DislikedIf you're trading USD pairs, keep an eye on indices. In our current condition when DOW falls, dollar rises. {image}Ignored
also this one. Look at volatility peak 2009(Financial crisis &2020 (medical crisis), and compare with gold
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DislikedIf you're trading USD pairs, keep an eye on indices. In our current condition when DOW falls, dollar rises. {image}Ignored
DislikedSorry Davit for posting these screenshots with the CCI indicator but , TECH SAVVY I AM NOT , and I was going to send the screenshots to you in a pm to ask permission , so please forgive me for I have sinned. Traders , I have been messing around with all sorts of things lately and came up with the above. Since I love to trade the USD/CAD , I show you what I did to make 3% on my account within 2 hours this morning , NEVER risking more than 50 % of my account value. I can hear lots of people saying 50 % !!!! Since there is an inverse correlation between...Ignored
Disliked{quote} Yawn,,, are you saying you are risking 25%-50% of your account to make 3%?Ignored
Dislikedshort EG its the right time Goes without saying I could be wrong.Market can do anything but its great set up.should dive under 90 very soon USD still dominates but its getting pretty extreme at this point. Closed losses on UC Weak oil demand plus Saudis going all out pumping more exasperates the situation.Not touching the CAD could go 145 2015 highs I suggest shifting your trades to None USD pairs. Crosses are safer/Right now USD dominance is on panic level.Ignored
Dislikedshort EG its the right time Goes without saying I could be wrong.Market can do anything but its great set up.should dive under 90 very soon USD still dominates but its getting pretty extreme at this point. Closed losses on UC Weak oil demand plus Saudis going all out pumping more exasperates the situation.Not touching the CAD could go 145 2015 highs I suggest shifting your trades to None USD pairs. Crosses are safer/Right now USD dominance is on panic level.Ignored
Disliked{quote} Hi Davit, lately it's been a bloodbath, at least for me. I think the wisest advice to survive this crazy period was given by fellow trader Cryptosurf here: https://www.forexfactory.com/showthr...7#post12813637 Btw what about you AN trade ? I'm still on it and in deep DD, it's close to parity now.Ignored
Disliked{quote} Hi Davit, is one of the reason the price hanging around 0.786 fib retracement area? thanks {image}Ignored
DislikedCan anyone explain why the USD is getting so strong? I don’t get it. MM’s?Ignored
DislikedCan anyone explain why the USD is getting so strong? I don’t get it. MM’s?Ignored
Dislikedshort EG its the right time Goes without saying I could be wrong.Market can do anything but its great set up.should dive under 90 very soon USD still dominates but its getting pretty extreme at this point. Closed losses on UC Weak oil demand plus Saudis going all out pumping more exasperates the situation.Not touching the CAD could go 145 2015 highs I suggest shifting your trades to None USD pairs. Crosses are safer/Right now USD dominance is on panic level.Ignored
DislikedCan anyone explain why the USD is getting so strong? I don’t get it. MM’s?Ignored
Disliked{quote} With the value of stocks decreasing you are seeing the destruction of dollars. This means dollar strength as they become more scarce. That is why you saw gold fall at the same time as stocks. It didn't fall as far though as some of the money taken out of the stock market was moved into gold for 'safety'. This is why they are going so hard and fast into printing and interest rate cutting. To bring back confidence, if possible, and to combat deflation. Deflation explains the movement of Gold and Bitcoin. It also explains Oil falling in part....Ignored
Disliked{quote} I'm not a gold trader Skracor247 , however , I was wondering why gold had not skyrocketed. Interesting. GEIgnored
Disliked{quote} No one gets it! We are currently sailing in uncharted waters. I've traded now for 39 years and I've been through the 80 crisis, dot comm bubble, oil collapse, 2008, And I've never seen anything like this. Although if you recall from some of my previous posts going back to last year these markets are not making sense. BDI Index was down, Transportation sector was way down with major trucking companies going bankrupt in the USA. These are the proverbial Canaries in the Coal mine. I and many others thought the market was overcooked and now...Ignored