Day 251: The Dip

$0

Alright, for today there was good news and bad news. The good news was that jobs report came out stellar of 292k vs 203k exp. The bad news was that it had no beneficial effect on the dollar. It was a tough day to trade for me because I wanted to long the dollar off the great jobs report. Just felt so wrong shorting the dollar after a great employment number. I kept taking small losses until I stopped trading after lunch time.

Once the chaos subsided I wanted to see if it was make it or break it for the dollar. There’s a strong support above and it looks like people are afraid to long the currency here. If a phonemail jobs report can’t help to bring the dollar up, I figured it was time to trigger the short the dollar. I’m holding my long EUR/USD and giving another long GBP/USD a try.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s