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USDX

  • #281
  • Jul 17, 2019 5:04am Jul 17, 2019 5:04am
Quoting asgcorp
here we go again. I'll just leave it here. Sept 2018 H4 DXY vs H4 DXY right now. {image} {image}
So you think DXY will rise? Interesting how we all see things, sometimes completely differently. Interested to see how this plays out.
  • #282
  • Jul 17, 2019 5:06am Jul 17, 2019 5:06am
it plays out with EURUSD breakdown of 1.1200 soon and then re-test range lows near 1.1100 next 10 days (before FOMC).
EURUSD daily. spot the similarity.
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  • #283
  • Jul 17, 2019 5:13am Jul 17, 2019 5:13am
Quoting asgcorp
it plays out with EURUSD breakdown of 1.1200 soon and then re-test range lows near 1.1100 next 10 days (before FOMC). EURUSD daily. spot the similarity. {image}
Wow. I have a slightly longer perspective and have been waiting for the DXY to crash and EU to head towards 1.22 over the next 18 months or so withe DXY following the opposite trajectory. I appreciate your thoughts. Cant see either axis on your EU chart so I can't read it. EU to 1,13 for me in next 2 weeks
  • #284
  • Jul 17, 2019 5:15am Jul 17, 2019 5:15am
Quoting directxxx
{quote} Wow. I have a slightly longer perspective and have been waiting for the DXY to crash and EU to head towards 1.22 over the next 18 months or so withe DXY following the opposite trajectory. I appreciate your thoughts.
that's the consensus around here. But what if FOMC doesn't cut rates? Probability of the rate cut is almost 100%, so FOMC might act against the consensus, also based on strong data, postponing the rate cut might make sense... Just some thoughts, not predicting any outcomes for the FOMC, in fact it's a 50/50 probability.
  • #285
  • Jul 17, 2019 5:21am Jul 17, 2019 5:21am
Quoting asgcorp
{quote} that's the consensus around here. But what if FOMC doesn't cut rates? Probability of the rate cut is almost 100%, so FOMC might act against the consensus, also based on strong data, postponing the rate cut might make sense... Just some thoughts, not predicting any outcomes for the FOMC, in fact it's a 50/50 probability.
I have little or no cares about FOMC. EU looking like 1.13 (plus) next stop for me.
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  • #286
  • Jul 17, 2019 5:56am Jul 17, 2019 5:56am
Quoting fontu
may be with trade war all turmoils added in the play and also trump perhaps frightened with weak usd now , usdx trying very hard to go sideways rather normal price action , likely trying very hard before the tanking or so. Anyway will look only bears for time being to top bull end & bear start & play in bigger bull for last chance. Take care , fontu {image} {image}
your meaning usdx is going to bull ? Expected how much days ?
  • #287
  • Jul 17, 2019 5:59am Jul 17, 2019 5:59am
Quoting asgcorp
it plays out with eurusd breakdown of 1.1200 soon and then re-test range lows near 1.1100 next 10 days (before fomc). Eurusd daily. Spot the similarity. {image}
your meaning after fomc usdx will bearish ?
  • #288
  • Jul 17, 2019 6:03am Jul 17, 2019 6:03am
Quoting rameeztr
{quote} your meaning after fomc usdx will bearish ?
EURUSD upside capped at 1250 until FOMC, so short sell any rips/rallies. Target close to 1100/1120.
After FOMC 2 options (pick your poison):
1) 1100/1120 breaks and we hit 1000/1020 within one week.
2) 1100/1120 hold as S/R and we reverse and re-test 1300//1350 within 1-2 weeks.
  • #289
  • Jul 17, 2019 6:06am Jul 17, 2019 6:06am
Quoting asgcorp
{quote} EURUSD upside capped at 1250 until FOMC, so short sell any rips/rallies. Target close to 1100/1120. After FOMC 2 options (pick your poison): 1) 1100/1120 breaks and we hit 1000/1020 within one week. 2) 1100/1120 hold as S/R and we reverse and re-test 1300//1350 within 1-2 weeks.
Thanks. This shows how much u know this market.

