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- Mcbeaners replied May 15, 2024
a day ago i was thinking this was dead but the dollar did infact drop. will it bounce off my target? meanwhile on the month chart of EU Cable i seel a long term setup for a quick burst to 1.12 and 1.31. will it happen? we need another month of this ...
- Mcbeaners replied May 14, 2024
they reversed on the news. usdcad short.
- Mcbeaners replied May 14, 2024
early days but does appear news in 20min will be dollar positive. edit - and cable might be the best short
- Mcbeaners replied May 10, 2024
too conservative? ok try 1.05532
- Mcbeaners replied May 10, 2024
reckon dxy is heading for 1.0545 ish
- Mcbeaners replied May 10, 2024
yup - dollar shorts have closed and it will be "allowed" to rise until maybe Monday even. still long CU and now add more longs.
- Mcbeaners replied May 10, 2024
reckon dollar news will be bearish but market has already sold it. so will probably reverse. just a guess.
- Mcbeaners replied May 10, 2024
well that didn't go to plan. ouch. i've double down long. the long setup is still there... fingers crossed.
- Mcbeaners replied May 10, 2024
Cad news on deck - appears it will be USD friendly.... so will try to buy some off the lows.
- Mcbeaners replied May 10, 2024
silver and copper are bouncing off old long term POC's here. missed the top and won't be shorting. gold appears to be breaking down here a little - won't be shorting that freight train.
- Mcbeaners replied May 9, 2024
not often that gold, silver and copper rise after the UK session is over. reverse on an falling market aside. now let's see what shanghai can do.
- Mcbeaners replied May 9, 2024
30-y Bond Auction news in an hour. dollar bulls did enough to make it confusing where the dollar is going. need another 4h candle to sort it out. gold and especially silver look poised to move higher.
- Mcbeaners replied May 9, 2024
looks like my concerns were misplaced. still need the 4h candle to close anywhere around here to confirm down digger down.
- Mcbeaners replied May 9, 2024
closed my positions.... dxy could reverse .... dang it.
- Mcbeaners replied May 9, 2024
selling usdcad - seems to be best candidate.
- Mcbeaners replied May 9, 2024
i'm working off the 4h chart so i would expect dxy to work the channel that has been in operation this and last year (weekly chart). edit - one can see the on the weekly that dxy is now in a down swing. for the moment i wouldn't hold my short past ...
- Mcbeaners replied May 9, 2024
order flow suggests dxy is in head fake mode currently - should activate after this 4h candle competes (for me in 2hours).
- Mcbeaners replied May 7, 2024
i got stopped out of EU short. now DXY will it reverse here? maybe.
- Mcbeaners replied May 7, 2024
video Won't Somebody Please Think of The Traders?? something to enjoy at the end of the day.
- Mcbeaners replied May 6, 2024
anything is possible - but i reckon this isn't about the Euro this is about the dollar. time will tell.