Schools out for[ex] summer....June edition

cashed out both gbp longs earlier for 70 pips each about. thanks buck i was gonna put my limit on 136.10 area but figured you were right that it would be hard to climb over 136 and i last week i was always 10 pips away on my limits. hit them real close this morning 135.92 and i think 135.90 (60 pips and 70 pips) on 5 lots each 

Nevermind i jumped out just a min ago....they drove it down and caved and bailed out....wish id bought CHF too,i even talked about it and just let it go....its all good though

Got the 50 on my CD long, looking for 50 on the AU still.

Youll be out here soon it looks like Wall

 anything I should be shortin or buyin right now?

Today was quite interesting from a technical standpoint and I think we have to decide if the risk on keeps chugging or if we might be starting a reversal, and take positions accordingly.

I get the feeling we could keep trying to go higher on the markets and lower on the dollar..barring some event of course.

Before this drop the USM had pretty much moved over 700 pts with no breather, heavy and fast move on light volume. I think we will have the opportunity to ride it back down and profit from going contra risk..not sure if today is the day though.

Ok thanks for the advice

did the usm all of sudden come back to reality ?? missed a chance to buy smn back today $35 was where i wanted back in. 

round numbers got me again..

That Yuan fix rate really put the gas to the risk trades..

AU is one stubborn bastard today 

Lb/yen has support at 133.90/134 area, i want to get in for 50 pips or so. if it gets close im gonna jump in. loading up at these points can really make some nice money. 

long gbp/yen 134.33 

I maybe getting into a bad spot here. i got a feeling the london market is gonna fall back tonight but thats just my gut feeling. need some sleep be back @ 3ish 

I dunno..

The chart on these risk trades are starting to shape up nicely.

I dont think you get killed on that long barring some news event of course..

I dont like anything right now

I dont know if you can do both...ive never tried cause i dont use stops...contact live help and see if you can even do that on the platform

Not sure if I like anything right here, these markets keep popping light red, light green..no conviction either way, usually that means a higher move later.

I am flat all positions as the AU trade worked out earlier today.

100 pips on the week is a good start but I want more..

Yeah i have done anything this week...that EU trade was from last week and i shouldve left my 100 pip limit on it dipped all the way to 1.2250 i  shorted in the 1.2380s...missed CHF but wanted 1.0950-60s it only dipped into the 90s but its still been back to 1.1130s since so 100  woulda been easy...

Something will pop up for us Wall...

should be HAVENT...sorry

Price movement is odd today...EU still sinking and CHF hasnt gained at all...

It looks like AU wants to go to 87 flat,i think if NZD cant hold the .7040s it goes to .70..EU/LB coming close to a buy according to my charts might set a buy order 20-30 pips from here..

i just dont like any of these enough to put money on them but thats what i see chart wise..if the market turns late like they like to do i guess would these be longs though not shorts...it doesnt look good right now though and if she closes low i guess ill just be sayn should,coulda,woulda again..i wont be around in a few hrs wife has DMB ticket for tonight so ill be gone for 5-6 hrs later

 

Wall,

Theres really no clear sign here..if you pull longer charts it tested resis up around 90 failed to break it now reaching for support..pull a fib off a daily and weekly though,IF this was the top of the move up and you could make a case for a slow drop to low 80s depending on length of chart...maybe even upper 70s...but with the way things are it wouldnt be shocking to see more dollar strength if the rest of the world is falling apart as well..

The monthly chart on the dollar is nuts...Oct @ Nov of 2008 look just like this May @ Junes candles...Dec 08 candle went from 86 to 78...it then stalled for a few months in the 80s and went to a high of 89.71 March 09 and then took seven + months to fall 75 which is good support in Nov 09..its taken since then to get to where we are now and though we spiked we are still close to the close of last months candle...if the risk have a selloff here the last few weeks of this month and we close above the last months closing price id say we go higher...any thoughts on that fellas

May candle closing price 86.582....current price 86.4

 

I cannot trade the DXY off stochastics or RSI, it is merely a reflection of an inverse market move mostly.

Overlay the DXY with the SPX or INDU and you will see what I mean.

Until the FED raises rates, the dollar will trade against the market trend and counter other currency issues..so if the EU gets into a mess then the USD will go up..

Another potential mover is if we get into a debt mess or municipalities start going down etc..

Trading an index off technicals only is messy for sure..