USD index

[Piptaker]

I don't like these tightly wound markets. Usually you get range expansion, a move in both directions before everything settles out.

Yeah I've got to go general {bigger tfs} in these conditions lol .. I like to get a handle on what the big boys are doing

 

[Cswim63]

I'm short the world against USD. 1.1745, .7572, .7001 Nzd. I think any rallies now will be pretty weak.

 

[Cswim63]

Gold breaking down. That's been my favorite indicator lately.

 

[Cswim63]

.7510 area key Aussie.

 

[Cswim63]

Cad breaking down as well. I'm not in it. It can get crazy volatile.

 

[Cswim63]

Cad Cid get crazy volatile. Stopped on everything, now long a small amount of EUR. Looks like that last move trapped some traders, as the market traded near old lows then reversed. We may have another leg up to go. My plan was to be out of shorts already. They say "Buy on the rumor, sell on the news." I'd say the news is baked in already.

 

[Cswim63]

Gold now in the same situation, possible break to the upside after what looked like a sure break down.

 

[Cswim63]

Added more EUR 1.1774 long.

 

[Cswim63]

Got out of half above 1.1785, stopped on rest. Now net short Aussie and EUR. I guess it wasn't baked in the cake after all. So far, that is.

 

[Cswim63]

So far is right. Whipsaw action. Leaving it alone after a pretty good beating.