US Dollar – UUP
Courtesy of Allan
I continue to like the US Dollar trending models and in particular, the UUP Daily Trend Model:
UUP Daily Trend Model
I’m not going to even pretend to know what global financial currents affect currency trends, but I can recognize a well trending trading vehicle when I see it and this one speaks for itself. Looking at the recent historical performance of this trading model, it appears that about 2 out of 3 trend signals work for gains of between 5-10%, while the losers drop maybe 2% before getting stopped and reversed.
For what it is worth Robert Prechter [of Elliott Wave fame] is very bullish on the US Dollar, suggesting a surge higher in the coming months. The above trend model isn’t so prescient, suggesting only that the trend is up and that should be good enough for now.
It is.
Allan’s “Trend Following Trading Model” is based on his trend-following trading system for buying and selling stocks and ETFs. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For more details, read this introductory article.
