cowpip

Very nicely done, torero! Nicely done indeed! I hope you were able to keep that long in play.

Hi torero! This may be a good time when an analysis of things beyond just the currency of choice may be beneficial. The large move up last Friday was primarily stop-loss / order momentum driven. There was no particular reason (nothing really noteworthy) for the drop in the dollar. In the last few weeks/months, Fed chatter has been more hawkish than dovish, despite the poor numbers that have been reported. Yield's have also not responded the same way as the currencies have, which leads one to speculate that this large move up may not have a whole lot of breath left specifically because the move itself wasn't driven by a fundamental trigger. Sure, it may be the start of an overall longer-term dollar decline, but I wouldn't personally discount the strength of the dollar yet. As Texxas stated, there's a lot of Fed chatter coming up this week, and with some level of discomfort probably being noticed by the Euro 'bosses' not wanting to see the Euro strengthen too fast, persisting low expectations for future rate rises in Japan, and continuing anticipated optimistic outlooks (and a cautionary stance regarding inflation) by the US Fed, there's plenty of impetus for the dollar to regain some control in the short-term. I'll continue to play what price action dictates, but I have learned it's always wise to keep one eye on the fundamental drivers as well. When they both align, the moves can be quite forceful and long-lasting.

LOL! We just had to follow the trail of Jimmy Choo's. LOL! Right on! I find it interesting to read what they have to say, but have learned the hard way that they know no more about what the market will do than the rest of us. I've observed that those who follow the herd through close price action observations will almost always be the most successful. Those who make wild speculations based on fundamentals alone will find the road rather bumpy. Thanks for your comments. I'll throw a load of Jimmy Choo's your way in return.

Good day, Texxas! (Yep, I am who you think I am.) Awesome trading! You continue to amaze me. And as always, your analyses (just like your brothers) are bang on! There is a bunch of whooplah spewing out of some of the analysts out there that cable may see another one of its seasonal bull runs during December. HSBC did a great research article a while back trying to figure out why cable sometimes runs during December. They cautioned that because the market is now aware of this behavior, the run may be subdued this (and subsequent) year(s), or may be observed during November or January instead. You've been in this game far longer than I have. Have you noticed this behavior? And if so, has it become less pronounced in recent years? Keep up the great work! - Cowpip