2 cents.
You must combine your stops with your money management plan.
How much are you willing to risk per trade (%). Does the volatility in your chosen instrument exceed that?
Wiggle room.
Definition:
It's not your favorite dance club.
David
:D
EUR/AUD
Closed the trade at 1.9530. It may go lower but 15-plus hours was way too much for me. Plus 101 pips, price touched a support line. I'd like to say I had a REAL method for that trade, like "I saw the bacondoubledoji mushroom cloud formation....
Cable,
Thanks again for that...
Up early. Had some light snow overnight. Should probably buy my ski pass before the price goes up....
BTW
Hey Cable,
Thanks for that f'n heart attack on the EUR/AUD!!!
Big volatility, huge swings.
That may not be for me! Maybe.:)
They were on Wall Street Warriors last year, interviewing someone. The FXCM offices looked cheap.
I like their charts, though.
Regardless, I'm with Yolanda. Can't pronounce Oanda:p
Had to work most of the day.
Managed a couple quick scalps in the morning. I was a little wary of the 7 pip spread, but the pair moves pretty well, trending down in a nice fashion. Spread is now 20, must be too many riders on the bus?:confused: