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,
Erick



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.

No comments:

Post a Comment

BlogCatalog

Investing Blogs - BlogCatalog Blog Directory

Followers

About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick