I'm +11 already on that, and I'm just trying to analyse stuff. Read my other posts from last night, and you'll see why I'm taking this position.
I think it'll be volatile - but pretty safe bet that we go down to at least 1.26. I don't take position trades with that long horizons though, although I probably should. Maybe I will - but it's very tough mentally to accept that it could go -100 pips or more first. I much prefer to scalp the â¬$. And I'm +14 on the USDJPY now.
Amazing, crude oil collapses and EurUSD first rallies then pulls back. These 23 tick pullups are making me very nervous. No easy bread for Chinook these days Edit: I'm trying to trail this thing and the chart starts looking like the sideview of a porkpine sitting on a downward slope! Edit: This last pullup almost took out my stop for scaled in short.
Once through 80 (if it manages to - dollar reminds me of a punch-drunk boxer that has done one to many rounds) things should hurry along very nicely....
I love this bull/bear war lots of money to be won and lost, part of the fun I've been live for about 2 weeks and am barely breaking even but I made a college kid's month sarlary in less then 2 weeks and I feel like I haven't worked a day!
I am in your boat, somewhat. But I have made it a habit that every $200 that I go over what I originally put in, I ACH transfer it to my bank account so it feels like "real money" at that point :>
I should start doing that, do you use FXCM? That nasty $20 fee and long online thing to wire funds has stoped me doing that. How long does it take for you to get the funds in your bank account? When I was up 30% on my account I should of wired it, just to reward myself, lost some on a dumb short right before the lid being blown on 1.3. I geuss I'm doing that compound thing, but a little reward here and there can't hurt.
I use www.interactivebrokers.com ... the fee is $1 per ACH transfer which is very very cheap in my book compared to a wire. Money shows up in the bank account in under 4 days. ACH deposit into IB account takes 10 days which is slow, but free. ACH is awesome compared to wire, unless you need the funds immediately. I remember when I needed 1500 in my IB account and I went to bank of america, and within 2 hours I had the money in there...
I use www.interactivebrokers.com (/noad) ... the fee is $1 per ACH transfer which is very very cheap in my book compared to a wire. Money shows up in the bank account in under 4 days. ACH deposit into IB account takes 10 days which is slow, but free. ACH is awesome compared to wire, unless you need the funds immediately. I remember when I needed 1500 in my IB account and I went to bank of america, and within 2 hours I had the money in there... edit: like, for example, i just moved to new york, and i parked within 15 feet of a fire hydrent, and the whole shebang ended up costing me $295 .. well instead of getting upset I just told myself I'd make it back this week and then ACH transfer the money to cover the mess up :>