The U.S. Dollar Index outlook which was formed June 6, 2011 called for 4.44% appreciation within the following 2 months. As you recall, the Gann prices in focus called for the DXY to reack 77.29 by august 5th. With prices currently hovering in the high 73's, this trade met acceptable risk/reward parameters. One month earlier than expected the DXY rallied 4.25% up to 77.15.
This was an excellent trade because the p/l was positive from day of entry. Success in this instance came as a direct result from timing date of entry.
For previous DXY post click on http://1618analytics.blogspot.com/2011/06/us-dollar-index-daily.html
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