I have been too busy this week to watch the majors as closely as I'd like. I'm long the Oil ETF (USO), and that's doing what I want it to so far. One thing about the commodity ETFs (like GLD, SLV, USO) is that they lag the price of the actual commodity kind of badly. It's actually better to be short them than long, but I don't know of another way to profit directly from oil other than futures, and I don't trade futures. Do you think EUR/USD is building a base at 1.3420?
Daily EUR/USD trades
- Thread starter romik
- Start date
I have been too busy this week to watch the majors as closely as I'd like. I'm long the Oil ETF (USO), and that's doing what I want it to so far. One thing about the commodity ETFs (like GLD, SLV, USO) is that they lag the price of the actual commodity kind of badly. It's actually better to be short them than long, but I don't know of another way to profit directly from oil other than futures, and I don't trade futures. Do you think EUR/USD is building a base at 1.3420?
Latest news from Europe, constitution agreement reached = buy EUR
I have no idea how the FOMC report is going to turn out...but my gut is saying we are going south for a protracted run.
We are back at the tops of the last two Major tops on the monthly chart.
We are back at the tops of the last two Major tops on the monthly chart.
I entered just after the FOMC announcement. We will see what happens. Stop is below the low at X. Target 1 is 1.3450 and Target 2 is around 1.3490.
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1517726#post1517726
http://www.elitetrader.com/vb/showthread.php?s=&postid=1517726#post1517726
Any USD believers out there?
The United States of America is at the brink of total collapse. Once A great and powerful nation, the United States is now in a free fall to disaster from which she will never recover .A few more steps in its decline and it will be ruined. These are not easy words for a patriotic American to read, but nevertheless, they are absolutely true.
There are many traders that look at the COT and base on it, thy think about the USD recovery, but this is only the head fake ,cosign no more then three to fore hundred pips of the price correction.
Almost any think is safer then USD, this currency has one way to go: down.