USD index

It's approaching 4 hour resistance at 1.325. I will considering selling there
I did end up selling GBP, twice. First time 1.3242 missed the first leg down on London open, stopped myself for a small loss at .48. Fell asleep only to wake up with it 60 points lower. Missed it by about 15 minutes. Waited for retrace to 1.3217 or so in the afternoon, out 1.3205. That was my best trade of the week as far as patience, heat, and overall execution. In general I'm being more patient with things after a long spell jumping at stuff. The Usdjpy where it broke 1.1280 was one of the few situations where acting quickly paid, but I've been watching that breakdown for a long, long time and was on the other side above 1.13, so I felt the breakdown personally. Still no clear direction for the USD, it's case by case. Or risk, for that matter. If I had to characterize, I'd say aging bull market in equities. Should lead to some better volatility, especially with the Central bankers tightening or thinking about it. Any loss of liquidity is significant in a market addicted to liquidity.
 
I did end up selling GBP, twice. First time 1.3242 missed the first leg down on London open, stopped myself for a small loss at .48. Fell asleep only to wake up with it 60 points lower. Missed it by about 15 minutes. Waited for retrace to 1.3217 or so in the afternoon, out 1.3205. That was my best trade of the week as far as patience, heat, and overall execution. In general I'm being more patient with things after a long spell jumping at stuff. The Usdjpy where it broke 1.1280 was one of the few situations where acting quickly paid, but I've been watching that breakdown for a long, long time and was on the other side above 1.13, so I felt the breakdown personally. Still no clear direction for the USD, it's case by case. Or risk, for that matter. If I had to characterize, I'd say aging bull market in equities. Should lead to some better volatility, especially with the Central bankers tightening or thinking about it. Any loss of liquidity is significant in a market addicted to liquidity.

The pound will continue to drop and imho the 100 pips drop will resume at 1.321 level today
 
Hey mate,well I'm still using aussie but I've been struggling lately with FX brokers to be honest they don't like me and so I maybe looking for a good futures broker, I'm currently with Pepperstone but see how long that lasts..

Who are you with or recommend?
 
Last edited:
Long USD against Euro, Aussie, Cad. Just wondering when the dam will break. Just looked at a gold chart. Seems pretty much the same-- down at some point here, probably hard.
 
Back
Top