lol. good one OT. I still have no idea what the hell you're doing. I can't quite grasp the money managing techniques per se. But basically, from what I understand you dont give a shit where it goes (not directional) and just throw a "full load" on and if it goes against you you average down till... im lost again. And yea, it was just a lucky guess. Didn't trade it. Why don't you try using options for your trading? Not sure you would have an edge there though, I think you have to be directional in some way.
no, I make a long term bet, and then just run the thing like a store so recently, I have a eur.usd store, buy sell trade but no customers force me to buy and right now I am not buying (already did that, full inventory, no more, and may soon have to start having a clearence sale) it is very rare for me to have a full load on, and it is usually the result of miscalculations on my part most times I am quite willing to buy sell or trade, just like the local pawn shop, if you hit my price, most of my customers are getting stopped out, in a bind, and will agree to my price it's certainly not a straight road up, all the risk is mine but you'd be surprised how trading at a limit with someone trading at the market can keep you even sometimes, it's just the little things
6 of one, half a dozen for me, same thing, just depends on how your mind works, and what makes you happy enough to not commit suicide man, it's a rough way to go especially when you lose more in a few hours than you use to make in a month it helps if you, or you know people who have been in business for yourself that's why I have virtually no patience for people that want a job If you want a job, why the hell would you go through all the agony of trading? and if you want a job, there is no hope for you as a trader some people are just born natural employees fortunately, even the Federal Reserve is printing money based on how many of them are failng so, until they get their head out of their ass (along with all the elite that think these born employees will never do any better than what they were born to do) there is something pretty constant to bet on.
Still the 200 days moving average of 1.2950, acting as a valuable support. We'll see what happens on Thursday with the ECB. Breaking upward 1.32 before that might represent a trap for bulls.
rate cut should cause it to break 1.2950. if it does not, something else going on behind the scenes. the short here is one of those setups that looks too good to be true so current price action smells kind of funny right now.
Better trying the long on EurGbp rather than facing the uncertainty of EurUsd. EurGbp has demonstrated the strength of the support of 0.84.
Breaking above 1.32 could also have been a bear trap. How many of you who were short, got stopped out and were tempted to jump right back in again on another short? Took me 13 days to realize 101.5 pips on my long finally selling at 1.32403. Short or long from here???? I think I'll wait till after ECB.
However, as you said, there is also the USD side of the EURUSD equation, and the USA numners are weak. The ECB decision could cause nothing more than a very brief bounce.