IMHO-
Wait to short until it breaks 3325. Any shorts over that are risky as I see a 3400 may come tonight.
sandhu
If it gets to 3325 I'm be VERY Happy tonight LOL
The Selling came in anywhere from 13mins away to 45mins away last week, after this run up it would be logical to expect the same.
My chart is Downtrending, 2hour and 4hour to, my Exit is CLOSE if this fails, 1.3370 area seriously!! So risk to reward is HUGE
i'm a newbie around here
Ahem, Let the force be with you then lol
but really H4 says "I am Neutral"
PS- Japan opens in one, so I guess selling has to come in next 30 minutes or so, if it stays anywhere near 3360, up is where IT goes
This thing is going up...i close my shorts -190 pips damn
It'll definately come down then, unless we all have our own personal dimensions for trading so we all lose regardless ofcourse
heyy, if you are already 190 down then wait if it crosses 3410. if it does then what is 190 and 240 almost same to me. wait another couple, if you want hedge by going long here, it would not go very far from here.
word of caution here, 3410 broken and next stop could be 3500.
your call now.
...I use 10% of my margin so 190 pips losing 19% of my margin. It's not good money management.
yeah forex has been very strange lately, I think we should trade what we don't think it will go. If I have done that I will be collecting a lot of green pips
With a run of 23winners which came badly to a sad end last week, I haven't got that issue thankfully
Not looking good so far I will say for us shorters hey
15more mins to wait but against my system here
It'll definately come down then, unless we all have our own personal dimensions for trading so we all lose regardless ofcourse
what leverage you use that 23 wins wiped on one trade??????
Stop hunt up ( I pulled mine just in the knick of time ), followed by selling I think!!
This is where it gets abit tricky
Gambling Rule 2: Disaster is the ultimate result of any kind of gambling. Because, there is a limit to how much one can lose, but no limit to how much one wants to win.
How it applies to forex: Everything that goes up ultimately comes down (or vice versa). But, we don't know, when, how and how much.
Suggested Trading Tips: Always open small positions; decide your risk based on highest possible timeframe you think is reasonable (e.g. daily to monthly, but not five seconds or century); take some profit when...
Didn't lose all 23wins thankfully, I did get abit carried away averaging up and had 3x's my normal lot size on the table which only made the matter much much worse
Totally broke my rules and deserved a head kicking and got it!!
