DXY: Potentially a short here

Mar 5, 2017

You can try averaging into a short position during the next 3 days, risking 3 average ranges from the last closing price, or, risk taking a tighter stop trade, ideally above 101.75 (but you could start with a half position at market).

The dollar appears to be at a significant intermediate term top, but it could also remain sideways. It's worth a try in this particular juncture.
Long EEM, long Canadian dollar, Aussie, Pound, Euro, are probably good ideas. Short oil as a pair against CAD...quite a few proxies for this.
These trades serve as a nice hedge to long US equities exposure too, at the same time.

Good luck,

Ivan Labrie.

Mar 21, 2017

Note

Conservative stop held, acting well.

Mar 22, 2017

Note

You can hold it with a break even stop, taking partial profits is ok.