Yep, it's a major fundamental factor. Besides the dollar index is at its historical lows. So the upside for dollar is much bigger than downside. As you said it may retreat 100 pips but overall my bet is with dollar at least til the year end.
for me does not mater the type of the investment, if you dont place the stop, forget about wining in the financial markets
It depends, i have a trading system and i trade accouring to it. Fr example as of now the stop fpr EUR is 1,1950, for EUR/GBP ....70 etc
Hi, my first entry was at 1.2090 and i got out at 1,2200 and today i have bought the Euro on dips and i got about 70 poits out of the Eur.usd for today.
let's see, 110-points on your 1st trade... 70-pts so far today. dude, that's excellent trading! let me ask you, you doing this on a system of any kind or just by 'gut feelings?'
trading only with a system, also i should say that i try not to get in before the figures are released. now i'm short USDJPY @ 112,70, STOP 113, 80. also i,m long usdcad from 230.
As of now i'll be looking for 111,10/20 however i should say that i'll try to come out it 950/40 area does not hold for the Eur.