Yeah but like you already know you have to be careful momentum can also mean it's going to continue .. I'll send you some ideas that I use
Long term, I remain Long all major currencies and short Dollar, I keep buying Brit Pd and hedged, eventually it will bottom.
Short usd/cad after getting stopped from lower level. Re shorted. Long EUR, Aud and Nzd. Trying to hang on, thinking risk will come back to the market. Watching DB like everyone else, but it seems like the storm has passed for now.
I like the way oil is trading so I'm leaning on usd/cad short. You could make an argument that oil is starting a new range higher
I noticed in another thread a long time trader noticing the chop in oil till now. I see it in the currencies and equities. Perhaps we are nearing the end of it. I'm betting that way for today.
EUR/Aud anyone? Not sure if the move down in gold rearranged the furniture or vice versa, but big moves anyway. Still range bound though with exception of GBP. Equities look bearish now. Usd/Cad action --is it finally going to hold above 1.32? Oil rally in doubt if it does.
Ok Nzd, Aud, Cad , all starting to roll over. Cad down on stronger oil. GBP no need to say it. Only Euro holding up and that may be a bit of flight to quality. Bonds continue to sell off. It seems just a matter of time before they break hard. Hmmm. . .