Sell Eur/Usd

[rufffen]

Well, it's not like russian central bank is a major institution, however in april we have acquired 20 billion USD and this is still growing, as far as I know.

Anyway, I want to post a 1 hour DJI chart, since as currencia pointed it out a while back, it can indicate dollar strength/weakness.

So far, I can't see it breaking below 12774 area, so until then, I can advise increasing NET SHORT EUR USD and GBP USD exposure. However, break below 12774 will indicate dollar weakness mid-term, something that I just don't see happening yet.

DJI will likely take out recent highs and attempt for 13400 very soon. I have been long DJI since mid-march and gained overall 500+ points.

[Speculator]

It seems USD has broken its correlations with oil and dow as of lately. As well the dow seems to be immune to oil too.
Noor, the cot data is published only once a week and there's no way to know who's buying what unless you trade directly on the interbank market and then central banks still use other entities to do what they want to do. However the break of last month's and 3/24 lows seems to have restored the balance in the retail fx allowing the market to move freely in either direction.
Just my $0.02

[Noor]

Originally Posted by Speculator

It seems USD has broken its correlations with oil and dow as of lately. As well the dow seems to be immune to oil too.
Noor, the cot data is published only once a week and there's no way to know who's buying what unless you trade directly on the interbank market and then central banks still use other entities to do what they want to do. However the break of last month's and 3/24 lows seems to have restored the balance in the retail fx allowing the market to move freely in either direction.
Just my $0.02

Hello Spec... Nice to see you back

Iris has demonstrated the use of COT data many times.

And through a little of imagination... their positioning will be revealed on the chart

Ruffen... I am not talking about the russian Banks ... Nice calls though, keep it up

[Noor]

Originally Posted by Noor

As this move must be sharp and fast.

Hello everyone...

Eur/Usd has based above 1.5395<>1.5400, before launching the start of the North wave that we have been waiting for.

1.5480 is the final level... A break of that level will be the final confirmation for central banks positioning.

I am hedging from 1.5475,, with a stoploss on my hedge at 1.5490.

This is one of my hedging strategies ... If we get our 1.5490 stoploss hit,, then will move my stoploss in my buy position 15 pips forward.
For 1.6 Target
Cheers...

[pelle64]

Noor - DOJI on eur/usd weekly chart - "trend change" comming up ?!?!?

Are we north - Im

[Noor]

Originally Posted by pelle64

Noor - DOJI on eur/usd weekly chart - "trend change" comming up ?!?!?

Are we north - Im

You mean on Daily chart? We still need to close above 1.5590 to confirm the pattern,, and till then,, price would have passed way far.

COT has showed the trend change since last week,, And the COT Data is the future... Period

I dont know about the other guys,, but it looks like its just me and you riding north

We have massive position exit heading to the close... My stoploss is now 15+ pips above breakeven.

[pelle64]

Originally Posted by pelle64

Noor - DOJI on eur/usd weekly chart - "trend change" comming up ?!?!?

Are we north - Im

Sorry it shall be usd/jpy weekly chart - they (often) work in oposite direktion

[pelle64]

Im buying eur/jpy now @ 159.29 becouse of the double bottom @ 158.60

alltso rebuy eur/usd now @ 1.5414 becouse the bounse of fridays low @ 1.5393 and the opening of week 10 @ 1.5392