About meScience, Trading and Demand/Supply: This is a personal blog where I may or may not log in all of my trades. Sometimes it is convenient to put them up here at TradingView, but sometimes I feel like writing my trades down into my trading log by hand.
Joined 2 years ago
The Fundamentals and Sentiment:
Bullish USD and bearish EUR.
We have technical set up to short the EURO at resistance. at this falling wedge. Of course, if I am stopped out, then I plan to get right back in later according to what I have written on the right chart.
Trailing Stop: 40 ...
As we wake up from the long vacation, after studying several banks, I have come to the conclusion that AUDUSD is a nice pair to trade in the short direction; the central bank and other fundamental factors gives me clear clues about what to do. So, now, I will wait for a good technical parameter ...
AUDJPY: Fundamental Short, Awaiting Technical Confirmation
After reading at the central bank of Australia's official press releases, their Minutes and Monetary Policies, I have come to the conclusion that Australia's central bank is dovish. At the same time, the Japanese central bank ...
Possible Short Setting up on GBPUSD
This is a technical trade. I don't plan to hold if I DO enter short.
I believe the sentiment of the UK is more neutral. With the US raising rates, this should be bullish for the dollar, but the sentiment is neutral at the moment.
TRUMP WINS Markets Crash, but US Dollar At Support:
The dollar stopped short of the "C" target due to Trump uncertainties as the new U.S. president.
My Plan: Watch the news in the coming month and take a break from trading. Enjoy the holidays. Read and learn other things.
These are levels where I am buying. I am also going to take a vacation. I know I said this before, but the markets keep bringing me back with new information. This time, I have smaller orders in...and closing shop for a month and/or will not be updating frequently.
I was thinking about the dollar and gold today after reading Making Sense of the Dollar by Marc Chandler (NYU professor and the former chief currency strategist for HSBC bank, now with BBH; and then, reflecting on Mike Malon's gold/silver videos, spewing with myths.
Today, I'll give my view of gold i the form of a ...
One last short for the road?
If the USD data today is surprisingly bullish, then maybe. gotta read carefully the lines in between. However, there are some problems.....volume looks good for the bulls at the moment.
The price bars are moving erratically with no bear in sight. There is two more hours until US ...
Taking the focus off of the monthly support and economic points to support the dollar, I turn to the weekly to measure the volume and its rate of change to find support for continuing to hold on to this quarterly position in USDJPY. Of course, I am in and out of smaller positions in the same direction as the ...
Well, well, well! Last week the data for the USD came out splendid in my favor. We even managed to stop out mean reversion techies, several banks and their clients and many other short players that focus purely on the tech side of analyzing the markets.
Lots of support here to go long SO FAR. I am watching ...
With the US being the only nation that as a promise for rate hikes, and as it comes near (possibly December 2016), prudent traders will begin to align themselves with the bigger forces out there.
Technically, the market has pull back to monthly support and bounced off of it, and it looks like wave 5 could be ...