Anyone understand the implication of this news article, its on Swap banks? https://www.bloomberg.com/news/arti...must-become-the-world-s-dealer-of-last-resort Another interesting article on other major reserves https://www.neweurope.eu/article/us-dollar-surges-detriment-american-exports/ on Gold http://marketrealist.com/2016/11/gold-keeps-close-watch-interest-rates/ on last interest rate increase http://www.globalresearch.ca/us-federal-reserve-set-to-lift-key-interest-rate/5558093
Man ~constrarian stratgy on EurUsd (long) and made a nice profit and it's going through a correction again. BUT I did not short USdYen because I find shorting on reversal quite risky because of spikes at times...maybe I still need to gain more experience
Anyway, oh, my good news, I know how to avoid spikes when trading on bear reversal now! By forming long-short positions with highly correlated currency pairs. In my case yesterday, they were USDJPY and EURUSD. I have just reviewed their divergent/convergent pattern. I am confident using constrarian strategy for long positions but wasn't with short positions, but now I know how to do better, sweet This is why I participate in real trading threads. You discover something new while helping and discussing with others