DislikedTOld of big investment bank been soaking up all the offers in the eurusd. Do u all think they know something?Ignored
minrax
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedTOld of big investment bank been soaking up all the offers in the eurusd. Do u all think they know something?Ignored
DislikedHow many would be better off just picking a direction, with the longer term trend, and trading only that way? Probably most.Ignored
Disliked100 a day keeps the 9 to 5 away. especially in a third world country.Ignored
DislikedPros and Cons there. Yes ideally, just go with the market. But with that there's some danger. Plenty of new traders will get emotional, end up buying the high, selling the low, and losing more than an entire day's range trying to follow it. How many would be better off just picking a direction, with the longer term trend, and trading only that way? Probably most.Ignored
DislikedEasier said than done.
How do you know what the "longer term trend" is? It's ALWAYS changing. You could have three days of a downtrend followed by a huge surge to the upside.
Can you tell me what that trend is right now?
The market is always switching between up and down, consolidation, and unexpected fakeouts on every time frame.
It does not move in a line, and most of the time, the "longer term trend" cannot be identified except in HINDSIGHT.
The only time it is a no-brainer is when the market sentiment is clear, but that only happens...Ignored
DislikedThat is just it. That is what most do. They pick a direction, and end up following short, which is why so many trades end up redepositing. How many people go with a direction, then end up saying I want a tp of 300 points. After a month it moves in their direction and they have about 210 point profit and never book it, then the retrace comes, and they keep adding, and adding, and adding. Remember when eur gave us this nice push to 13165 so many people were shorting into the run up. Saying it was a trap. Now that we had a pull back, even more reason...Ignored
Dislikeddo your print screen button
open Paint
paste it into paint
select the area you want to keep
press CROP
save pictureIgnored
DislikedThat is just it. That is what most do. They pick a direction, and end up following short, which is why so many trades end up redepositing. How many people go with a direction, then end up saying I want a tp of 300 points. After a month it moves in their direction and they have about 210 point profit and never book it, then the retrace comes, and they keep adding, and adding, and adding. Remember when eur gave us this nice push to 13165 so many people were shorting into the run up. Saying it was a trap. Now that we had a pull back, even more reason...Ignored
DislikedThis was done all by scalping. Noy by GUESSING or trying to rationalize a losing position with deflecting.Ignored
DislikedNot that I disagree that people do that. But if you're determining the success or failure of a general principle based on people not using stops, making bad entries and adding to losers, then pretty much every way of trading is going to lose. Not having tight stops and adding to losers will destroy most accounts quite quickly.Ignored