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Trade Against The Retail Herd 7th Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/07/2011 03:08 -0400



 
What's new today?


EURUSD continues its consistent medium term uptrend at the same time retail traders are consistently increasing their short position to 65.97%. The big news event of the day is CAD Building Permits 08:30 EST other than that Trichet speaks at 07:00 EST, most other events of the day are relatively minor in historical effect.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Mon, 03/07/2011 - 10:24 | 1025855 IQ 145
IQ 145's picture

 In on a paper trade at 1.3965; short, at 8:40AM Friday. Still alive, but apparently I'm merely part of mob of ill-informed retail traders; oh well. posted for Orly.

Mon, 03/07/2011 - 10:06 | 1025791 GoldbugVariation
GoldbugVariation's picture

Something wrong with those charts, mate.  The green bar on GBPUSD (37%) is longer than the green bar on EURUSD (34%).  EURUSD bar looks more like 43%.

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