What your saying sounds interesting and makes sense, I've never really been a fundamentals man myself, price action, order flow and what the big boys are doing. Usually strong moves like the usdx (initial BO stage move) continue.
Right, same here. But I like to have some sense of the fundamentals to trade, especially for how the market reacts to news announcements. When the news is partially hidden and hasn't been talked about too much, it can really drive things. My mentor used to call it a down card, like in poker.(vs. an up card where everyone knows about it.)
Gold has been having a nice quiet move up. Sure, there have been a few days where it's been talked about on CNBC. But mostly just doing it's thing. Looks like it will break out.
I agree Gold has faked up and down last couple of days (hence the gold looks interesting comment) which means positions are exchanging for a move.
Everything just came all the way back pretty much. Glad I scalped out of everything. Reversal in USD Jpy was the first clue.I don't have the cojones to go long dollar yen just yet.
I'm not trading usdx crosses longer term either right now day trades both sides is the ticket for now