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smash1820 replied Feb 23, 2017Longs look good from here. I tried some shorts in the 1.055x area, but the last one didn't work out so I went long instead @ 1.0553. Should hit 1.06 easy. There is nice volume coming into E/U now.
EURUSD
- smash1820 replied Feb 16, 2017
On the contrary, if you can determine momentum, why should one share it? Keep in mind, even if momentum is reversed, that will still be reflected in momentum.
EURUSD
- smash1820 replied Feb 16, 2017
Wise words pki. It looks as though it could make a second attempt at a push up. Regardless, however many pips it may go up from here, the fallout from this move is going to be nasty.
EURUSD
- smash1820 commented Feb 16, 2017
This is a great article. Who cares about Wall Street anymore ... except for Wall Street?
Trump's Dodd-Frank Order May Not Be a Win For Wall Street
- smash1820 replied Feb 16, 2017
I agree. I'm just waiting for momo to slow down before shorting. The bulls are still hanging in there. It looks like they're going to try for one last push up.
EURUSD
- smash1820 replied Feb 15, 2017
No, it's not. This is not a good spot to first be getting long. Tread carefully.
EURUSD
- smash1820 replied Feb 15, 2017
Looking to short around 1.06375, where I see the 38.2% of the 4H move. I think 0620 is going to break. Anywhere between there and 0640 is fair game.
EURUSD
- smash1820 commented Feb 15, 2017
keep it steady and all is good
Fed’s Dudley: Expects To Gradually Raise Rates 'A Little Further In The Months Ahead' If...
- smash1820 commented Feb 14, 2017
Excellent response, AnniLi. I'm no expert on the matter, but a few quick questions, if I may: 1) What purpose does the dual mandate of the Fed serve? Doesn't it act in their own self-interests? Surely, the Feds must know that they are limited in ...
Trump's vast power to reshape the Fed will be the next major source of uncertainty for markets
- smash1820 commented Feb 14, 2017
The only confusion should be why haven't the Feds yet reconsidered their dual mandate?
Confused by the Reflation Debate? You've Got Company at BlackRock
- smash1820 replied Feb 14, 2017
Perhaps you should do more research before deciding to insult people, particularly Mr. Hanover. He is not a commercial member. While I do not use a currency strength meter, if I chose to use one, it would without a doubt be the Recent Strength ...
Best Currency Strength Meter and why?
- smash1820 commented Feb 8, 2017
Sorry for that last post... I think I got caught up in the words (sorry, I've had a few!). Although I was not wrong, it seems it was a bit misleading. I meant to say that indeed, the Chinese Yuan is weak and you are correct in saying it is a waste ...
China's Currency Policy Approaches Breaking Point
- smash1820 commented Feb 8, 2017
I don't know what chart you are looking at... but CNH remains weak and has been so since the beginning of this week. With the first target being 6.900. I am not sure what you are talking about? (note I do not live in China)
China's Currency Policy Approaches Breaking Point
- smash1820 commented Feb 8, 2017
Trading is the name of the game, and the game for China is weak exports. You must consider the larger trend. That does not change. China will remain a net exporter and their currency will remain weak ... at least until Trump does something about it!
China's Currency Policy Approaches Breaking Point
- smash1820 commented Feb 8, 2017
Keep in mind a lot of forex trading is just games.
China's Currency Policy Approaches Breaking Point