USD index

Discussion in 'Forex' started by Piptaker, Jul 22, 2016.

  1. dealmaker

    dealmaker

    ""
     
    #1241     Apr 23, 2018
  2. Cswim63

    Cswim63

    Wow I go away for awhile and nobility shows up. Maybe I should go away more often. Anyway, welcome. And I did notice the chart pattern, the flag that started to ascend to the right. Looks like the previous pattern has been broken now.
     
    #1242     Apr 23, 2018
  3. Cswim63

    Cswim63

    Yes. Well said. My only question now, having missed the latest part of the move, is where do I get in and what's my stop? Patience, I guess is the key. Asking myself whether the retracement will be quick and violent, or drawn out.
     
    #1243     Apr 23, 2018
    comagnum and dealmaker like this.
  4. Cswim63

    Cswim63

    Somewhere in this thread I was talking about the bond market blowup of, I think, 1994. It was right around there. I went to California from New England with one of my mentors to see "S.S". They were in the office building right on the beach in Santa Monica. The one in the beginning of Baywatch. Anyway they were considering hiring us only because they had just lost about a half billion or so in the markets and were looking for guidance. It never panned out, but I can't forget how that move just blindsided a lot of people. Everyone remembers stock market blowup, not so much bonds. Maybe because we've been in a bond bull market all of my adult life. But I do remember 15 percent! Seems impossible now.
     
    #1244     Apr 23, 2018
  5. Cswim63

    Cswim63

    This last move seemed to start with Cad. When I came back there were some Canadians on the dock next to me, with a beautiful 50 plus ft sailboat, all handmade in aluminum by the owner. Down below each salon had a different type of wood, but it was really tastefully done. It dwarfed my little boat. Anyway, we were talking currencies and it looked then like the Loonie was going to really strengthen. I was short UsdCad, my first trade in awhile. It worked for awhile. Then the reversal after BOC. It seems these double reversals are the best trades, though rare.
     
    #1245     Apr 23, 2018
  6. Cswim63

    Cswim63

    Missed the short in NZD above .7150. Had been watching it and got busy with something else. Might short a little with a big stop. Hmmm. .7124 last.
     
    #1246     Apr 23, 2018
  7. Cswim63

    Cswim63

    Sold the tinyest amount at .7124, stop .7162. My thinking is that any rally above .7140 would present too much of an opportunity right now. And Im looking for some real bloodletting. Soon.
     
    #1247     Apr 23, 2018
  8. Cswim63

    Cswim63

    Shorted some EUR, AUD. 1.2196, .7594. Stops 30 pts. Which is too little given the vol.
     
    #1248     Apr 23, 2018
  9. Cswim63

    Cswim63

    I'm trying to contain myself, but it just looks and feels like an irrational situation, where the markets overshoot. Whenever you think it can't go any further, it does. So there's no way to wait for a setup in the short TF. Of course, I could also be the lone turkey at the poker table. I've thought about that too.
     
    #1249     Apr 23, 2018
  10. truetype

    truetype

    When did he last manage public money, with a published track record? 25 years ago? Ever?
     
    #1250     Apr 24, 2018