Here we go again, government sucked out of the our economy about 400B in a matter of days. We are still the reserve currency meaning all business transaction comes in dollars. Reason why you are seeing the market very sluggish for the last week. https://www.fms.treas.gov/fmsweb/vie...e=18061900.txt

everything takes time, just because you put on a trade and it doesn't go your way at first, doesnt mean your analysis is wrong. Everything is in your head, when you keep asking yourself "when is it going to turn?" that is a lack of discipline and trust in the fundamentals and the analysis. Think of it this way if rate hikes are good then why isnt everyone buying ARS/USD or TRY/USD?

stick to shorting the dollar, I got some new students and teaching them. But as of yesterday the government collected dollars back in the amount it started with in June, reducing supply of dollars will lead to it rising in value, of course add that to people hysteria and you get a rally in USD. https://www.fms.treas.gov/fmsweb/vie...e=18061500.txt . beginning balance - end of day balance. you can see may was the peak of dollar rally. lets revisit this end of month.

The government took in as of the 23rd $136,378,000,000 for the month of April due to taxes, one reason why the dollar is up. But all of that will be spent out again through government spending. So expect this rally to reverse and we will break the range of the dollar. Last comment is if this game was easy we'd all be rich but that is not the case, only those who trust in their own analysis and are tough will be rich.

Make sure you do not have a stop loss on, add to the short dollar. This is called building a position, or pyramiding. Make sure your margin is fine to ride out at least another 10%, this is more than my usual 5% because of calendar events this week. If you reasoned with the dollar is going up because of yields that is wrong, the dollar is going up for no reason other than stop loss hunting. Learn to manage and defend your positions!

short the dollar

I may soon deposit money back into OANDA. That way you can follow my trades from there and I can be a bit more inactive because I know I have been inconsistent.

Tariff scare was what set the sell off, NOT the correction in inflation. If anything you can start buying the indices here or wait 10 more points. Either way USD down, all other currencies are up per my forecast. Bonds are recovering but wage growth was the key to this trade, slowly going to short bonds again, sorry PIMCO.

tomorrow job numbers should be lower, just my guess. If so bonds up, USD down, stock market up - reason being is the recent corrections have been inflation related. Gold up. Posting p/l so far for the month as well as current holdings.

Sell off is a bit exaggerated, I think it is at $60B now? All because China imposed $3B tariff on US which have an export economy above $2 TRILLION? See the humor? Sometimes the market sets up trades for you take. Looking at COT report you can see commercials are now short JPY, JPY is a proxy for the market, commercials like this price level and commercials are the ones that compose the index so you can bet that JPY will see a correction, use a proxy like EUR/JPY because USD is going DOWN!