Dislikedadd:i have a long position in e/u since yesterday night and its in 115 pips in green and for me its a scalping trade and i am still very bearish on e/u and probably i will start to build my short position from 1.2550 and i will accumalate my position upto 1.2750 and my leverage may go upto 1:3 by the time i finish the accumalation and then let the position run until 1.1700.ok let wait for jackson hole meeting and benny finish with his speech.if everything goes as planned then the next phase from 1.1700 will be really interesting from the view point...Ignored
I am also worrying about the "holiday" effect. Typically when the Europeans return from a major holiday, the EU will trend for several weeks. My guess is that this is because during the holiday they think through their investment strategy for the next 6 months and start to implement it upon their return.
Trends are scary. You can make a lot, but you can also lose a lot if you call them wrong.