playing the percentages ?

Discussion in 'Forex Trading' started by SethArb, May 10, 2004.

  1. I placed a (?) on the title as I am not an expert

    in playing this type of divergence

    but sometimes there are

    divergences that can be taken advantage of

    perhaps a trade this evening would have been placed

    to go long Euro at 1.1825 - 30 spot ( approx )

    or 1.1816 futures seeing that gold was still

    holding up on access market ( or in spot )

    only down $1.00 to offer gold out ....

    one would have lost on the gold , but more than

    made up for it in the long euro position

    euro rallied almost 50 pips from lows

    gold went back to unchanged