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USDOLLAR trade ideas

Declining DollarFollowing Trump's inauguration last Friday the BEARISH tone to the USD looks certain to remain and we've been SHORT SPX500 from 2264 in the belief that this market is overbought and due a correction. With the USD declining and the Dollar Index heading south, we are expecting more dollar weakness which should boost all USD pairs although not at the same rate. With dovish noises from the RBNZD , the New Zealand Dollar may not advance as much as the GBP so each counties fundamentals need to be factored in. We are SHORT USDOLLAR Index looking for a move down to test support at 1231. Under that opens a move down to the 200 day SMA at 1210 area. The US market open will be particularly interesting today.
FX:USDOLLARShort
by theforexportal
Why do you trade? Trading Goals and motivations (trade plan)Why do you trade? Consider writing down your personal trading goals. The following are my personal Trading Goals & Motivations (taken from my trade plan). Goals - Consistency 1. Focus on the process and let the results happen 2. Think in probabilities and whether I followed my plan. (Not right or wrong) 3. Master the ability to sit on my hands 4. Demand constant improvement 5. Follow the rules of my trade plan, ALWAYS. 6. Master the mental game Goals - Financial 1. Fund and trade full account 2. Replicate my current income through trading (short term plan) 3. Once (1) is accomplished, maintain and build wealth (long term plan) 4. Have the freedom to quit my job if I so choose Motivations 1. BE SUCCESSFUL = Achieve repeatable, consistent trading, reach goals, 2. Live the life I want. Flexibility, lifestyle, comfort, schedule, travel 3. Enjoy the journey 4. Continue to learn and get education
FX:USDOLLAREducation
by brettschoenfelder