Dislikedusd/chf looks to regain ground here 1.08043 the next level of resistance that should be good for a trend friendly move....1.08992 a solid wall that no way could be penetratedIgnored
History is written by the victors.
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Dislikedusd/chf looks to regain ground here 1.08043 the next level of resistance that should be good for a trend friendly move....1.08992 a solid wall that no way could be penetratedIgnored
DislikedI see you made a blog for your trades...it is very much appreciated !
Btw do you see a bullish bias for the USD/JPY up to 108.7 ?Ignored
DislikedLooking for a higher close today in general on the US dollar (lower eur, etc) - I think the overheated commodity markets are going to cool down a bit today after 4 consecutive (really big) upcloses on oil and gold is making a bearish pattern right now. That massive increase on oil yesterday was before the expiration of the contract, so I'm blowing it off as a fade for today, but taking note of upside risk which is certainly still there; I just dont believe to the magnitude we've been seeing lately... If US equity markets go lower can expect UJ to go lower with it and EJ, AJ, etc to decline with them, very possibly, and with enough strength, to bear weight on GBP and EUR, etc.
Overall if this is the case good USD selling opportunities in general line up for some core positions.
But based on everyday whacky events and Paulson on the platter I immediately knock off a good 40% accuracy on my analysis here. Really volatile and need a good stomach to trade it. But the levels still work, just dont get caught in a squeeze. Thine trend art thou friend.Ignored
DislikedI've subscribed to the blog and I think I completed all the steps properly. I find only one post there from Steve W. Is that right?
Thanks.Ignored
Disliked- $9 bucks for the domain name and we're good to go - see all I do for you guys ?Ignored
DislikedIf we're still doing that.
USD/CAD
Long 1.0321 - 1.0294
I like the lower level better, right around the figure.
61.8 from the latest big move up, and 50% from the lows of May.
My only reservation is that oil is rocketing up, but we wouldn't be back at these levels without that, would we? lolIgnored
DislikedTRACK
Does this belong on the blog or will that be for Steve w. only?Ignored
Disliked
But I'll try to come up with a better gameplan and I'll let you know.Ignored
DislikedNo problemo! Ultimately yeah thats what Im looking for, but its all on the shoulders of what happens in the equity markets this week. After yesterday's selloff we saw hard, one time sellers pushing down the market and there is still a lot of uncertainty in regards to reactions coming from this bailout plan. I, like anyone else out there, is mixed on how the market will react, but if I had to throw a pass right now I'm saying short the dollar over the next few weeks. Looking for longs in general on this pair; today we might get a move lower, but I think today or tomorrow we'll see follow through to the upside. Again, alot is dependent on this news, so its harder than usual to make a fully confident forecast.Ignored