USD index

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

  1. Piptaker

    Piptaker

    A monthly bar will be printing this weekend so we still might see some moves, only the ozzie green at the moment out of euro and cable and iv'e seen those green bars turn red right at the end of printing,too big of an ask for the ozzie though I think ....... Trade what you see and not what you think as always.
     
    #31     Jul 28, 2016
  2. Piptaker

    Piptaker

    choppy cable.jpg
     
    #32     Jul 28, 2016
  3. Cswim63

    Cswim63

    Yes it's choppy. Im just looking at the overall context the past tree days, where you had what looked like a break to the downside, failure after fomc, then another failure this morning. I've noticed the tendency for very extended markets to shake off both sides and create doubt on both sides before resuming the trend. So I'm still looking for a break to the downside. But we're going into Friday, so I'm not expecting as much. Money moving to CHF, which is a warning sign for other markets.
     
    #33     Jul 28, 2016
    Piptaker likes this.
  4. Piptaker

    Piptaker

  5. Piptaker

    Piptaker

    yup I agree . I don't trade now unless I'm seeing the order flow and where the big boys are positioning.
     
    #35     Jul 28, 2016
  6. Cswim63

    Cswim63

    Reluctantly bullish on GBP once again. The tape just doesn't want to go down. 131.90
     
    #36     Jul 29, 2016
  7. Piptaker

    Piptaker

    I think cables going down
     
    #37     Jul 29, 2016
  8. Cswim63

    Cswim63

    Trying to keep an open mind here. We'll see how the open goes. Looks like it will open just under yesterday's open.
     
    #38     Jul 29, 2016
  9. Piptaker

    Piptaker

    cable 11.jpg
     
    #39     Jul 29, 2016
  10. Cswim63

    Cswim63

    Yes I could see that happening as well.
     
    #40     Jul 29, 2016