Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
DUAL TRADES mean you go LONG (or short) in one trade, and SHORT (or long) in in the same pair.
I use DUAL TRADES when I expect a consolidative (range-bound) market, It is meant to take advantage of consolidating markets ie price action remaining in a specific range. DEPENDING on where the price is at the moment of getting the trades, you pick the trade that is closest, with the idea that the market will come back and eventually trigger the opposite trade.
These usually work on platforms that allow hedging and do not automatically square off opposing trades.
The MOST RECENT EXAMPLE is was from the latest Premium Trades in EURUSD.
At the moment of publication, the Long EURUSD trade below was triggered:
(NEW) Long EURUSD between 1.3715-1.3740, for limit between 1.3775-1.3800, stop at 1.3665.
Then the OPPOSING SHORT was triggered below
(NEW) Short EURUSD between 1.3805-1.3840, for limit between 1.3750-1.3780, stop at 1.3875.
Both trades hot all targets.
Ashraf