This market driving me nuts

Aug 06, 2009 at 12:41
1,680 Angesehen
15 Replies
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 12:41
Can't get anywhere with this lot. I thought we're out of the range when USD index broke through 78, yet here we sit.....
Mitglied seit Aug 06, 2009   397 Posts
Aug 06, 2009 at 13:20
Yeah I really hate when the market halts like this.

Probably it's waiting for the payrolls in friday - this sure will get the usd out of it's range, hope though it will send it straight down <img src='' alt='😁'/>.
Sleep is for the weak.
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 13:42
Last 10 or so hasn't been worth much. They kind of flap around like a dead fish and that's that. I was looking for some stats the other day to see how much it changed, but sadly that kind of info is hard to come buy. i saw it once and haven't been able to find it again. One of the brokers publish it. No idea which one.

I'm still looking for a table that can give me USD index changes for the last 2 years, month on month, can't find it.

As far as I can tell the average monthly change in USD index was about 4 points for the last 2 years. In June / July it was 1 point. We're having in effect 25% of the normal range...

No wonder my portfolio looks like $%@#$%.....
Mitglied seit Aug 06, 2009   397 Posts
Aug 06, 2009 at 13:48
<img src='' alt='😀'/>

Looks like you're more fundamental than me.. I don't really care about the news, but more on the their effect on the markets - the more it shakes it, the better.

I think I've seen somewhere the info you're looking for, need to search it up though. I'll try to find it later, when I'll have some spare time.

So how does exactly your portfolio looks like? Would love to take a look.
Sleep is for the weak.
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 14:04
That be like seeing a fat man naked. You don't want to go there right now....

I don't really do fundamentals, but when my portfolio looks this crap I need to know why.
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 14:07
You're welcome to have a look at my blog.

https://www.houseofforex.com/

But it's just to gruesome for words.
Mitglied seit Aug 06, 2009   397 Posts
Aug 06, 2009 at 14:07
<img src='' alt='😁'/><img src='' alt='😁'/><img src='' alt='😁'/>

That's a good point.

I just can't see myself doing technical analysis and fundamental together, it's just too much time consuming.
Sleep is for the weak.
Mitglied seit Aug 06, 2009   397 Posts
Aug 06, 2009 at 14:08
Thanks, will read your blog later, looks interesting.
Sleep is for the weak.
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 14:10
Unless the dollar gets going I'll spend the rest of August just trying to get back in the green.
Elkart
forex_trader_7
Mitglied seit Aug 01, 2009   941 Posts
Aug 06, 2009 at 14:44
The common wisdom is you're supposed to do the fundamentals and then use techs to get entry points in the direction of the trend fundamental trend.

Like when the financial crisis hit the dollar was supposed to see its arse. Yup, I agree with you. Who needs fundamentals....
Mitglied seit Aug 03, 2009   13 Posts
Aug 06, 2009 at 23:50
USD still in a downtrend on daily charts IMO. E/U ran up to Demark weekly hi ... collected lots of shorts. I think they will get squeezed tomorrow after NFP. I just bought some E/U long, tight stop ... will add big if close > 1.445 tomorrow! <img src='' alt='😇'/>

Anhänge:

"Semper Gumby" ... Always Flexible
Mitglied seit Aug 03, 2009   13 Posts
Aug 06, 2009 at 23:52
see attached ... E/U hit Demark day low, now heading up. MACD 1 hr turn up. low risk long.

Anhänge:

"Semper Gumby" ... Always Flexible
Mitglied seit Aug 06, 2009   397 Posts
Aug 07, 2009 at 15:18
were you stopped on that position?
Sleep is for the weak.
Mitglied seit Aug 03, 2009   13 Posts
Aug 07, 2009 at 15:31
yep, small loss (about 0.1% loss).
"Semper Gumby" ... Always Flexible
Mitglied seit Nov 03, 2015   9 Posts
Sep 29, 2017 at 09:31
The thing I struggle with is unexpected news. This NK stuff throws a wrench into my trading. I need to be disciplined and just close the trades as soon as the news comes out.😐
Short-term price movements are market inefficiencies - take advantage
Mitglied seit Dec 11, 2015   1487 Posts
Sep 29, 2017 at 14:25
northernlights92 posted:
The thing I struggle with is unexpected news. This NK stuff throws a wrench into my trading. I need to be disciplined and just close the trades as soon as the news comes out.😐

It's something all traders struggle with and there's little we can do to make it better, unfortunately. We just have to get used to it.
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