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.
Posts
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-gbp-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
4 comments:
Hi Kevin,
I really love your blog.
I am just moved to the fixed income and derivative hedging field. Could you tell me any good websites, blogs or books on this topic? Many thx!
I know plenty of good blogs but I don't know of any that focus on derivative hedging.
COT is strongly bullish on USD now. Does it influence your trading?
No...I'm not about to buy the dollar and I'm not shorting it either... I've been bearish all year and the dollar has sold off..I really don't see any new trades for the dollar right now.
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