Could always be worse. I'm sitting here watching the moves, being right on direction and not pulling the trigger. Why? Beats the hell out of me. Sure is annoying though....
Well, you haven't lost anything in doing this, and you are learning, just like me. There is talk out there that there isn't large substantial volume behind the move upwards, so we could see a large break to the downside or upside, it is your call. I, for one, believe that we will see some slight movement upwards (based upon my system, which has signaled slight upward movement, nothing too extreme), and I will be looking to buy on dips and lock in gains (hopefully in the process will not be knocked out by SL!!!!). Happy trading. NYCDT
Baruch, About the depth of market we were posting about--you can sign up for a free 30 day trial of the X-trader simulator with Velocity Futures http://www.velocityfutures.com/ and see the same order book that I do (Velocity is an ET sponsor). The prices are delayed a fraction of a second so you probably can't trade off it but it will give you an idea of what the book looks like. P.S. I'll get to your question about trading bonds/notes on number releases tomorrow; my brain has shut down for the day.
True. I'll get there eventually, I'm sure; it's just a question of when. In regards to EUR/USD: The analysis I've been reading (mainly from www.saxobank.com) points to continued gains. Going off the shorter term, I'd say things look good at least for a few more hours. Though, who knows.
Hey Gang, WAnt to place my firtss ever live trade today!! Has anyone got any good tips for today!! LET EM KNOW CHEERS
If wee look at the 5 minute charts, All currencies have had either a big drop or a big rise. are they going to go back to the original state?
Well, there really is no solution. This instance I happened to get squeezed at my lowest point. The direction could have just kept going and I would feel good about that stop. I think that a SL is always necessary (even if it is very wide). Worldwide events can trigger some major moves that can wipe you out in an instance. Really, what is needed is entry/exit management, but no one can always be right all the time. I'm just learning and dealing with it. NYCDT
Hey Chaw, If you want to be a trader, you must make your own decisions. Or you must trade a system. Did you trigger your virgin-trade?