{quote} Drawdown is relative to the exposure and account size... Not everybody is a day trader - I wouldn't call it monkey if you shoot for a 1000 and there is a move of 90 in the opposite direction.
{quote} Who would enter a short 30 pips away from a 2 year bottom? Not even swing traders should do that. The places to short from were higher...but that wasn't the issue...the problem is, that everytime price starts dropping, even if its at the end of the trading day, Miguel comes here as the expert and starts screaming about another 100 pips down, even though at that moment its impossible. Its like that fatpanda guy calling 1.33 every day until it finally got hit after a year.
{quote} Who would enter a short 30 pips away from a 2 year bottom? Not even swing traders should do that. The places to short from were higher...but that wasn't the issue...the problem is, that everytime price starts dropping, even if its at the end of the trading day, Miguel comes here as the expert and starts screaming about another 100 pips down, even though at that moment its impossible. Its like that fatpanda guy calling 1.33 every day until it finally got hit after a year.
{quote} Of course it can, but if someone believes in that, why not wait for the break and enter short on the pullback? Those 30 extra pips don't matter anymore, because if right, he will make 30 pips less on the downmove, BUT if wrong, he won't end up in a 300 pip drawdown before 2570 gets broken.
I think EU may visit 2610 before touching 27xx
{quote} Too deep, 2614 did hold too good today...maybe 2625 again, would be good enough for me to buy, but even that might not come anymore.
{quote} Last time you called shorts, price was at 2600 yesterday, price went 90 pips in the opposite direction. Of course, if you keep calling shorts in a downtrend, you will get lucky more often than not, every monkey can trade like that, without worrying about a drawdown.
