don't like to call bottoms but seems like a clear thud being made around 1.25 yet again (i mean it could be todays bottom yet again as it has been the past few days). We also seem oversold, but perhaps europe is too weak for any sort of retracement above 1.26, so we are going to consolidate instead until fed lets us know which way we go in June
i just hope no real break below 1.25 happens soon because im changing brokers, and dont want to miss part 2 of the train, as i did with part 1
yeah sure I sold the rip at 1.307 after NFP, but the point is i didn't hold long enough.
if I would have held that higher leveraged short the entire way down (believe it was a 7x leverage i held until 1.297), that would probably be more capital than I have made with my 20-30 pips scalps since then.
7x leverage x 500 pips = 35% gain on the month. Combined with scalping, which I would feel a lot more confident doing because of my equity being higher than my balance, that would be one hell of a month
PT is onto something with his holding trades for 100s of pips approach
i just hope no real break below 1.25 happens soon because im changing brokers, and dont want to miss part 2 of the train, as i did with part 1
yeah sure I sold the rip at 1.307 after NFP, but the point is i didn't hold long enough.
if I would have held that higher leveraged short the entire way down (believe it was a 7x leverage i held until 1.297), that would probably be more capital than I have made with my 20-30 pips scalps since then.
7x leverage x 500 pips = 35% gain on the month. Combined with scalping, which I would feel a lot more confident doing because of my equity being higher than my balance, that would be one hell of a month
PT is onto something with his holding trades for 100s of pips approach
An opportunity lost is not a capital cost.
