Search results

I had taken a long at .7214 earlier in the day but the tape was awful and I dumped it. Looks a lot more promising now. But the backdrop still stinks.

Pronounced H+S on the daily NZD though. Funny cause everyone is talking about whether the USD is going to strengthen or just stay weak. Well, it depends on what you look at. USD index is like 57% euro. That seems kind of silly in one way.

Too bad Victory isn't around. I'd like to get some kind of valuation number on NZD. Seems to have been sold a little too hard.

Nzd finally catching a bid. That was worrying me too. Cad was up, but AUD, EUR, Nzd were down. I want to see them all moving together, more or less.

Flat. Finally a winner. I just don't want to hang around this market.

It throws off my rhythm. By the time there's confirmation, the move is just about over it seems. Or there's violent reversals like CHF during (today) NY session. If you trade like I do and try to catch retracements in the direction of the prevailing trend, it's not working that well. It suddenly...

Short USD Cad from 1.2525. It pushed below 1.2520 finally, then retraced up. I was all over it. It would be nice to have confirmation from the other currencies, too, but it's that kind of market.

That's the second time this week Cad has closed on H.O.D. Unfortunately there's so little liquidity to trade it.

Scratched that Cad. Now I'm going to lock up the platform so I can't trade anymore till maybe tomorrow. And I'm going to put handcuffs on.

West Texas oil off 2.19 %. I think the pros are not impressed yet. Anyway Cad strengthening a bit.

Short USD Cad 1.2526. Support at 20,. Storm heading straight through Gulf of Mexico, should give a bid to oil, Cad.

Flat. This market makes my skin crawl. Started to see the dollar strengthen a little and I was out. All it would take would be a few words from one of the talking heads to move this market either way now.

USD Jpy seems to be strengthening 109.25. I'm long AUD from .7897, EUR from 1.1803, short USD Cad 1.2525.

I'm out. It's no fun trading this.

..7893

Just bought AUD on that idea just for amusement.

I think you could probably whip out your Bollinger bands here and do a pretty good job.

Also "To Tell the Truth"

Will the real Dollar Index please stand up! It's like a game show here. I think it was called "What's My Line" in the US.

That looks like stop hunting to me. I've noticed that a lot of retracements against an established trend are 30 or so points from the lows. Newbies chasing, then getting stopped it looks like. Obviously it could always be something more