Keep it up.
-happyTrading, maaj-
  • #290
  • Jul 17, 2019 6:15am Jul 17, 2019 6:15am
Quoting asgcorp
{quote} EURUSD upside capped at 1250 until FOMC, so short sell any rips/rallies. Target close to 1100/1120. After FOMC 2 options (pick your poison): 1) 1100/1120 breaks and we hit 1000/1020 within one week. 2) 1100/1120 hold as S/R and we reverse and re-test 1300//1350 within 1-2 weeks.
I think USDX is a basket case for the next couple of months (even years). I would appreciate if when you post a chart you could include the axes so that I can see your timeframes ... I would like to your analysis better. I want to see if I am completely wrong or not.
  • #291
  • Jul 17, 2019 8:02am Jul 17, 2019 8:02am
you might be right, yes. I'm undecided yet myself on GU and EU.
Fundamentally, your option got more credibility.

One thing worth noting is GBPUSD H4 price chart, this price control line so far contains the bear pressure.
If somehow GU bulls manage to pull off a stunt and buy into this dip, maybe DXY upside will be capped.
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  • #292
  • Edited 10:12am Jul 17, 2019 8:17am | Edited 10:12am
Quoting asgcorp
you might be right, yes. I'm undecided yet myself on GU and EU. Fundamentally, your option got more credibility. One thing worth noting is GBPUSD H4 price chart, this price control line so far contains the bear pressure. If somehow GU bulls manage to pull off a stunt and buy into this dip, maybe DXY upside will be capped. {image}
Sorry asg could you please post a chart with the axis unless you have a special reason not to (no problem). Neither GU nor EU are as yet showing signs of reversals but it may happen today or tomorrow if as I anticipate, the DXY takes a short term tumble.
  • #293
  • Jul 17, 2019 8:21am Jul 17, 2019 8:21am
here's the DXY H4 chart link on TV.
https://www.tradingview.com/x/rVIG2Uwf/

ps scale is log scale
  • #294
  • Jul 17, 2019 8:29am Jul 17, 2019 8:29am
Quoting asgcorp
here's the DXY H4 chart link on TV. https://www.tradingview.com/x/rVIG2Uwf/
Thanks ASG now I see better where you are coming from. Much appreciated. It is fascinating. I still have a negative bias on DXY to sub 96 levels but maybe it is a subliminal bias...
  • #295
  • Jul 18, 2019 1:21pm Jul 18, 2019 1:21pm
Quoting directxxx
{quote} Thanks ASG now I see better where you are coming from. Much appreciated. It is fascinating. I still have a negative bias on DXY to sub 96 levels but maybe it is a subliminal bias...
Glad you explained all that to me. Sees as though the consensus you talked about failed. No disrespect. I thought I might be missing something
  • #296
  • Jul 18, 2019 1:26pm Jul 18, 2019 1:26pm
Quoting directxxx
{quote} Glad you explained all that to me. Sees as though the consensus you talked about failed. No disrespect. I thought I might be missing something
you jump to conclusions too early. )))
let's see what happens next week.
  • #297
  • Jul 18, 2019 1:37pm Jul 18, 2019 1:37pm
Quoting asgcorp
{quote} you jump to conclusions too early. ))) let's see what happens next week.
I have NO DOUBT that GU will retrace to 2430 or even 2400 but that is not what you were implying in your posts. Sorry mate. I am trying to make money THIS WEEK. Next week can take care of itself. Be honest.
  • #298
  • Jul 18, 2019 1:41pm Jul 18, 2019 1:41pm
if you were subbed to me, we made good money in the gold trade this week. )))
otherwise, not sure what you are talking about.
I didn't place any other trades.
All my live trades are posted in my thread.
I didn't take any in GU/EU this week.
Attached Image
  • #299
  • Jul 18, 2019 1:47pm Jul 18, 2019 1:47pm
Quoting asgcorp
if you were subbed to me, we made good money in the gold trade this week. ))) otherwise, not sure what you are talking about. I didn't place any other trades. All my live trades are posted in my thread. I didn't take any in GU/EU this week. {image}
I am only talking about the posts you made in this thread. You were wrong. Accept it. I am not trying to give you a hard time but I genuinely wanted to understand why you were suggesting that DXY was on the rise. You made me falter and I wanted to understand your line of thinking,
  • #300
  • Jul 19, 2019 1:12pm Jul 19, 2019 1:12pm
Quoting directxxx
{quote}You were wrong. Accept it. ,
ignorance is a bliss. have a nice weekend.
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