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Trade Against The Retail Herd 1st Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/01/2011 02:59 -0400



 
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This morning ahead of the London session we're seeing some strong shifts in retail positioning, USDCAD, USDCHF and USDJPY have been in the strong short zone for a long while, with an unbelievable 80%+ or traders long while these pairs have been consistently selling off! On the flip side of this coin AUDUSD has entered the long zone with 61% of traders short as it nears multi year highs! GBPUSD has been consistently making higher highs and is now kissing a major resistance area at the same time 71% of traders are short this pair!
We are hitting extreme levels in the market, with USD weakness a common theme across currency pairs.
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Provided by Pivotfarm via the Technical Analysis blog

 
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Tue, 03/01/2011 - 08:05 | 1006432 Fredd00
Fredd00's picture

Shitstorm is coming… take cover before it impact. (namely USD brief but violent rally – dead cat bounce)

Tue, 03/01/2011 - 06:38 | 1006388 pendragon
pendragon's picture

also surely strong short in usdcad means short usd long cad?

Tue, 03/01/2011 - 06:31 | 1006380 pendragon
pendragon's picture

????? surely strong long in gbpusd means long gbp vs short usd? have i been reading this wrong since day 1?

 

Tue, 03/01/2011 - 11:08 | 1006898 covert
covert's picture

all harem markets will skyrocket through the roof, that's why the pound will fall never to recover.

http://covert2.wordpress.com

 

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