Daily Archives: July 19, 2013

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It’s impossible not to know direction of currency with Boxes – illustrating GBPCAD

Yesterday, during preview, a potential client talked to me about his problem. He had hedged his positions (basically both long and short at the same time of same currency pair) and asked me for my opinion.

I was unwilling to answer, because whatever that I’ve said will be in different context from his understanding. Ultimately he arrived at a conclusion “maybe he should cut his positions with losses and start all over again”

I made a comment: Doing so will not solve your root problem. Starting over again requires a plan. Do you know your plan?