Favourable USD news and yet within the last thirty minutes Euro surpasses its highest point of the day by over 400 pips! So it has moved in the complete opposite direction to what was expected. Anyone looking at the charts would think that the news had been unfavourable to the USD when in fact it was a resounding victory. Thus it seems we have a nasty stop loss hunt here. These malicious twist and turns make long term trading more favourable. Finance one's account well, and look for long term trends. Make sure stop losses are large enough to contain the irritating stop loss hunts. Day trading is too hot to handle.
- #935,784
- Nov 14, 2014 9:35am Nov 14, 2014 9:35am
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #935,785
- Nov 14, 2014 9:40am Nov 14, 2014 9:40am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
We watch the charts from every angle so you don't have to!!
- #935,788
- Nov 14, 2014 9:43am Nov 14, 2014 9:43am
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #935,789
- Nov 14, 2014 9:50am Nov 14, 2014 9:50am
- Joined Apr 2013 | Status: Now I know you | 5,576 Posts
don't predict direction, but dance with flow of water
- #935,791
- Nov 14, 2014 9:53am Nov 14, 2014 9:53am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
We watch the charts from every angle so you don't have to!!
- #935,793
- Nov 14, 2014 10:11am Nov 14, 2014 10:11am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
Fail better.
- #935,794
- Nov 14, 2014 10:12am Nov 14, 2014 10:12am
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #935,797
- Edited 11:37am Nov 14, 2014 10:20am | Edited 11:37am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
- #935,798
- Nov 14, 2014 10:21am Nov 14, 2014 10:21am
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #935,799
- Nov 14, 2014 10:24am Nov 14, 2014 10:24am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #935,800
- Nov 14, 2014 10:36am Nov 14, 2014 10:36am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
We watch the charts from every angle so you don't have to!!