Since beginning of the year I've been the permabear guy and I've sold almost every rally, but because I was too biased I just couldn't see the other side of the market. Now, don't get me wrong I've made some decent profits from this shorts but I was expecting for the runner and almost every trade I've made went in profit like 50-100-200 pips but didn't booked profits because I was expecting EUR/USD going much more lower. So, on each of this trade I ended up either at a small loss or at BE or with some small profits.

  •  Figure 1. EUR/USD Weekly Chart.
I've change my mind and turned from a bear to a bull after we've broke that major trend line that connects the highs from 2008 and 2011 which is a big bullish sign. Right now after I've seen USD resilience to get stronger after FED tapering which should have boosted the dollar, we' already had 2 rounds of $10B reduction in quantitative easing and the dollar couldn't get a bid. The reason for this is that we still have quite a big quantity of money pouring into the market at current peace of asset purchase of $65B, taking this in consideration I came to believe the dollar will get stronger only after QE is done for good.

Best Regards,
Daytrader21
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