Technical Analysis of Stock Trends

FXE. GLD. Broken rules, broken trades

Posted on Dec 04, 2009 by WHC Bassetti.

We are hedging our silver and gold trades with 2x ETFs, GLL (gold) and  ZSL (silver) and taking handsome profits in PGM, platinum.

Yesterday we broke a rule to exit the FXE short euro trade, not waiting for our stop to be hit.  Bad timing. Time to short the euro.

Oh well, no one is perfect, which was what we had begun to think of ourselves.

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FXE. Time to get off the short euro train.

Posted on Dec 03, 2009 by WHC Bassetti.

Never ones to beat a dead horse or kick a sleeping dog or throw stones at wasp nests (even in Boston) or store thrones in glass houses we’re ready to abandon the short euro trade.

When this market turns it will tear your head off.  But its time has not come yet.

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Short the Euro. Party’s over.

Posted on Nov 20, 2009 by WHC Bassetti.

We just said that to get you riled up.  But…  We think there is a low risk trade in shorting the euro.  The stop is just over the nearest high by 1% or so, or by watching the hourly bars for a breakout and power bars.  This is for aggressive traders only.

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