USD index

Cswim63 said:
account. A friend asked me how I was doing. I told him I was "losing less". He laughed. At one point from the middle of August to the middle of September, was up about 50 percent, and I felt invincible, like I could just mint money. After that I started pressing too hard, refusing to take good profits thinking there was more to be had. Also was trading USD from the long side almost exclusively. So I kept getting caught on good short Euro positions mostly. But it taught me not to take any thoughts about the market too seriously. I was confusing a good setup with a change in trend.
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I'll be back posting next year after I've wrapped a few things up, and we are going to be in pip heaven :D
 
The model I had in my head for today was that traders would come into the New Year, see that the USD had moved down against everything, and start chasing. In other words, the move has already unfolded over the past couple of weeks, so I'm expecting a bit of consolidation here, as traders get stopped out.
 
Took some small long positions in Cad, AUD, Nzd. Just throwing a line in the water. Not really a scalp, as I think they could move more than 30-50 points. That being said, they all have already done that, so I'm looking for bigger TF players to come in.
 
Short UsdCad from 1.2537. Got in too early after Fed Minutes release. Anyway I knew I wanted to be short, anticipating TL break. It just came from a little higher. Still holding-- don't think USD anywhere near a bottom. It's been about a day plus correction so far-- not expecting much longer. Looking to exit around 1.2475 if tape holds up.
 
USD Cad sticky around 1.2510. Been in and out couple times, still holding short. Long Euro from 1.2066, looking for a push up to 1.2080 and beyond for a scalp.
 
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