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Good for you... but what's the "BS", and why are you sorry?
Great strategies IF you have a bias... our trader in question did NOT have a
directional bias... just an expectation of BREAKOUT!
So: What would YOU do in his case? If you don't know which way to go...
AND due international market time differences you can't rely on your
stops... NAME YOUR NON-"BS'' STRATEGY!
Lots of critics out there... unfortunately not a lot of paying attention to
details.
Dave
-----Original Message-----
From: CONTrader@xxxxxxx <CONTrader@xxxxxxx>
To: deltaforce@xxxxxxxxxxxxx <deltaforce@xxxxxxxxxxxxx>
Date: Sunday, August 23, 1998 12:26 PM
Subject: Re: Yen Option Strangles (Don't)=problem
> What a bunch of BS, Im sorry. If you feel bullish in the YEN because its
>multi year lows or whatever, just buy a long contract hedge it with a close
>put option. place a stop right below a nice support if it violates the
support
>your out of the futures and you can profit from your put. Just the opposite
if
>your bearish the YEN. I do it all the time it works great.
>
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