Posted:
#26
Are you factoring in the swings in the market the last 5-6 months?
I wonder historically if the currency markets fly all over the place like this. The USD got chopped for nearly 8 years, straight down and now that it seems to have bottomed and is improving, that makes for seemingly EASY trades.
I said a few months ago, or less that if I were trading currency I would go long the USD vs the Euro/$$$ and YEN and allow for a wide swing and be willing to sit it out a while. I think our economic problems are on the bottom and will improve, I think the FED is slowing the print press and the other currencies/economies are open to weakness as they usually do, AFTER ours is done and we are seeing reversals.
I dont want to go back and find the post but I have to think there is a HUGE trade there long the USD over the next 2 years or so.
I wonder historically if the currency markets fly all over the place like this. The USD got chopped for nearly 8 years, straight down and now that it seems to have bottomed and is improving, that makes for seemingly EASY trades.
I said a few months ago, or less that if I were trading currency I would go long the USD vs the Euro/$$$ and YEN and allow for a wide swing and be willing to sit it out a while. I think our economic problems are on the bottom and will improve, I think the FED is slowing the print press and the other currencies/economies are open to weakness as they usually do, AFTER ours is done and we are seeing reversals.
I dont want to go back and find the post but I have to think there is a HUGE trade there long the USD over the next 2 years or so.
0
Hot Forum Topics
