Dislikedhey folks,
i'd like your opinion on the matter. i went short at 1.0596, and am obviously in the red right now. i'm considering adding to the short right now, which is 1.0665-70. this would bring the avg down to about 1.0631 to break even. what do you think? good idea, or you think there's still some short-term boost to it? i'm aware that it's looking quite bullish long-term but it's certainly overbought in most short-term TFs. any non-condescending opinion will be appreciated. thanksIgnored
There are traders ready to take 100 pips and more as drawdown against hundreds of pips as TP, and others only some few pips against some tens of pips to win. First guys doesn't matter with them similar drawdawn, because when entering, they took from the beginning 1% risk of their balance and get lots according to. Second guys get much more lots, with the same 1% risk of their balance. Then up to you to define which kind of trader you are and act consequently.
Little luck is forex water. Learn all Trading strategies, then forget them.