I never add until earlier postions show profit and get out when a strong move wipes out all my positions.
He should accumulate his line on the way up. Let him buy one-fifth of his full line. If that does not show him a profit he must not increase his holdings because he has obviously begun wrong; he is wrong temporarily and there is no profit in being wrong at any time.
Keep on watching fundamentals for few days. We are just two hours from the start of month and economic data from both Europe and USA is not so good. This is not a right time to take a long-term position.
Once fundamentals are clear, you can built low risk positons with good confidence.
This time is no good if you are not an expert scalper.
Everyone , living or dead, always remains confused in this market, so don't worry about it.
i can scalp but the problem is my current broker(forexcontrol) as they don't allow scalping. at present as a learner i don't want my account larger than 200$. & at present im trying to save this with 28$ balance. after that i'll go for another broker where scalping is allowed.
Upward movement of AUDUSD expected last night. I was aiming for round numbers although I dont trade Asia, but the breach of very important level made me rethink. We had nice HH ABOVE previous resistance that was EASILY breached, retest and continuation.
2 orders got filled both in a good profit. Same as EU today.. I will wait for a pullback then buy it.
s/l around 4377 > buy
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If anyone out there saw that one coming, then you are a far better man than I.
