The COT is posted at http://www.dailyfx.com/story/chartin...198984988.html

FXCM SSI

EURUSD 1.38157 -2.29 30% Bullish
GBPUSD 2.05822 -1.94 34% Bullish
USDJPY 121.350 1.78 64% Bearish
USDCHF 1.20550 2.85 74% Bearish
USDCAD 1.04442 4.12 80% Bearish

The ratio of long to short positions in the EURUSD stands at -2.29 as nearly 70% of traders are short. Yesterday, the ratio was at -2.95 as 75% of open positions were short. In detail, long positions are 26.7% higher than yesterday and 7.4% stronger since last week. Short positions are 1.8% lower than yesterday and 3.4% weaker since last week. Open interest is 5.4% stronger than yesterday and 6.9% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

When retail is short but reduces its exposure, the long term direction remains bullish but the market might have some downside in the short term. The SSI gives us a MEDIUM SIGNAL TO SELL EURUSD.

Very well explained, Antonio Sousa - thank you.

Since you wrote that, have you decided to only outline one pair instead of all pair's from now on?

BTW, in my previous post about USDCAD I realised the mistake I made reading it ... the bullish/bearish column comment is the SSI indication!

I am not expert in SSI, but I understand it is as a Market internal indicator. Always follow price action, but these market internals are a good help. It is fine if FXCM gives it for most pairs than majors.

I am not expert in SSI, but I understand it is as a Market internal indicator. Always follow price action, but these market internals are a good help. It is fine if FXCM gives it for most pairs than majors.
How can I obtain graphics of SSI for the next currency pairs?: eurusd, gbpusd, usdchf, usdjpy, usdcad, nzdusd, audusd, eurjpy, gbpjpy, audjpy, cadjpy, nzdjpy
It is importatn to have them intraday

SSI is kept for EURUSD, USDJPY, GBPUSD, USDCHF, and USDCAD. The most in depth access that an FXCM client can get is SSI twice a day. This can be found at DailyFX +

I have been trying to find the daily SSI but there is no link. Can you be more specific where it is?

Thanks

The link for the twice daily SSI report is http://www.fxcmtr.com/trading-ideas/...analytics.html

I notice CAD and CHF have frequently touch 80% of traders long (currently). JPY has touched 70% of traders are long. Does anyone know if GBP or EUR traders have touched 80% either long or short? If so, approximately how many times during 2007? I am trying to establish a historical precedent of how many times during this year 80% was reached either long or short for GBP and EUR. Lastly, it appears USD/CAD has topped +/- 50 pips.

Thanking you for the link to the daily SSI.

Paydebts

Looking at the YTD SSI Stats, it seems as though EURUSD only neared those extremes twice this year. Early May saw the Ratio go below -3, which is the equivalent of a 25% long stat. More recently we saw the same thing, which coincided with the EURUSD setting all-time highs.

Attached Images

 

Thanks David

What about USD/JPY ? Has this pair reached 80%?

It appears that price action follows your sentiment indicators. A good example is the sell USD/CAD call which was pre-mature, but the Sell EUR/USD call was right on the money +/- a day. Have you found this (price action follows SSI) to be true?

So far we have two pairs touching +80% (CAD & CHF) regularly. We need to get USD/JPY @ around 80% to have critical mass.

Are the SSI updates available only to FXCM clients?

Hi Black.day,

The SSI updates are only available to FXCM clients.