Tuesday, December 29, 2009

Renewed US dollar bullishness

Today I rotated out of euros and gold and back into my Aussie dollar short. The euro bounce I was looking for played out and now I think its time to get back on the US dollar bandwagon. As mentioned in a previous post, I think that the recent decline in the US dollar which began in early 2009 is over. I am looking for a significant rally in the US dollar overt he next 6-12 months. I am still bullish on gold but its been weaker than I anticipated after bouncing off of key $105 support. So I took profits on GLD with the hope of getting back in lower sometime soon.
Disclosure: I am heavily short AUD/USD again.

10 comments:

Anonymous said...

With HOw much Capital do you trade?

pythagoruz said...

I'm a small cap. =)

chintan shah said...

Hey Hunter,
whats up?
I am planning to move to toronto once i complete my UG here.I have made some good black box strategies.Couple of firms of toronto are on my radar list who may show interest in my system.

Regards,
Chintan

pythagoruz said...

Hey Chintan, good to hear from you. I'm glad to hear you're having success with your ATS strategies and wish you luck in Toronto. I went to Toronto once and had a good time, nice city, cold, but nice. And Canadians are generally cool people, I know a few traders up there. I think the cold makes them a little bit nutty though. =) If you ever make it out to Chicago hit me up, you can reach me at pythagoruz@yahoo.com.
-py

chintan shah said...

Sure,We wiil meet one day!
I will give you updates of my activities regularly.

Regards,
Chintan

chintan shah said...

I have sent you an email.

tooquiet said...

LOL Pyth, yes we are all nutty like Bob & Doug eh?

Lemme know if you need any info on TO chintan, I live just outside of the big smoke.

chintan shah said...

tooquiet,

Thanks for your concern.
Whats your email id?

Regards,
chintan

tooquiet said...

Chintan, email me at drewrrr@hotmail.com .

chintan shah said...

tooquiet,
Yep I sent an email on above mentioned address.