A blog about trading, finances, success and life itself
Long Term Strategy on how to trade the US Dollar (it’s too simple for words):
Click here to open the US Dollar chart to a larger view (with more detail) of how accurate the 10-week/ 30-week moving average crossover signal (up or down) has been this decade.
Below is a chart of crude oil (the 10-week/ 30-week moving average crossover works just as well here):
[...] I do that, but I think we’ve all fallen for it a time or 2. 3. ChrisPerruna shows how the US dollar and oil prices run hand in hand. It makes sense, I vote for alternative fuel! 4. Flexo is looking to push fluorescent [...]
[...] I do that, but I think we’ve all fallen for it a time or 2. 3. ChrisPerruna shows how the US dollar and oil prices run hand in hand. It makes sense, I vote for alternative fuel! 4. Flexo is looking to push fluorescent [...]
[...] 12/17/07: US Dollar Snapshot [...]
Born and raised in New York but now living in New Jersey with a beautiful & loving wife, fantastic son and great dog. This site is about the stock market, success and life … [Read More...]
Chris,
Your chart(s) on the dollar fascinate me. Since I don’t have much experience in futures contracts or even a futures account, would it be possible to match the performance through an ETF? What about buying UUP when the crossover occurs?
Thanks for sharing your always-very insightful posts. You should definitely get advertising for this blog, there is no reason you shouldn’t get paid for all your work!
Matt,
It would be close to match the performance of a currency ETF. Do you have a specific ETF that you are following? if so, let me know and I will take a look at the chart. I’ll check out UUP.
Yaser,
Thank you for the kind words. I do have a few ideas for advertising for the site (one that may be implemented starting in January or even by the end of the month). I don’t really do the blog for money so there is no rush, I do it because I enjoy writing about the market.
Chris,
The only ETF that I see that I believe tracks the USD is UUP. I’m just not sure if it follows it as closely as the futures market does.
Chris,
I posted a comment earlier and do not see it here…but if you look when Giselle asked to be paid in EUROs that the dollar bottomed around the same time. Jay-z was in a video flashing the EURO rather than dollar bills…
Its interesting to note how late ppl can arrive to a party…
Best,
MS
Market Spec,
That is so true! I remember us talking about this – human nature always repeats, it’s great. Some one was recently telling a story of how some “bums” in other countires won’t accept the US dollar – BULL SHIT is what I have to say. Start looking for pure buy signals when idiots start telling stories like this.