not guarantee future results.

I think it is close to the OANDA positioning of traders long and short.

Thanks Bo:
It's all good!
I have my SL at +5,
so no danger.

Edit: TP at 3080

EUR/USD threatens daily highs

FXstreet.com (Córdoba) - After being rejected from the 1.3070 zone and following a short-lived correction, the EUR/USD resumed the upside and reached fresh session highs as the US currency gives ground on positive market mood.

EUR/USD bounced from a low of 1.3005 and climbed back to the upper-side of today's range, printing a session high of 1.3065 in recent dealings. At time of writing, EUR/USD is trading around 1.3060, up 0.4% on the day and not far from its 3-week high of 1.3068 scored earlier.

If the EUR/USD breaks above 1.3068 (intraday high), it could extend gains to the 1.3100/1.3107 area (high Mar 15/psychological level). On the downside, support levels are seen at 1.3005 (intraday low), 1.2968 (Apr 8 low) and 1.2950 (high Apr 4).

After further analysis i see 3129-3160 before any correction down. Let's see what happens.

not liking the DT on the 1h, that can change this...

She may bust it here

Morning Everybody, been busy tweaking my techniques and system, long at the moment, tp@3099.

JD, Wise, Uturn2 and of course, the formidable Steve Walker, a bigup to you all.

MY TP is there too, next entry will be after PA holds above 1.3131 (Weekly R1). Right now that lady dances with me pretty neat(Ms Market I mean). Nice feeling though. As it is right now RSI looks high, so it might stay at this level for a while.

Stay green my friend!

Got out long, few pips, fake breakout, now short, scalp +10, leaving second runner in

good spot for a base here