DXY-- That candle, though! Reassurance, perhaps?Things are getting interesting! My colleagues don't
think it's time to start getting aggressive on the dollar,
with the main point of emphasis being that rate hikes are
supposed to slow, or not continue increasing as we continue
forward this year. I value my constituents opinions and will
consider it... But, no risk, no reward! Plus, I'm grateful to not
be so attached to my ideas. As long as we are extracting value
from the markets we participate in, who cares if we are right
or wrong in our guesses?
What markets are you focused on currently? Let me know!
As always, happy trading, and Godspeed.
Globalstandard
DXY-- Patience, patience, patience..Things haven't gone quite as I planned this week regarding the US Dollar.
Going to remain patient, keeping in mind that I'm in this for the long game.
Now that we're at a major Fibonacci level, I'm going to begin considering
short opportunities heading into next week. Keep in mind q/q #'s are coming
in and it should get exciting soon. Patience is a virtue.
Patience and vigilance!
Those are the words of the day..
If we do continue lower, I think we could go as low as the 100-ish level long-term.
As always, happy trading, and Godspeed.
DXY-- Longing opportunity Wednesday-FridayStill feeling very neutral regarding the US Dollar, but in order to extract value
from a market, you have to take risks, and manage those risks properly.
Consider waiting for more confirmation that we are breaking out from this
small timeframe downtrend, and entering on the retest..
Expect more volatility heading into the NYSE open Wednesday, followed by
a lot q/q news, etc. on Thurs & Friday.
As always, happy trading, and Godspeed.
DXY-- Last trading attempt approaching Friday's openPlease take a look, enjoy, and criticize the last few postings I've made regarding
the DXY this week. Traders know there is not much to say. This truly is a beautiful game we
play. A never ending game, at that. I'm still trying to find my footing, my balance,
if you will, on the TV platform. Who has a question? Who wants to discuss? My
main studies have been on Fibonacci levels, general/typical market structure,
and, of course, the infamous left-wing news power-structure and how it affects
participant sentiment. Go long, baby. He's about to throw it. Just my opinion.
"Keep it simple, stupid."
As always, happy trading, and good luck!