I have a very dark secret...
I have money in the bank in the UK and USA so I am emotionally connected to cable - but I dont trade it that much because the spread on euro is about a third that of cable and they more or less move in tandem. In a scalping mkt the spread is EVERYTHING
So although I am most interested in cable's direction , its only to give me some ideas for the euro
I know that USD will collapse again but I dont know when. Tne Americans are all pulling cash back home and everyone in arabia is buying US treasuries and this has caused the dollar rise
The tsunami makes the sea go out and then come back in fast
The usd will weaken but when ? when the fear money stops flowing in - thats when
I dont think it will be very soon - not with treasuries at 0%
I am not long or short cable or euro - just pinching pips for 30 minutes or so
80% of my trades have yielded profit in the last couple of weeks so I am making progress - but its not big - its too scary
I am just contra trading ANY big moves and not using charts at all
That system will fail as soon as the market makes its mind up and the fear goes - not soon i hope
I have money in the bank in the UK and USA so I am emotionally connected to cable - but I dont trade it that much because the spread on euro is about a third that of cable and they more or less move in tandem. In a scalping mkt the spread is EVERYTHING
So although I am most interested in cable's direction , its only to give me some ideas for the euro
I know that USD will collapse again but I dont know when. Tne Americans are all pulling cash back home and everyone in arabia is buying US treasuries and this has caused the dollar rise
The tsunami makes the sea go out and then come back in fast
The usd will weaken but when ? when the fear money stops flowing in - thats when
I dont think it will be very soon - not with treasuries at 0%
I am not long or short cable or euro - just pinching pips for 30 minutes or so
80% of my trades have yielded profit in the last couple of weeks so I am making progress - but its not big - its too scary
I am just contra trading ANY big moves and not using charts at all
That system will fail as soon as the market makes its mind up and the fear goes - not soon i hope