Where's all this Dollar weakness coming from GBP slammed up to 8960
At this point if u look at the daily there is not any sign at all of cable weakness we've got a really large bullish candle. . Selling into this is very hard and dangerous... picking tops is difficult when dollar fundamentals are so bearish...
Ghost im also short the pound now again at 9142 with a stop over the 9200 RN, also plogical resistance... AGAIN if this doesnt shift im dead meat... my stop will get removed. Im aware of this, but id rather fade the crowd and be wrong then follow the herd to the slaughter...
For the short term, the $ isn't going above the 1.2980 high. I'm selling EUR/USD.Originally Posted by ;
For the long run, I agree it will approach 1.3600.
It is best to stay. Holiday season and the market is thin. Year end and all that.
Well the market will take out 1.3 just to prove you wrong.Originally Posted by ;
Picc precisely this thing wil move higher I could sense it lol... the pound also... that the dollar is begging na feel the pain...
It always does!!!Originally Posted by ;
Question: If I'm long EUR/USD for a long-term trade, I lose out large because of the swap rates. How can you guys get around that?
Something traders on here must know I quote under:
Given that lots of lt;st1lace w/ st=ongt;lt;st1:country-region w/ st=ongt;USlt;/st1:country-regiongt;lt;/st1lacegt; and Japanese traders have left early for the holidays, that can be quite common now of year, the dearth of significant liquidity is certain to have played a major role in today's exaggerated price action.