Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Sunday, February 26, 2012

US Dollar at the close

Here is The USD via The PowerShares DB US Dollar Bullish Fund (Symbol: UUP).
UUP is based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index), The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of long USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

Short on a daily basis with the stop at 22.06 near the 50% retracement of the 22.30 – 21.79 move.

Short on a weekly basis with the stop up 3.4% of the close.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com