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Market Movement

  • #1
  • First Post: Oct 18, 2006 6:23pm Oct 18, 2006 6:23pm
Greeting all,

My question is do you take opposite trades for the EUR/USD and GBP/USD. For example I am following a system (Sidus System) that bases entry on MA crosses, so if I have a signal to go short on GBP/USD and go long EUR/USD, is it possiable for these two pairs to move in opposite directions??
  • #2
  • Oct 18, 2006 6:40pm Oct 18, 2006 6:40pm
Yes it is possible, but not likely.
  • #3
  • Oct 18, 2006 6:49pm Oct 18, 2006 6:49pm
Why not just go long eurgpb instead of the two other trades?



Quoting Crestwind
Greeting all,

My question is do you take opposite trades for the EUR/USD and GBP/USD. For example I am following a system (Sidus System) that bases entry on MA crosses, so if I have a signal to go short on GBP/USD and go long EUR/USD, is it possiable for these two pairs to move in opposite directions??
  • #4
  • Oct 18, 2006 6:59pm Oct 18, 2006 6:59pm
Quoting Crestwind
short on GBP/USD and go long EUR/USD, is it possiable for these two pairs to move in opposite directions??
Absolutely it is BUT, I think that if the EA Programmer had enough time AND enough definative info.. This situation would post a notice to your screen that... "Consolidation May Rule The Day".
All my experience says Trade Neither. Wait {or make sure you have} 'for' a more directional clue.
  • #5
  • Last Post: Oct 18, 2006 7:51pm Oct 18, 2006 7:51pm
Thank you for all responses.
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