|
Re: TRADING FORK EXTREMES – 3 month Setups.
Eurodollar Update & Trade Mgt Pdf attached.
Besides the trade managment outlined in the PDF. Our portfolio will begin to hedge the Eurodollar longs by buying Swissdollar @ 2445-2430, when / if Eurodollar meets 2970-85 again.
Buy in half strenght of the Eurodollar longs.
Clear partial profits of the hedge at 2530. Hold remainder till 2620 & above. If Eurodollar 2780-2860 levels are seen.
Recure the hedge position, using swissdollar, so long as Eurodollar fails to break / close above 2970 on a daily candle.
The hedge in swissdollar, is supposed to cushion the partial loss in Eurodollar longs if prices fall below 2860. (Recall that we are closing 1/2 longs at a loss if 2860 is breached).
__________________
Sincere Regards
Summerset
------------------------------------------------------There is no future in any job. The future lies in the man who holds the job.- George Lane. (Stochastics Developer).
Last edited by Summerset : 28-01-2007 at 09:36.
|