Yes, and I don't expect this current upmove to retrace all the way back up to the April 28 highs. I expect a retest of that hammer on May 31st. I have taken profits on the early shorts and adjusted my positioning on the later ones to wait for the retest.
The BOJ, the SNB and I do not get along. They taught me a lot about what being on the wrong side of an intervention can do to one's piece of mind no matter how carefully you plan your positions.
well, that worked out well, I just now realized I had covered on the GBP. The trade log said 4:30. I looked at the hourly chart. What was that all about? That's why I don't use stops. So that leaves me with a short starter position at 5697.
Mav says you're underwater... I'll take Mav's take on it any day. I was referring to you "unlimited" heat concept. I hope it's conceptual, anyway.
Feel free to do so, figures of perceived authority on unsecured minds always have their place. I for one am fortunate I have never suffered from that malady. To explain unlimited heat to you would mean I would have to break down how I allocate resources, which I am not going to do, for obvious reasons. Thank you for your interest.
Yup, unsecured minds want to know. You're long dollar, short xxx, which means that they're bound to zero. They can't sustain "unlimited" heat. Thanks for playing.
Not so much here. I managed to survive it, but for awhile I was deep enuf under to be worried about significant consequences.