Greetings
80 minute chart.....
I see demand zones ( support) at that stubborn 1.2520 and again at 1.2483 and then my target 1.2446. 170,000 EURUSD each pip worth 17 USD.
As of this writing the loss position is about $1453.00 USD. I have decided to to hold my position albeit a losing one at present. However I will not hold over the weekend as that would violate my rules.
So if
1. You are a seasoned trader with acumen with this pair and
2. If you have been in this position facing a time compression decision in less than20 hours http://www.amazon.com/Time-Compressi...9625869&sr=8-1
I would appreciate your inputs.
I can set and forget or babysit as I have the option for either as I am self employed.
Background:
Age 60
The paper loss represents about .005% of my total capital devoted to trading.
I have been short since 3:00 AM this morning USA time.
There is no issue with margin as account is sufficiently capitalized to withstand 200 pip move upside. Painful and as distastful as that would be.
80 minute chart.....
I see demand zones ( support) at that stubborn 1.2520 and again at 1.2483 and then my target 1.2446. 170,000 EURUSD each pip worth 17 USD.
As of this writing the loss position is about $1453.00 USD. I have decided to to hold my position albeit a losing one at present. However I will not hold over the weekend as that would violate my rules.
So if
1. You are a seasoned trader with acumen with this pair and
2. If you have been in this position facing a time compression decision in less than20 hours http://www.amazon.com/Time-Compressi...9625869&sr=8-1
I would appreciate your inputs.
I can set and forget or babysit as I have the option for either as I am self employed.
Background:
Age 60
The paper loss represents about .005% of my total capital devoted to trading.
I have been short since 3:00 AM this morning USA time.
There is no issue with margin as account is sufficiently capitalized to withstand 200 pip move upside. Painful and as distastful as that would be.
Trading Consultants Inc JJG