I have never seen a trade which had so much going for it do nothing than this Euro. There is something not normal about currencies and stocks right now. Neither cycle or sentiment values seem to matter any more. Not sure if these are central bank interventions, or virus symptoms or election related. Most of us are underwater on the euro trade. It is not only damaging our trading equity but our emotional equity.
I am ready to move on to markets which are moving. There are different ways to trade that still seem to work and there are set ups that we can trade. We will be posting these ideas in The Pit today. In the mean time, let Tyler and I know how to proceed with your current positions. Do you want to hold on, do you want to reduce your current exposure 50%-75% or do you want out completely? Let us know.
The Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email.