About The Author

Frank Petricca

Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.

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Petricca’s Pick 11/20/2023

By On November 20, 2023 - 8:30 AM · In Market Commentaries, Petricca’s Pick

U.S. DOLLAR UPDATE

 

The U.S. Dollar index dropped to a two month low this morning, extending last week’s technical breakout to the downside.

Short Term Traders continue to bail out of ill-advised long positions as the Fed signals that U.S. interest rates have peaked and could begin to cut rates.

 

My November 8th letter was specific recommending SHORT positions for U.S. Dollar Index futures.

 

Those of you that called to initiate these positions in the UPPER 25% of the Long-Term trading range should continue to hold positions.

Again, new positions are NOT recommended as this market is trading below my UPPER 25 parameter.

 

 

Those of you that would like me t resend my November 8th post should call me…312-690-7763.

 

My Objective is the lower 25% of the range which would be $99.00/$110.00 level.

 

If you find that you are not capturing these exciting commodity developments a Longer-Term investment approach might be in order for you.

 

Remember there are four important components regarding my strategies…

 

  1. Positions are established only in the upper or lower 25% of the Long-Term trading range.
  2. Positions are established only when my trend following methodology is up or down within that 25% parameter.
  3. Positions are held until positions reach the opposite extreme high or low. (The upper or lower 25% of the Long-Term trading range).
  4. Correct money management strategies must be implemented.

 

There is no question that more that 90% of commodity investors lose money…

 

And it’s true that my strategies also incur drawdowns…

 

But – What I offer is a way to be “in the market” when major commodity moves occur.

 

My strategies require one to maintain –

 

  • Patience
  • Commitment
  • Vision
  • Discipline

 

Those of you that have an interest in additional details should call me personally. 312-690-7763.

Would love to hear from you.

 

In the meantime,

 

Have a great year trading!

 

Best

Frank.

Questions? Ask Frank Petricca today at 312-690-7763.        
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