dead2live

DXY on Watch to Break through Support

Short
TVC:DXY   U.S. Dollar Index
The dollar moves weird, so no expectations that it will break support, other than it is possible and trading should be ready for that moment. Even if it breaks, it might sudden stop only a few points below and bounce from there. That's how the dollar sings sometimes, BUT if it should provide a tank-a-thon we should be poised to ride that baby through coorelated pairs (usdchf, usdjpy are my choices). Other pairs: GBPUSD, EURUSD are straddling their own fundamentals and I am uber cautious. Don't bother with iffy scenarios. I'm a good scalper if need be, tho. I try to focus on Less because #lessismore Trade less. Make more. Better: Focus on one pair that is strongly correlated and stack and max orders (after risk is evaluated).

I am presently short usdjpy and usdchf and will watch closely should dxy bounce off support.
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