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Where can i see where this move up or down (US Dollar Index) thats not on a chart im guessing? that means if that goes up the us jen and us chf will be bullish and gbpusd eurusd will go up????
Quote:
Originally Posted by nina
Hi!!!
ABOUT US Dollar Index:
It closed on Friday at 85,02
Pivot on Monday: 85,11.
It needs to break pivot and 85,31 - 85,40 in order to keep going up to 85,74 and 86,17. From there, next will be 87,30 - 88,22 and 88,70. It needs to hold above 85,31 to be in bullish gear.
Below 85,40 - 85,31, its way is to down town: 84,95; 84,40-30; 83,37; 83,15; 82,82; 82,24.
Where can i see where this move up or down (US Dollar Index) thats not on a chart im guessing? that means if that goes up the us jen and us chf will be bullish and gbpusd eurusd will go up????
Hi, Tryin2Learn!
If US Dollar Index goes up, you will see EURUSD and GBPUSD going down.
I do not trade it; I just like to look at it.
For instance; lets say now it can not break up and hold above 85,31. OK, all longs on EURUSD will be safer.
Another pair I look at is EURGBP. When I saw it breaking down its line in the sand at 0,6728-23 on Monday 08-01-07, I knew GBPUSD would go up as long as EURGBP holded below 0,6740.
You never know for sure anything in this business, therefore as many signals you have in your side, the better.
__________________ Nina
We must fight on the winning side, not on the side we may believe to be correct.
HOW MANY POINTS DO YOU AVERAGE A WEEK WITH THIS PAIR??GBP?JPY
Quote:
Originally Posted by nina
Hi!!!
What a shot, my friend. What a shot!!!
Today is Friday. GBPJPY has gone up this week: 762 pips.
It feels tired and we should let it rest. You know where it has its line in the sand. So, as long as it trades above, you'll see 237,10. Guaranteed. But not today, I think.
I must confess: this pair has given me more money this week than any other in all the years I''ve been trading FOREX.
My system is based on relationship between numbers in a given period of time. I add them a very few indicators to it and that's all.
I've learn that, when we are in a big, big trend, the retracements are very, very small.
"The Bank of Japan is set to raise interest rates, Japanese newspapers reported on their Web sites Saturday.
Major dailies Asahi Shimbun and Mainichi Shimbun, without quoting sources, said that a majority of the bank's nine policy board members are likely to vote for raising the policy rate to 0.5% from 0.25% during the meeting scheduled for Jan. 17-18.
In its previous meeting in December, the BOJ held off tightening policy because of concerns about domestic consumption and the U.S. Economy.
But because recent economic data have shown that consumption remains on a rising trend and the U.S. Economy is likely to achieve a soft landing, many board members are thinking that conditions for tightening have fallen into place, the dailies said.
The Asahi Shimbun said, however, the representatives of the Japanese government, which remains cautious about an early rate hike, might demand postponing a decision to raise rates.
The BOJ last raised interest rates in July 2006."
__________________ Nina
We must fight on the winning side, not on the side we may believe to be correct.
Where can i find the stats on this?US DOLLAR INDEX? to see what it is doing and be able to test trading on it?THANKS
Quote:
Originally Posted by nina
Hi, Tryin2Learn!
If US Dollar Index goes up, you will see EURUSD and GBPUSD going down.
I do not trade it; I just like to look at it.
For instance; lets say now it can not break up and hold above 85,31. OK, all longs on EURUSD will be safer.
Another pair I look at is EURGBP. When I saw it breaking down its line in the sand at 0,6728-23 on Monday 08-01-07, I knew GBPUSD would go up as long as EURGBP holded below 0,6740.
You never know for sure anything in this business, therefore as many signals you have in your side, the better.
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