I actually published this as a private message by accident: See here:
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This little boat is still chugging fundamentally; and hopefully, the economic trend will continue into the 4th quarter.
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UPDATE:
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Trade closed: target reached:
Target#1 hit:
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This bull isn't over yet.
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It went 2 pips away from parity: 1.0000
It is natural to understand that many would take profit there. I think retailers are going to try to short again to their demise.
It is natural to understand that many would take profit there. I think retailers are going to try to short again to their demise.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
As many of you know, I've been bullish the dollar for a while now in my writings. Well, here is what has been keeping me up at night and not taking advantage of this great opportunity.
It is late, and I am about to sleep, so I will be short.
Fundamentals:
Given the economic-fundamentally strong dollar in the long-term, and given the weak CHF in the long-term; I think Q4 would be a come back for the USD as the incoming data continues to support it, and the incoming data from the Swisss central bank continuing to resonate a bearish stance. The Swiss have adamantly stated that they will take action against the price of the CHF. They don't like it. We don't know when they will take action to push this baby up, but when they do, I'll be waiting in there to help them push USDCHF up.
Technicals:
For me, tecnical analysis is just 10% of my decision-making process. I like to look at charts, but I find pleasure knowing about the world and anticipating thing BEFORE they show up in chart break outs. I am anticipating that traders will buy USDCHF after it breakout and keep buying it up from me and for me.
Many traders will wait for the breakout because they don't have investor foresight. Fundamental traders have the upper hand because we look at charts too! We just wait and sit on our butts, get in early at times, and put ourselves in alignment with the economic-fundamental forces and powers. It is a pain, but when one works out, we are rewarded greatly.
I am no guru! In fact, I continue to educate myself about the auction markets and how they work. My mind is open an I am reading everything; reading a lot of university textbooks in finance and other trading classics, as well.
Good night!