I really appreciate your advice with everything. I wasn't sure what you meant by not "waiting to regain" and didn't want to close my position down the way it was. I got in rather late. Also, I have thought about doubling down, but I think you say to never do that. I was curious how that is any different from closing a position down and then opening another one right away, if that's what you were alluding to. I'm still down, but not overly concerned because of the recent bounce. How do you feel about adding to an open position in this case? That is, with expectations of hitting higher targets. Thanks for your patience and time on this site and personally.
Hey forextrader - I definitely noticed that - but also in other Yen pairs as well, part. EUR/JPY - Keeping my fingers crossed for your 1.18-1.19 target -
Seems this bill would most likely hurt (non-green) energy and oil companies, and the price of oil.
Therefore, CAD would probably suffer the most. My guess is that it will have little impact though. Seems like most news in the FX markets comes and goes in a day or two even if it even does have an impact.
Sorry if I missed it in other posts, I'm not sure if you mentioned it though.
What support level needs to be breached to cancel out the daily upward trend in USD/CAD? I know you mentioned 1.1510 as support - but I didn't think that was related to the upward channel. Thanks.
Am I the only who thinks that FX traders are much more bearish than equity traders today? With this rally in equities, I'd expect to see much more weakness in the Yen and Dollar.
Only "when others are fearful" right? No, I here you loud and clear, thanks for reinforcing the need to keep exiting and opening positions when targets are hit. My feeling is that the Fed will not announce purchases tomorrow and will simply talk about how rates aren't going to increase any time soon. Not sure the rest of the world (mainly China) wants to see the dollar get crushed in one fell swoop again - and I feel as if the US is realizing that, and therefore will be a bit more cautious moving forward. Though it may not be necessary at this time anyway. Do you feel the sentiment going around markets is whether or not purchases are announced, mainly? If they don't announce, I still feel the dollar could fall a bit, possibly on an equity rally as traders will appreciate that rates will remain low for a while. Perhaps a knee jerk reaction is in store, similar to after non-farm payrolls - but this time it would be the opposite direction. Thanks for you input and advice.
Do you have any data on what the Yen-crosses did right after the March FOMC meeting when the Fed first announced Q.E.? I'm still holding my CAD/JPY short (thanks), and was wondering if the Yen would track the dollar. Will it simply depend on what stocks do after the meeting? As opposed to the Dollar, which will be dependent on Fed policy? Also, targets for CAD/JPY would be appreciated. Thanks for your help.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
http://www.huffingtonpost.com/2009/06/26/michele-bachmanns-census_n_221427.html
(check out the vidoes)
I really appreciate your advice with everything. I wasn't sure what you meant by not "waiting to regain" and didn't want to close my position down the way it was. I got in rather late. Also, I have thought about doubling down, but I think you say to never do that. I was curious how that is any different from closing a position down and then opening another one right away, if that's what you were alluding to.
I'm still down, but not overly concerned because of the recent bounce. How do you feel about adding to an open position in this case? That is, with expectations of hitting higher targets. Thanks for your patience and time on this site and personally.
Seems this bill would most likely hurt (non-green) energy and oil companies, and the price of oil.
Therefore, CAD would probably suffer the most. My guess is that it will have little impact though. Seems like most news in the FX markets comes and goes in a day or two even if it even does have an impact.
Any other thoughts from anyone?
Sorry if I missed it in other posts, I'm not sure if you mentioned it though.
What support level needs to be breached to cancel out the daily upward trend in USD/CAD? I know you mentioned 1.1510 as support - but I didn't think that was related to the upward channel. Thanks.
Cheapest on Amazon and then you can give it rave reviews!
Only "when others are fearful" right? No, I here you loud and clear, thanks for reinforcing the need to keep exiting and opening positions when targets are hit.
My feeling is that the Fed will not announce purchases tomorrow and will simply talk about how rates aren't going to increase any time soon. Not sure the rest of the world (mainly China) wants to see the dollar get crushed in one fell swoop again - and I feel as if the US is realizing that, and therefore will be a bit more cautious moving forward. Though it may not be necessary at this time anyway.
Do you feel the sentiment going around markets is whether or not purchases are announced, mainly? If they don't announce, I still feel the dollar could fall a bit, possibly on an equity rally as traders will appreciate that rates will remain low for a while. Perhaps a knee jerk reaction is in store, similar to after non-farm payrolls - but this time it would be the opposite direction. Thanks for you input and advice.
Do you have any data on what the Yen-crosses did right after the March FOMC meeting when the Fed first announced Q.E.? I'm still holding my CAD/JPY short (thanks), and was wondering if the Yen would track the dollar. Will it simply depend on what stocks do after the meeting? As opposed to the Dollar, which will be dependent on Fed policy? Also, targets for CAD/JPY would be appreciated. Thanks for your help.