DXY: price action at 94 similar to 2018
Hi Guys,
...the DXY during Trump's Presidency...
DXY dropped for the 1st 462 days of Trump's Presidency but it rallied during the rest of his term before dropping again following Pandemic (P) and FED (F) intervention.
The move inside the rectangle is analyzed in my previous post on the daily chart.
Interesting to note the price action in the circled area, when DXY crossed 94 (violet horizontal line) before dropping to B at the beginning of 2018. A similar price action may be happening if bear push the index below 5 (yellow).
Please share your views and comments below.
Thank you for your support and for sharing your ideas.
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
...the DXY during Trump's Presidency...
DXY dropped for the 1st 462 days of Trump's Presidency but it rallied during the rest of his term before dropping again following Pandemic (P) and FED (F) intervention.
The move inside the rectangle is analyzed in my previous post on the daily chart.
Interesting to note the price action in the circled area, when DXY crossed 94 (violet horizontal line) before dropping to B at the beginning of 2018. A similar price action may be happening if bear push the index below 5 (yellow).
Please share your views and comments below.
Thank you for your support and for sharing your ideas.
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
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