Private Island Traders

Opened small speculative WTI short 54.73, D

Could see a total dropoff for gold, 4hr 1450 looking more a target, D

Scaled out of the gold position, will let the last one run,D

Closed short with a slight loss, see a rise ahead, keeping out, thought there would have been pullback, got it wrong, mental note, don't fight the indicators, D

Closed long, looking like a pullback before any advance if it's going to happen, small loss taken, did open at the topend, silly, but the open can throw a few curve balls, always next time, D

Bed time, good night, remember, cut losses, let profits run, oh, and be opportunist, always take a good quick profit and don't dwell on hindsight, if you do, just remember the times you took a profit and it reversed, to the thought, pleased I got out when I did, D

Come on, give us your thoughts, participate, if nothing else, thankyou for watching,D

My thought: USD is at present the least bad major fiat currency.

US Dollar Index looks to stabilize near 98.40
14 October 2019, 08:03

 

1. DXY continues to digest last week’s losses.
2. US-China trade remains in centre stage after recent partial deal.
3. US data this week includes Retail Sales and the Philly Fed index.

The Greenback, when tracked by the US Dollar Index (DXY), is attempting some consolidation in the lower end of the recent range near the 98.40/30 area.
US Dollar Index stays weak on better risk tone
The index is looking for direction at the beginning of the week following three consecutive daily pullbacks, always under pressure in response to the improved sentiment in the risk-associated universe.
In fact, the US and China reached a partial deal on Friday, motivating President Trump to suspend the tariff hike on Chinese products planned for later this month.
Also adding to the better mood in the riskier assets, hopes of a Brexit deal remain on the rise following last week’s important advance in negotiations between both parties.
Moving forward, this week’s US calendar includes the release of Retail Sales, the Fed’s Beige Book and the Philly Fed manufacturing index.
What to look for around USD
The decline in DXY appears to have found support near 98.30 so far, although the Greenback is expected to remain under pressure this week in response to the prevailing risk-on sentiment. Investors’ attention now shifted to the increasing likeliness of another insurance cut by the Fed at the next meeting and its recently announced programme to expand the balance sheet via purchases of T-bills to remove pressure from the money markets. Despite evidence that the US economy could be losing some momentum, the labour market remains strong as well as consumer spending, although the latest mixed results from the CPI appear to support the view of extra cuts by the Fed in the near future. On the broader view, the constructive outlook in DXY looks a bit damaged but it still is in play amidst a divided FOMC vs. a broad-based dovish stance from the rest of the G-10 central banks. In addition, the positive view on USD remains well sustained by its safe haven appeal and the status of ‘global reserve currency’.
US Dollar Index relevant levels
At the moment, the pair is gaining 0.06% at 98.39 and a breakout of 98.78 (21-day SMA) would open the door to 99.25 (high Oct.9) and then 99.67 (2019 high Oct.1). On the other hand, the next support emerges at 98.20 (monthly low Oct.11) seconded by 97.86 (monthly low Sep.13) and then 97.80 (100-day SMA).

Entered long @

Reasons for entering:

1. H1 pinbar
2. S61 fib pivot rejection

SL hit @0.8925

Hello all, opened a speculative gold short, got stopped on the las one after scaling out, tried to run the position with zero risk but got killed, another attempt @1490.600, D

Li, I shorted but closed early on, do think this may have cause to rise, you'll get the next one,D

Reversed now to buy 1492.200 if no show will close and look for clearer direction D

Seems indicators down but price up, consolidation/accumulation??, activity needs to push above 1492.500 and we could see the jets appear, D

would like to think this will be the start of the rise, selling volume/activity not getting it down on lower charts, will see from here, seems its stalling, D

My indicator also H1 short gold, target dont know.I also short gold from 1490- tf H1 for a moment min 1483,but maybe more.Gold upper border H1 -1500,here MA200-1499.

Vik, thank you for posting, I'm now long, seems the charts have changed position, just my opinion, think there are holidays today so thin volume, may close soon due to this and reasses, good trading, D

Be careful of a stellar rise if it goes, D

a close through 1491 and I will close my long, D