Comments on: US Dollar Index Pulls Back to the Cradle http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-200709 Corey Rosenbloom Wed, 01 Apr 2009 17:48:33 +0000 http://blog.afraidtotrade.com/?p=3759#comment-200709 Serge, Good point! I just can't put my finger on a proper term but you might be precisely right with a wedge. It just 'feels' bearish to me. Serge,

Good point! I just can’t put my finger on a proper term but you might be precisely right with a wedge. It just ‘feels’ bearish to me.

]]> By: Serge http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-200052 Serge Tue, 31 Mar 2009 20:48:45 +0000 http://blog.afraidtotrade.com/?p=3759#comment-200052 Looks like it's forming a huge rising wedge... Looks like it’s forming a huge rising wedge…

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199565 Corey Rosenbloom Tue, 31 Mar 2009 04:45:36 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199565 20 EMA 50 EMA 200 SMA I'm just looking for low-risk inflection points to enter trades that have superior risk/reward. But for now, gold is at trendline and EMA support and the Dollar is at Cradle resistance. Until those levels are broken, I expect gold to rally and dollar to fall short term. The price is small (stop-loss) to find out if wrong. 20 EMA
50 EMA
200 SMA

I’m just looking for low-risk inflection points to enter trades that have superior risk/reward.

But for now, gold is at trendline and EMA support and the Dollar is at Cradle resistance. Until those levels are broken, I expect gold to rally and dollar to fall short term. The price is small (stop-loss) to find out if wrong.

]]> By: Charles http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199522 Charles Tue, 31 Mar 2009 03:47:46 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199522 @comment #5-- read Corey's post @comment #5– read Corey’s post

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199458 Corey Rosenbloom Tue, 31 Mar 2009 02:54:30 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199458 Anon, Perhaps, depending on your risk tolerance. A la Mark Douglas's "Trading in the Zone," it's often best to find key inflection points, maybe where you don't know exactly what's about to happen, but that it won't take much to know. Either way you chose, there will be a tight stop relative to the potential reward from the trade. Anon,

Perhaps, depending on your risk tolerance.

A la Mark Douglas’s “Trading in the Zone,” it’s often best to find key inflection points, maybe where you don’t know exactly what’s about to happen, but that it won’t take much to know. Either way you chose, there will be a tight stop relative to the potential reward from the trade.

]]> By: Anonymous http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199456 Anonymous Tue, 31 Mar 2009 02:53:14 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199456 do you normal use exponential moving average or simple moving average for cradle. and if your bearish on dollar then your bullish on gold and silver i assume correct? do you normal use exponential moving average or simple moving average for cradle. and if your bearish on dollar then your bullish on gold and silver i assume correct?

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199455 Corey Rosenbloom Tue, 31 Mar 2009 02:50:52 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199455 Dave, It does resemble that! The flag might give us a price projection point as well. Dave,

It does resemble that! The flag might give us a price projection point as well.

]]> By: Anonymous http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199428 Anonymous Tue, 31 Mar 2009 02:37:31 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199428 So, would you say that there are two potential trades here? First short with a tight stop above the confluence level and second to reverse if the stop get taken out and we get "remarkably bullish" So, would you say that there are two potential trades here? First short with a tight stop above the confluence level and second to reverse if the stop get taken out and we get “remarkably bullish”

]]> By: DaveB http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199423 DaveB Tue, 31 Mar 2009 02:12:09 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199423 Looks like a possible bear flag into confluence resistance... Looks like a possible bear flag into confluence resistance…

]]> By: Anonymous http://blog.afraidtotrade.com/us-dollar-index-pulls-back-to-the-cradle/comment-page-1/#comment-199417 Anonymous Tue, 31 Mar 2009 01:38:38 +0000 http://blog.afraidtotrade.com/?p=3759#comment-199417 Nice analysis Thanks ! Nice analysis

Thanks !

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