maybe we will see some action tomorrow after the cpi. at the moment im looking at the dax. rax likes the dax. last night in after hours trading it was down to ~3750 and with the us rally in the afternoon it came back to ~3810 within two hours. that was a nice move...
im not trailing. im still short in eurusd, +63pips at the moment. i have no stop in the market. looking at the spikes at 8:30 this was a good idea. i hate being thrown out of the trade by those spikes
because the sma 50 on the 30min shows the eurusd is going down, and i like to stick to my positions longer. now im in this one since ~24h but maybe its a good idea to play a reaction in eurusd. maybe with a short usdchf? what do you think?
i dont think that theres a lot of correlation, but have to look it up somewhere. the biggest correlation for the dax is the s&p, dji, nas. they are moving the dax.
So what do you do if the market turns against you and eats up all your profits? What if it retraces all the way back to the MA 50. This must have happened many times
ok, your right. its not saying its going down. but as its not above the 50sma so im comfortable on the short side.
Just pulled out of the USD/JPY and EUR/USD with respective gains of 32 and 15. As I thought, I got in too late; most of the move had already occured. I could have gotten out with a much more significant profit, but I was asleep. Ah well. A profit is a profit, I guess.