Yea I think I'm being more of a "swing" trader, at least thats where I make more money, on the big moves. I got sick of getting stopped out on the up and down moves one a day's 100 point gain. 30 pt+ stop loss isn't to "crazy" for a swing trader correct..
I'm going to wait for a pull back then buy in. Whens the news? -Looks like it has run out of steam stuck in the 50s - 60s
50 seems to be holding up OK so far. The pullback volume was relatively lower so I'm expecting at least one more shot upwards.
Thomson reports: "13:36 EUR/USD: Greenspan Uncovers Our Dirty Secret] Boston, November 19: The passage that strikes closest to home from the Greenspan speech was the line about forex forecasting being about as accurate at a flip of a coin. Now that our secret is out, we can turn to the substance of his remarks. He makes clear that he sees the current account deficit as unsustainable, a stance the other members of the FOMC have been harping on for the last several months. He does not see a crisis as imminent, however. EUR/USD has firmed to 1.3050 after his remarks. An expiry at that level is seen this morning, and may help limit the upside trough 15:00 GMT."