Lanmar PRO
7 months ago
You've neglected too much.
+1 Reply
Lanmar PRO
7 months ago
snapshot


The horizontal lines applied are a minimum, but even then are still neglecting the bigger picture.
+1 Reply
AmadeoTrading PRO Lanmar
7 months ago
What is the big picture in a brother's view?
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Lanmar PRO AmadeoTrading
7 months ago
US DOLLAR STILL KING  - FOR NOW
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Lanmar PRO AmadeoTrading
7 months ago
snapshot

+1 Reply
AmadeoTrading PRO Lanmar
7 months ago
Marvelous understanding. I did take that long term of a view as well and have pretty much the same thought as you. The thing about false breakouts is that they do not break out that far, or else they be 'true breakouts'.
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Lanmar PRO AmadeoTrading
7 months ago
Thank you. False breakouts in my experience are best tested by applying more time (see below). Looking at a 12 month chart there's still a clear breakout and correction should be expected but limited. Nevertheless, cannot trust even the highest probability situations too much.

snapshot
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AmadeoTrading PRO Lanmar
7 months ago
Interesting, it's why I also study Classical economists to understand stuff. Btw is there a reason why when I type "index: dxy" the chart's only updated to 4/1/2016?
Reply
Lanmar PRO AmadeoTrading
7 months ago
Not sure about the index. If you just type DXY it will open a chart.

One of my favorites is David Hume. He would probably be a great currency trader.
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AmadeoTrading PRO Lanmar
7 months ago
Nice. Empiricism lol. Agree he would be. Many of them are smarter than the Keynesians today. My favorite is J B. Say.
Reply
WailEmad
7 months ago
Im going to long, You think of a re-bounce?
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AmadeoTrading PRO WailEmad
7 months ago
I think there are many better trades than longing the Dollar right now
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WailEmad AmadeoTrading
7 months ago
But the Dollar is one of those trades. Dont you think?
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AmadeoTrading PRO WailEmad
7 months ago
USD 4/8/2016
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WailEmad AmadeoTrading
7 months ago
Too much complicated, Always keep it KISS (Keep it simple stupid)
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AmadeoTrading PRO WailEmad
7 months ago
I would wait until it possibly drops some more, to see if it holds above that green line.
+1 Reply
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