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Friday, December 18, 2009

USDX




The overlay on the price(line) is the RSI, if you look at the floor (RSI) on (H1) it looks solid. LRSI gamma (.7) has a clean signal. I'm staying away from the long side of the USDX in the FX, don't understand enough about how the EU works to feel comfortable. Instead I'll wait until after the holiday and see what the world looks like then. I did open a small position USDCHF(short) and will look to avg. into the short. If something major develops over the next few days I readjust.

In case this turns into something bigger I'm using options (UUP) to make catch the move and protect the USDCHF position.

the weight for the USDX are :
double weight[]={-0.576,0.136,-0.119,0.091,0.042,0.036};

EUR is the largest chunk, I'll put up a pie chart next post.

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