At times, most times but not all times. Definitely not 100%.Ok so no correlation to usdjpy I guess.
At times, most times but not all times. Definitely not 100%.Ok so no correlation to usdjpy I guess.
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.It's approaching 4 hour resistance at 1.325. I will considering selling there
How about a little NZD? Might be washed out.
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.
Still too much uncertainty with the new NZ government at the moment and markets don't like uncertainty