Trading EUR/USD Daily Hi & Lo

Hi Lex,

It's sort of remotely similar to a straddle strategy, yet is not restricted to a specific time period. On the negative side losses can be rather substantial, therefore volanalysis have to be present. I see this being useful when trading end of congestion zones.

 

-£120

Short 1.4025 £2 per pip
(Reverse order 1.4205 £4 per pip)

 

Stops a bit tight at present?

 

What is wide enough in your opinion?

 

Sorry, an unhelpful post from me.

What I meant to say was that you have roughly equal reversal points long and short. But atm the trend is down. Thus, make long reversal point further away. What do you think?

 

You aren't wrong, yet that's the strategy that I am using range based on daily chart, not weekly.

 

1.4300 & 1.3747 are profitable enough targets for me

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2712872>

 

Trailing stage of 1.4025 Short

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2721063>

 

Surely it is time to declare the chicken dinner is cooked

 

it broke last month's Lo, let it burn, I like it well done