For a little while now, I have been setting up parallel accounts which are strictly "buy and hold" positions. These are in addition to my "trading accounts".
I had been waiting for a significant retracement before establishing the parallel accounts, and the May till mid June retracement was the one I had been looking for. This was a BIG punt that 1.3300 (approx) was going to be the bottom. I have been adding more positions, but at a reducing rate since mid-late June.
thanks for you insights, this is a little like watching/listening to Warern Buffett..
Can you talk about how you see yourself entering these parallel trades. You talked about adding to your position. Are you just going to stick with US/Euro. Are you only waiting for major retractments. How often per do you think you might initially enter a trade? How big of a SL are you using when you enter?
I will stop the questions for now, I could go on for ever!!!