Saturday, May 30, 2015

Comparative Analysis on Trade Signals

There were two (2) early and valid technical signals coming from the USD Index and the Candlestick chart patterns that led to this rally nearest to its initial objective @125.40/50 levels and supported by valid fundamental reports that have driven the US Dollar higher. It's not the trading platform that really counts, but the entire process of making a market call that matters and properly executing the trade at the best possible time..                  

The overlay chart where a correlation of the DXY with the UUP is established as the alternate choice to trade in lieu of the DX futures. Hedging the USD/Yen existing gain would be applied with the futures inverse price action whenever such turns may occur in the market. One of the best approach in protecting gains accumulated over a medium term period of an interim trend.



No comments:

Post a Comment