Comments on: Short EUR positioning at record levels

By: Gabriel

Gabriel — Tue, 09 Feb 2010 06:27:55 +0000

I’m shorting aswell, shorted AudUsd too with tight stops.

By: Gabriel

Gabriel — Tue, 09 Feb 2010 06:26:03 +0000

Shean I’ve just commented that i saw sells around 1.720 and you come up with this wich confirms what I’m expecting.

By: Francesco

Francesco — Tue, 09 Feb 2010 06:23:03 +0000

Remember guys that when the accounts start to blow up, it’s time to go the opposite direction.

Simply because who gained will start to take profit and go the other way

By: Adje

Adje — Tue, 09 Feb 2010 05:11:14 +0000

I’m rather late then taking risk. I always remember what Jamie told about Newton. “What is in motion tends to stay in motion” Excelent reminder from Jamie.

By: Francesco

Francesco — Tue, 09 Feb 2010 05:07:06 +0000

For GBPJPY, I would start some small buying around 139 if possible

By: Francesco

Francesco — Tue, 09 Feb 2010 05:06:02 +0000

I started buying at 1.58 and doubled at 1.5640.

Keeping half of my margin intact just in case of further fall.
In forex you never know, but my feeling is that there is instead a lot of buying at these levels, and this consolidation is nothing but a chance to go long.

I don’t know about levels, but I would not be surprised to see Cable much closer to 1.70 this spring

By: Adje

Adje — Tue, 09 Feb 2010 04:54:39 +0000

Morning Sean, Maybe this will help a bit. but it’s always released at the end of the week.
http://www.forexrazor.com/Analysis/Commitment-of-Traders.aspx

By: Sean Lee

Sean Lee — Tue, 09 Feb 2010 04:46:05 +0000

I like your thinking Francesco, have yu any specific levels in mind for the GBP?

By: Francesco

Francesco — Tue, 09 Feb 2010 04:44:16 +0000

The more shorts or longs we have, the more are the chances of a squeeze.
I agree with Sean that market is quite over reacting, and I am trying to build longs position, especially on GBPUSD and GBPJPY, that felt with EUR in simpathy.

By: Donnie Z

Donnie Z — Tue, 09 Feb 2010 04:14:21 +0000

On oanda, there is 59/41 long to short with 29% more activity but this is based on a an hourly sample. according to their chart it’s gone up from about 55/45 the last 24 hr period.

Thank so you so much for the blog updates.

Take care,

Donnie

By: Sean Lee

Sean Lee — Tue, 09 Feb 2010 03:57:12 +0000

Thanks for the excellent intel and links. It does indeed look like the EUR market is betting the house on more big falls.

By: simon

simon — Tue, 09 Feb 2010 03:54:50 +0000

well we all know what happens when the mkt gets too long or short , in this case short, it can only go one way and thats in the other direction, case in point gold got to very lofty levels and if u belive the COT data massively overbought until december 2009 that is

By: CHRIS

CHRIS — Tue, 09 Feb 2010 03:54:22 +0000

Net short position Euro are the highest since its was started
Risk Aversion in Forex Market
http://www.cnbc.com/id/15840232?video=1407535800&play=1

By: Zeke

Zeke — Tue, 09 Feb 2010 03:54:04 +0000

EToro’s showing 67% short E/U . 1.36 looks a yummy buy. I switched to the ‘bold’ side on A/U Sean. Rollover was the clincher.

By: jack b

jack b — Tue, 09 Feb 2010 03:53:48 +0000

Found this story:

http://www.ft.com/cms/s/0/0330ba78-149f-11df-9ea1-00144feab49a.html?nclick_check=1

By: Sean Lee

Sean Lee — Tue, 09 Feb 2010 03:48:20 +0000

Thanks Peter, that’s excellent.

By: Zeke

Zeke — Tue, 09 Feb 2010 03:46:06 +0000

A very influential web-guy’s been calling E/U 1.35 since around December-ish. This would mean people holding out from 1.42-ish. and even some holding chunky 1000 pip’ers from close to the beginning of the month.

By: Peter

Peter — Tue, 09 Feb 2010 03:45:01 +0000

On DailyFX Plus (FXCM) 53% of traders are long EURUSD. 53% of FXCM customers, that is.