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Thanks for the e mails and the interest in my blog this week.
The Dollar is weak that's why we are getting these moves. If you look at the
Dollar index you can see the swings. Day traders trade around the swings whilst
swing traders look to capture them.
This weakness in the Dollar is pushing up the general market so I'm swing trading
stocks that are benefiting from this rise. Then I'm day trading currencies around
the swings and trading the US market in the afternoon that is also moving in tandem
with what the Dollar is doing.
Everything is interlinked together. So if you understand the big picture you
can adapt it to trade other things as well as the currencies. I could swing trade
the currencies but I get better moves by trading momentum stocks that benefit
from the general markets movement.
I enjoy day trading the currencies in the morning because it gives me a feel
for the market that day.
Here's a chart of the Dollar index showing its swings at the moment. The next
big move will be finding that next swing.
Thank you once again for reading this blog.
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