Monday, November 24, 2008

Discretionary Forex Trades Paying Off For Now

I set up a basket of swing forex trades since last Thursday when the Dow index was hovering near the 7500 - 7600 level. At present, my positions mainly consist of long carry trades and short US-dollar trades. I had discussed these trade ideas in my last posting and practically decided to call my own shots as my black-box mechanical systems were not able to cope with the recent extreme market conditions.

I was glad that I made such a move as I was still holding most of the positions at this point of writing. I want to see the US stock markets to take off further.

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