USD index

[Piptaker]

I feel that it will break down, but this has been a tough trade. Sometimes I will use that, knowing others are getting chopped up too. It makes it hard to take a signal when it finally occurs. But trading is one of those things where you can get worse with too much practice. . .

They're tough alright, expecting it to break out, it's good to have a few more filters with those I think

 

[Cswim63]

Just saw the nzdjpy chart. Here I was trying to short Euro joy and getting stopped. Right idea, wrong execution. BTW silver too 17.00

 

[Cswim63]

Still short usdjpy, small Aussie. Everything else I stopped out on

 

[Cswim63]

Usdjpy just had what looks like a failed break retrace above 1.0918-20. Euro now struggling above 1.18

 

[Cswim63]

Usdjpy just had what looks like a failed break retrace above 1.0918-20. Euro now struggling above 1.18

Not so much now. Really choppy. Cleaner moves are in the yen crosses I believe, except EUR.

 

[Piptaker]

Euro now struggling above 1.18

It is, might have run out of steam again

 

[Cswim63]

I need to remember that a flight to quality, when equities are pressured, the euro generally leads behind the USD. So the EUR crosses tend to keep a bid across the board

 

[Cswim63]

IDK it still looks like they're going to open the floodgates on this yen. Only a matter of time.

 

[Piptaker]

Funny enough and you know I like being a contrarian , I've got the eur/Usd that's showing on the daily chart a day trading set up I like(of which I would go in heavy) that's says it's going higher on the bigger TF .

 

[Cswim63]

Hard to tell here whether it's risk off or just dollar weakness vis a vis the yen