Thank You all for the nice email msgs about correctly calling the end to the carry trade. I don't take full credit or think that I am some genius for figuring this out. It was a matter of time and their were many warning signs.
1. Regular folks talking about " What is a carry trade"
2. " If carry trade is wrong, I don't want to be right!"
3. " I can just hold for 2 yrs, I don't care if it goes down 1,000 pips"
Just a few clues...
EUR/JPY at 160 is a real issue for the EU...
Constant warnings that the carry trade will unwind very quickly.
This means get out now while your ahead...
COT reports.. everybody short Yen.
To me the warnings could not have been more clear. It's impossible to pick the top. But you could have sold into strength as recommended. Hope all came out well...
Ro
1. Regular folks talking about " What is a carry trade"
2. " If carry trade is wrong, I don't want to be right!"
3. " I can just hold for 2 yrs, I don't care if it goes down 1,000 pips"
Just a few clues...
EUR/JPY at 160 is a real issue for the EU...
Constant warnings that the carry trade will unwind very quickly.
This means get out now while your ahead...
COT reports.. everybody short Yen.
To me the warnings could not have been more clear. It's impossible to pick the top. But you could have sold into strength as recommended. Hope all came out well...
Ro