onemore Posted February 19, 2010 Report Share Posted February 19, 2010 that was a big bad mean move for the dollar last night, also big gains in the last 2 days right after it hit the -61.8 fib line in my chart. I'm hoping for a retracement or at least a move wthin tis channel its in right now, what do you guys think? edit: currently it sits tightly on the daily s1, won't break it lol. Hope it doesnt Quote Link to comment Share on other sites More sharing options...
4xmeter Posted February 19, 2010 Report Share Posted February 19, 2010 Re: the dollar last night The reason the dollar has been so strong lately is due to the Chinese selling their U.S treasury bonds left and right; with such action relinquishing the no.1 spot to Japan . So, the demands for dollars has increased to be able to pay them. However, that is a good info to know a why? but not fundamental in trading decisions. As a trader NEVER get involved emotionally, simply trade the entry and exit strategy of your system. Do not get involved emotionally in nothing else; if you do (hoping) it will destroy you. So, again my advice to you is do not get involved emotionally. Just Trade the System. A good system is one that force you to follow the trend if there is one and not the price. There lies the secret. I learned that after my account was wiped out. Quote Link to comment Share on other sites More sharing options...
cashinvestor Posted February 20, 2010 Report Share Posted February 20, 2010 Re: the dollar last night a good chart to watch is the ICE dollar index - symbol DX. As it goes, the Euro goes opposite. Quote Link to comment Share on other sites More sharing options...
stocktrader6080 Posted August 15, 2010 Report Share Posted August 15, 2010 Agreed. Never fall in love with a position. I set my targets and wait for the market to come to me. I won't even give in for a penny. Quote Link to comment Share on other sites More sharing options...
arnaudbzh Posted August 19, 2010 Report Share Posted August 19, 2010 http://www.zerohedge.com/article/one-european-bank-uses-fed-fx-swap-line-current-week Quote Link to comment Share on other sites More sharing options...
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