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Post# of 42555
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Alias Born 12/08/2004

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Thursday, 11/13/2008 3:07:24 PM

Thursday, November 13, 2008 3:07:24 PM

Post# of 42555
OK....this strat seems to be gettin me back on track.....

as soon as I see a lil green....a few pips...I cover 1/2, set the sl to b/e & let it ride.

I've already done this w/all 3 positions.....hard to lose this way. Kinda like the ol classic penny strat...spread your seeds all around trying to obtain as many $0 cost basis positions as ya can....then walk away & hope 1 day ya come back a kazillionaire :))

Anyone here ever try this w/the currencies? Ya gotta be real patient cuz much of the time your other 1/2 gets stopped out...so the profits u do bank are 50% less thus makin it a real slow go....but your risk is limiited or nil but eventually over time u gotta hit a few grand slams.

I would think this would be a very popular way to play...at least for we lil fish.

& as I look again....I'm now up fairly nicely w/these 3 risk free positions....58 w/the eruo/jpy, 57 w/the aud/us & 207 currently w/the gold. I really wanna cover here but gonna try my hardest not to...see what happens.





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