DislikedWhy I think the Dollar will continue to weaken in 2010:
Let's make some assumptions about the money flows for 2010 regarding the Dollar.
So we have on the Dollar demand side:
USD demand (which would support the Dollar) due to:
1) technical corrections within the primary down trend for the Dollar
2) interventions from central banks (more likely if the Euro reaches 1.55+ levels)
3) unwinding of carry trades
As I don't see any systemic risks like in 2008 I think that "safe haven" argument don't count as the Dollar can't be seen as...Ignored
Sustaining a more than 50% drawdown is not trading by any standard, it's just gambling imho.
Don't see how you can make money in the long term with this kind of discipline.
At least your thread will have a great educational value has to how and why traders have booms and busts.
Getting it right is NOT as important as not getting it wrong.