EURUSD

rotten pa today

i have a suggestion to you, you open a 1000 dollars account and then trade 0.01 lot. Only 0.01 lot and always 0.01 lot unless you are in profit then you can open another 0.01 lot (but you have to make sure s/l your profit trade b/e or with some pips before you open your second lot).
if you are not sure know how to set your s/l, then set your s/l 25 pips under last week's low if you long or 25 pips above last week's high if you short and dont always close your order with just 10 pips profits. You can only allow you lose 2 trades per day or 2% of your capital per day (in this case, set your max s/l 2% of your capital if last week's low/high does not work). You can start to trade 0.02 lot if you increase your account to 2000 (which should take you for a long time, probably more than a year).

this is not a good strategy to trade because you may need pure luck to earn money in this case but this is a good momey management. however, during this time, you will definitely found there are a lot of times either your enter the market too early or you completely got opposite direction of the market movement, then you will think about it and i think you can just look SMA/EMA (usually 20 day should be fine, i am sure you are uncomfortbale to use daily or weekly chart to trade, then use 1H, 15mins and 5 mins, dont use 1 min) with some fibonachi points, you will make improvement then you will eventually do better later.. you should be able to survive by at least more than 3 months using this strategy. hopefully, you could survive longer and finally develop your way to trade to protect you will not lose money by monthly report.
you can continue to link your account so that the other people will still see you trading activity, after a few months, the scammers may will still satirize you but real good traders will start to encourage you.

Very much so.

mla

I have a 2000 pip cushion, no SL or TP (completely open-ended). I'm trying to get in on the next fall BEFORE it plummets, and to try to double my lot size after each uptick.

The problem with pulling out before the rate change/press conference is that you could miss a big movement (drop) that happens during/right after.

Im in the same positions as you i have no sl or tp but i have short positions open. ive decided not to close them despite what happens tommorow morning my bias on the pair is south. I havent took very large trades so im perfectly fine with holding even thru 1.36. 1.37 depending on PA i will consider to close for a loss but even then wouldnt bust my account. Good Luck ..Just wanted you to know you was not alone

Okay thanks for the input, fellas.

I still haven't made up my mind yet, but whatever choice I end up making ... hindsight will determine whether it was the right one, as usual.

Only my view

mla

the current pa is so rotten, i am inclined to close my short at 0 and get the hell off the market

PA is weak and indecisive, asian session in play and smart money is waiting for the Draghi's conference results today. If anyone have a live blog site, or other link for it, I'd appreciate.

I did it already once.

mla

http://www.bloomberg.com/radio/

my 30 min chart suggest , possible re-test of 3448/52

is it faster than Bloomberg tv ?

Better ignore all tech.indy or S/R today & tomorrow..only eu rate decision & eu summit's results will decide the pair movement the rest of the month..prefer to trade in Jan

at what hour is Draghi's speach?

TABLE with survey of most significant keys for the EUR/USD pair:

2011-12-08_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-49 (V1) x



Faites vos jeux!




;-|

mla

got issues with sound, noisy and splitted/delayed sound. but thanks anyway.

same issue for me must be the feed

anyone know why some names appears several times in the list of those looking at the thread?