I love the greenback...2008

As the greenbacks slide continues I continue my buying campaign. Every .25 in the UUP. Got some more at 22.25..they didnt fill me at 22 the figure yet.

I am certain that the purposeful devaluation of the dollar(helped along with the current banking crisis) will lead to one major positive benefit. The return of manufactoring to the good ole US of A. And to be sure that is one of the main reasons the govt has let this occur.

I know am closer to right than wrong on this one.....because no one here will agree with me.
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End of week chart of the Greenbacks relative strength vs the world.

2s1r884.jpg
 
Quote from indahook:

As the greenbacks slide continues I continue my buying campaign. Every .25 in the UUP. Got some more at 22.25..they didnt fill me at 22 the figure yet.

I am certain that the purposeful devaluation of the dollar(helped along with the current banking crisis) will lead to one major positive benefit. The return of manufactoring to the good ole US of A. And to be sure that is one of the main reasons the govt has let this occur.

I know am closer to right than wrong on this one.....because no one here will agree with me.
-------------------------------------------------------------------------

End of week chart of the Greenbacks relative strength vs the world.

2s1r884.jpg
More...

Hey bud I heart the greenback too. Don't forget about your bro!

LOL

As much as I call The Fed stupid, they're really not...I just am not privy to what they're doing exactly, as none of us are. I am sure there is something positive around the corner. Not to sound ignorant or anything...but I am bullish on the USD.
 
Keep the faith Reaver,

The bottom may not be close, but one thing I know is that the Dollar short is getting really crowded. When the bottom comes its gonna be like a herd of elephants trying to get into an elevator.

But this aint no short term trade....I have no idea when we get done. But we are closer today than we were on Friday.
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3 trades today. $598.70 net...took it easy and waited for the clear setups...everyday should be this relaxing.
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rac0nr.jpg

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EDIT - note to self.....fed decision tomorrow...no trading prior to 14:30.
 
Quote from indahook:

Keep the faith Reaver,

The bottom may not be close, but one thing I know is that the Dollar short is getting really crowded. When the bottom comes its gonna be like a herd of elephants trying to get into an elevator.

But this aint no short term trade....I have no idea when we get done. But we are closer today than we were on Friday.
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3 trades today. $598.70 net...took it easy and waited for the clear setups...everyday should be this relaxing.
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More...


I agree, I have set up a sub account to devote to this one. I am in this one for the long term.

Good trades today BTW.
 
The greenback is green on a day that is should be getting murdered. Watch out for a little of the commodity froth to come off.

No ES trades today.

That is all...
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2behx3.jpg
 
Quote from indahook:

Watch out for a little of the commodity froth to come
More...

The commodity complex is getting whacked today. Just typical profit taking pullback in a multi year secular bull market, or the begining of the end? I believe we are closer to done than finished.

The below charts are the UUP vs gld,uso and dba. Top relative strength and bottom pure price ( end of week..and today)
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bi2i50.jpg
 
one ES trade..2 cars...+$815.80 net
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UUP relative strength vs GLD, USO and DBA up top.
Pure price below
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nmev69.jpg

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Good trading to you all and have a nice extended weekend!
 
548.7 net

Should have account funded in 2 weeks. Need to wait until all end of year finances and taxes are cleaned up before moving cash around. Looking forward to it!
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Gonne post some relative strength charts I use to gauge the health different sectors
 
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