Relative Strength With Currencies

Lessons from the Pros

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The ?rubber band? we talked about on yesterday?s show, clearly snapped back to the upside today, reflecting optimism to the FED?s comments and short covering. Is it a sign of a market bottom, or a sympathy rally before the next drop. Chuck Fulkerson joins PTR to talk about how he uses currencies as a hedge in a slightly different manner. Instead of trading just equities in his Retirement accounts, Chuck uses currency ETF?s to offset the risk of just holding dollar based assets, as well as capitalizing on the strength of the powerful trends. By measuring the relative strength between the currencies, he can enter trades which offer a substantially better risk/reward ratio.

Click on the image below to download the mp3 file:

Source: http://www.fxstreet.com/education/trading-strategies/powertrading-radio-the-trading-startegies-podcasts/2011-08-10.html

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