I did end up selling GBP, twice. First time 1.3242 missed the first leg down on London open, stopped myself for a small loss at .48. Fell asleep only to wake up with it 60 points lower. Missed it by about 15 minutes. Waited for retrace to 1.3217 or so in the afternoon, out 1.3205. That was my best trade of the week as far as patience, heat, and overall execution. In general I'm being more patient with things after a long spell jumping at stuff. The Usdjpy where it broke 1.1280 was one of the few situations where acting quickly paid, but I've been watching that breakdown for a long, long time and was on the other side above 1.13, so I felt the breakdown personally. Still no clear direction for the USD, it's case by case. Or risk, for that matter. If I had to characterize, I'd say aging bull market in equities. Should lead to some better volatility, especially with the Central bankers tightening or thinking about it. Any loss of liquidity is significant in a market addicted to liquidity.
Still too much uncertainty with the new NZ government at the moment and markets don't like uncertainty
Hey pip, which broker do you use? Now, Aussie brokers have stopped providing services to NZ residents due to new regulation.
Hey mate,well I'm still using aussie but I've been struggling lately with FX brokers to be honest they don't like me and so I maybe looking for a good futures broker, I'm currently with Pepperstone but see how long that lasts.. Who are you with or recommend?
Long USD against Euro, Aussie, Cad. Just wondering when the dam will break. Just looked at a gold chart. Seems pretty much the same-- down at some point here, probably hard.