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The Strength of USD

  • #601
  • Sep 23, 2021 10:08am Sep 23, 2021 10:08am
Quoting 4for4
Never trade based on instant analysis. Cast your bait and wait for the market to take the bait ...
fair comment.

what i'm looking at is 93.018 previous support now resistance. so let's see how she deals with that number.
In tea leaves we trust!
  • #602
  • Sep 23, 2021 10:11am Sep 23, 2021 10:11am
Quoting Mcbeaners
what i'm looking at is 93.018 previous support now resistance. so let's see how she deals with that number.
Are you selling from that price? What are the SL and TP?
Market is not random but unpredictable
  • #603
  • Sep 23, 2021 10:23am Sep 23, 2021 10:23am
Quoting 4for4
{quote} Are you selling from that price? What are the SL and TP?
not trading it. i'm trading gold.

it broke .017/8 and now is back at old support and breaking that.

its a long imo. see my previous chart for tp.
In tea leaves we trust!
  • #604
  • Sep 23, 2021 4:17pm Sep 23, 2021 4:17pm
for amusement only but let's see what comes. it obviously won't run straight up - probably retracing @ 1hr 50ma (thick blue).
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-23_17-14-33.png Size: 53 KB
In tea leaves we trust!
  • #605
  • Sep 24, 2021 6:26pm Sep 24, 2021 6:26pm
Will the current swing (as bullish impulse wave) which was started from 91.80 finish at 93.50?
Attached Image (click to enlarge)
Click to Enlarge Name: 09ABA778-BBC0-4B61-A170-28A18367467B.jpeg Size: 336 KB
(The last bullish impulse wave run from 91.78 to 93.75)
Market is not random but unpredictable
  • #606
  • Sep 24, 2021 10:38pm Sep 24, 2021 10:38pm
Quoting 4for4
Will the current swing (as bullish impulse wave) which was started from 91.80 finish at 93.50? {image}(The last bullish impulse wave run from 91.78 to 93.75)
In my opinion, it will go well above that, depending on interest rates, inflation and the need to continue the current expansive monetary policy.
Dollar index is likely to reach pre-pandemic levels next year if things run smoothly. Long term traders should look into that target, I think.
Follow your guts, if you want to lose your money...
  • #607
  • Sep 25, 2021 11:42am Sep 25, 2021 11:42am
Quoting Mcbeaners
for amusement only but let's see what comes. it obviously won't run straight up - probably retracing @ 1hr 50ma (thick blue). {image}
i don't trade dxy but defo look at it when trading other stuff - esp commodities. never took the time to TA it. gold star for anyone doing this as a full time trade, what a confluent mess.

the road to 93.671.....
from the my chart above it did respect my rising trendline (i've adjusted slightly) but didn't move exactly as i thought. now looking at it with more time, i'm finding the correct support/resistance levels. A - horizontal @ 93.263 was the active S/R, that has now been passed and B (93.324) is active. once passed it will be support as seen in the chart. etc.

so i think blue line will be the path to 93.671. trendline is over support and when broken will be resistance on the way down.

enjoy the ride.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-25_12-30-48.png Size: 70 KB
In tea leaves we trust!
  • #608
  • Sep 26, 2021 8:20pm Sep 26, 2021 8:20pm
within an hour we'll know if the dollar rise has been completed. certainly looks like right now.
In tea leaves we trust!
  • #609
  • Sep 26, 2021 8:32pm Sep 26, 2021 8:32pm
Most traders lost because they think that trading is a game of predictions. The levels of EP, SL and TP are either a calculated level or an existing level, not some guessed or psychological levels ...
Market is not random but unpredictable
  • #610
  • Sep 27, 2021 2:59am Sep 27, 2021 2:59am
Quoting Mcbeaners
within an hour we'll know if the dollar rise has been completed. certainly looks like right now.
as ever I talked myself into this idea, 93.67 it is.
In tea leaves we trust!
  • #611
  • Sep 27, 2021 3:24am Sep 27, 2021 3:24am
Calling a level as a target is useless without defining an entry and its stop level …
Market is not random but unpredictable
  • #612
  • Sep 27, 2021 11:46am Sep 27, 2021 11:46am
Quoting 4for4
Calling a level as a target is useless without defining an entry and its stop level …
that's for you to figure out.
In tea leaves we trust!
  • #613
  • Sep 27, 2021 6:31pm Sep 27, 2021 6:31pm
classic


Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #614
  • Sep 27, 2021 6:38pm Sep 27, 2021 6:38pm
Quoting 4for4
Calling a level as a target is useless without defining an entry and its stop level …
To increase our chance of being a profitable trader, we need to improve our technical analysis skill by (among other things) able to take meaningful existing levels and/or calculated levels to make a conclusive pending order in the form of “EP —> SL / TP” ...
Market is not random but unpredictable
  • #615
  • Sep 27, 2021 6:58pm Sep 27, 2021 6:58pm
lol - i'm not trading it.... i just use it as a signal for buy/selling usd priced stuff

tuesday is normally dollar bullish so let's see what happens.
In tea leaves we trust!
  • #616
  • Sep 27, 2021 6:59pm Sep 27, 2021 6:59pm
still laughing.... ha ha hahda hadadfad fa aadsf ;asdpfiuaewp9rr9r9ra qhnzahjnmefgvo9fgov9ncdefhjvxiWebnvFGH pi:?defAtsddf
In tea leaves we trust!
  • #617
  • Sep 28, 2021 5:50am Sep 28, 2021 5:50am
are we there yet?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-09-28_06-48-56.png Size: 296 KB
Click to Enlarge Name: 2021-09-28_06-48-16.png Size: 40 KB
In tea leaves we trust!
  • #618
  • Sep 29, 2021 4:50pm Sep 29, 2021 4:50pm
Quoting Mcbeaners
lol - i'm not trading it.... i just use it as a signal for buy/selling usd priced stuff tuesday is normally dollar bullish so let's see what happens.
How about Wednesday?

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-30_7-45-57.jpg Size: 307 KB
It takes a lot for me to IGNORE you, but you can try.
  • #619
  • Sep 29, 2021 7:01pm Sep 29, 2021 7:01pm
Quoting Erebus
{quote} How about Wednesday? {image}
nope! still think dx has some more upside

was trading softs, but i'm looking for longs in gold, silver etc.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-29_13-32-22.png Size: 341 KB
In tea leaves we trust!
  • #620
  • Sep 29, 2021 7:03pm Sep 29, 2021 7:03pm
text to got with the above chart....

Quoting Mcbeaners
this could be at play, i missed that the 3 drives has completed on the last intermediate. 94.47 should be around the correct high for this run and its the 2 of the potential 3 drive. so me thinks dollar has more upside. imo. we'll seee. {image}
In tea leaves we trust!
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