Mr. President. President Obama! I have to say after watching the inauguration of the 44th President of the United States Of America I have a sense of renewed optimism in this country. I believe the new administration will tackle the economic crisis with fervor, I believe the change in foreign policy will be of great benefit to this country. If we can get back to the core values that this country was founded on this country has a chance.
As for the forex market, who took a long dollar position due to the inauguration? We did. No grail trade but a little bet on the optimism that President Obama would bring to the markets. It paid off. We sold two lots EUR/USD @ 1.3300 and closed a bit ago @1.2936. Not a bad little profit.
Enjoy the optimism and happiness and get ready for some Grail trades. There are a few set-ups that are starting to look good.
Tuesday, January 20, 2009
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