I think history and experience are the best teachers. When many people are crying buy! buy!1, you run for cover and sell as much as you can. I see EuR/USD falling to 1.20xx
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DislikedI think history and experience are the best teachers. When many people are crying buy! buy!1, you run for cover and sell as much as you can. I see EuR/USD falling to 1.20xxIgnored
Disliked{quote} You are right in experience being the best teacher, trick is too not pay too much for it.Ignored
DislikedAlso, 119.52 coming up, could possibly offer some resistance - bulls need to slice through it to show they are in control...Ignored
DislikedI think it was just so fast... but of course it was predictable. Both of my losses have been when I was sitting at the top of a mountain going... "Should I get off here?" then I say "Nah... it could go higher!" I know that's typical human psychology... I just wish I could master my own instinct and jump out after the crescendo!Ignored
DislikedI'm not sure why anyone would make a big deal out of this pull back. It lasted for less than 2 days. And as already pointed out, it can all be made back on the rise back up. Of course, I express my condolences to anyone who lost money on it. I did as well, but only because I disobeyed my own rules, and moved my SL to wider than I am normally comfortable with. If I would have followed my rules, this pull back would not have hurt at all. Pull backs are buying opportunities. The bigger the pull-back the better and bigger the pip target, as I've posted...Ignored
Disliked{image} Hard to make it back on the way back up after it did this to ya...Nothing left. Good luck to everyone thou.Ignored
Disliked{image} Hard to make it back on the way back up after it did this to ya...Nothing left. Good luck to everyone thou.Ignored
DislikedI'm not sure why anyone would make a big deal out of this pull back. Some traders are acting like the trend is over or something. I mean a pull-back to the 20 ema?? Inevitable. And predictable. This one was sudden. But in no way shape or form has it changed how I approach trading this pair.Ignored
Disliked{quote} I'm really, really sorry to hear of your losses, and hope you'll be okay. But I'm also sorry that you don't have the confidence to benefit from the move back up, as I don't think your account went to zero. The trend is hardly over. But I respect your disciplined decision, if staying out is what you need to do. Edit: And I also would not want to influence your decision or change itIgnored
Disliked{quote} Thanks benaiah. I will be fine and your right I still have 25% of my account left but after all the failure the question is do I just cut and run. My track record is not that good as you can imagine. Just need to do some soul searching. I know I haven't been with y'all very long at all so I appreciate all the help, concern and words of encouragement.Ignored