Quote:
Originally Posted by cadarkitek
Thats possible, in fact anything is possible with this pair. Sell Stop set @ 199.90, TP @ 198.60.
I took a deep breath a while back before deciding to start fool around with this pair. It was always the "stay away" pair in my book, but after demo with it for some time I figure how it moves (large profits or large loss in minutes/hrs).
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Yes, you have to treat it with great respect (caution) or it will slap you silly .. but it has also bailed me out of stupid mistakes I made trading other pairs, since it moves so fast, if you are on the right side of it you can make up a day's losses in minutes (!)
That's why I want to learn its every move ... if you played this one properly every week, it usually gives up hundreds of pips
cadarkitek, you are planning to re-short IF it drops below 200? Target then would be around 198.50? Do you know your PT in advance or do you just base it on signals as they occur in real time?