USD index

I'm thinking along the lines DX is going to fall from here today.

 

The risk off move that's been going on for a few weeks seems to have run it's course for now. Watching Gold, which seems to be holding. Just added to usdcad short. Short covering moves are usually pretty violent. Watching gbp which is stronger than EUR and holding.

 

1.2840 is the number to get through in Usdcad. So far so good all around. Still can't figure out USDJpy. Looks lower but won't break.

 

Ok now we're cooking. This should be more than a day trade, though I'll cut back if we get a nice push. Euro resistance 1.1975 from last night.

 

Ok just got stopped on Cad. Reversed long. Out of EUR, short AUD .7514.

 

If you're thinking about anything more than a scalp, I'd be very careful going short USD here. It seemed obvious that a short term bottom was in place against USD, and those traders are being trapped as I write this.

 

USDCad long grinding consolidation below 1.29. Looks like it's finally going to break.

 

Sometimes I feel like a stopped clock.

 

Here we go!! Here we go?? Oh no. Haha. Breakout coming! Soon! Well, maybe later. I just know it. . .

 

No, I know what this feels like. It's Halloween, and I'm Charlie Brown sitting in a field, waiting for the Great Pumpkin to arrive. (He really did show up, after everyone left).