Comments on: Dollar falling again.

By: Japanese Yen at crossroads. | fxmadness.com

Japanese Yen at crossroads. | fxmadness.com — Tue, 04 Aug 2009 16:58:58 +0000

[...] is no secret that US dollar has been in a slump lately, something I commented on yesterday. What isn’t widely publicized [...]

By: admin

admin — Tue, 04 Aug 2009 15:30:34 +0000

BJ, it is important junction. I have some thoughts about it, but little conviction. See next post.

By: B.J

B.J — Tue, 04 Aug 2009 05:36:20 +0000

Hi Mike. beast made it almost to previous high of over 162. Do you think it will keep going, or should it stop there. I’m thinking about a longer term trade here.

By: Renata

Renata — Tue, 04 Aug 2009 05:32:30 +0000

This is very interesting development in gbpchf. Price stayed between your orders. Something is going to give soon.

By: admin

admin — Tue, 04 Aug 2009 03:29:34 +0000

I do plenty of waiting in my trading. All of GBP pairs have higher rate of false breakouts that EUR crosses, for example. But I guess bigger pay outs compensate for that.

By: hotspot shield

hotspot shield — Tue, 04 Aug 2009 00:48:22 +0000

Great article, lots of intersting things to digest. Very informative

By: rob

rob — Mon, 03 Aug 2009 17:26:30 +0000

Hi Mike
Don’t trade eur/gbp as too slow but it is important to look at as marker of gbp strength right now gbp/chf at important point it managed finally to break 1.78 and now testing 1.80 again, v important level for the pair with inverse h and s at 1.8019 neckline on H1, break of this on H4 chart sets up 1.82. I have found with this pair that trendline breaks can wick on H1 and the H4 break though you miss some of the move are better to wait for.