Tuesday, 7 August 2007
USD still falling
I just updated the statement on the live server, equity is at 65k now. The experiment with pulling in the USD pairs was not a good call, now the long term trend for USD is down. Easy to say with hindsight. It concerns me a little bit about multi-time frame visibility and i start to think about adding higher timeframe confirmations before gridding in. But would this help with drawdown? Im not sure, as at the start of this downtrend all the timeframes were pointing up, and the weekly timeframe is still up. This correction is linked to the DOW, and word is the DOW is still correcting, so it will be interesting to see what effect todays USD news is going to have.. in 45 minutes time.
Subscribe to Posts [Atom]
