Grabbing small short position here off CAM Day S3 backtest. DXYGLDGDX
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White trendline comes from here:
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Stop is yesterday's close.
Trade active
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Opened limit sell 1.1750.
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DXY
Trade closed: stop reached
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Stopped out, opened a sell stop at 1.1745 just in case. These are pre-FOMC games.
Trade active
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Re-entered short. Big shift after the fed, money into bonds and yen, out of stocks, EU, AU, GU.
Trade closed: target reached
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Lesson on this trade, sometimes you have to bend the rules a little. I was stopped out with a loss of 15 pips the first time, and doubled down on a second trade after the raw 15m and 1H price action showed fakeouts after the Fed.
The LARGE descending wedge for DXY shown above is broken hard today.