In trading, you have to be defensive and aggressive at the same time
- #12,602
- Nov 3, 2017 5:57am Nov 3, 2017 5:57am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,604
- Nov 3, 2017 6:04am Nov 3, 2017 6:04am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,605
- Nov 3, 2017 6:06am Nov 3, 2017 6:06am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,608
- Nov 3, 2017 6:10am Nov 3, 2017 6:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,611
- Nov 3, 2017 6:24am Nov 3, 2017 6:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
{quote} In comparison to other majors it held up pretty well. Notice the blue line on NU which is NY open and Price still on it.How is this trade what you see.What I see is accumulations of longs Look at AU for example NY open for comparison or EU or GU. NZD in my view very strong and not even in my view but objectively strong by looking at other majors NY open.
I agree that N is stronger than A (so AN should fall), but relative to J I see N weaker.
Also, on currency strength indicators N is weaker than J.
Post scriptum - Wow! "arguing" with Davit is better than playing chess against a Grandmaster. You made my neurons sweat man!
And I have to manage my trades while I think about what is a good answer to your volley. 
{quote} In comparison to other majors it held up pretty well. Notice the blue line on NU which is NY open and Price still on it.How is this trade what you see.What I see is accumulations of longs Look at AU for example NY open for comparison or EU or GU. NZD in my view very strong and not even in my view but objectively strong by looking at other majors NY open. NJ going up.Don't sell it please just makes no sense selling it. As Mark Douglas says "anything can happen" including NJ going south but with everything factoring in I don't see a trade...
But yes, N is holding up relatively well when compared to E and A.
- #12,615
- Edited 6:53am Nov 3, 2017 6:40am | Edited 6:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} GU is actually higher than NY open.
My style of trading is this
A set up 1 pair (GU example)
A- set up 2nd pair
B set up 3rd pair
B- Set UP (NJ for example)
I add more positions on A set up and ignore lesser desired pairs so in essence instead of having 4-5 different pairs going I load up on few larger positions which is condensing my trades.So to me adding new positions to exiting A set up is equal to trading a different pair even better because you already seeing the results.
GU I have about 10 positions.I could of had 5 different pairs with 2 positions each but I dislike this way of trading.To me I prefer zeroing in for the kill not scattering myself all over the board.That's just me what works logically for me.
In trading, you have to be defensive and aggressive at the same time
