For novices watching us currency traders go at it in spot, do not make the trade I just did in Euro, it is very high risk and like catching a knife. As mentioned I am hedged elsewhere, without it that trade is a naked position in a very volatile environment, best to throw out every indicator you watch and just try to get a feel for the market. Holding the long and lets see what happens, I won’t lose money either way but stand to gain big.
Ok miscalculated by a hair, lets see what it does, I’m spread elsewhere so no big deal, if it holds we are gold, if not, hedged elsewhere and cut and run
Bobby, watching the band Baby Metal and the song Karate helps while trading…the CTA has spoken lol (i really am a kung fu instructor)Â I like Jay’s sports analogies
Theoretiaclly all is possible – if for example ECB lurkes somewhere here, buying the EUR, we could see an Up tick of more then 100 pips…and that would negate this move down…however….
