{quote} I see it over and over again. Some fellows throw in numbers with hopes that when it hits they can come back later and brag about it. If it goes the other way they stay silent. So in a way it is simple con-artistry. Untamed human psychology is often a sucker for cheap thrills. Humans have to learn: "It is not that one big winner we must chase for, it is the -consistency- that has to be sought and earned by working day after day!"
{quote} I see it over and over again. Some fellows throw in numbers with hopes that when it hits they can come back later and brag about it. If it goes the other way they stay silent. So in a way it is simple con-artistry. Untamed human psychology is often a sucker for cheap thrills. Humans have to learn: "It is not that one big winner we must chase for, it is the -consistency- that has to be sought and earned by working day after day!"
{quote} Agree, a system have to lose otherwise it's gambling. Trading without stop loss and a plan its just for fun and for demo account.
{quote} One can put a real stop on his trading software or not, that is optional but a "mental stop", a "mental target" and an overall strategy is a must! Best wishes
My source at GS is telling me we go above 1.08 to reverse.
{quote} This is best for small accounts.
{quote} No buddy, small large doesn't matter... Mental stop can be used everywhere... If you are concerned about losing too big like more than 50 pips or 100 pips on one order then one can use an automated SL that sets in let's say 50 pips or 100 pips away with every new order.. But your mental stop is maybe 20 pips.. The crucial point is: Have a plan! Anyway this is all off-topic.. Sorry dear members... Back to EURUSD...
Huge moves can happen and find you unprepared. At least for my style of trading {quote} Just a little more off topic ,how do you set automated sl
{quote} Sorry for the off topic but I wrote it thinking of bigger moves than 100 pips or 20 pips.
{quote} I don't think you are thinking straight right now. Think again and a little deep about what I just said and then you will get the logic and agree. Best wishes
But not break my rules!
{quote} I agree with you. EU wants to go higher, but first it should test 1.0700 maybe today.
{quote} That scenario would serve me too.. With current situation, maybe bull will play softball until US data comes out... Let's see... Best wishes
{quote} I changed the TPs on all 3 shorts to 1.0705. Will reenter shorts later, closer to 1.0780. Till it gets there, maybe IŽll be scalping long after it tests 1.0700. A lot depends on the crucial inflation data today. A big number and all bets are off...
FRY daaayyyyy! Don't get burned! 
