Day 549: Still holding


Still holding onto my long dollar positions over the weekend. I added some more EU short, UJ longs and UCAD longs. NY session wasn’t the best for the dollar bulls but it finally looks like it’s heading up during Asia.


Day 548: Dollar deep pullback


The NFP data showed that the U.S lost 33,000 jobs this month but many are speculating that it’s due to seasonal job changes along with the major hurricane interruptions. The dollar initially took this news well and even had a small jump off of it. Eventually when things settled out, the dollar spent the remaining of NY to pull back. This pull back is not only healthy but natural. The dollar has been rallying for weeks and it’s about time it took a pause. I had some early dollar long trades mid NY session which I will hold. I believe the dollar pullback will attract more buyers at better price and go for another leg up.

Day 547: Will the Hurricanes effect the NFP?

Profit: $8.10 Total: $331.66

It was another win today by the Dollar bulls. The rally is still alive even before the NFP. One topic of tomorrow’s number is that if the recent devastating hurricanes will have a major effect on the payroll data or not. There were multiple hurricanes in the end of September which created chaos within the labor market. It would be interesting to see how big of an impact the hurricanes had. I still think it looks bright for the dollar bulls as long as the NFP data comes out horrible.

Day 543: Mixed signals

Profit: $3.78 Total: $319.29

A lot of mixed messages within the dollar pairs today. It looked like the dollar was starting off strong at start ,then had a dip which eventually plateaued in the end. It’s pretty usual for Friday’s to be wonky, especially for the last trading day of the month. My usually strategy for days like these are to get my pips and run.

Day 542: Good things always come to an end

Profit: $0.71 Total: $315.51

Today was a boring day to trade in the Forex market because the dollar bull rally had a small halt. It was interesting because although the dollar bulls had a break to breathe, it seemed like the dollar “pullback” was very forced. The bulls were definitely stubborn to keep the dollar going but was just out of momentum. This still shows bullishness in the dollar but also showed that there aren’t a lot of dollar buying compared to the beginning of the week. Excited to see how the dollar will end tomorrow, hopefully it can make new highs.

Day 541: Long dollar

Profit: $7.55 Total: $314.80

Today was a funny day because the dollar started off really strong, and even had a rally after core durable goods orders came out as expected. I was able to long dollar against yen and the peso but had to take profits off quick because dollar pullback back and stagnated until late afternoon. I took some small scalps here and there but closed them out because market wasn’t moving much. I have a small USD/JPY and USD/MXN long that I’ll hold overnight because they still showed signs of bullishness post NY session. Dollar still looks very bull.

Day 540: Dollar whiplash

Profit: -$4.11 Total: $307.25

There was a whiplash action by the dollar after Yellen spoke about the U.S economy. She was worried about inflation, as usual, but also said the low inflation is only temporary. Yellen also reiterated about “gradual adjustments” but also said that the outlook looks uncertain. The dollar had a whiplash movement  but ultimately ended on a good note. Dollar bulls still looks pretty good from here.

Dollar 539: Dollar confusion

Total: $0

Things were interesting and confusing in the dollar because there wasn’t a sure winner against the bulls and the bears. The markets opened strong with a nice push by the dollar bulls but there wasn’t any momentum left for NY. Slow Mondays are not uncommon so it was hard to tell what direction the market was heading. Im holding onto a long USD/MXN due the pair breaking so many important resistances.

Day 532: First time trading USDMXN

Profit: -$3.46 Total: $299.47

The dollar had a monetary pause followed by a pullback from it’s massive rally that started this week. The CPI data came out higher than expected but it looks like the market wants to wait for the payroll data tomorrow before committing to dollar longs. Today price action just looks like a healthy pullback, dollar still looks long.

It was also my first time trading USDMXN. I never really traded the pair because of the high margin and funky pip count, but I’m glad I got exposed to it today. My outlook on any pair is that, a chart is a chart. Anything is tradeable the same way, regardless of the subject.