DaweFXHunter
Short

DOLLAR - the banks still don't have enough longs yet (NEW)

TVC:DXY   U.S. Dollar Currency Index
Hi Traders, thank you for watching my multi-timeframe analysis of this pair.
My trading strategy is based on the simplicity and core of the markets which is Buying and selling.

I'm trying to spot the next steps of the big players by using the Market profile, Volume and COT (commitment of traders)
The way I think about the markets is based on the fact that Market makers (banks, hedge funds)can do their operations only when other side (traders like you and me)
provide them liquidity = We must sell so they can buy and opposite. So I'm looking for the Stop loss zones, fake outs and other confluences to enter the markets.

My battlefield is defined by the channels on the higher timeframes, I mostly play on the upper bands and middle bands in the directions of the COT .'
I'm swing trading not intraday trading, so my ideas always takes a time and patience to play out and most important is to do the good risk management, se we can stay emotionless in a trades.

Don't hesitate to comment with any questions and if you learning something support this idea with like or share it in other trading forums.

Wish you good hunt !!

Dave FX Hunter

Previous analysis:
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Comments

Yes I agree man. Still bearish on the dollar
+1 Reply
Hi Dave. Love your data driven analysis. I believe you could add DIX data for a holistic medium term view. Sqzme
A common missed association is the mechanics of low buying of SPX, or indexs, in general relates to more holding of cash. So DXY becomes less liquid/more scarce, dollar shortage.
Dollar shortage drives DXY up..look historically at market corrections, the dollar rises...is this really traders buying USD or just selling shares and holding cash driving dollar up with is it's reduced liquidity ?
Although USD and eurodollars seem to be printed at infinitum they are still measurable.
Cheers Bruce
Reply
very informative analysis,thanx
Reply
There is some strength in the dollar now, but I agree that to go higher, there should be lower prices for a powerful jump.
Reply
Agree, thanks for sharing
Reply
very nice video my friend! 🦐📽
Reply
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