EUR/AUD
If we break this support we are at now, this could be a nice ride down and opportunity to add positions.
If we break this support we are at now, this could be a nice ride down and opportunity to add positions.
Thoughts are things
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DislikedRecently, I've added a new tool to my trading, which I came to like very much.
Its an alerter, which, guess what, alerts you when price reaches a TL, HL, fib, rectangle... so, no more suboptimal entries and missed opportunities.
Just check your pairs, spot something, draw a line, drop it in and 3 days later it rings and you got a spot on entry.
Im attaching it, if anybody wants it.Ignored
DislikedEUR/AUD
If we break this support we are at now, this could be a nice ride down and opportunity to add positions.Ignored
DislikedGBP/JPY short
Break of support and trendline + 50 fib ret.
Pullback, accumulation bellow ATM.Ignored
DislikedOn a daily basis, 1.2740 was the top of the retracement. Seems (and feels) like it will have a new bottom point next week. The euro decision will also be important of course.
What i believe is that if a really important decision comes out of the eu meeting, the new ups will provide a good price to sell.Ignored
DislikedPut a profit take in the market for this one and that was hit today just above the 120.00 level.Ignored
DislikedI'll give you my 2 cents.
Position sizing:
I try not to exceed 2% of my balance. Thats a number people generally agree on as a safe choice.
There are several sites where you can calculate your position size, for example the one on babypips:
http://www.babypips.com/tools/forex-...sitionsize.php
Money management:
I like to take partial profits. I close 1/2 of my position at the first trouble area. Thats the nearest area, where price could pause or revers. If such an area is to close, I do not take the trade.
I generally...Ignored