There is only one right price.... what the customer is willing to pay !
Disliked... OK, techs: It is a terrible news that 1.1290 held, bulls may piss off any bears by taking it to new highs and sit there for a few hours. I closed the shorts that I had from above 1.1360s just to give me some room to keep my initial short position.Ignored
DislikedFor all those who got a margin call or lost a lot this week,fact is that trading can be discouraging especially if you keep doing what you do. I learnt a long time ago that risking less and increasing your risk to reward ratio is the best way to tame this beast, have the confidence to hold on to an entry for days or weeks, set multiple targets, and try to diversity your currency of choice because its not all the time that trading a particular currency would make sense. From a professional point of view: most entries are being placed during the first...Ignored