Wednesday, December 23, 2009

My bullish bets on the US$,HK$ & CNY are starting to pay off...



The circles indicate the times at which I decided the long the HK$, effectively betting that the Greenback would rise(since the former is pegged to the latter).

After the uptrend line of the S$ against the HK$ was broken in mid-December, the reversal of the uptrend of the S$ against the HK$ has been confirmed & I increased my positions two days ago.


I also increased my positions in the CNY, the Chinese renminbi,on the same day.

No comments: