Quote from Optional:
Just want to see what kind of sentiment is out there.
Will the Dollar be higher/lower/flat over the next quarter?
Quote from TraderZones:
Obviously, no one has a clue. Endless speculation of where instrument X will be at time Y is drivel. Many have said this, but somehow, people continue to put this garbage up.
Quote from Optional:
Well that's just dumb
isn't that what trading is about?
Speculation of where instrument X will be at Time Y?
Or do you think trading is something else?
Quote from TraderZones:
No. "A few months" is not part of trading. It has been pretty much proven that the tradable aspect of the market is on the order of hours to a few days.
But you cannot read chart patterns or indicators or price action, and decide where the dollar will be "in a few months." Trying to do so is called "a guess.
In fact, it is well known that economists trying to make this kind of forecast pretty much have no value add.
I know you may ask for "proof" but I will reply "try using google.com" so I have saved 2 posts.
Your simplistic grasp belies the unlikelihood you are a successful trader
Quote from janvir19:
I don't watch the dollar index but I have a target of parity (1:1) for the dollar/pound and the dollar/euro. I'm more of a fundamental trader though, so I'm probably at odds with most people on ET.