{quote} You will figure it out one day. I don't give a shit about news/data because someone who knows the order flow knows what the news/data is before it releases. Yes the move was technically showing a huge yen rally into divergence during March. When the market expects a divergence it means it will make new low/high then reverse sharply. You should take the advice of your own signature perhaps, ignore yourself.
Does anyone think longing eurusd till 1.3480 is good?
very bad
{quote} But to me it seems that you have been long from a much higher Level and for å long time?
{quote} Rag Are you still trading the Bob Volman way? ta
{quote} I dont know know what that is but I dollar cost average extremely small positions and occasionally will trade more gambler style (tight stops). dollar cost averaging = extremely high winning %, small wins, large losses tight stops = low win %, big wins, small losses the best traders take the best of both worlds (my dollar cost average account is performing much better, but you MUST know where the edges of the market are, you can't get caught in a breakout) take no time off
{quote} I read in your profile that "Forex Price Action Scalping," is one of your favorite book which is by Volman...I scal tha way...still need to master it...
{quote} First of all the big money holding longs from 1.01 probably aren't even leveraged positions. A trillion dollar fund might own say, 100,000 lots from 1.01. Why would they sell those for a loss instead of buying more? big money eats small money. do traders realize that whoever is the big money buying these dips under 1.34 (back to EU now) hasn't sold ONE position for the last two weeks??? all the dips off 1.341 area are from hot money (and other big traders clearing sub 1.33 longs for profits where strong liquidity exists, aka new speculative...
{quote} Long time ago but yes I'm going to attempt. 2-3 pip stop loss scalping again at some point now that I know where the market is going longer term. Im im a firm believer you need to master the daily/weekly before you even think about the 1m and 5m spreads of 1 or less are pretty essential too.
