USDX Daily — Nice turnaround (again). Well done to all the shorters! USDX daily attached. The 79.50/60 area is really significant. See how many times it has bounced from that area. image

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Chinese Yuan — Hey Gator - here's a news story for ya: file

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If I was going to play with the SNB (and I am contemplating it), I'll only be looking to place a trade around the 1.5000/50 area (might place a few small trades scattered about there) but keeping in mind that they might be like the RBNZ and not help ...

EURUSD

It's not always guaranteed easy pips though. The RBNZ were intervening in 2008 so I thought, yeah, baby, I'll short that sucker and ride the RBNZ wave. Then they decided I wasn't worth helping out so it took me a month to get out of that trade and ...

EURUSD

USDX Daily — While we are on the subject of USDX, here are two daily charts - one candlestick and one line chart. Today's candle had exactly the same high as yesterday's candle. My line chart more clearly defines price action. It broke my ...

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Yep, I'm just looking at my 4 hour and daily and it looks to me like they've still got room to run but with all the fireworks tomorrow - anything is possible. The low for today was minutely lower than the low for yesterday. Could today's candle be ...

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Of course, shoot. You got it right yesterday. I saw your call about not going lower than 1.40 and 5th wave etc and even though I'm USD bearish, I thought I could get in lower at a better price. Shame on me.

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Cor, they have that much oil? India could sell out to the Chinese though - couldn't they - if the Chinese really wanted to get their hands on the oil? They say everyone/thing has their price. Right, I'm off to google ....

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Not something I've really looked at or considered but will have a squizz around the place. Off the top of your head, who has the most money though?

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Yep, but imagine if they bought up all the oil/oil companies etc. They seem to be buying everything they can get their hands on (especially commodities). Start learning Chinese Gator

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Yeah, but it's a scary thought. Guess I better send my daughter to Chinese language classes.

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Well it was a nice hit to my monthly 50% fib.

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I hear ya but it wouldn't be in my interests to hold trillions of dollars worth of useless paper. Why don't they just unpeg their currency to make the playing field more fair. As they are not a member of the G8, they apparently have no say in the ...

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Reuters sometimes like to retract their statements though. Haven't seen anything yet.

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Tell me about it. I just don't get it either. You would think they would do it quietly.

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Reuters reported that China has asked for G8 Italy summit to discuss new global reserve currency. Source: MNI Don't you guys have a news facility with your trading platform?

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Oh, too true ....

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I'm already short from a silly trade a couple of weeks ago. Good to have your confirmation. C'mon down to me baby.

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Dang! Those candles are as green as the grass in my garden. Are these retracements getting shallower or am I just imagining things? I should have just jumped in yesterday after the dump. Still in Summertime slop/chop range though.

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Good Evening Nice of you to pop in Are you cutting us loose already? No more little tips? Does that mean I will have to go back through all your previous posts to glean more? Hope not but c'est la vie I guess.

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