The big boys (longer term players)are still mainly short USD, long Euro (lightened a little again)and Aussie they're still short, in fact they've increased shorts slightly but no were near the levels we saw back in April
I'm flat but I'm just a day trader these days , got the bounce on the EU like I said was going to happen, they got to buy lower than I expected
I'm flat. Not trading much but couldn't resist the dB selloff, since I had been stalking it for awhile. Selling in Euro and Aud seemed to shutoff again.
Just looked at EUR/AUD cross. Looks like a breakout and retest on daily. Very interesting. Going to be watching that and seeing if there's any implications for Asian equities if Aud moves lower. And I did have your (Pip)comments about Euro in the back of my mind when I was taking profits on the short position. That proved to be the right move. More triangulation till it ends eventually.
Get your 5m 15m short term reversal strategies in order... next good few weeks is going to be like that eurusd I think
Yeah I've been watching that I had it breaking above 1.32 but it couldn't hold. A move lower would probably trap some traders still long and holding on.