In spite of todays bad showing, I'm not so sure getting short usd is still a bad idea I think my bad idea was geting long eur No sense beating myself up over it, it made perfect sense at the time. If usd is going down, then going down against what? eur seemed like the perfect candidate. I'm already short too much usd. Now I just need to figure out a way to also get short eur. That's putting a lot of strain on all those other little currencies. But I always have gold and crude on my side.
the problem with jpy is it is so independent. sometimes everything else is moving and it is just sitting there also, there is strong consensus that long usd.jpy is a good trade at the moment, I happen to be short usd.jpy, but I don't know how much I can depend on it
besides, I'm still short aud.usd, so my problem isn't with the dollar, it's with the eur I think I may have overestimated it's strength
to trade successfully you need strategy, logic and process with an edge. trading has absolutely nothing to do with what the actual market is doing. look in the mirror for the real problem. s
you may well be right I was hanging out over on the Black Jack thread and just sitting here on a Saturday morning thinking about how much of my trading is nothing more than gambling
Went long at open Sunday night. So far its costing me 42 pips. My bad idea? Don't think so. I expect a bullish result from US election.