USD index

[Cswim63]

You see everything lined up just below short term resistance against the dollar. Makes me wonder if there's a bigger move ahead.

 

[Buy1Sell2]

Ended up scalping EUR and GBP long out of their trading ranges. Hard to hold on when it's been down, down for days. Back to positive.

Describe what you mean by "scalping".

 

[victorycountry]

Describe what you mean by "scalping".

In formal term, it's called speculation. When there is no data, price comes back to the mean. Since speculation's net position has been short for GBP and long for Euro, you simply sell GBp at the high and buy euro at the low and have tp until they create double bottom/top respectively lol

 

[Cswim63]

Well, that was a wild ride. Got stopped on GBP only, reentered in the 60s. Added more usdjpy and USD Cad. Just cut out Euro, GBP.

 

[Cswim63]

Describe what you mean by "scalping".

I'm trying to see where I said that. An example would have been last night during Asia session. Everything was lined up just below levels that looked like they would be penetrated. Euro at 1.1760, GBP at 1.2880. I was thinking there were stops on the other side to sell into. But there wasn't much of a push when those levels were violated. I ended up holding the whole wad till just a little while ago.

 

[Cswim63]

Holding USD Cad short now still to see if it can crack .60

 

[Cswim63]

Tape just turned funky again. Glad I cut most of my pos

 

[Cswim63]

Still long Aussie, Cad, Jpy. Mostly small except Cad. Playing defense first on this Monday.

 

[Cswim63]

Out of everything. Just wasn't moving. Still watching Cad. Need a plan there.

 

[Cswim63]

Not a bad Monday so far. I worked the plan. More later.