I posted this on my Bxxx, when it was still at 1.4640. and of course my readers got it much earlier.

all the moves so far since Christmas has been as planned like Clockwork.

I am surprised to read pple still read the so called SSI. It Is like Bhutto going back to Pakistan at the invitation of Musharraf. (you know what happened next).

Or like me giving Heidi Kluum a top grade Shiraz spiked with asphrodisiac.
(An aphrodisiac is an agent which is used to increase sexual desire. The name comes from the Greek goddess of Sensuality Aphrodite. )

Essentially SSI is an aphrodisiac. what a complements, it gets you all high with a desire to lose monies (a.k.a. to SxRxx yourselves)

I realise there are a lot of pple here, doing serial trading, trade both long and short at the same time, hold positions 500 pips loss, not using technical analysis at all, trade real monies in millions. My Gosh !!!! you guys need to goto a clinic. AND surprising most are holding positions in the same directions counter trend !!!

Actually trading is so simple, and you guys are messing it up.

Where are your readers, and how do I become one?

Where are your readers, and how do I become one?

EUR is still persistently testing 1.4750, and I think that once we see a break above this level we'll see record highs once again. Looking towards the next month, there's not much to support the case for a major turn in EURUSD (from a fundamental perspective), especially as talk about the gloomy status of the US economy/Fed cuts dominate the news. However, we do have the ECB meeting on Feb 7. If Trichet cools his hawkish rhetoric, this could be a nail in the coffin for EURUSD. Until then...Euro bulls will likely remain in control.

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too many bulls around, need to flush them out.

anyway, goto Google and search "dollarpro", you would find me.

My mistake...there's an ECB meeting on January 10...

Agree Terri and we may have a breakout:

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__________________
Keep in mind that neither success nor failure is ever final. --Roger Babson (1875-1967)
YTD +5%

I certainly do not believe the Euro has until Feb before a change in season. This move, along with gold's move, etc, is mainly based on oil's speculative play which is likely to change very soon. These irrational levels will not last two weeks (in my opinion), let alone a month.

Personally, I love it. I'm establishing nice shorts in Eur/Usd, and especially EUR/AUD.

Ivan the Great, hmmm, "shorts in Eur/Usd", I worship you.

i am inclined to agree with terri that once 1.4750 cracks we should see higher prices. I want to go short myself but with momentum building on usa rate cuts and ism worsening i dont want to be caught short going against the grain.
Im searching for fib levels now 1.4717 61.8 cracked and now 1.4750.
I think i will wait until nfp comes out and if its poor maybe look to get short monday and things have cooled off,just an idea as although these levels more than tempting i will have egg on my face if nfp is weak.

Hi, are you the Steve Pearson from HBOs ?the fellow who made the most accurate USD forecast for end 2005 ?

The ratio of long to short positions in the EURUSD stands at -1.60 as nearly 61% of traders are short, according to the FXCM execution desk data on the positioning of more than 7.214 retail traders. In detail, long positions are 23.1% higher than yesterday and 8.0% weaker since last week. Short positions are 16.8% higher than yesterday and 29.1% stronger since last week. In the past, when retail was short and selling more, the EURUSD has rallied in the following days. Assuming this contrarian pattern will occur again, the SSI gives us a signal to buy euros and we believe the EUR/USD could test 1.50 in the week ahead.

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if you have an urge to short something, GBPUSD would be a good candidate.
it drifted from 1.9900 to 1.9800, now testing 1.9700, soon it would be
testing 1.9600.

expect a lot of sharp swings to clear the shorts.

With NFP around the corner, may be a good idea to sit on the sideline and see what it looks like tomorrow. But, i will definately look to short tomorrow on a quick pop in the EUR, unless the NFP is a disaster. But, anything around 20-70K will get a quick pop in the EUR, but, highly doubt it will last, all that have been buying will use the shorts stop-losses to get out and then contiue to sell out. Any short above 1.47800 is what i am looking for, but will wait for the NFP first and if around 30-70K will short any pop above 1.4780, prob hit 1.4810/20 could be a very good entry point at 1.4810/20. But this is all void if the payrolls are very poor, negative number or a tiny above par, or if the unemployment rate moves to 4.9 or 5.0. Other than that i don't really see a reason to buy EUR's at these levels. Although seems like everyone today was buying it on any dips, prob, looking for that pop to 1.48 tomorrow. Even if the number is very good 80-120 it will just give the buyers to buy more on the drop and run it. So my opinion is 1.48 is pretty much a safe bet, and will be shorting 1.48++, unless the numbers are bad, especially if they are negative.

P.S. I am selling 1 lot at 1.50, any buyers? Lets make history. Oil market did it why can't we.

Just my opinion

Been skulking around on this and the GBP threads for a while. Thanks to all for the interesting and helpful posts.

Thanks
Dave