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.
Tuesday, December 29, 2009
Renewed US dollar bullishness
Labels:
Australia,
Euro,
FXA,
FXE,
GLD,
Gold,
Head and Shoulders,
Symetric Triangle
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10 comments:
With HOw much Capital do you trade?
I'm a small cap. =)
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
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
Sure,We wiil meet one day!
I will give you updates of my activities regularly.
Regards,
Chintan
I have sent you an email.
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.
tooquiet,
Thanks for your concern.
Whats your email id?
Regards,
chintan
Chintan, email me at drewrrr@hotmail.com .
tooquiet,
Yep I sent an email on above mentioned address.
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