trade idea: short SPX, short EURJPY; with SL's and TP's :)

T

tsfx

One of the two if not both will give all the gains back.

EURJPY has an SL of 50pts
SPX has an SL of 40pts

TP's seen on chart. It makes a RR 1:7.

If SL's are hit then re entry will be at the same place.

Cheers.

SPXEJ.png
 
TrAndy2022 said:
With stops this is good analysis.
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Many OPs don't use STOP/ don't declare STOP
Because they lack confidence in their posting.
And they absolutely don't want their trade to fail.

Without STOP, their trade will never ever fail.
 
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That is what I wanted to say earlier. You got stopped out twice already. And this can happen more often than you think. I hope you did not spend to much on those signals. I do not say it does not work at all. But it does not work good with your presented charts.
 
TrAndy2022 said:
That is what I wanted to say earlier. You got stopped out twice already. And this can happen more often than you think. I hope you did not spend to much on those signals. I do not say it does not work at all. But it does not work good with your presented charts.
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What are you talking about? None of the two have hit a stop yet.
 
Can you share your rationale for why short, and why both?
Honest question here... trying to learn more about how to generate trade ideas

Thx OP!
 
jaypaul1988 said:
Can you share your rationale for why short, and why both?
Honest question here... trying to learn more about how to generate trade ideas

Thx OP!
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Just something i've noticed with intermarket analysis.

Two risk assets like those have a hard time moving together. Not to say they can't but if you already have a strong period of moving together so now it makes sense to "diverge". We'll see.

PS. It requires a good amount of discretion to trade like that.
 
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