Hi Dave,
very clear!!!
So you do indeed use individual indexes for "direction guessing" (even if it is not exact science), and then use your composite index to dictate the aggression or not of the adding.
I understand that the adding is not "hedged", and so you need to be super careful with it, and balance it at least with your composite index, and how you feel the market for that period.
Clever, very clever!
The more I think about it from a "common sense" point of view, the more I feel that a plan well in place (and obviously that the trader can respect!) + small leverage and/or hedging strategy (which in my case would definitely help a lot to respect the plan!!! ), is one way to enhance the chances to make it within the market.
Yes so far, it does make sense to me at least :o)
This, really, feels so far away from the "is it going up, or is it going down" approach that I had in my mind when I discovered Forex.
Thanks a lot for your posts,
Cheers,
J-F
very clear!!!
So you do indeed use individual indexes for "direction guessing" (even if it is not exact science), and then use your composite index to dictate the aggression or not of the adding.
I understand that the adding is not "hedged", and so you need to be super careful with it, and balance it at least with your composite index, and how you feel the market for that period.
Clever, very clever!
The more I think about it from a "common sense" point of view, the more I feel that a plan well in place (and obviously that the trader can respect!) + small leverage and/or hedging strategy (which in my case would definitely help a lot to respect the plan!!! ), is one way to enhance the chances to make it within the market.
Yes so far, it does make sense to me at least :o)
This, really, feels so far away from the "is it going up, or is it going down" approach that I had in my mind when I discovered Forex.
Thanks a lot for your posts,
Cheers,
J-F