So it’s not only me that does that then!
Oh no, not at all! It has sort of become my signature move!
Very big push down in us bond prices - probably the positive chicago pmi - somebody please tell the fx market!
We all do this. Experience will help that end of the trades. Trade management is a big skill, to the point that it makes the skill of entry seem basic at times
I’ve decided that is not the case and it is a direct conspiracy against me as a trader!! :59:
How do you interpret that all Bond prices are down. Follows H1. Is that positive or negative for the USD
edit: bond prices clockwise from upper left
UK10Y
US10Y
GER10Y
US30Y
Bond prices down = increased yields
Increased yields = risk off = higher foreign currencies
Sorry, but isn’t increase in yields equal increase interest rate equal risk on?
Thanks, although I believe that “risk off” results in flight to USD.
hmmm, now you have me questioning myself haha
Yep you are right.
If people are scared they pile in to bonds which increase the price of them. if the prices goes up, the yield reduces. This is a risk off situation.
US News - US bonds reacted - USDX Supposed to follow Bond price - the theory:-
Good US econ news = risk on (all is well in the world economy), bond prices drop, bond yields rise, foreign curr rise, USD falls, everything perfect - thats the theory
See the German followed, having said that they were all at short term resistance so was no big surprise - still it’s interesting that the euro did not react.
Intraday resistance:-
German Bund 142.20
US 5 yr 123.85
US 10 yr 131.50
US t Bond 143.70
All above fell from resistance 13.30 gmt
very muted reaction 13.45 usdx
For those of you who held on, congrats!
you are welcome!
Yay, the bus driver finally crashed true the wall!!
My TP is at 3595 mark, so lets se how far he comes
TopFroxx, tried to like your post, but it seems I can only like the other posts! weird, anyway, Thanks
There you go peter, as if by magic!
Did anyone hold on to their longs taken in LO? I closed mine at break even. Stupid. lol
That was close :59:
I did the same… Stupid!
Sounds like everyone did… lol Those b@st@rds really tricked us boys.Holding out for nyo for the meat of the move! How dare they! haha I am rooting for akea… I bet he held onto his long. Akeakamai no pressure. :54:
Not as close as 1.35954