Dollar LONG stance but hold trigger till ...

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Most normal folk would have thrown in the towel by now - not me.

Positions (3) stay as-is. Stops remain exactly as-is.

Pull up the Daily on DX and observe this:

Since March this year, DX daily Macd has delivered only higher lows, NEVER a single higher high. It has now. This is significant.

Another obs. ... look at the new +ve Divergence built up in just these last 4 days of drop on DX daily.

Daily 78.6% is right under where DX is at this moment.

If we have a bottom, the first DX bar will be a skyscraper.
 
Quote from deadbroke:

Most normal folk would have thrown in the towel by now - not me.

Positions (3) stay as-is. Stops remain exactly as-is.

Pull up the Daily on DX and observe this:

Since March this year, DX daily Macd has delivered only higher lows, NEVER a single higher high. It has now. This is significant.

Another obs. ... look at the new +ve Divergence built up in just these last 4 days of drop on DX daily.

Daily 78.6% is right under where DX is at this moment.

If we have a bottom, the first DX bar will be a skyscraper.
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Hey,
don't mind me or anyone else. Trade your system even if the trade doesnt pan out you MUST take every trade your system generates. After all thats what you programmed it for. :D
 
Quote from pulsescan:

Hey,
don't mind me or anyone else. Trade your system even if the trade doesnt pan out you MUST take every trade your system generates. After all thats what you programmed it for. :D
More...

Let me guess....you took the opposite side of his trades?:D
 
You'll know my fate before me.

R&R for several hours.

Too tired to work or think.

All positions as-is. No changes.

School of Hard Knocks lives up to its rep.
 
I can scarcely believe I'm still alive. :) :D

The desert horse in THE BLACK STALLION had reserves of power that "ain't never been tapped yet" ...

substitute "reserves of stupidity" ... and you got me. :D

I'll catch up with the posts soon - can't do it right now with one leg still in the coffin.

But even in my weakened state I still have room for brashness ......

Euro: "Nothing matters now, not the money, the land or the woman - I came here to see you - now finally you'll tell me what it is you're after"

Dollar: "Only at the point of dyin"

:D
 
See EurUsd daily chart ....

Since I'm a daily chart trader, its clear that the trend is still up. And it won't reverse unless Oct 1 closing low (black horiz. line) is taken out.

So, like Viper asked, "then why are you shorting now?"

Because of the 60-min. 5-waves down signal. Normally I wait for a wave violation signal on Daily. But this time I dropped to 60 and tried to be too smart. Is this madness? It could very well be. One lesson is sure - if this fails, I will always wait for the Daily signal in the future.

No seminars, no courses, just self-taught, so tuition at this School of Hard Knocks is justified. :)

 
see EurUsd chart (weekly shown instead of daily to get all-data view) for how I would like to play these fierce currency trends. Dreaming or can it be done? That's what I want to find out. Low leverage of course.


 
I dont get your trend projection. You would need a lower low or at least a double-top or something before thinking about short?
 
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