DislikedNo, brother. I wonder if your calculation is correct or my understanding is wrong.
Suppose you have a trap of 200 pips, and your total troops are 33. It could not be 33*200=$6600. Because you start rescue by levels.
And in your 33 troops, I think it is 1, 1, 2, 3, 5, 8, 13. So totally it is 6 levels.
In this case, suppose you start rescue by every 30 pips, so the total book loss is 1*200+1*170+2*140...+10*13=$2040. Not 6600.
Please do calculations by yourself to check.
DavidIgnored
i place the worst case scenario. Coz we cant confirm if we can sequentially increase lots at every 30pips. i dont want to make it complex.
yes, the current trend in eurusd is an example that trends don't matter when you are in an active trade, the market moves wherever it wants to trend is a derived perception of price movements.... its all abt management and capitalisation. so who can fight this ??? These are the kind of days that can make or break a trader.
lusan alli can say, is stick to ur style bro. dun let a loss get u away. small frames are the ones that will decide how the long frames will look like.
zoran, thanks. Noted.
interesting stuff abt understanding fundamentals??? Jacko did a nostradamus lol
DislikedThe ECB will act much faster than that. (within the next two weeks...and sooner rather than later)
They jawboned the market on the weekend....the market dropped but then started to recover .....the ECB would have been very annoyed by that (they had sent a subtle message to the market at the G7 meeting and the market attempted to trade against it...) so they will start cranking up the pressure to get the Euro lower.
If the market doesn't get the hint, or worse, tries to trade against it, the ECB will slap the market hard.
But the main issue is that the ECB wants the EUR/USD lower.
Just my opinion...and I could be wwwwrong !!!
.Ignored