Wednesday, March 21, 2012

FXP Trade Management

For those trading FXP rather then taking a longer term approach, I think it's time to take profits, this was a good run, but the downside risks for me are enough to take the profits and reposition.

 If FXP moves higher, there will still be plenty more opportunities. For now, I'd like to reposition around the yellow 10-day ma


 The 60 min trend channel is nearly broken on the downside, it's close, you may want to watch that level around $25 on a closing basis.

This is what I mean when I say there will be plenty of opportunities in FXP. 60 min

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