Euro is at 1.2697
recommendation for 1.2630 says "Stop & Reverse Below"
can someone please explain what this recommendation means?
recommendation for 1.2630 says "Stop & Reverse Below"
can someone please explain what this recommendation means?
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Quoting ycompDislikedEuro is at 1.2697
recommendation for 1.2630 says "Stop & Reverse Below"
can someone please explain what this recommendation means?Ignored
Quoting TheRumpledOneDislikedI wouldn't trade EURUSD long, only short.
Instead, I would trade GBPUSD long and never short.
I will do this until "something" changes.
If you don't know what that "something" is... IGNORANCE could be costing you!Ignored
Quoting TheRumpledOneDislikedNO.
Not at all.
Not even close.
Are you joking?
Trading FOREX is serious business. You are trading in the world's biggest market trading against the world's best traders.Ignored
Quoting twinchellDislikedIf they're hedged, why worry about pips?Ignored
Quoting BemacDislikedSorry, I should have been more Specific. It's a Correlation Hedge.
Long GBPUSD ~ -3.3% Interest
Short EURUSD ~ 7.6% Interest
Net ~4.3% Interest / day
BUT
The presumption is that IF the EURUSD climbs 20 pips, The GBPUSD will also Climb 20 pips. not always the case.Ignored
Quoting philmcgrewDislikedIf you're long GBP, short EUR why not just go short the EURGBP? Since the GBPUSD currently moves 50 pips a day more than the EUR that's not a very impressive hedge.Ignored