Quote:
Originally Posted by Tess
That's well spotted Ray 
Today the Cable has printed 130% of it's average days range, to the 1.7781 lows. The p/b you took allowed a measured (1:2) risk reward play if you timed it ok & in this type of scenario, is just about a no brainer play.
In more sedate periods of activity you could get caught on the blind side as New York desks come to the table & possibly reverse the directional flows on order driven trade.
That's when it pays to take note of the average daily moves & where the percentages are at as NY comes into play.
Jimmy's 1min-15min combo visuals would also have assisted pretty fine on your continued short trade though  |
Hi Tess,
Can you teach us on how to take note of the average daily moves? By using the ADR?