USD index

Piptaker · Aug 17, 2017

Cswim63 said:
Kind of quiet in here. Echo! (Echo, echo, echo). Hope all are well. Been back hammering at it again after a few months helping a friend set up his truck. Paying more attention to risk now than anything. I'm still over trading I notice. I say I'm not going to do that then all of a sudden I realize it's happening again. Most of it comes from not wanting to miss an opportunity, I believe. Anyway sitting on my hands ahead of Fomc minutes.
Glad I got out of my euro shorts ahead of things. Sometimes following the rules actually works (don't trade ahead of a news release).
Ground my way to down slightly on the day and night. Not fun but it could have been a lot worse.
Euro back to a familiar range 1.1730-40 as I write. Commodity currencies up good on the dollar so far, while the euro and pound were lagging. Trying to keep an open mind.

Good to see you and others back ... I'll be back here full time soon again and we will be back in pip heaven :sneaky:

..just got a few balls up in the air to sort out .....

Cswim63 · Aug 17, 2017

Yes it looks that way. I'm thinking of cutting my EUR short around 1.1710 if we get there.

victorycountry · Aug 17, 2017

Cswim63 said:
Yes it looks that way. I'm thinking of cutting my EUR short around 1.1710 if we get there.

euro imho, could still retest yesterday's low again during euro session. I don't expect much move during Asian though

Cswim63 · Aug 17, 2017

Yeah it's just that now you have bears trapped down there under 1710. So I'm going to lighten up as we come down.

victorycountry · Aug 17, 2017

Just be careful if it retests yesterday's low again. euro could shootup from there as it needs to adjust to new inflation data from last session

victorycountry · Aug 17, 2017

there is high possibility that euro could shootup to 1.178 which is it's new fundamental price set by ECB in the last session

Cswim63 · Aug 17, 2017

Yes like I said I'll be buying into it. If we get a momentum move below that I'll look to re-enter.

Cswim63 · Aug 17, 2017

I don't really like the tape right now, so I may just stand aside.

Cswim63 · Aug 17, 2017

Usd/Jpy now looking weak.

victorycountry · Aug 17, 2017

Cswim63 said:
I don't really like the tape right now, so I may just stand aside.

Yep , it will surely drop more during euro opening. Because it will move 100 pips. UJ imho, will enter the correction soon and could make a good profit with shorts after the pullback. But I would expect better volatility during US session