US Dollar Index - DX

[CanOz]

Anyone feel like trading against the DX breakout?

Just get on with the trend will you!

Cheers,


CanOz

 

[CanOz]

Anyone get the feeling something big is about to happen with the markets? This coiling is getting itself into a real squeeze now!

Cheers,


CanOz

 

[>Apocalypto<]

so boys who is technically bearish on the USD???

 

[>Apocalypto<]

Hi CanOz,
Does MF Global have a DX contract to trade? Does anybody?

You trade futures over it UF. I know xpresstrade offered it. Can't remember if it was called dx though. I do know they offer the USD INDEX.

 

[CanOz]

so boys who is technically bearish on the USD???

I wish i could be bearish on it i really do, but the chart still says bullish....a real conflict at the moment.

Cheers,


COz

 

[CanOz]

Well this has certainly added to my bullishness on the USD. Check out the 30 min chart of the ES mini.....patterns everywhere, every pair, but what will happen...no doubt i'll be asleep

Cheers,

CanOz
I'll post this on the S&P thread as well but everthing is correlated to the equity markets now anyway.

 

[CanOz]

The DX has broken out of its triangle, and a move to the last high is immenent and a possible advance towards the measured move of 90.00. With this commodity prices will slide further, and the AUD pairs.

Could this be the last advance we see for the USD for a while? Lots of pundits calling for a rally in US Equities, and therfore an exit from Treasuries etc. Interesting to note as well that Treasuries didn't trade yesterday, but we still saw funds going into USD, not sure what that means

Cheers,

CanOz

 

[BentRod]

so boys who is technically bearish on the USD???

I'm the same as Cannie, can't see any reason to get bullish.

Personally I think USD is in a bullmarket and next stop is Parity with the Euro.

Might take a while but can't see why it won't get there within a couple of years.

PS...WB....where the hell have you been Joe????

 

[CanOz]

Double top on the DX. Looks like we could see an unwinding of USD postions now?

Hope so, theres plenty of pairs with bullish patterns now.

Cheers,


CanOz

 

[>Apocalypto<]

o man, thank god it's only demo cuz I have been smashed on now 4 attempts to short the usd!

So Can what do you think of the chart? (it's four hour)

1 do we have a double topping pattern that needs a lower high to signal a break of the trend line?

2 this will do a higher low to test and break resistance. it's in a very nice bullish cont pattern. Plus the golden rule of follow the trend!

It's a hard one as both arguments look good. this rally has written off bad data and rate cuts that shows how strong fear is!!!!! CASH is KING! viva T notes and bonds!

cheers

 

[CanOz]

What do you reckon mate, a sell the news gap up on the DX?

Sorry no time ot post the chart, try this link.http://futuresource.quote.com/charts/charts.jsp?s=DX%20Z8&o=&a=D&z=800x550&d=LOW&b=CANDLE&st=BOLL(20%2C2)%3BMA(4%2C9%2C18)%3BSTO(14%2C3)%3BVOI(1%2C1)%3B

Cheers,


CanOz

 

[sinner]

Check out the MACD on that baby...

From

http://www.gold-eagle.com/editorials_08/orlandini111608.html

I was gonna paste the goldbugs chart to go with it, but all you really have to do is imagine the exact inversion of the above

 

[CanOz]

You would think when she lets go its going to unwind like a twisted rubber band hey!

Still consolidating though.

Cheers,

CanOz

 

[sinner]

More rallying to come?

Between Mish's anti de-coupling stance and this guy reckoning further upward pressure due to ECB rate cuts...

http://www.kitco.com/ind/Radomski/nov172008.html

Worth a read



This is the housing debacle all over again. Everyone is going up and I'm sitting on the sidelines! So tempted to go out and put a few '000s into some USD.

 

[>Apocalypto<]

still sitting in it's pattern.

had a test to the low and to the high. a real stale mate right now with the underlying pattern being bullish.

watching with interest.

can I am more of a short to med term bear then a bull...........

 

[>Apocalypto<]

Can what you think a fourth fail at that resistance point is this it for the USD on the short term?

I am starting to think so. Need to see a break of the trend line come next week and I think it will start to move down.

Cheers......

 

[Whiskers]

You would think when she lets go its going to unwind like a twisted rubber band hey!

Still consolidating though.

Cheers,

CanOz

Yes... and next week could well tell.

If the weekly candle finishes below 86.425 (if my maths is correct)... an 'Evening Star'... it'll be curtains for quite a long time.

That is supported by a Morning Star on a number of currencies against the USD for a few weeks. But just when they started to take off they got surpressed... er, PPT'd, minipulated.

 

[>Apocalypto<]

Yes... and next week could well tell.

If the weekly candle finishes below 86.425 (if my maths is correct)... an 'Evening Star'... it'll be curtains for quite a long time.

That is supported by a Morning Star on a number of currencies against the USD for a few weeks. But just when they started to take off they got surpressed... er, PPT'd, minipulated.

i would not hold all your hopes on a morning start whiskers they fail as well mate.

 

[Whiskers]

i would not hold all your hopes on a morning start whiskers they fail as well mate.

No, I'm not the best off the mark in the morning either. Will often drop off for a cat nap at smoko if up too early

But, yes there's been a lot of Morning Stars lately, some of which have failed relatively quickly... but I've found Evening Stars to be more reliable.

 

[>Apocalypto<]

No, I'm not the best off the mark in the morning either. Will often drop off for a cat nap at smoko if up too early

But, yes there's been a lot of Morning Stars lately, some of which have failed relatively quickly... but I've found Evening Stars to be more reliable.

some great writing on my part!!! take no notice.

anyway seems both the pattern on the chart and candle reversals you saw have come good on the open gap.

so see how it holds on the open of the European markets.