And what happens if spot takes off and goes one way, n'er to return? Your one account hits a margin call? How do you make money when that happens? Let's just say it takes off in one direction and you don't close your position, but leave it open as you sweat and sweat - but after an 8 month period, it finally comes back. You've locked that cash up on that trade during those 8 months while you were praying - and you could have made so many other trades during that time. I'm really interested in how you see this as a viable trading strategy.
You started a whole thread bearish USD, and you sold your euro at 1.2520? Dude you missed out! Oh yeah, how's the short doing on the other account?
It's difficult, being happy and sad at the same time. BTW, nice blog, Illiquid. Never knew you ran a blog, mate!
Ugh that thing. Just something to keep myself honest with a consistent reminder of how easily I f*ck things up Very prescient post btw Ivan. Today is just one of those days "trading to never be wrong" gets it's ass handed to it.
TP hit @ 1.2520. Money, money, money. *yawn* ... Current = 1.2563. Always close into strength. LMAO FX PS: Any of you boys make any MONEY on the upward spike? No? Can't you do anything more than post stupidity? That's what I thought.
I did. And still long target of firt lot 1.26, target of second lot 1.28. My stop loss was 4 pips away from the bottom, was a close one.
Great trade, Chafro! My question was not directed to you, it was directed to the resident star posters. Best, FX 1.2557