Yeah, best of luck JSS. Lucrum. I'd like to see you start a journal too. I've seen you post trades in 2-3 other ppls. Why not start your own? It'd be pretty good. Im not criticizing, just curious.
Yep; I definitely think this Euro looks heavy, especially against a dollar which is gathering a bit of momentum. Dollar seems to be getting stronger across the board; and I think a test of 1.38 area is what traders want; to see how it reacts at that area.
I'm honestly flattered by your suggestion. Back when I was doing stock index futures I participated in the ET futures chat room and posted on the P&L thread in the journals section. The chat room fell apart mostly do to non trader disruptions. And I'm not a big fan of the Journals forum moderator. I'm only doing nickel and dime FX trades now anyway, while I focus on my life long dream project. Most of my trades are too short term to be of any real use on a message board. A chat room maybe.
Sold EUR/USD earlier, this time of night I figured I'd get stopped out for a minimal gain. So far it's working out though. My trading strategy/philosophy is to put on a position when I perceive the market is likely to move in a direction based on very simple price action. Soon after showing a gain I place an at or near break even stop. IMO I don't really know what will happen for more than a few ticks or so after I enter. If the market runs in my favor great, if not who cares.