yeah, so much for my theory "Nothing happens before NFP" I'm usually wrong 50% of the time, but somehow I survive because I'm not ashamed to admit it
That caught me sleeping. Didn't expect that got screwed by news i guess shoot Short another 1/4 lot @2751 Got one more 1/4 lot left if i need it
I guess this what is called a temporary drawdown..I understand every trader will have them just stay patient work thru it
My game plan to get out of this is to chip away with 1/4 lot shorts and covers when meeting resistance. I'll hold the half lot from 2707 in mean time while getting even. Makes sense?
Didn't read the whole thread, but if you've only been simming then you're obviously in for a bad surprise. Try mini lots ($10,000) until you're consistently profitable. That's about $1/pip EUR/USD, and it gives you a true indication for slippage, etc...
Got to be very careful where I fire off this last 1/4 lot because after that I am defensless. @low 40's plan on covering that first 1/4 lot. That will give $25 or $30 of it back, free up another 1/4 lot for more shorts above. That's more of the plan but hinges on getting to 40 first