Results 1 to 8 of 8

Thread: The Dollar

  1. #1

    Join Date
    Dec 2007
    Posts
    906

    Default The Dollar

    Does the downtrend continue, or do we see a break?

    -- Tom | My Trades


  2.  
  3. #2

    Join Date
    Jan 2009
    Location
    Upstate NY
    Posts
    142

    Default Re: The Dollar

    I can see a temporary break of the downtrend to the upside depending on how the market reacts and follows thru to the ECB tomorrow. Otherwise, the trend remains down.

    I'm sure Frixx is doing his homework right now and tweaking his systems for it.

    http://www.dailyfx.com/story/trading...909057357.html
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

  4.  
  5. #3

    Join Date
    Jan 2009
    Location
    Upstate NY
    Posts
    142

    Default Re: The Dollar

    Maybe Frixx can shed some light here.

    When do we look to short FXE (EURO)? Is this breakout for real?
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

  6.  
  7. #4

    Join Date
    Jan 2009
    Location
    Upstate NY
    Posts
    142

    Default Re: The Dollar

    I've been waiting for a dollar rally for at least a month now, but those dollar bull ETF's and Currency ETF's aren't worth the taxes or risk/reward IMO. If I were to buy the UUP today, I'd have to do it with leverage to make it worth my effort and with only 15-20% max upside that I see.

    Hey anyone else see that volume spike this week in UUP?

    Jim Rogers is sounding like it may be time for him to dabble into those US Dollar bull funds or the March'10 DXY.

    “The dollar is overdue for a rally. Everybody in the world is pessimistic on it, including me,” Rogers told Bloomberg.
    http://moneynews.newsmax.com/streett...28/278477.html
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

  8.  
  9. #5
    alevin Guest
    AutoTracker

    Default Re: The Dollar

    Quote Originally Posted by Bullitt View Post
    I've been waiting for a dollar rally for at least a month now, but those dollar bull ETF's and Currency ETF's aren't worth the taxes or risk/reward IMO. If I were to buy the UUP today, I'd have to do it with leverage to make it worth my effort and with only 15-20% max upside that I see.
    Bullitt, I've been watching both UDN and UUP, but haven't dabbled. Could you explain the tax consequences with currency ETFs a little more? I started a new tax implications thread for commodity/PM ETFs this morning in the Trading section.
    Last edited by alevin; 11-19-2009 at 02:56 PM. Reason: typo

  10.  
  11. #6

    Join Date
    Jul 2009
    Posts
    12

    Default Re: The Dollar

    Haven't been allowed to discuss My moves, but $ staying weak.
    I did not go long on the Yen at 100, I fell asleep at the keyboard...yeah...thats the way it happened ~ Frixxxx, as another DEMO account got destroyed in 32.7 seconds

  12.  
  13. #7

    Join Date
    Dec 2007
    Posts
    906

    Default Re: The Dollar

    Not allowed?
    -- Tom | My Trades

  14.  
  15. #8

    Join Date
    Jan 2009
    Location
    Upstate NY
    Posts
    142

    Default Re: The Dollar

    One thing I don't like about UUP is the risk/reward. UUP could go up 7-10% if a short squeeze were to hit, and I figure that to be a max. That would also mean having to use leverage to make the trade worth it. Who besides the insiders and brokers really know the ins and outs of some of these nutty ETF's?

    For example, I've been hammered in UNG and had I known this contango thing would have made such a difference, I wouldn't have bothered with it.

    Anyways, I posted in the tax thread you started regarding currency ETF's. No LT Cap gains and ST gains get hit pretty hard.

    If anything, I'd invest in these kind of funds only in a Roth IRA. Hope this helps.
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

  16.  

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •