"People who bought the yen on speculation of further strength in the yuan sold it back."
"News is expected to remain robust for the dollar."
The market is seemingly unpredictable for the past week. There are a lot of ongoing fundamental rather than technical moves in response to the recent Yuan revaluation. I am now slowly recover from the aftermath of holding short position on yen and by not adapting quickly enough for the possible trend reversal. A possible implication for the future is to stay away from the market as soon as abnormality has been identified.
I have to admit scalping in a shorter time frame (minutes) can yield better results than swing (days) during the time of uncertainty and fundamental adjustments.
"News is expected to remain robust for the dollar."
The market is seemingly unpredictable for the past week. There are a lot of ongoing fundamental rather than technical moves in response to the recent Yuan revaluation. I am now slowly recover from the aftermath of holding short position on yen and by not adapting quickly enough for the possible trend reversal. A possible implication for the future is to stay away from the market as soon as abnormality has been identified.
I have to admit scalping in a shorter time frame (minutes) can yield better results than swing (days) during the time of uncertainty and fundamental adjustments.
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