DislikedThanks for your input Cloggie. Were the seeds of the oil and gold rally obvious enough to get you in at the start of this EU rally around LO? Or does trading correlation in this way restrict you to taking only the middle of the move? Just trying to figure things out....
CheersIgnored
I only trade fat parts of moves, I give up the first few pips of tops and bottoms because I don't want to be caught in a mess, doing that allows you to go in a lot heavier as your drawdown is minimal and you can keep your stops tight. That's why I am not shorting this right now even though commodities and equities topped out, there is no setup that is going to give me 50-100 pips right here.
The LO is my bread and butter for the day and generates 60-70% of my profits. I have posted plenty of times what the average day looks like for eurusd and what each sessions does.