so far so good not sure how long I will stay with this one trading the chop so that makes me long everything (except chf) long aud.usd long eur.usd long gbp.usd long usd.cad long usd.jpy that dollar is hard to read I think it is going down Right? I could switch sides at any moment don't like any longterm commitments in here I'd just as soon be flat, but can't try to make any money that way, but if you are I respect you.
OldTime. What do you prefer about forex instead of say the 6E? Thanks for your posts, and for the record, I respect you and your time.
to be honest with you, I like forex because it is all new to me and I don't yet have any bad memories about it. don't forget 99.99% of what I post on the internet is just bullshit The number 1 reason I post is because I just flat out get lonely I don't mind helping out someone if they are going through something I have already been through it was a good night on this position for the first time, I actually have some profit targets set I'm trading a trend system in my paper account and it is just getting devestated fortunately, I correctly predicted that this was a good time to trade the chop, and I'm quite comfortable with that until something changes the good thing about 6e is there is no question about the tax treatment I started trading forex in a paper account and just seemed to be consistently making money, so I stuck with it I like it because I can micro adjust size
speaking of which my gbp target just got hit at 6044 so now I'm flat in that pair now what am I going to do? still have a limit in to buy if it goes lower maybe go short if it goes higher?
so all that leaves me with is long eur.usd long usd.jpy whcih at 1:1 makes me long eur.jpy so much for being short the dollar man, when you're trading the trend the chop looks so easy when you're trading the chop it's about darn near impossible to figure out I don't see anything out there that I want to short the dollar against so I guess I'll just sit here with my little position and hope eur.jpy goes up
I'm really getting commited to this short usd hard to sell it down here when it's already down a million bazzililon percent from it's all time high for crying out loud, I'm just chop trading hard to get long that AUD/USD when they need it to go down so bad I traded that ES for so many years Life would have gone so much better for me if I only traded it from the short side I don't know, I can't make a case for a long dollar, can you?
otherwise, it was a good day took a large profit in the AUD.usd took a medium profit in the usd.jpy and a small loss in the usd.cad so that leaves me long eur.usd at 2976 not sure what I will do with that, I've lost all interest in adding to a winner or a loser I think I'll just let it run, it's small enough that it isn't going to make much difference one way or the other Last time I got committed, it took me 31 years of my life, half my house and half of my trading account You don't have to marry it, but I'm not so sure this wouldn't be a good time to flirt around with a short usd You'd be surprised how much you can make getting in exactly wrong at exactly the wrong time if you pay attention to trading.