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| Well Long That's an easy one-Ya got a K to risk-The posters above all are right-Your late to the party-BUT what if its only 8;30 and you have a long ways to go till the inevitable 3am brawl in the front yard and the host locks the door?-So ya wanna step on the Bull Dollar Train-Why not short the Euro minis? M6EZ4-They are worth 125 dollars for every 100 pips(cents) If ya turn the Dollar chart Upside down you will get the Euro-Its 95 percent the mirror image-My current bull Dollar position is half short Euro-One half long Dollar- M6EZ4 are solid with on the nuts bid/ask-They usually follow the bigs by a cent or so (pips)-Were on wave 3 of the macro degree-The most powerful of waves-Remember? If your ever gonna step aboard a move a little late-That's the one to get on-This is what I would do-Sell 3 M6EZ4 at market now-Put your stop on 2 just above last weeks high 127;35 ish=risk 580ish-Stop on 3rd position Just above the next weekly bar back 129'15 ish-Risk 500 ish-Now on a trade below last weeks low-124.95ish Sell position 4-Bring the stop down on position 3 to 127.35 Same on position 4-You now control 4 positions-Your total risk now is 1080ish-Weve already broke the lows of last week...Now as the trend goes on-The trend is your friend right? Keep one/half of your stops just above the last weekly highs and one/half just above the previous weeks high-On a bust of the last weeks low-Feel free to add to position if you want here-Ratchet each half of your stops down to just above the corresponding weekly highs-So on and so on-Well that's about it-Welcome to the wonderful world of trend trading-I like to trade this way on very powerful market moves-With confidence and conviction -Its a way of trading for the "big hit" Ya only need a few of these to put your self on the map as a trader--Ck out the weekly Euro below-Look at the 128 area- (The 85 on the dollar} All the nonbelievers said shed stop er cold-Blew thru it like it was nuthin but calf slobbers-Next target=the 120 (90-92 on the dollar) Good luck and JUST DO IT
Edited by Fishguts2 10/5/2014 21:25
 (weekly euro.png)
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 weekly euro.png (94KB - 57 downloads)
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Does A Dollar Call Make Sense?
