Very good, analysis, MP$.Quote from Maxprofit$:
"It's hard for a fixed system to keep up with.. broken rythm."
- Bruce Lee
Still riding, as long as it doesn't drop too much my trade is good.
USD was pretty strong last month, everything that rise up must stop and reverse.
GBP dropped far too much. Look for bounce.
JPY looks like it will make a lower-high, although this one is hard to tell.
EUR prefectly hit my 66% fibonnacci retracement. I'll call that strong support.
Oil looks like it will make higher-low too. Can't drop too much below 48$, i can't believe it. Another rise in oil price possible, meaning another crash in USD.
You seem good to sell the bottom coinzJust one thing, i prefer taking a small position instead of no position at all. Always stay in the market.
With respect, I'll counter...
"It's hard for a fixed system to keep up with.. broken rythm." - Bruce Lee
Bruce had a lot of good and applicable things to say.
USD was pretty strong last month, everything that rise up must stop and reverse.
True about the USD. Not true about the rest when it comes to fx as far as trader profitibility goes.
GBP dropped far too much. Look for bounce.
It did drop. I got a GBP position sitting over 10-cents down.
Too far? Maybe, maybe not. Looking for a bounce may dry out your eyes... and your account.
JPY looks like it will make a lower-high, although this one is hard to tell.
There's no way to tell. My thought is, yen will weaken more before it strengthens. Brace for a test of 109.00
EUR prefectly hit my 66% fibonnacci retracement. I'll call that strong support.
FR is so popular. Some guys swear by it. I take the stance that there is simply nothing that can accurately predict future moves of forex rates. But if Fibs work for you, that's the main thing.
Oil looks like it will make higher-low too.
Oil's been all over the place. It can just as easily jet back up to previous highs as it can fall at this point. Brace for extremes.
(*doing my best to sound like a Chinese fortune cookie. Maybe I can get a job as one.*)
Can't drop too much below 48$, i can't believe it.
Of course it can. Change your beliefs.
Another rise in oil price possible, meaning another crash in USD.
Yes, an oil rise is possible. It doesn't mean another crash in the dollar.
You seem good to sell the bottom coinz
Did I? Or did I buy USD at the top??
Just one thing, i prefer taking a small position instead of no position at all. Always stay in the market.
It's probably a good trading tactic. Though for me, I'm only in the market when there's a reason to be.
Trying to better my financial condition above cleaning windshields of cars stopped at traffic lights is a good enough reason.
Coinz
