USD index

Closed out Euro short 1.1480. Always wanted to have that level of discipline. I screwed up the early part of the trade, regrouped this a.m. Still bearish Euro, just want to see a retrace 115, 115.05, 115.25. No clear resistance levels there.
 
Took a Euro short above 1.1510 this am. Got stopped out by a pip 1.1539. Reentered lower, managed to salvage the day. Right now we are setup for another run above 1.1535 to 40. 1.1550 seems like it could never get back there, but it could.
 
Aussie dollar New swing low below .7050. That's got to be bearish for everything. Holding short Euro after getting chopped up on NFP. Long Usdcad from above 1.2925. Dont particularly like trading this late but thats what the market is telling me.
 
Awfully quiet for a market panic. I'm short everything against USD except not playing Usdjpy. It was a tough, grinding trade against me until CAD finally broke down late. I'm out of it around 1.3060.
 
Flat. Wouldn't be surprised to see the dollar sell off some more here along with the bonds. The flight to quality appears to be into the EUR. Aussie no longer going down, Nzd as well.
 
How much time do you have? Seriously, I find patterns and trade them. Mostly I just watch the tape and momentum. When I have some time I'll make a list. Right now I'm long Euro and Aussie, looking for follow through from last weeks buying. The theory is the ten year US bond isn't done selling off. I had been long USD during the equity sell off, but scratched as there was no movement. When I saw bonds and stocks both going down it made sense to go with short USD momentum. I seem to be picking up the momentum changes on the USD pretty well, then not making any money on them.
 
I could make a case that if there's more panic in the ten year market, the Euro will see a substantial flight to quality, regardless of the stinky fundamentals Eurozone
 
You must log in or register to reply here.
Back
Top