I would say have faith. Yes, shorts have unloaded overall, but where from? It's from "large spec", who are "fast money". In an environment like this, they probably don't hold positions more than a couple of days, which means that the positions from ...

AUD/USD

Fundamentally and technically, short is almost a sure bet. RBA suggested no rate hike, US performing slightly better than what is reflected in the markets, currently at weekly highs, big levels of leveraged money already long (meaning the only way ...

AUD/USD

Market sentiment for the Yen is sell. Add that to the losses of Wall Street, and you will get bargain hunters buying DXY denominated stocks, sending liquidity and price of USD flying. USDJPY as an instrument is a clear buy, and long term at that. ...

USD/JPY Discussion

Um... Not really? If the US stock market dumps, bargain hunters will rush to buy either the indicies or the underlying assets. To do this, you have to raise cash in USD. If there is a mass bargain buy, then demand for USD goes up sending prices ...

NZD/USD

Just cashed out for just under 0.4% over 7 days (about 140 pips). The swaps were getting too expensive so I just took the cash. I'm pretty sure we've found the bottom, but that's not my concern anymore because I no longer have a position...

Cable Update (GBPUSD)

Enjoy the whipsaw action, day traders

Cable Update (GBPUSD)

Still holding my buy from Monday last week 1.2025, but will liquidate at 1.2200 (assuming it gets there). Shorts were exhausted at historical numbers of market participants and large specs have confirmed the bottom by taking off their shorts. As ...

Cable Update (GBPUSD)

Decent short term gambles would be to buy at historically cheap prices. Anything cheaper than 105.050 is pretty good. I personally think it could go as low as 104.900, but I'll be buying at 105.000. Historical volatility reached and also 52 week ...

USD/JPY Discussion

No, I said large specs were long. If large specs are long, who are they buying from? They're buying from the banks. So how are the banks positioned if they're selling to the large specs? They're short. Only if they manage to get their short ...

EURUSD

Nah, banks were short. Funds and other large specs were long though, but I bet you they all hedged properly and still made money.

EURUSD

Here. I bought at 1.1200. Hedged it with a gold buy vs EUR because I wasn't sure about the Eurozone. Made a small profit once the EU started imploding and I sold my hedge though. Stupidity is leaving yourself exposed to risk without protection (I'm ...

EURUSD

Looks like Powell's magic unicorn failed to materialise/EU took a sh*te. Hedge would have been only way for quant global macro to make money, and profits would have been capped to just above break even. Onto next month.

EURUSD

To respond to the ACTUAL question, the VIX isn't an instrument to be traded. Simply put, if volatility is low, you sit on your hands. If volatility is high, you look for opportunities in equities or correlated assets. It's become bullshit because ...

Volatility 75 index trading?

I was in the next office to the bloke who invented the VIX when I worked in the City and he publicly said it was bullshit. The problem is people started trading the index like an instrument, which affected how it behaved, altering how it was ...

Volatility 75 index trading?

Just for transparency, I've sold my hedge for a small profit. My stop loss was a EUR demise, and this thing just fell through the bottom. So I've taken a small loss on the EURUSD, and taken my profits on the hedge. I've taken my profits on the hedge ...

EURUSD

For those sh*tting their pants about the central banks fist fight, you could always hedge. A very good and simple hedge I've already floated around would be buying either gold or JPY using EUR. The idea being the EUR can only go two ways on ...

EURUSD

That's not how you trade fundamentals... One news release doesn't drive the market direction, especially not FX. If you want to trade global macro (imo, the ONLY way to trade), you need to form your worldview on basic economics that you think move ...

EURUSD

Large specs have started putting on their longs again. Either they think ECB won't cut (unlikely), or that ECB cuts have been factored in. Either way, looking forward to the volatility next week. Remember boys and girls, no volatility, no ...

EURUSD

If you know there will be better volatility next week, why take off your positions? Especially if you've had an entire week of pretty much being able to name your price with favourable spreads? I never understood that that mindset from retailers... ...

EURUSD

...

EURUSD