Wednesday, July 18, 2007
The Dollar Makes new Multi year Lows
Today the U.S. dollar made new multi year lows as the greenback took out the low from 2004.
I exited the remainder of my long position in the British pound and I am still holding 50% of my long position in the Swiss and Euro. I'm going to raise my trailing stops to lock in profits just in case the dollar bounces here.
I'll post charts tomorrow of the Swiss and Euro showing where my trailing stops are placed.