USD index

And it would take a little while for longer term traders to tp and reverse which would require rallies

 

here is my current forecast for US Dollar http://brokerarena.com/news/live-trading-analysis-23-01-2017/

 

My position is that three weeks ago the dollar trade was crowded. Now, not so much. I'm staying with the longer trend. Except GBP where the tape is still positive. But there too I'm looking for any failure.

 

Out of dollar long. I've learned not to fight the afternoon trend in anything. Tape was sneaking up again. Watching USD Jpy for a break down now. 113.20 is key on upside.

 

Short USD Jpy 113. Stop 113.28, target???.

 

If you can't beat them, join them.

 

USD Jpy finished on lod I believe or pretty close. Added to short at 112.77.

 

Finally a winner. I've really been off in my trading, doing stuff I don't normally do. Like trying to pick a top. Or fighting the momentum. When i go with, everything just becomes easier.

 

I believe this is the third wave of correction on the dailys. Could be violent.

 

Sold my last piece on the move back to 112.70.