It's 11:21 pm EST and silver is up 2.3% already. Gold is up as well.....but silver is shooting straight up lately. Shows how much fear there is in the market....IMHO.
DislikedI think if there is too much bad news than the USD goes up and if there is too much good news the USD goes up. The USD has to basically be flying under the radar to really be able to take advantage of the trends that we've been experiencing for the past few months.Ignored
DislikedI found the reaction of the currency markets very interesting. I know that the EUR/USD is sitting right at 1.45, and that area is a massive resistance point. The AUD/USD rose above the 1.05 level, but is still under the 1.06 - a place that turned it back down last time. The NZD/USD pair is still sitting in consolidation, even if it went up today. And lastly, the USD/CAD dropped, but nothing worth mentioning as the 0.98 level is still below. Odd really........
The volume should be picking up the first week of September. Should point the way in the...Ignored
DislikedHave free time and ready for next set up BUT market close
Next week when market open after 4H market should go down to 4410
It just what i c and I'm sure everyone trade his own chart
Thought to post it , Better get some sleep
im in this thread for a while and at first i want to say thank you for this best practices bible.
As for EUR/USD i decided to jump in as for me the formation that is currently forming is looking like flag formation - means uptrend will continue on weekly chart. What you guys think?Ignored
DislikedI somewhat agree with this, but I am looking for a daily close above the 1.45 area before jumping in. I am skeptical, but then again.....I have been skeptical about the Euro for a long, long time........and that hasn't paid off when I listened to it.