The Consumer Sentiment Index can be a valuable tool for intraday currency trading.
The Index shows the long and short ratio. The percentage number of the ratio is simply the amount of longs or shorts in the overall amount of opened positions transacted. The Consumer Sentiment Index gauges effective speculative interest in currency pairs and currencies, and therefore can be used as a CONTRARIAN INDICATOR. The index is updated every 30 minutes
To use Margin Calculator, select your account currency, select your account leverage, type in the size of the trade, and Click Calculate to see the results
My God! Why didn't you just use a trailing stop about 25 pips. You would still have made a killing.
ReplyDeleteBill
Will see, I am back in. It should go higher after the dust settles.
ReplyDeleteI'm playing it just the opposite. I think the main trend is down, so I put on shorts after retracments. This has been working well for me.
ReplyDeleteOK Bill, as the blind man said..we shall see.
ReplyDelete