Nearly finished up a doji on the weeky. Still bearish for the next few weeks.
We'll see as ever.
Have a good weekend everyone
We'll see as ever.
Have a good weekend everyone
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedYou are right. This is no rocket science. In My Fu%kin But Humble Opinion (IMFHO) this approach will never work in forex (let people criticize it as much as they can) because "Cut your Losses and Let Your Profits Run" is only true for position trading in stocks and that also over the period of a major trend in normal market conditions with some sort of risk diversification mechanism.
Forex is a different market. One should not try to forcefully fit here what is true for other markets.
Any unrealized loss within the boundary from...Ignored
DislikedExcellent analysis and well written. This is EXACTLY my forex mantra. I've said it before...MM is EXTREMELY important and a well funded account utilizing small trades is what has always worked for me. Yes, I have been down quite a few pips on many trades, but I just sit tight and wait. Worst case scenario is that I break even. If your analysis is well thought out (and hopefully correct) your account can take those "opposite my trade" punches in the stomach, and you will never have to realize a loss. It can be stressful, but you get used to it....Ignored
DislikedAre you still playing that way?
I haven't been keeping up lately so I'm not sure whats in your trade journal, but I bet it has nothing to do with scalping
Just thought I'd give my point of view. Nothing fancy with a simple plan (when the trend is up buy pullbacks--when the trend is down sell pullbacks)
Good luck buddy.Ignored
Dislikedyou make me remember one of my friend....he started forex with 100k,on the first day he made arround 3k,he was so excited,then he kept of trading with high volume and without any analysis thinking he will never lose,belive me in just 45 days he lost his account.
he also kept on hedging his losing trades and finally was no where LOLIgnored
DislikedWeekly Roundup:
Here's what I'm looking at for Sunday. I TP at 4173 and closed the dog I opened at 4132, so I'm looking for a pullback and re-entry. Many others I assume are in the same position.
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