greetings, my interest in the FX/currency market has increased dramatically recently. this journal will document the trades taken based on our research. In addition, i do daytrade these markets utilizing unique software that pinpoints overextensions and potential continued movement in same direction--however, most of the trades in these global markets are longer term. i do average into a trade up to the risk tolerance at that time based on capital levels and have found that this "controlled averaging" works nicely ( so far anyhow) in this market. I am expecting dollar strength this week based on our projected economic numbers and have acted on this hypothesis by shorting a substantial quantity of EUR/USD @1.2180 and 1.2190 this evening. best, surfer
Surf.. is this a good time to add more.. or should we wait for a little bit for an even better entry price?
adding our final entry here at 1.2276 short. continuing to feel the heat, but still confident of coming dollar strength. surfer
That would depend on your definition of the words "trading," "with," "the," and "trend." You'll note that he has not yet gotten back to you on that one.
absolutely. and now i am against the trend..... LOL ! the antitrend statistical tests apply to equities only. surfer