in my defense, the spread on euro was about 0.8 pips. but yes, if the cost of trading is high relative to the amounts we aim for, then we are at a disadvantage. so what u have written is correct and a reminder. (having said that i shorted crude with a 3 tick stop and made 10 ticks on it earlier )
You escaped by a hair last evening from a haircut. EUR/USD now at 1.3410 area. I am starting to like it as a short, particularly if Visaria were to become bullish bewteen 1.3410 and 1.3420 . However the reward does not look good so far. I miss the fast big moves. Now at 1.3408.
Disagree about the haircut, there was massive resistance at my target 1.3345, just check it out on a chart. My only annoyance was that i should have reversed, but for some unknown reason my provider closed down forex trading at 12am UK and then reopened about 5 mins later!
well spotted. so it went up, found a high, tried to beak down a support area, and below were some huge buyers. now would the safest safest safest trade would be a short sell order below around 0.8370, and a tight stop
Absolutely, a close at or below 0.8370 could be considered as a serious and valid short signal, with a first target around the 0.8350 area. Personally I am considering the long side at 0.8380, but the upside potential is rather limited (serious resistance ahead....).