No, Waiting is better, I'd rather be on the sideline wishing I was in than to be in wishing I was on the sideline
lol, good point! ....but you gotta be in it to win it! Money-saving tip #563 for the 95% Club.....just don't trade, you'll save yourself a fortune!
Money-saving tip #563 for the 95% Club.....just don't trade, you'll save yourself a fortune! [/B][/QUOTE] Lol!! Intraday trading in the FX market has been hard, very very hard for me! I do not do it anymore I now do 2-5 day trades, less stress and more money
To each his own, whatever works for you. If your personality yearns for daily fixes then its ok continue with it and make more money for yourself. My frustration was due to making a lot of pips and giving them back by the end of the week, and repeating the cycle the following week.. very frusstrating it was just not working for me.
ahhhh eurgbp getting wrecked by the gold move!! Why would Russia announce they are going to sell 20 to 50 tons of gold? seems really fishy have they done it? or do they want the markets to think they will do it to reduce prices for the time being?
Open 2 Lots EURGBP @ 91.10 LONG Stop @ 90.90 (breaks recent low) Limit @ 91.60 (200EMA 5 min approx) Wow what a day Technical breakdown? (I don't see any) News driven breakdown? (Gold and Russia's intent to sell) Whatever the case check my chart 23.6% and 61.8% Fib retracement levels almost coinciding is no coincidence in my book ... I am going long with a short stop of course, since it might be too goo too be true
As far as I am concerned today move looks like the final part of the 4th leg (Elliott wave). If that is the case I don't see any reason why it should reach 95 and/or parity.