Well no-one can 'know' but the probability is that Eur/Usd will come off, you need to pick your levels to short though, no point in holding a 300 pip loss if you don't need to. 1.4860 up to 1.4960 seem like reasonable levels to scale into a short, or the better positional trade would be long Usd/Chf as it's marginally yield positive, the two pairs are closely correlated.
Whatever you trade you should never trade it without a protective stop and sensible money management. Risk is just about the only thing we have any control over in trading.
Cut losses short and get on the right side of the market is a better idea, as proved by Mr Double's latest fiasco. He's got cash tied up in margin and another 250 pips worth of losses whereas the trades I posted on Saturday afternoon are 250 pips in profit today, it's pretty obvious which strategy makes financial sense
And no, I didn't take the trades, I'm just proving a point is all.
.....although he's probably added to the trades as they've gone against him ("average down,let's make money") so it's anyone's guess how much the unrealized losses are right now. Scary stuff!
Can people like this and their followers PLEASE get away from forex???!!! And all those schmucks that flock to the "Better Trading Free Seminar" scams, too.
Please go back to stocks. I don't trade forex. I need you back into stocks, then MY retirement will be assured!
Can people like this and their followers PLEASE get away from forex???!!! And all those schmucks that flock to the "Better Trading Free Seminar" scams, too.
Please go back to stocks. I don't trade forex. I need you back into stocks, then MY retirement will be assured!
