EURUSD Cultural Center

Discussion in 'Forex' started by Instant Karma, Oct 15, 2012.

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  1. out 1.2744 -30 pips
     
    #51     Nov 5, 2012
  2. i listened to the voice in my head that kept saying"get out"..

    breakdown in EUR..and coming elections...


    i keep my long in EURUSD all the way..
     
    #52     Nov 5, 2012
  3. Courage
    Patience
    Flexibility

    As long as you keep them in balance, and don't start letting one rule all the others
     
    #53     Nov 5, 2012
  4. Right..



    with 2 fairly correlated positions on..was i trying to bite more than i could chew ?....with that tiny weakness in my position, the market was able to shake my resolve.

    One must build a position like a fortress..unassailable.
     
    #54     Nov 5, 2012
  5. what were the correlated positions?
     
    #55     Nov 5, 2012

  6. EURUSD and EURCAD
     
    #56     Nov 5, 2012
  7. yeah, you and me both

    same thing for me, no resolve, over committed, or at least over optimistic

    If things don't change soon, eur.cad is next on my list to liquidate at a loss, maybe tomorrow on the close

    otherwise, you're going to get burned on that 4:1 r:r. I've never known a bracket trader to make it, especially at those rates

    proper r:r is 1:infinity

    although at 100 pip stops and 25 pip targets I'd hardly call that a bracket trade

    you're more like a swing scalper

    I hear a few on this board claim they are good at predicting a 25 pip move. If so, more power to them.

    But that is a rough way to make a living, 25 pips at a time.

    1/2 pip at a time (or even 1) is cool, anything more than that you may as well go for the moon
     
    #57     Nov 5, 2012

  8. out 1.2816 +25 pips
     
    #58     Nov 6, 2012

  9. Definitely maybe...:D
     
    #59     Nov 6, 2012
  10. short EURUSD @1.2855


    STOP 100 pips
    TARGET 25 pips
     
    #60     Nov 7, 2012
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