As I’m sure you’ve been following the “bold call” earlier this week..our dear friend U.S Dollar “has indeed reached the 96.00 level”, and as suggested – has clearly been rejected.
On has to appreciate not only the timing and levels, but the “patience required” in planning your trades, then executing properly.
This trade “short USD” was outlined back on Monday.
This is the key difference in “planning a trade” as opposed to waking up early one morning, and “impulsively taking a trade” cuz of something you’ve heard / seen on the T.V. This generally has you “chasing markets” and usually ends in a loss.
Broadstroke……this has USD headed lower as expected. and will also likely mark a “daily cycle low” for both Gold and Silver ( have you bought your few small mining companies yet? ) providing these with several days upside to follow.
Perhaps consider a shot at EXK and / or GPL for some silver plays ( fun ones…….very cheap ).
Have at it people. If this hasn’t put you in a decent spot to make a buck er two shit……..what else do you need?
why is usdjpy still rising?
Just wait for it..
i’m keen on learning more about cycle analysis in fx trading.
do you think you would be able to recommend some books/resources? i’ve also heard of walter bressert and was wondering if his material was a good place to start.
thanks in advance!
Hi Kong, very nice call on the USD do you think UJ will bounce before it head down? I was surprised that dollar still rallied after the NFP was dispointed. Thanks in advance
Keep adding to positions here this coming week.
As I said…this stuff moves a lot slower than most people think. Be patient, and plan those trades!
Thank you so much
does it mean most jpy crosses will head down together with uj?
when you say add , you mean add short or add long, Thank you again