I think you guys are underestimating the dollar weakness..but to each his own I see these pairs flying.. all I do is look for the pullback and follow the trend where MM's are adding. {image}
{quote} AUDUSD: This sort of price action - occasional quick whips up, and not really in prime time hours (easier for MMs to move price) - can indicate the MMs desire high prices ASAP. If they were buyers anticipating a rise in price, they would keep it low as long as possible and not whip it up like that. Quick moves are more indicative of the highest priority being whatever the achieved level is, and therefore positions are already built and need to be closed and converted. Hence the need to get to the close & convert level ASAP. So, to me this...
{quote} I believe the amount you are prepared to risk should all be relative to account size. 20% on a small account of $500 is very different from 20% on a $10k account. Psychology of the trader changes entirely when the amount of $'s goes up. It's sounds easy but detaching your emotions from your money is very difficult and this is probably why a lot of traders lose. With Sonic R and PVSRA it's very possible to multiply your small account very rapidly if you are extremely picky with your entries. But patience is a virtue.
You're absolutely right. Things are getting interesting with NU. I wonder if we'll see 88+...
{quote} I believe the amount you are prepared to risk should all be relative to account size. 20% on a small account of $500 is very different from 20% on a $10k account. Psychology of the trader changes entirely when the amount of $'s goes up. It sounds easy but detaching your emotions from your money is very difficult and this is probably why a lot of traders lose. With Sonic R and PVSRA it's very possible to multiply your small account very rapidly if you are extremely picky with your entries. But patience is a virtue. I am learning and applying...
{quote} Preach!
