Michael. I never question someone’s trading, especially yours given how far ahead yiu were calling for a buy bias in EURUSD.
But if you don’t mind a discussion of trading, I focus on what side to trade and where there are stops to go after. In this regard, if you know the bottom and not the top, then in this case it is the upside that is at risk and I don’t look for a top until the Amazing Trader gives me a sign to do so.
Just passing on the way I look at trading.
for a while longer
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“The biggest uncertainty in my mind is how much downward pressure is monetary policy putting on the economy,” “That’s an unknown — we don’t know for sure. And that tells me we probably need to sit here for a while longer until we figure out where underlying inflation is headed before we jump to any conclusions.” – kashkari
neel is a not a voter. bowman is.
Covered calls in Dow are in the middle of their 3 month range, the market could go anywhere from here. Of note is the volume ratios have not been vibrant and actually somewhat subdued so one of many indications of subtle hesitancy to simply run uphill without trepidation. Regardless, risk on for now on dips in Euro until the market is satisfied.
This is a really good tip to keep in mind, such as the correction off the US data USD lows that OCCURRED EARLY IN THE US SESSION… Look at it now (e.g. EURUSD retracement low 1.0831 => last trade 1.0859)
Actionable Forex Trading Strategy When to Fade a Correction
thks Jay
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players are being playful w jerome:
“Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.”
the FED will be needing pronto to correct players’ audacity (or misunderstanding)
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