trading is about edge AND opportunity:ERU/USD range trading. Your comment?

Discussion in 'Trading' started by stevenw, Mar 7, 2011.

  1. stevenw

    stevenw

    up reason: ECB MIGHT raise rate

    DOWN reason: sovereign debt

    open: short when up reason priced in, e.g. >1.40

    close: buyback at first resistant, e.g. 1.397-1.398

    risk/stoploss: if there are NEW UP reasons, analyze to decide hold on or take loss.

    Edge: NO.actually disadvantage: when UP reason known, it is too late.

    Opportunity: But it looks like a good opportunity. DOWN reason will
    pull eur down, which not go away soon.

    Any comments? Any risk?