The U.S Dollar – Back On The Downside

Did you enjoy the tiny gains made “long USD” some days ago?

I didn’t think so.

I’m getting back on the “short train” with USD as the “6 day long suggestion” has obviously run it’s course.

This daily cycle looks to have rolled over as early as day “3” so once again we are looking at a left translated cycle – following the previous failed daily cycle so…….down we go.

It might be a touch late to jump into pairs such as GBP/USD or EUR/USD so I would suggest waiting for a small intra day pullback “or” placing limit buy orders “above” today’s action and waiting to get picked up on momentum.

Are you still hanging long? Why would you do that?

The next leg lower has lots of room to fall.

I like when things fall, as fear is far more motivating than greed. I’m here to trade, and that usually works out best when people start getting scared.

But you’re not worried about anything are you?



2 Responses

  1. mm April 20, 2016 / 8:42 am

    hi kong, so shorts like usdjpy, audjpy still works as per your previous post?

  2. Madness April 20, 2016 / 10:56 am

    Hi Kong,

    Risk markets are just looking way to strong.

    Been watching US indices all week and every single dip has being brought up aggressively. This isn’t retail buying, this is something else going on behind the scenes. Are CB’s about to announce something big hence insiders picking up everything they can buy?

    Impossible to tell but just look at at Vix which seems to be perpetually slammed down and once again. Once again today, despite the failure of the Doha talks, another spurious Oil rumor has driven the markets up when it was about to start falling.

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