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12-14-2007, 12:47 PM
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Moderator
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Join Date: Jan 2005
Posts: 748
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GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.47 as nearly 60% of traders are long. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 21.4% higher than yesterday and 78.6% stronger since last week. Short positions are 11.3% lower than yesterday and 21.5% weaker since last week. Open interest is 5.7% stronger than yesterday and 14.6% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
Source: FXCM Execution Desk
For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html
For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968. |
12-14-2007, 01:14 PM
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100 Post Club
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Join Date: May 2005
Posts: 876
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British pound beginning bull run?
Jamie's brief cite's 2.0180 as the extent to the bullish view which has today been surpassed. I expect that a close below this level by tonight will set the scene for a drop to 2.0071 and then $2, where that I reckon Sterling will have to fight with a heavy defense if it is to stay above £1 = $2. Below these levels I'd watch for 1.9810 then the May and August low's for an intermediate bottom. Above here, .0304 and .0350 I'd look for to cap rallies.
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12-14-2007, 04:33 PM
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Join Date: Sep 2005
Posts: 74
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Learning by mistakes
well at last i was on a winning role today from 2.380 down to 2.250 and there it was where I bailed ship, came home later on tonight just to check the market and how the Pair settled, I was somewhat surprised that it did make it down to the 2.185 level, I thought this may well happen next week, ah well.......I made a good prophet today and all on my Birthday as well, maybe a sign of good times ahead......do we think that the pair will breach the 2.000 level this year? we are now only 170 pips or so away now......hmmmm how very interesting the market can be
ahhh..the thing with learning by mistakes ,,,,,I generally pile way to much cash in on a trade when I am positive about the direction, this time due to lots of trial and a load more error I decided to hold back a bit and guess what, I am still out there with a healthz account...
take care all and a Happy crimbo to everyone at FXM and all Forum Members
'Take what you can and give nothing back'
Vince - England
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12-14-2007, 06:50 PM
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100 Post Club
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Join Date: May 2005
Posts: 876
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Good Job, Vince. Isaiah would be so proud ...
Blackday - Out there, somewhere.
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12-15-2007, 04:11 AM
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Join Date: May 2007
Posts: 444
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It's clear as the holy water!
If my analysis is right, weekly MACD is supporting bearish scenario. histogram's negative divergence and support line breakout.
I will wait for a pullback. It seems 2.0290/.0340 could be good zone to reset shorts.
Feedback?
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12-15-2007, 04:21 AM
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Join Date: Nov 2007
Posts: 112
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stuck ??
Quote:
Originally Posted by Black.day
Good Job, Vince. Isaiah would be so proud ...
Blackday - Out there, somewhere.
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hi
i am stuck on the buy side with 4 contracts with march expiry on the futures, 203.30
i am thinking of holding on as i have time untill march.
another alternative would be, to that
i would like to double sort 8 contracts hoping the pound goes to 109.8 only to recove my losses
i am leanning more towards holding on know the pound, although lately the news have been so +ve for the dollar, but i reaaly hope i can square off soon.
any suggestions would be extremely appreciated, ?
thanks a bunch and god bless !! |
12-15-2007, 04:22 AM
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Member
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Join Date: Nov 2007
Posts: 112
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hi
i am stuck on the buy side with 4 contracts with march expiry on the futures, 203.30
i am thinking of holding on as i have time untill march.
another alternative would be, to that
i would like to double sort 8 contracts hoping the pound goes to 109.8 only to recove my losses
i am leanning more towards holding on know the pound, although lately the news have been so +ve for the dollar, but i reaaly hope i can square off soon.
any suggestions would be extremely appreciated, ?
thanks a bunch and god bless !!
For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html
For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.[/quote] |
12-15-2007, 04:29 AM
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Join Date: Sep 2005
Posts: 74
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ahaaa
[quote=Black.day;142137]Good Job, Vince. Isaiah would be so proud ...
he would have been even more proud to know that I made a profit yesterday, me and my spelling sometimes.....and I also noticed that I have a healthz account instead of a healthy one....ahhhh it's all down to this keyboard we have......I won't go into details...
I know that 'Davetheeagle' is trading in aroud work, I would be interested to know how many, who write in this Forum Trade around regular work, (moderators not including)
Vince
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12-15-2007, 07:40 AM
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Join Date: Dec 2007
Posts: 18
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I am usually trading after work. Too busy to monitor during working hours.
Does anyone have an opinion on EURGBP? Looking at the charts it seems that EUR is dropping faster than GBP against USD and a high has been established in the EURGBP pair at 72.38. Is it too late now at 71.52 to short and hope for a drop to 70.00?
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12-15-2007, 10:06 AM
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Join Date: Nov 2007
Posts: 37
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Stuck
Quote:
Originally Posted by manglanimanish
hi
i am stuck on the buy side with 4 contracts with march expiry on the futures, 203.30
i am thinking of holding on as i have time untill march.
another alternative would be, to that
i would like to double sort 8 contracts hoping the pound goes to 109.8 only to recove my losses
i am leanning more towards holding on know the pound, although lately the news have been so +ve for the dollar, but i reaaly hope i can square off soon.
any suggestions would be extremely appreciated, ?
thanks a bunch and god bless !!
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Since you have to March I would wait a bit and see what develops over the next couple of weeks. I posted my opinions on the end of the year for the EUR, and not sure why its not up yet, I can't see that the USD will rise much more into year end, and if it does it will be the first time in 6 years that it did not follow historical patterns of the last 2 weeks of Dec. But, if there is a bounce in the GBP, I would look into dumping the contracts. As for buying more to average down, its all up to the amount of capital your working with and your risk/reward. But, you have time and would hang tight for a bit and see what develops.
Good luck
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12-16-2007, 08:43 AM
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Join Date: Dec 2007
Posts: 1
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Retrace to EMA 7 ??
Hello everyone 
I see Cable will retrace to EMA 7 2.0284 before it follows the 4h TF trend to 2.000 area
But if it can break the 100 fibo . we will see her to 2.0400 area
Please comment ..thank you |
12-17-2007, 02:35 AM
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Moderator
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Join Date: Jan 2007
Posts: 399
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Does Cable Have 2.00 Written All Over It?
With Dollar Bull Move picking up steam cable look like it's ready to target a test 2.00 handle. If 2.01 falls and US data proves supportive 2.00 could be in sights.
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12-17-2007, 02:48 AM
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Join Date: Sep 2007
Posts: 172
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Closed out half my position at 2.0125. Stop in place at 2.0200 and further sale order at 2.0100. Now where's my party hat?
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12-17-2007, 03:25 AM
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Join Date: Jan 2007
Posts: 808
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Quote:
Originally Posted by davetheeagle
Closed out half my position at 2.0125. Stop in place at 2.0200 and further sale order at 2.0100. Now where's my party hat?
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Not sure where your party hat is, but I've got some confetti.
I've been away since the middle of last week, and it looks like I missed out on some GREAT price action. Not to jump on the bandwagon, but Cable does look primed to target 2.00, especially as UK data isn't likely to prove very bullish for the pair this week. |
12-17-2007, 03:28 AM
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Posts: 205
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Cable just did retest of the longer term channel support. Let's see if it holds.
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