Daily EUR/USD trades
- Thread starter romik
- Start date
i think that a good trader knows what stratgy suits for himself and i do respect your belive in yourself.
i also dont trust no one untill he has proven to me for more then 3 months that his methood works.
eventually i am looking to have an automated strategy that works...
but i guess it will take me a lot of time to develop such strategy...
howeveri would like to here you opinion on the eur/usd because i dont think that i shuld let go of my trade i bought at 1.2967 and i believe that in few days we might even see 1.34 or more (i would settel foir 320 pips on that trade only)
what do you recon' ?
i also dont trust no one untill he has proven to me for more then 3 months that his methood works.
eventually i am looking to have an automated strategy that works...
but i guess it will take me a lot of time to develop such strategy...
howeveri would like to here you opinion on the eur/usd because i dont think that i shuld let go of my trade i bought at 1.2967 and i believe that in few days we might even see 1.34 or more (i would settel foir 320 pips on that trade only)
what do you recon' ?
As you can see I am not swinging it due to late timing of getting into FX market, I just started trading that pair yesterday. As far as my target is concerned I would expect ~1.3250, I believe leaving a trade to run higher than that is equivalent to not seeing a possible pullback around 1.3250 and since your entry is above a daily reaction low, I, personally would not hold over that price. But, saying that, I remind you that I will still trade it on in&out basis for now.
Plus you have H&S seen on 3/5 min charts at the moment, price out of the pennant. I won't short it, but will rather wait for a buy signal.
you know that this event happened exactly 2 years ago when i traded the dollar it broke 1.3 by december for christmes and went all the way untill it touched 1.3650.
i lost lots of money on that unexpected move but today i came up ready for that and bought 500,000 lot.
i want to make at least $10,000 profit from that one.
i even think of buy ing 2 more lots (200k)...
i lost lots of money on that unexpected move but today i came up ready for that and bought 500,000 lot.
i want to make at least $10,000 profit from that one.
i even think of buy ing 2 more lots (200k)...
Quote from pere:
you know that this event happened exactly 2 years ago when i traded the dollar it broke 1.3 by december for christmes and went all the way untill it touched 1.3650.
i lost lots of money on that unexpected move but today i came up ready for that and bought 500,000 lot.
i want to make at least $10,000 profit from that one.
i even think of buy ing 2 more lots (200k)...
If you want an opinion of a long term trader, rather than a newbie like myself, find B1S2 and ask him in his FX Journal, he doesn't trade cash though, so he might post his opinion on Euro FX.