Some very valid points indeed,and great insight,i wish i would start sooner with this scene and had your experience..Tansen said:If I were you guys, I'd be paying more attention to the GBP/USD if your looking for longs ..
Thing is I am more likely to bet that the GBP will edge higher into OTE plausibly higher and I will likely be betting on the GBP vs the EUR MOST DAYS not every day..
Although very lately(only this week) an idea of benching the the cable and fiber for more likely bull or bear scenario,came up with a new smt idea.After you gave the feedback in my journal about the bull pound,the whole thingy rolled a bit in the back of my mind,till a tiny lightbulb jumped out above my head.
Its not a great discovery and very generic,i bet a lot of ppl tought about that.Started to back test a few hours to bench both via the EUR/GBP too,not just usdx. The results were pretty mind blowing.If i would think of that before,via generic market move, pretty much everyone could nail which pair to trade up or down respectively.
Altough i haven't found cot data for it, its not needed badly.