Replace US$ GTC protective stop on short contracts to 8070



Close out long BP contracts on open; enter short 10 BP contracts @ 203.08/201.00 OCO



Short 10 C$ contracts @ 9520/9502 OCO



Short 10 SF contracts @ 8399/8307 OCO Good trading....MDW

9/7: Replace US$ GTC protective stop @ 8050

Short BP contracts @ 203.10; protective GTC stop @ 204.10

Short C$ contracts @ 9520; protective GTC stop @ 9586

Short SF contracts @ 8400; protective GTC stop @ 8475 Good trading...MDW

9/11 PM: Stopped out of C$ contracts @ 9585-6

Revising GTC protective stops: BP contracts to 203.90; SF contracts to 8470; US$ to 7990/7910 OCO

Entering order to short 10 SF contracts @ 8435/8510 OCO Good trading...MDW

9/12 PM: Additional SF contracts executed @ 8543; placing same GTC protective stop of 8470 Good trading MDW

9/14: Revising GTC protective stops as follows:

US$ to 7965/7930 OCO

BP to 20120

SF to 8450 Good trading...MDW

9/18 PM: Stopped out US$ @7930; stopped out SF @8489

Replacing GTC protective stop on BP to 20100....Good trading MDW

9/21 PM: Stopped out of BP @ 20101



Pretty clear that very few have any interest in currency trading so this will be my last post on this subject. Good trading MDW

hi mike,

I don't forex trade, but I am always interested in positioning accounts into certain currencies. I have to admit to getting it quite wrong this year on the $CDN this year and should be a lot longer than we are. I don't intend to anything about this right now though.

What do you see as intermediate trends for the major currencies going forward? Thanks.

cheers,

john

I am also more interested in longer time frames. I do not day trade. Thanks

Longer term perspective is as follows: the low price to watch is 7819...this is the low achieved in the last six years and I'll come back to this later. My present cycle count indicates that the US$ has one more leg down. The key dates to be watching are: 9/25, 10/8 and 10/18. Currently, my working hypothesis is that it will near 7819 and there will be an upcycle thrust to approach 8004 area [for what Elliott wavers would probably call an A wave; those on the board know I am not a 'waver']. If 7819 doesn't hold, then we are on the way down to the 62 level....[I am including a qutoe I made in some correspondence earlier this year: "I expect the USD to fall in the future, possibly as much as 25% more in this trend cycle. The [deleted] problem is that the other G7 currencies, e.g. Euro, Japanese Yen, British Pound etc. will not be all that strong either Good trading MDW