Reversing TBPS
Got one TBPS lesson today. I forgot to reverse the open TBPS position that did not get closed yesterday, the reason being that that pair had sunk enough in the ADXR/CSI ranking, and the final loss was bigger than by promptly following the system. But this opened another question: if TBPS tells to reverse a position, but the ranking is now too low, should I just close that position without opening another one in a reverse direction? Or should I consider the initial ranking and open the reversed position in any case? Personally I think the former alternative is safer.
- I must digest this news issue. Maybe not using TBPS on only major news days and major currencies. Let's see. Good points anyway, Dale, thanks for your view!
J.
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