INDEX:DXY   U.S. Dollar Index
4109 17 6
Can the "Mirror" reflect again or broken?
Back in May 2010, when these pair crossed each others paths, there was a HUGE repulsion.
Historical set up re-emerge, but what about the outcome?
DanV MOD
2 years ago
Thanks for sharing. Based on my chart I think we might have a repulsion or have period of overlapping congestion. Many would not agree and that is shown by the near 90% bears on EURUSD.
DXY - Dollar Index Ready For Reversal Or Retrace
+1 Reply
jangseohee DanV
2 years ago
No mention Danv, 1st thing first. i maybe be as good as you in your analysis, but i do believe it like that
Hence there seems to be some congruence of my analysis to your in big picture

DXY, Bullish bear to Bearish bull, sorry i chicken out
Reply
DanV MOD jangseohee
2 years ago
Agreed and this weeks event might actually put a clear definition on that charts. Could be jaw dropping. We will see how it develops.
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jangseohee DanV
2 years ago
Using CHFJPY as channel example, whatever fundamental reason it is i do not care..
i just know that instead of price going slowly to the upper channel resistance, that unpeg do it nicely at one go... :-)
CHFJPY, i have hypothesis on why central bank did that
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jangseohee DanV
2 years ago
coming back to EURUSD channel...
i am pretty worry about Draghi doing it at one go.. sending price straight to the bottom of red channel..
which my long at 1.16400 will lose alot..
i am considering whether to exit with mini loss or just wait for surprise...
This totally pan out another different perspective of my DXY vs FXE mirror view :-)


snapshot
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jangseohee DanV
2 years ago
And if i am not wrong, large speculators at NET short on EURUSD..
the only way to make them bankrupt is to have a surprise peg at 1.25 or louzy QE program where price go up :-)
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DanV MOD jangseohee
2 years ago
I agree. I think that EUR bearishness based on QE is probably overdone. I am not convince that we are likely to have EURUSD dropping that much. I think we might have if anything a minor spike lower as knee jerk reaction but EUR could well have already bottomed comparing this with all other EUR pairs in this chart.
snapshot
and referencing this with the main EURUSD chart
EURUSD - At Least A Relief Rally Could Be In Store
+1 Reply
jangseohee DanV
2 years ago
fingers cross, i have another 4 buddys who are ready to lose 2grand each should the price plunge to 1.06400... around there just one Full lot
1.16400 - 1.06400 = 0.1 x 100000 = 10000, i hope my calculation is right, excluding the commissions and roll over :-)
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DanV MOD jangseohee
2 years ago
That is nearly 1000 pip. 1 full lot for that might be $10k just re-check that calculation
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jangseohee DanV
2 years ago
thanks your confirmation and reassurance, thats what each of us are willing to lose, In my humble opnion it is very important for each trader (be it intraday or position), treat it as a lost first irregardless of how big the winning probability is :-)

My buddies are convinced of my ability to help them to recoup some losses by tonight
I do not know how much our 320 Call would jump once market open :-)



NFLX, feeling bullish
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DanV MOD jangseohee
2 years ago
YW.

Regarding Netflix you could be right possible 400 upside not necessarily today but over next few day. Except don't overstay your welcome. Here is the chart to show what mean.
snapshot
+1 Reply
jangseohee DanV
2 years ago
Wonderful... we are on the same page :-)
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DanV MOD jangseohee
2 years ago
Great :)
+1 Reply
jangseohee DanV
2 years ago
DanV, we are disappointed to lose 300 pips only :-)
Exited at 1.13400...
But USD is KISSING the 1985 resistance trendline.. lets observe
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DanV MOD jangseohee
2 years ago
Yes indeed. Will need some time to see how this resolves.
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jangseohee DanV
2 years ago
DanV, i have waiting for this last hurray..
Short 93.8, then 95 waiting, so scary, against the strongest bull
DXY, will my trusted channel perform the role?
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DanV MOD jangseohee
2 years ago
Yes indeed. Some time when market tops it gets extended move away from any trendline and then reverse. Sort of false break. One to watch for sure.
+1 Reply
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