I been watching and waiting for some kind of top or an indicator to roll for me...not messin with EU/$ until it clears up a bit though the slow stochs have rolled over so maybe a drop...
Dont know why i didnt pull the trigger on $/Cad when it hit 1.0180s...i knew it would bounce from there..id be out already with good profit...think long think wrong
Reading other forums i see peeps wanting to short $/JPY,i just dont see it...but im not in it so let them have a drop ill be waiting for another buy at the bottom
I do like that Eu/Jpy for a sell though Wall
I dont have any positions at the moment..the daily on $/JPY looks like a drop may be in the card with RSI sitting on 75 and stochs crossing over in the low 90s...but we have NFPs this week...on a day when many baks will be closed and alot of investors on vacation with spring break
...i have thought for awhile now we"d see this pair move closer to 100 but its yet to come.
Theres no telling which way its gonna go...read around and you can find any opinion you like as far as the #s we will see for Fridays release...this just clouds the view that much more..so ill wait for a sign in the charts even if it doesnt lead to large gains should be some good scalps to be had this week
Im waiting for one of my crosses b4 i make my next move..although one tactic has been to sell any of the gains made in NY trading and has been working for many last few weeks..choose wisely
Not a pair i trade but it does look like a long position would be the way to go..the dollar index is trying to hold 81.5 area...looks like a cross of the DI is coming in the next few days@ stochs have crossed...maybe a weaker in the coming days...
I try to stick to trading mainly 5 pairs EU/$...$/JPY...LB/$...AU/$....EU/LB...i trade $/CAD and $/CHF but not very often these two have got me a few times and seem to know when im long/short and just run against me...
Thats not to say the other pairs are harder to trade just easier for me to try and "get to know" a lesser # of pairs...
Look at AU/JPY fight the 85 level now...maybe good for some scalps in this area as it try toss this level....
Thoughts here fellas?
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