DislikedI've got to be honest with everyone here, I have been the biggest bear since the summer on this pair, so as you can imagine, I have not been making money (good thing I have a day job).
I have come to the realization that for myself to day trade this pair, requires tick charts and purely technical trading that will net 20 to 30 pips at a time, in order to be profitable in the long run. Also do not have a BIAS.
I have been burned more times that I care to mention on the fact that I expect runners too often on this pair.
All in all, I just wanted...Ignored
Have you ever thought why 99% traders fail? Only one reason, these stupid people fail because they are afraid of the best thing that can happen to them................................. a Margin Call.
An account has certain amount to lose but no limit on what it can turn into, probably millions.
Now if one is trading with right leverage (1:20 or 1:30), all one needs is to take a direction and keep on adding to their positions whenever there is some margin balance. The account will ultimately be Margin Called.
Now calculate how much you can lose or win on a Margin Call.
Margin Call is the most kept secret in this world. One reason why brokers and some selfish traders train your sunconcious mind to avoid a Margin Call. They don't want you to have this secret.
Check my account explorer and see how many margin calls it has received so far. It is still above 80%, including a 100% gain that I deliberately washed out a few weeks ago, also not using the right leverage. I am again going for another margin call.
The Thief of Wall Street