My friend out in the west had brought this predication from an article. By then my short dollar trades: long EUR/USD, long AUD/USD, long NZD/USD, short USD/JPY and short USD/CHF are in pretty good profit. I entered them on Monday...about 4 days before this article was published. And when dollar index hit 76, I was ready to close them out.
By chance or as always, there were some articles published about the dollar is weak and will get weaker, and another article about a conspiracy of selling dollar. Nonetheless, it is time to get out.
The point is, news is always LATE. Larry Livingston, aka Jesse Livermore, stated that already. Don't worry about the news, price movement preceded the news. So be mindful when the news comes.
remember: Price Active discount everything. Everything is anything and everything.
Just trade the price, not the news.
I am still bullish for the equity, especially for commodities and energy related. But again, by the time you read this blog entry it is too late. If your thing the bull run is not over, you can get long, but if you think the bull run is over, you just need to plan for your next action instead of jumping in.
longs:
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