Wow!
I love this thread!
What a downturn in price!
rrram2, how are your trades setting? After booking about 40 pips profit this morning, I have two trades that are currently down a combined 600 pips. Before reading your posts, I would have had a heart attack over such a loss!
But wait...it's only a paper loss, an unrealized loss. There is no loss unless I close out that trade. So why close it out at all? After I adopted your paradigm view, I am more ar ease with how the market performs. Guess what? I'm concerned but definitely not worried. Why? Just as you said, the price tends to revert back to the original point of reference or equilibrium if you will.
So now I am laughing all the way to the bank because of the positive interest swap I am earning! BTW, last week I earned 460 pips with only one loss that prevented me from achieving 500 pips with your strategy! If I had not gotten impatient and exited that trade early, all 31 of my trades would have been profitable!
This is FUN!
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