A quick rise in EURO is seen during European session close while GBP has done only firming up move - indicating the upward stop hunt in EURO/USD and EURO/GBP..US session is expected to show the slide and drop move.
what is your view on this: "...so now if stocks go up the usd goes down and if stocks go down the usd goes down too-its yields though..."
Is it all a matter of non-existing correlation?
coincidences are being considered as correlations.During trend reversal move when technicals give mixed signals then we may be forced to look for such correlations.
Now players are doing final trend reversal in EURO , USD/CHF and USD/YEN.final extended stop hunt in GBP may be seen tomorrow for the reverseal and trending to come in to force.
Are you surprised by YEN? It was subdued and now they are dropping. What do you think of this?
Are you surprised with USD/YEN dip?I am not surprised because I know it is trend reversal time and the players are known to make extreme moves to take reverse positions.So I buy now when they quickly drop and keep stop to limit the risk to 30 pips and once the position makes profit i keep stop at entry and and try to maximize the profit.Surprise will lead to only mental block and distress trades.it comes only when we are not objective traders anticipating the risk and reward of the market..
Yesterday and now today US session they stop hunted down in EU and now making similar moves to yesterday- I don't fear a rise- same as yesterday (but never look for a hatrick ;)
Also questions on CHF and YEN-- are large traders buying both as safe havens and players conceding the pressures?
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