Recent content by "D"

I forgot about the German elections when the trade was placed, so was overly optimistic on my trade targets. The market tends not to move much before a major event or announcement. The trade was not likely to play out as hoped for. Forgetfulness. Don’t place trades when you are tired. 1st...

I got in in Friday, short, for a couple of reasons. Fundamentally; The dollar is much stronger than the EUR. Upside for the EUR should be limited from a fundamental perspective, but sentiment can continue to drive the EUR higher. We will see. The EUR strengthened based on sentiment not...

Nice initial move down on the CPI release. See where we are at in about an hour or so when the market settles a little. Then Powell speaks later today which can move the markets more depending on his statements. I don't expect any surprises from Powell concerning interest rates, but you never...

Nothing to worry about. Tariffs create volatility. Volatility moves the market. Volatility is required. No one would make money if the markets flatlined. If it doesn’t reach the level then it is most likely not a “key level” at this point in time. There will always be another level of...

If price pulls back that far we should expect a nice move down. If Trump starts talking tough about Tariffs again, the Euro will likely see a nice drop without price ever getting up there. Tariffs are the overriding narrative in the markets right now. You can forget fundamentals and technicals...

Trading Economics https://tradingeconomics.com/calendar

I look at it fundamentally. The fundamentals have to be in place. Only after the fundamentals do I look at technicals.

You are looking at the USD in a healthy uptrend. It pulls back very nicely, but is still considered overvalued. A beautiful buy setup occurs on the pullback. Do you take the trade? You can. Many will. I wouldn’t. The USD is still overvalued which means it is considered expensive. Harder to buy...

Yes of course. My post was geared toward the basic concept with his methodology very workable and sound when properly applied. I did not do a good job of it with my post, but I wanted to emphasize the location on the chart where you buy and sell is every bit as important, often more important...

Hi Brettb, One part of your method I would like to highlight for others is the importance of knowing where you are on a chart before you take a trade. Buying 52 week lows or 50 day lows potentially has some very nice advantages. The first is you are buying at bargain basement prices. Very...

My thoughts are completely and utterly irrelevant. It is all about what the market thinks. Not what I think. I suggest a subscription to Bloomberg and a paid subscription from a major bank that analyzes/forecasts the markets.

There are no overlooked fundamentals. If it is pertinent to a market there is going to be a lot of attention on it from across the globe.

I look for setups on the daily. Only trade G8 currencies. I am a swing trader that uses fundamentals to determine the strength or weakness of a currency. Then I trade the strongest currencies against the weakest currencies.