Trading
Whats cooking?
By SMART BETA  •  May 20, 2015
Apologies for not posting regularly, have been busy with several projects at the same time and also been trading the Euro move in recent weeks on the upside. FX I had mentioned sometime back about the highly extended situation that USD had gotten itself into and the sharp reversal that began, was a great contrarian opportunity. At current levels the retrenchment is mostly done and at this time I am not too sure of the direction and have already closed my Euro long trade last week. I don’t claim to have made the absolute top or bottom but I was able to catch about 70% of the reversal move. from about 1.08 to 1.135. The point is not to boast, but to again amplify the fact that it hardly ever pays to move with the crowd/consensus. Equities At this point, global markets seem to have recovered from the short and swift sell off and the ......
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By SMART BETA
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