With so many speculators holding Euro long positions you're right you would expect them to unwind their positions which is another reason to be short EUR/USD.

Fundamentally-The Euro Rally is Dead:

He is saying they will go up in February. That's the current thinking of the ECB.

Fundamentally-The Euro Rally is Dead:

Trader1580 that isn't the distinction between commercials and non-commercials. Commercials have a commercial reason for wanting to own a financial instrument e.g. they are exporters wanting to hedge their risk. Non-commercials hold the financial ...

Fundamentally-The Euro Rally is Dead:

You have to pay attention to Trichet's words over the past year. Whenever he uses the phrase "continue to monitor very closesly all price developments" it means interest rates rise in 2 months time. "Vigilance" of course means interest rates will ...

Fundamentally-The Euro Rally is Dead:

I agree that the EURO rally is dead but I disagree with what you said about Trichet. He said the ECB would monitor "very closely" all price developments which is his way of announcing rates will probably go up in February. On the fundamental side ...

Fundamentally-The Euro Rally is Dead:

Of course go into any casino and you'll find idiots who think they're one of a select few to have "discovered" the martingale system and eventually lose all their money but while martingdale isn't itself a good strategy scaling into a position can ...

Do You Ever Double Down?

The problem is, 99% of traders are aware of the "the trend is your friend" slogan but 95% still fail. It takes more to be a successful trader than one silly little slogan. People were trying to "get in on the trend" when cable was at 1.98 when that ...

Is The Trend Really Your Friend?

What big gap SimonK?

Trading the NFP this friday

You mean the bit about central bank buying? That I suppose would be interesting if it was true but I personally doubt that central banks dabble in the futures market immediately after NFP.

Trading the NFP this friday

He was implying that more longs that shorts had been bought.

Trading the NFP this friday

I know that FXopportunist I'm just wondering what that Thompson.com guy's point was.

Trading the NFP this friday

The guy is talking about lots of long contracts being bought as if this is something significant but in truth the number of shorts was equal (as always with futures) so what's his point?

Trading the NFP this friday

For every future contract bought there's a contract sold. I can't see what this guy is getting at.

Trading the NFP this friday

Cable has already come down 300 pips in a week but I think we'll see new lows before new highs.

Trading the NFP this friday

I'm sure you're right that the big boys were in there but there was no conspiracy or anything. The technicals and fundamentals both favoured the dollar but there's always the "idiot rally" (aka exhaustion spike) at the end of a big move.

Trading the NFP this friday

Nothing to do with big boys power it's the end of a massive up move. So many fools wanted to jump way too late into the dollar bear move but the sensible players can see the move has gone too far and will reverse.

Trading the NFP this friday

Triple top just confirmed - the only way is down from here!

Trading the NFP this friday

A triple top on the daily EUR/USD chart is what I'm looking at right now.

Trading the NFP this friday

Calm down people, we still haven't even broken yesterday's high. Still looking bearish to me.

Cable Update (GBPUSD)

I mean on the 1 minute charts, the 5 minutes, the hourlies, dailies etc. You can't use them all because you'd constantly be getting different signals.

Trichet and ECB Rate increase.