The Swamp

Nuts on steroids, Graham reaping what was sown.

here you go,,

fyi

back to bed, I need energy for later

The "village idiot's" Twitter account was suspended

It looks like another impeachment next week. Have a good weekend.

Hi Boulder
Can you say how do you calculate this data points? I was trying to understand by myself, but each time I got different numbers.
They are very helpful for my strategy.

make sure your server time is at 24 hour not 22 hour when NY closes at 5pm est. Otherwise you may have different results

I don't trade cross .. I expect cross pairs like: EurChf, EurGbp, AudCad, AudNzd ..etc..

https://www.forexlive.com/news/!/the...ounce-20210109
Six new reasons for a US dollar rally
Sat 9 Jan 2021 19:44:38 GMTAuthor: Adam Button | Category: News
If there's a bull case, this is it
USDJPY
The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear.
Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce?
The best trade in FX is to always follow the trend, but there is a decent case for dollar strength that hasn't been told. Here it is.
1) Higher US stimulus will boost growth
The implications for the Democratic win in the Senate are easy to understand. On Thursday Joe Biden will be presenting his proposal for "trillions" in stimulus. If anything close to that gets through Congress on top of the $900B already handed out, it will make for two years of sizzling growth. This week Goldman Sachs boosted its 2021 forecast to 6.4%; a big stimulus package would send that up another notch, pulling 2022 higher as well.
Why wouldn't you want to invest in a country growing that fast?
2) The US will be among the first countries to vaccinate
The countries with the ability to manufacture vaccines are at the front of the line for doses and the US will be one of the first to vaccinate the bulk of its population and achieve herd immunity. That's built into GDP forecasts but it underscores that most other countries will lag, including emerging markets which will be a year behind. That relative difference is compelling.
3) Higher Treasury yields
Biden
This week's US dollar move coincided with a 20 basis point move in 10-year yields higher to 1.115%. That boosts yield differentials in the US dollar's favor on many fronts. I think some of the move this week was on bond hedges and I'm curious to see how the dollar performs when yields stabilize, but the rates market is a spot to watch very closely.
4) Fed expectations are too dovish
USA vaccine
The dollar will go wherever the Fed does, and the Fed will follow inflation. Already the talk from the central bank is changing. Less than a month ago they were contemplating more QE or lengthening the average maturity of purchases. This week, Clarida and Evans were talking about timelines for tapering bond purchases.
They've been strident in forecasting no rate rate hikes into 2024 but that always comes with a caveat about inflation. They have been talking tough about allowing inflation to run hot and looking through temporary climbs but when they're seeing 3% year-over-year inflation, will they hit the panic button? Their track record for consistency isn't inspiring.
5) Technicals
I prefer the Bloomberg Dollar Index to the DXY because it's trade-weighted. As you can see here, it's challenging the 2018 low after a one-way 14% move since the March high.
US 10 year yields
That's a big move.
I don't think this is a base to build a multi-year dollar bull market but at the very least there's a case for a bounce. If the DXY is your bag, the chart isn't significantly different, with the latest bounce coming from within 1% of the 2018 low.
Another spot to watch is USD/JPY. There's a downtrend from the March highs that's being challenged. If it breaks, it would be a stronger indication of a retracement phase.
Powell Fed superman
6) Dollar positioning
The consensus has a habit of being wrong. Bank of America's December institutional investor survey highlighted that selling the dollar was the second most-crowded trade. The CFTC FX data also shows a US$30-billion bet in the futures market against the dollar with euro and yen longs particularly crowded.

Got some hint of short term euro top last week. And signs of Dollar strength..hope the almighty dollar comes back..

Been tired of shorting eur usd and loosing money..

We need see conviction no matter what. Eur H4 just reversed to downtrend yesterday, lets see how long this H4 downtrend will last. Last three times, H4 downtrends were cut short with avg 10 counts. lets see this time how long bears can hold the trend. With day uptrend stop moves up at a faster speed , 1.2101 stop atm.. big bulls ( day) may show up soon .. its not easy to reverse Eur since its day, week and month are all in uptrends.. it may need a few tries...
Plus by reading COT report this week, big boys have not given up their Eur longs yet.
I will short Eur next week with caution in mind.

Do you trade with 200 pips (your default SL) = 1% account balance ?

While our president praised them. Just hours before, they were looking to hang Mike Pence and others. They attacked the capitol with bombs, guns etc. Killing and injuring. Hopefully some of the cult will snap out of it.

I don't use hard stop loss often, my risk control is mainly through position sizing.

All those congress were people cowering in basements. While active gunfire was in the halls. Not knowing what would happen to them. I suspect they now have a taste, of how a 6 year old feels. Being in a school, with active shooters. Lets hope it moves them.

On the corona side, they were cowering in close quarters. Even then, many GOP refused to wear mask when offered. It looks like some of these older congress people are at risk.
It looks like the attack was biological too. Not many protestors wore a mask.

Very Good to Read....one of my favorite... absolutely five stars.....


Algorithmic Price Action Trading Strategies

https://www.newtraderu.com/2020/07/0...ng-strategies/

Just for fun....