longs in euro fx, pound and yen closed here at 3 EST so that I can roll to March. I am looking to reenter the long positions at lower levels. I will be watching the charts overnight to find those entries.
Unlike last week, this time I did exit at the open and it turned out to be a good thing. At the moment I can't afford stay in through what I see can be large drawdowns (I am trading overleveraged so I am forced to be more active and precise). Looking to reenter @8750 Will see..
These are intraday pullbacks in markets that longs should be taken in. Drill down to shorter term charts to find the next bull moves if trading these fluctuations.
Dabbling in spread trading. Yesterday I did a short (2)Pound/Long (1) Euro Spread at .6411. Right now spread is at .6370 (works like a regular Fx trade, each pip is $12.50). Basically shorting the pound and hedging partially with long Euro and expecting spread to narrow more today...