Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

The currency gained most against Euro has been the Loonie ... what a nice 1200+ pips run it has been ...

Does anyone know of a site that monitors the USD index on a say 5 minute live basis?

Thank you my pedantic friend..... ok here is what I wanted to ask..

What are those two purple lines on your charts? .....

lol

Thank you in advance... I need to be extra careful how I word my posts in future. I have taught English in the past, so if anyone needs any grammar tips .... should that be 'I teached' ???

Originally Posted by Flyba

Thank you my pedantic friend..... ok here is what I wanted to ask..

What are those two purple lines on your charts? .....

lol

Thank you in advance... I need to be extra careful how I word my posts in future. I have taught English in the past, so if anyone needs any grammar tips .... should that be 'I teached' ???

In a moment of typical grammatical ignorance, and in the process of discussing something very important to the client - the Head of English for our Counties most prestigous Private School, I said:

"I seen that too"

He replied: "I saw.." and smiled proudly.

I looked at him, deep into the eyes, and knew who was most important to who in this moment.

I asked: "Are You here to correct my English, or to hear the essence of what I have to say so that You have foundations to make the biggest financial decision of Your life ?"

He smiled, and conceded.

The purple lines... the flat one is to mark the dips on the RSI Divergence.

The other one is the faster RSI, and the Blue the slower RSI.

Best wishes, and Thank You for being direct.

Good Morning Traders! I just wanted to share the Speculative Sentiment Index (SSI) readings for the Euro that DailyFX provides free for its live clients in the premium DailyFX+ section. SSI shows how FXCM retail clients are positioned on particular currency pairs. It is a contrarian indicator which means that if more retail clients are short a currency pair than long, then this would signal more gains for that pair. If more retail clients were long a currency pair than short, then this would indicate more losses for that pair.

SSI is updated twice daily. You can receive a limited free trial HERE http://www.fxcm.co.uk/forex-signals.jsp

In the case of the Euro 60 % of retail traders are long. This is the SSI description written by David Rodriguez, Quantitative Strategists:

"EURUSD - The ratio of long to short positions in the EURUSD stands at 1.50 as nearly 60% of traders are long. Yesterday, the ratio was at 1.30 as 57% of open positions were long. In detail, long positions are 0.3% higher than yesterday and 81.8% stronger since last week. Short positions are 13.0% lower than yesterday and 31.3% weaker since last week. Open interest is 5.5% weaker than yesterday and 2.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses."

Originally Posted by s_slo87

Does anyone know of a site that monitors the USD index on a say 5 minute live basis?

Hello s_slo87,

You can access a US Dollar Index 5-Minute Chart at
Forex Charts | Currency Charts

Originally Posted by Gregory McLeod

Good Morning Traders! I just wanted to share the Speculative Sentiment Index (SSI) readings for the Euro that DailyFX provides free for its live clients in the premium DailyFX+ section. SSI shows how FXCM retail clients are positioned on particular currency pairs. It is a contrarian indicator which means that if more retail clients are short a currency pair than long, then this would signal more gains for that pair. If more retail clients were long a currency pair than short, then this would indicate more losses for that pair.

SSI is updated twice daily. You can receive a limited free trial HERE Forex Trading Signals

In the case of the Euro 60 % of retail traders are long. This is the SSI description written by David Rodriguez, Quantitative Strategists:

"EURUSD - The ratio of long to short positions in the EURUSD stands at 1.50 as nearly 60% of traders are long. Yesterday, the ratio was at 1.30 as 57% of open positions were long. In detail, long positions are 0.3% higher than yesterday and 81.8% stronger since last week. Short positions are 13.0% lower than yesterday and 31.3% weaker since last week. Open interest is 5.5% weaker than yesterday and 2.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses."

Good Morning Greg and Thank You.

Perfect Wave 4 scenario then

How to read this indicator Greg ? Is that Green line showing the number of people going Long ? if yes, then what a wonderful Inverse relationship it has with the trend / price action

Originally Posted by Gregory McLeod

Good Morning Traders! I just wanted to share the Speculative Sentiment Index (SSI) readings for the Euro that DailyFX provides free for its live clients in the premium DailyFX+ section. SSI shows how FXCM retail clients are positioned on particular currency pairs. It is a contrarian indicator which means that if more retail clients are short a currency pair than long, then this would signal more gains for that pair. If more retail clients were long a currency pair than short, then this would indicate more losses for that pair.

SSI is updated twice daily. You can receive a limited free trial HERE Forex Trading Signals

In the case of the Euro 60 % of retail traders are long. This is the SSI description written by David Rodriguez, Quantitative Strategists:

"EURUSD - The ratio of long to short positions in the EURUSD stands at 1.50 as nearly 60% of traders are long. Yesterday, the ratio was at 1.30 as 57% of open positions were long. In detail, long positions are 0.3% higher than yesterday and 81.8% stronger since last week. Short positions are 13.0% lower than yesterday and 31.3% weaker since last week. Open interest is 5.5% weaker than yesterday and 2.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses."

Originally Posted by Gregory McLeod

Hello s_slo87,

You can access a US Dollar Index 5-Minute Chart at
Forex Charts | Currency Charts

Thank you!

Originally Posted by Colly

Good Morning Greg and Thank You.

Perfect Wave 4 scenario then

Hello Colly! Good morning! You are very welcome!

Originally Posted by Colly

In a moment of typical grammatical ignorance, and in the process of discussing something very important to the client - the Head of English for our Counties most prestigous Private School, I said:

"I seen that too"

He replied: "I saw.." and smiled proudly.

I looked at him, deep into the eyes, and knew who was most important to who in this moment.

I asked: "Are You here to correct my English, or to hear the essence of what I have to say so that You have foundations to make the biggest financial decision of Your life ?"

He smiled, and conceded.

The purple lines... the flat one is to mark the dips on the RSI Divergence.

The other one is the faster RSI, and the Blue the slower RSI.

Best wishes, and Thank You for being direct.

Hey Colly,

Thanks for that. You mentioned it in an earlier post. I appreciate it.

As for the head of English ... he made a schoolboy error I think.

Fly

Originally Posted by asherewt

How to read this indicator Greg ? Is that Green line showing the number of people going Long ? if yes, then what a wonderful Inverse relationship it has with the trend / price action

Hello Asherewt,

The green line is the amount of long positions on Friday. Look back on the 28th of December when long positions were going down, price was going up.

Here's a little thing I have been monitoring the last week or so for a sign of a s/t rebound.......it's a bit basic but has me curious...

Its a simple 24 period ma on the hourly. Market has respected it nicely on a closing basis since the leg down from 34+ began.

Whilst we keep closing below it and especially while price must now stay below 2940 then s/t shorts still in order....

...however the downleg looks to be running out of steam a little and if we get a decisive hourly close much above say 2920 or penetrate 2940 then I believe the bounce we are looking for comes into focus and we may get a short covering rally back above 1.30

rgds
c-c

I'm not sure if I'm able to understand it well. If the number of Long positions were declining on 28th shouldnt the Price go down rather because a decline in the number of Bulls means increase in the number of Bears ...

or am I missing something ?

Originally Posted by Gregory McLeod

Hello Asherewt,

The green line is the amount of long positions on Friday. Look back on the 28th of December when long positions were going down, price was going up.

ECB gives Portugal temporary lifeline, traders say | Reuters

Interesting article. Which includes the following quote:

'But economists and market analysts said it was widely regarded as only a matter of time before high-deficit Portugal, with a stagnant economy that has lost competitiveness since joining the euro area, had to seek aid'.