I too am baffled why traders think the market is going to turn in USD's favor. Its not going to happen in 2008. Mid to late 2009, maybe. I think a few of you all are mistaken 'retracements' for trend turns. Or you are counter-trend traders. Or you are trading on a very small timeframe (1m/5m etc) This trend is up and will continue to be up until the big boys decide it's run it course. But I don't see that happening a week before Christmas. They will not turn a trend a week before their holiday. I dont see it happening.
Best advise I can give ... 4 Hour chart in the overall trend direction (uptrend at the moment), 5 Minute chart w/ stochs to determine when retracement will head up again.
Best advise I can give ... 4 Hour chart in the overall trend direction (uptrend at the moment), 5 Minute chart w/ stochs to determine when retracement will head up again.