short USD, long EUR and CHF

[KS96]

...and hold until the end of the year.

current:
USD/CHF 1.2773
EUR/USD 1.2151

 

[Marketfox]

Can you elaborate on how you came to that conclusion?

 

[KS96]

Quote from Marketfox:

Can you elaborate on how you came to that conclusion?

Price action. Seems like the market is kicking out the
last weak USD shorts (and trapping new longs),
especially against EUR and CHF.

Also, Gold and Silver are leading.
Still going up strongly, usually before a USD decline.

I may be wrong of course, but this is my call for the week

 

[gkishot]

Quote from KS96:


I may be wrong of course, but this is my call for the week

Of course. First you said to hold til the end of the year. Now it is your call for the week.

 

[KS96]

Quote from gkishot:

Of course. First you said to hold til the end of the year. Now it is your call for the week.

Call for the week, and let's hope until the end of the year.
Let's take it day at a time...

 

[Marketfox]

I guess we'll have to wait and see. Thanks for the insight.

 

[KS96]

I have been building positions in EUR/USD and USD/CHF
in the last 16hours.
When I finish, I will let you know my average entry prices.

 

[Marketfox]

IS there any chance that the EUR will rise higher today?

 

[gkishot]

Quote from KS96:

I have been building positions in EUR/USD and USD/CHF
in the last 16hours.
When I finish, I will let you know my average entry prices.

KS96, do you keep your positions overnight?

 

[Lon Eagle]

I tend to only trade ona very short term bais so anything I say should be read with caution.

However between now and the end of the year billions of dollars have to be repratiated to the States by US firms, following the tax amnesty.

For the dollar to weaken against this back drop will be very difficuly.

2006 is a different story though.