Tuesday, May 01, 2007

A random polling of Traders concludes.....

I just polled a few of my friends in the market and asked if they could have only one trade on....What would it be. The basic conclusion was long Dollars. Most liked being short NZD and AUD but being long dollars was stressed by all. One described Usd/Jpy as "looking like a champagne cork". Also a few HF's and Banks have come out today either exiting dollar shorts or suggesting dollar longs.

I have very little risk on so I have gone short some Euro/Usd (it meets my TRIAD criteria) for a short term play at 1.3610.

Good Luck and Good Forex Trading.



Blogger John Russell said...

I couldnt agree more about this position. It appears that someone very big is dumping Euros in a major way. At minimum, we are in for a medium retrace of all these USD losses.

8:56 PM  

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