Comments on: More talk of a correction. http://www.iift.ie/more-talk-of-a-correction/ Institute of Investing & Financial Trading, Baggot Street, Dublin 2 Tue, 03 Oct 2017 07:35:55 +0100 hourly 1 http://wordpress.org/?v=4.0.19 By: Ger http://www.iift.ie/more-talk-of-a-correction/#comment-9047 Wed, 21 May 2014 18:11:41 +0000 http://www.iift.ie/?p=21281#comment-9047 Thanks Peter

]]> By: Peter Brown http://www.iift.ie/more-talk-of-a-correction/#comment-9041 Wed, 21 May 2014 12:44:11 +0000 http://www.iift.ie/?p=21281#comment-9041 Hi Ger,

Hi Ger,
Two ways to trade this.

One. just leave it until Draghi speaks first week in June.
Two. Cash in at the support levels and re-enter on a bounce to resistance.

This strategy can gain more points in the long term because you have the chance to earn the same points twice.
Downside it may not stop and you have to re- enter at a lower level.
We cannot get tops and bottoms, so missing a few points does not matter.
At present it is oversold so a cash in makes sense.
Never a bad thing to book a profit.

Peter

]]> By: Ger http://www.iift.ie/more-talk-of-a-correction/#comment-9039 Wed, 21 May 2014 11:34:22 +0000 http://www.iift.ie/?p=21281#comment-9039 Hi Peter,

I have a quick question for you regarding a sell off today on the Eur/USD. Once it hits a certain level would it be wise to take profit and then bet again on a the sell to continue? Or not? It depends on the scenario and the maths I guess. Any thoughts on this?

Ger

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