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Trade Against The Retail Herd 29th Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/29/2011 02:18 -0400



 
What's new today?


Retail positioning is staying pretty constant the last few days, GBPUSD has been seeing a strong shift in sentiment however, with increasing numbers of retail traders becoming long the pair throughout the sell off. Although still in the neutral if this retail buying continues we may take a dip into the short zone. GBP Current Account data released at 4:30am EST may tip the balance.
Click image to enlarge
 
Provided by Pivotfarm via the Technical Analysis blog
 
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Tue, 03/29/2011 - 08:57 | 1112200 jkruffin
jkruffin's picture

Get long:

USD/JPY

Get short:

EUR/USD

SPY

Bubble Bubble Ben is in trouble.........

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