{quote} It's called correlation. It is a style of trading, I use it for confirmation and market sentiment. Google and learn
Thanks man. will do
- #947,866
- Jan 6, 2015 2:57am Jan 6, 2015 2:57am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #947,867
- Jan 6, 2015 2:58am Jan 6, 2015 2:58am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
Where do we go from here? 2103 or 1597/98? {image}
. Looking for 2028 atm.(Happy new year!)
Fail better.
{quote} So why not open just 1 short position in EUR/USD?
You want to open a larger position in the direction you think its going to go and a smaller one in the direction you think it WONT go. That way if you are right you walk away with a full profit in one position and one to kill the loss of the hedge position.
EURUSD will go further down as it broke 1.20000 level
http://www.yellowfx.com/eurusd-forec...l-analysis.htm
http://www.yellowfx.com/eurusd-forec...l-analysis.htm
- #947,878
- Jan 6, 2015 3:24am Jan 6, 2015 3:24am
{quote} You want to open a larger position in the direction you think its going to go and a smaller one in the direction you think it WONT go. That way if you are right you walk away with a full profit in one position and one to kill the loss of the hedge position.
Hmm ok, just don't understand why you would complicate yourself with opening 2 trade and 1 counter trade instead of just opening 1 trade. But maybe you enjoy having fun so it's all good
- #947,879
- Jan 6, 2015 3:24am Jan 6, 2015 3:24am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
Feels like there is still some low liquidity from the break... vicious pullback :/
as you well know, we have touched 2010 low and already broken 2012, so there are big orders stacked here. Also after fast move there is an energetic gap, so.
edit: Actually am surprised pullbacks are so small, was expecting ,217 retest.
edit2: Ah, I see what pullback you referred. That was weekly open retest, I had stops at 1,1955
.T
"I know one thing, that I know nothing." Sokrates
