Do you ever carryover the weekend on your long term acct? It would seem that that could be very risky -- An attack on Iran's nuclear facility for instance. Thanks
Carrying trades into the weekend on this pair is not advisable though the spread widens to between 20 and 40 pips over the weekend.
We must always wait for confirmation before placing trades.
Some traders look at candles in motion and assume hey doji and when the candle finally closes maybe 1hr or 4 hours later no doji. So its important to always wait for confirmation first and then execute your trade.
We are in a retrace off the lows - lets see what the daily tells us when it closes today.
If 1.2960 goes - then look for 1.3010 lets see if 1.2960 can stand up to the bulls
Respectfully,
HDA[/quote]
Carrying trades into the weekend on this pair is not advisable though the spread widens to between 20 and 40 pips over the weekend.
We must always wait for confirmation before placing trades.
Some traders look at candles in motion and assume hey doji and when the candle finally closes maybe 1hr or 4 hours later no doji. So its important to always wait for confirmation first and then execute your trade.
We are in a retrace off the lows - lets see what the daily tells us when it closes today.
If 1.2960 goes - then look for 1.3010 lets see if 1.2960 can stand up to the bulls
Respectfully,
HDA[/quote]
Defending Truth, Capitalism and the US Constitution