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Stay Lines

Posted 02-05-2010 at 02:05 PM by zdo

Line Changes:
Added green tentative extensions. If lines converge next week will switch to just the higher one only.
Added next tentative red line at lower price and lower angle.

Position Changes:
None

Order Changes:
Moved stoploss on 5% position down to 10515
Moved stoploss on 20% position down to 10390
to synch up with actual Stay Lines as mentioned a few days ago.


Comments:
Off topic - just...
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zdo
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Old

A Dollar Rally Based on Risk Trends Alone may not Last for Long

Posted 02-05-2010 at 10:38 AM by DailyFX

It is difficult to forecast where the markets will be in a month or three months when volatility is as high as it is today. However, when measuring the quality of a trend; it is imperative to gauge the fundamentals that will carry the US dollar that far out to better ascertain the stability and duration of the incredible rally that the benchmark currency has carved out since the second half of January.

...
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