Well, I cut half, still in, green no matter. Spreading your positions is a good idea. If Euro holds the sell pressure that is a major run uphill. If not, hold the Sterling shorts (there is a reason you want me to play lead guitar in your rock band lol)
For novices watching us currency traders go at it in spot, do not make the trade I just did in Euro, it is very high risk and like catching a knife. As mentioned I am hedged elsewhere, without it that trade is a naked position in a very volatile environment, best to throw out every indicator you watch and just try to get a feel for the market. Holding the long and lets see what happens, I won’t lose money either way but stand to gain big.
Ok miscalculated by a hair, lets see what it does, I’m spread elsewhere so no big deal, if it holds we are gold, if not, hedged elsewhere and cut and run
Bobby, watching the band Baby Metal and the song Karate helps while trading…the CTA has spoken lol (i really am a kung fu instructor)Â I like Jay’s sports analogies
