You've played safe by reducing your usual lot size, and hopefully will wait to see what happens around 0.9900 before adding to this position.
I went long too this morning, and SL wasn't hit so still in the trade. Trade your own plan and don't worry about getting approval, or otherwise, from others. As Clouds rightly pointed out, the Swissy went below parity last year - when I was just starting out - and I bought at around 0.9970 on that pair but used a massive lot size and bailed out on the same night when I thought I was going to have my account wiped out with the drawdown I was facing, well the pair never hit that price again and I missed out on the run as it then retraced 800 odd pips over the next few months.
Trade your 'own' plan, and charts, and with good mm and rm, you'll be rewarded eventually.
Good luck.
i
Ps. Magix, incredible to see you on this thread too - respect to you, I read your posts 'elsewhere' and you're obviously a good trader -wish you'd make up with a fellow trader I also have respect for (yep tell me to mind my own business...) .
I went long too this morning, and SL wasn't hit so still in the trade. Trade your own plan and don't worry about getting approval, or otherwise, from others. As Clouds rightly pointed out, the Swissy went below parity last year - when I was just starting out - and I bought at around 0.9970 on that pair but used a massive lot size and bailed out on the same night when I thought I was going to have my account wiped out with the drawdown I was facing, well the pair never hit that price again and I missed out on the run as it then retraced 800 odd pips over the next few months.
Trade your 'own' plan, and charts, and with good mm and rm, you'll be rewarded eventually.
Good luck.
i
Ps. Magix, incredible to see you on this thread too - respect to you, I read your posts 'elsewhere' and you're obviously a good trader -wish you'd make up with a fellow trader I also have respect for (yep tell me to mind my own business...) .
DislikedI am going to stick with this trade for a while if I have to.
Add more Longs around @ 0.9900 or so if I have to.Ignored