Added at .35. I would not want to be short this market (long USD), even if I'm wrong. If this thing keeps creeping up, gotta be some nervous shorts.
My theory is that if it's as strong as I think it is, it's not letting anyone in easily. It's not like they are going to ring a bell. Looking to sell 3/4 around 1.2050. That would be midpoint between most recent lows and highs.
Well, the market is saying pause in trend. I haven't checked equities yet but wouldn't be surprised if they were down too. Got stopped out below 1.2020.
Little bit gun shy this am. Plus I generally trade in the direction of the daily trend if I can find it. My general feeling is that Selling is basically almost over. Now I need to see some kind of base, or double bottom.
Stopped out of that position. Short Usdjpy from 1.1273. Saw the double bottom at 1.1250 which I felt would be violated. Also, there was news about Boj tightening, or thinking about it.