a small retracement would be in place above 129.36, and it may go as high as 129.95.
Nihil Sine Deo.
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DislikedScrat, you see. I don't condemn the possibility that 135 or 137 is coming soon, but if they was like " the price is coming now, get ready everyone. Oh god you shorted?? I bless you, i hope you got your target but the price is going 135 now ." Its not respecting other trader as there is intraday trader, scalper at the forum. Also this is the point we argue over time and time. Some ppl jus trade differently and we need to respect that and keep in mind.. don't you think so?Ignored
DislikedOk, firstly I assume that you're evenly hedged so that your long position is equivalent to your short....Ignored
Disliked
When this "novel" is finished I will let you know the final result!!Ignored
DislikedScrat, you see. I don't condemn the possibility that 135 or 137 is coming soon, but if they was like " the price is coming now, get ready everyone. Oh god you shorted?? I bless you, i hope you got your target but the price is going 135 now ." Its not respecting other trader as there is intraday trader, scalper at the forum. Also this is the point we argue over time and time. Some ppl jus trade differently and we need to respect that and keep in mind.. don't you think so?Ignored
DislikedWell written and easily understood!
Thanks a lot for your help! I appreciate the time you took to write down this post!
When this "novel" is finished I will let you know the final result!!Ignored
DislikedYou can also keep your hedge, take profit on the short @ 127.7 and ride the long out till we're back in the low 140ties.
That way both trades end in profit.
That's how I would do it.Ignored
DislikedThat would be a nice scenario assuming that PA gets down to 127.70 AND reverses there. IMHO, the trick with handling the hedge is to time dropping one leg when there is a high probability that PA will continue in the direction of the other leg. Also, it may take some time for PA to get to 127.70 and back to 140ties.Ignored
DislikedYeah, you're so right - when it comes to hedges, a doc should prescribe double dose of patience pills...Ignored
DislikedThat's right, 127.70 is not sure, 140ties is. It only takes a good supply of patience pills.Ignored
DislikedWell written and easily understood!
Thanks a lot for your help! I appreciate the time you took to write down this post!
When this "novel" is finished I will let you know the final result!!Ignored