I know the USD currency is strong so will it weaken or is gold following the same path. Are the two related maybe.
I think to short now would be good strategic move over next month though trading against a trendline can always be dangerous even with stops
wavepicker
16th-November-2005, 11:33 PM
I know the USD currency is strong so will it weaken or is gold following the same path. Are the two related maybe.
I think to short now would be good strategic move over next month though trading against a trendline can always be dangerous even with stops
Intellimoney, I agree with you 100%. Shorting the US dollar is a great trade over the next 6-8weeks. After that correction is finished I think we will have a very strong rally in the US Dollar Index with a target of 100/102 by December next year
Good Luck
Kaizen
18th-November-2005, 08:59 PM
Still holding long. Been it it since 117.855. As it is interest + I am in no rush to et out of it.
There has been allot of news saying USD will weaken but still no sign of it.
wayneL
18th-November-2005, 10:07 PM
You could be right guys, COT data on Yen futures indicate a short.
(The futures chart is the inverse of the forex chart)
However there is not much in the chart to suggest a turn at this point.
RichKid
18th-November-2005, 11:19 PM
You could be right guys, COT data on Yen futures indicate a short.
(The futures chart is the inverse of the forex chart)
However there is not much in the chart to suggest a turn at this point.
Hey Wayne, where do you get those COT charts from? Is it a free source? Such clear COT trends, one line at the top and the other one at the opposite end, too easy!?
wayneL
19th-November-2005, 04:53 AM
Hey Wayne, where do you get those COT charts from? Is it a free source? Such clear COT trends, one line at the top and the other one at the opposite end, too easy!?
Rich
you can get them from www.cot-futures.com
You can get free charts but they can be a month out of date. The latest data available costs $4.95USD per month.
