You've neglected too much.
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snapshot


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

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