Results 1 to 5 of 5
  1. #1
    Bronze Member Array
    Join Date
    Dec 2009
    Posts
    93
    Thanks
    8
    Thanked 0 Times in 0 Posts

    the dollar last night

    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

  2. #2
    Silver Member Array 4xmeter's Avatar
    Join Date
    Dec 2008
    Posts
    233
    Thanks
    28
    Thanked 201 Times in 51 Posts

    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.

  3. #3
    Standard Member Array
    Join Date
    Feb 2010
    Posts
    5
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: the dollar last night

    a good chart to watch is the ICE dollar index - symbol DX. As it goes, the Euro goes opposite.

  4. #4
    Standard Member Array
    Join Date
    Aug 2010
    Posts
    5
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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.

  5. #5
    Standard Member Array
    Join Date
    Aug 2010
    Posts
    15
    Thanks
    0
    Thanked 1 Time in 1 Post
    http://www.zerohedge.com/article/one-european-bank-uses-fed-fx-swap-line-current-week

Similar Threads

  1. UNBELIEVABLE statement 5000$ to 444.000$ one night
    By okan1919 in forum MetaTrader Expert Advisors Chat
    Replies: 37
    Last Post: 08-20-2010, 09:15 AM
  2. Night Fox EA
    By radicaltour in forum MetaTrader Expert Advisors
    Replies: 24
    Last Post: 06-18-2010, 02:20 AM
  3. Night Turbo EA
    By saragosa in forum MetaTrader Expert Advisors
    Replies: 12
    Last Post: 02-11-2010, 09:25 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •