Using Rapidminer to model trends in the financial markets
29
Jan
2008
Well I’m back in the saddle again trading Forex and I’m short the USDCNY pair. This is a beautiful trending pair and I couldn’t resist establishing a small position in it. My plan is to establish this as a longer term position because I believe the USD will continue to weaken and the CNY will continue to strengthen. How can you not love that?
Also, I want to check out the Forex options available via ISE (hat tip Soren) as this will be the year for me to learn about trading options and their strategies.
2 Responses
jeff
February 5th, 2008 at 7:10 am
1Read the book “Options as a Strategic Investment.” It’s old, but is like the bible. I only use options to hedge winning positions.
Jeff
Tom
February 5th, 2008 at 8:52 am
2Jeff: Thanks, I will add that to my list of books to read and analyze. Right now I’m reading Haiku as a break from all the mathematical analysis.
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