The above comments mean that the dollar should now be bought. I expect a short term rally. I am buying the dollar and selling EUR for a short term trade which very tight stops.
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May I turn your attention to the $
- Thread starter The Kin
- Start date
Just sold EUR/USD on Oanda for 1.57315. The spread is high (10 pips spread is really like a rip off). I hope market will stay there for me to loadup on this position at 8PM when spreads are back to normal. Let us see how the bagholders who are now short the dollar will do. Just do the opposite of the crowd.
The london open usuallyseems to fades whatever move happened about 6 hours earlier .. i thought of closing my positions but i dunno about this it has alot of momentum so ill just tighten my stops
Quote from MrDODGE:
Good luck, you will need it.
Large Fed cut will destroy the dollar.
I am already 5 pips up! Some bagholder bought from me. Was it you? Remember the tick does not like, but people do. I hope you will accept the verdict of the price chart. Time will tell. My stops are tight, and I will load up if price actions warrants and if price is still at good levels by 8PM.
14 pips up already! 2 minutes later 20 pips (50% profit already taken). With my stop it is now a risk free trade. I expect a bounce back. If yes, sell more.