#DXY - H1
waiting for the breakout to the downside.
stoploss red line and green line is the target.
the blue line is the best entry price imo.
waiting for the breakout to the downside.
stoploss red line and green line is the target.
the blue line is the best entry price imo.
#DXY - H4
this would have been a good trading opportunity to get a 1:3 position in, but unfortunately I saw it a bit late.. so I'm just gonna half my volume and enter it right now with the same sl tp
this would have been a good trading opportunity to get a 1:3 position in, but unfortunately I saw it a bit late.. so I'm just gonna half my volume and enter it right now with the same sl tp
Trading With Linorth
my view on DXY - it has formed a megaphone pattern and its seems to be building the fifth wave which is generally the strongest wave in a mehaphone.
Seems like the Trade War tentions are decreasing slowly and with US yield curve inverting already, I think we will definitely see the USD deprecating in value over the next eight weeks. I have posted an analysis of #DXY that is still valid and tradable if you want to take advantage of it.
Im also thinking about quitting Alpari for good. turns out its a shitty broker with slow trade execution and requotes and a lot of slippage on pending orders so in my eyes the trading conditions of their platform totally ruins all the potential benefits of having a PAMM with them. not to mention that they recently sent out an email telling costumers that the ownership is changing and that can never be good news for customers of a broker.
so I will be moving back to FxChoice again very soon.
Im also thinking about quitting Alpari for good. turns out its a shitty broker with slow trade execution and requotes and a lot of slippage on pending orders so in my eyes the trading conditions of their platform totally ruins all the potential benefits of having a PAMM with them. not to mention that they recently sent out an email telling costumers that the ownership is changing and that can never be good news for customers of a broker.
so I will be moving back to FxChoice again very soon.
wow this week really isnt my week.
the #USDNOK and #GBPUSD trades went fine, but the other two (#DXY and #USDCAD trades) failed.
I didnt expect the talks of tradewar deal to push the USD higher like this, I expected the DXY to fall with gold just like how they raised together during tradewar tensions.
the #USDNOK and #GBPUSD trades went fine, but the other two (#DXY and #USDCAD trades) failed.
I didnt expect the talks of tradewar deal to push the USD higher like this, I expected the DXY to fall with gold just like how they raised together during tradewar tensions.
The US Federal Reserve has begun buying US Treasury bonds since August to counter the potential downturn and trigger market momentum.
And to date, the volume of these purchases has increased repeatedly and is expected to increase significantly from the second season of the new year.
The Federal Reserve does not like to call this action QE (Quantitative easing), though its name does not matter.
But over time, as the volume of Federal Reserve purchases in the securities market increases, the dollar index (#DXY) has no way but to weaken!
Currently, the volume of Federal Reserve purchases has reached $ 400 billion outside the REPO market, and Trump is calling for a faster increase!
And to date, the volume of these purchases has increased repeatedly and is expected to increase significantly from the second season of the new year.
The Federal Reserve does not like to call this action QE (Quantitative easing), though its name does not matter.
But over time, as the volume of Federal Reserve purchases in the securities market increases, the dollar index (#DXY) has no way but to weaken!
Currently, the volume of Federal Reserve purchases has reached $ 400 billion outside the REPO market, and Trump is calling for a faster increase!