[thalestrader]

Here is how it lookson the 6B. The dotted lines are entry/targets for the first entry, the solid lines are for the second entry. Stop loss is the same for each, position size is different, risk is approximately the same (+/- a few dollars). Scaling in - Scaling out - each has its own targets.





Best Wishes,

Thales

[Cory2679]

Originally Posted by Cory2679 »

Current look at GU...

I've moved my stop to BE. This is a hard one to sit through...lots of back and forth.

NOTE: I believe this is the same trade Thales is in (his add to his first position, anyway), except with a less ambitious first PT...the second PT is about the same. I admit that my first PT is less than desirable R/R...I was just worried about the resistance, which has indeed come into play...price has come within a tick or two of my PT1 and keeps backing off...

Originally Posted by Cory2679 »

Current look @ the USDJPY...

Short never triggered...up it goes.

[Cory2679]

Originally Posted by Cory2679 »

I've moved my stop to BE. This is a hard one to sit through...lots of back and forth.

PT1 filled for +25 ticks...holding on for +75 ticks @ PT2.

[Beachtrader]

Hi Cory,

I'm with you on cable and just had my PT1 hit. Also in Euro which hasn't been a smooth ride either so far.



All the best
BT

[thalestrader]

Originally Posted by thalestrader »

Here is how it lookson the 6B. The dotted lines are entry/targets for the first entry, the solid lines are for the second entry. Stop loss is the same for each, position size is different, risk is approximately the same (+/- a few dollars). Scaling in - Scaling out - each has its own targets.

Here is where I stand: PT1 on each entry is filled for +27 ticks and +32 ticks respectively. I have stops at entry 1 PT1 and Entry 2 Break even level.





Best Wishes,

Thales

[thalestrader]

Originally Posted by Beachtrader »

Hi Cory,

I'm with you on cable and just had my PT1 hit. Also in Euro which hasn't been a smooth ride either so far.

When I see opportunity present itself in the same direction simultaneously on both the 6B and the 6E, I am trading the 6B for longs and the 6E for shorts. That changes from time to time, of course, but the Pound has been so much stronger relative to the Euro, it just seems to make sense for the time being for me to trade them so.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

When I see opportunity present itself in the same direction simultaneously on both the 6B and the 6E, I am trading the 6B for longs and the 6E for shorts. That changes from time to time, of course, but the Pound has been so much stronger relative to the Euro, it just seems to make sense for the time being for me to trade them so.

Best Wishes,

Thales

Short EURUSD ...?

Best Wishes,

Thales

[Cory2679]

Originally Posted by Beachtrader »

Hi Cory,

I'm with you on cable and just had my PT1 hit. Also in Euro which hasn't been a smooth ride either so far.

Originally Posted by thalestrader »

When I see opportunity present itself in the same direction simultaneously on both the 6B and the 6E, I am trading the 6B for longs and the 6E for shorts. That changes from time to time, of course, but the Pound has been so much stronger relative to the Euro, it just seems to make sense for the time being for me to trade them so.

Thales beat me to it, but I was about to say something similar...just that I saw both and chose the GU.

This sort of thing came up just last week:

Originally Posted by Cory2679 »

I have a question for Thales or anybody:

Do you have any reservations about taking positions at the same time on different currency pairs?...

For example, the EJ, EU, and GU all presented short opportunities at around the same time today.........

Originally Posted by thalestrader »

If you are looking short, sell the weaker of the two (6B/6E). If you are looking long, buy the stronger of the two. If they both look equally enticing, pick your favorite.