Discussion in 'Forex Trading' started by GlobalFinancier, May 19, 2006.
Lazy to post bull USD on each USD thread, so this.
The return of the USD...
*Star wars theme ermm whateveryoucallthat*
Oh well, totally wrong on this one, every one of those pairs is about 100-300 pips against my prediction.
I'll fess up lest someone find this thread a few years later "Hey global, USD is down 50%!"
But seriously, no followthrough though the chart seemed short term bearish should've been a giveaway of no support, but then again, hindsight is 20/20.
The Euro hardly gave any ground during all that gold and silver weakness.
The reaction could have gone down to 1.26,it did not : so perhaps we already want to crack the 1.30 level and start the big currency crisis that may also begin to send stockmarkets into a mini crash....
If you ask me - better not to have any opinions on the direction of the markets unless you actually put on the trade. For me at least it creates direction bias in my day - to - day trading . Not having any opinion at all is just one less thing I have to deal with, when the chart in front of me is all I need to know.
Just my 2 pips.
Global, I think you're just a bit too early on your call. USD is making a case here and will see:
by end of June
I agree totally thats why I do trade.....just my 3 pips
USD probably bottoming, long USD/CAD 1.1190
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