Sell Eur/Usd

[Iris]

Sell Eur/Usd...........................

Sell Eur/Usd.......1.1660.......Stop @ 1.1730

Target 1.1550

2nd Target 1.1500

[markash]

Iris.....

I am just wondering what pip movement constitutes a clean break upside? Or is there a time factor as well?

Thank you in advance

[Iris]

A Prior Post on Net Committment of Traders data.....

Net Trader Positions/Market Sentiment

Sergio......Fairwind.........TraderGuy.....

An example if the Commercials are Short 8,000 contracts.....and Long 10,000 contracts you would subtract the +10k from the -8k for a +2,000 Net Position....Net Majority Commercial Positions is the Formula that will enable you to have an accurate assesment
of this powerful group....and a index of current/future Directional
Price Movement based on Commercial Net Positions.

The CFTC does not Net Position data.......that is our job.

A Excellent site for Net Committment of Traders data......
Commercials...Large Spec's.....Small Spec's.........
www.softwarenorth.com/trading/...........
They release weekly updates every Friday...end of day.
You can download their data.....and its Free.

Best Regards,

Iris

[Iris]

The Net Committment of Traders Post was on 9/9/03 under .....
Recomendations....Page 3...Greenback/Yen Battle....
Quote just caught the headline....this is its entirety........

Net Trader Positions/Market Sentiment
The Commercials are the Smart Money....Small Speculators usually are Bullish at Tops and Bearish at Bottoms. Large Speculators are Trend followers...and are usually on the right side of the Move.

The Commercials precede Market turns...and a Commercial Net holding Long/Short position should be in context of their Average Net holding posture...in other words if the Commercials are Net Long/Short breaks above/below their average net positions shows the formulation of a Large Move.

The Commercial interests in each Currency act differently...the tracking of their footprints is in how they interact over Time...they Accumulate/Distribute positions BEFORE an upcoming Move...which in turn triggers Directional Price Movement.

Net Traders Postions used in conjunction with Market Sentiment moves the Commercials closer to a Market turning point....by using prevailing Market Sentiment of Advisors we know that values between 30%-70% favor a continuation of Trend.. -30%- +70% indicate Overbought/Oversold conditions....especially when the Commercials are at the extreme opposite to the Large/Small
Speculator. A Market Reversal is at hand.

Use these two powerful indicators for maximum benefit.


Best Regards,

Iris

[Iris]

Eur/Usd...................

The run for the 5/26/03 High at 1.1933 is only 122 pips out after yesterdays 10/6... 1.1811 Daily High. An impressive Rally from the breakout at the 1.0900 basis. A strong Position/Swing/Day Trade North.

Their were four major Pullback Lows....
9/8..... 1.1059 basis
9/15 ...1.1140 basis
9/28 ...1.1398 basis
10/5 ...1.1536 basis

Good reference points on South Positioning....the 1.1500 basis has been the stongest burst upside of the move North from 1.0736....and an important central pivot point this year. The Peak High for a Double Top may be established in the next 3 days based on the May 1.1933 High....being that the Top's highest High was formed on the first phase of the trends rollover..122 pips is not that far away from this 1075 pip move .....1.1811<>1.0736. May even see a run for 1.20/+. The 1.1820 level will be the Signal for a run to test/break the 2003 Top.

Yet another canyon correction as was on 10/1 going South from 1.1736 to 1.1532 on 10/6 ...almost 200 pips... may be set before the run/break for a new Top. A break of the 1.17 to 1.1660 basis has downside potential to the 1.1532/00 level.

The gyrations for a Top will be in catching North/South moves quickly....the 1.1933 Top established a DailyRange average pip move up/down of 120/200 pips over 20 days...with its largest Range in the center of the two Major Top pivot points. High Range consolidation moves Up/Down for the Eur/Usd over the coming weeks.

Time the Trend.

Iris

[mishak]

Hi guys

I do not get it - are you selling EUR/USD or just chatting ?
SO long thread

[Iris]

Sell Eur/Usd.......................

Yet another canyon correction as was on 10/1 going South from 1.1736 to 1.1532 on 10/6 ...almost 200 pips... may be set before the run/break for a new Top. A break of the 1.17 to 1.1660 basis has downside potential to the 1.1532/00 level.

Looks like Price is going back to the 10/9 1.1857 High.
Waiting for a test of 1.1857 based on strength......
Looking for a High Percentile Entry of the Range.....South.

Time the Trend.

Iris

[James]

Hi Iris

Hope this comes off for you. The euro has gained over 1000 pts since the start of September and you have been advocating selling the whole time. I am not sure what your musings really mean, but they seem to over complicate a rather simple picture of dollar weakness which has been taken up by most currencies, especially the euro. I don't deny the fact we may have a correction soon and 1.1850 may cap for now, but you seem to have eyed only one side of the market. Over the years, I have learnt to be able to see both sides and change my view if conditions are obviously contrary to my initial analysis. Just a helpful comment from someone who has made the same errors on many occasions Please don't take offense - none intended