Dollar weakness, dollar weakness. That’s been the refrain of the markets and the press recently. Except it may not be true. Sure, it had a bad start to the New Year but recently it has been clawing back some of its losses. Our swing traders have had three entry points on SR trades (swarm reversal) and are now nicely ahead on all three positions (despite some hairy moments). For now, we are seeing the USD moving up towards 0.9550 against CHF and it is a similar position against a lot of other currencies. One thing to note though is that the swarms are starting to flatten out (which makes swing trading a lot easier).
When day trading, always watch the daily charts for direction and your daily impulse target numbers. They will give you great numbers to work off of and take you towards the $500/day target we set all Master Traders.