EURUSD Cultural Center

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i listened to the voice in my head that kept saying"get out"..

breakdown in EUR..and coming elections...


i keep my long in EURUSD all the way..
 
Quote from Instant Karma:

i listened to the voice in my head that kept saying"get out"..

breakdown in EUR..and coming elections...


i keep my long in EURUSD all the way..
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Courage
Patience
Flexibility

As long as you keep them in balance, and don't start letting one rule all the others
 
Quote from oldtime:

Courage
Patience
Flexibility

As long as you keep them in balance, and don't start letting one rule all the others
More...

Right..



with 2 fairly correlated positions on..was i trying to bite more than i could chew ?....with that tiny weakness in my position, the market was able to shake my resolve.

One must build a position like a fortress..unassailable.
 
Quote from Instant Karma:

Right..



with 2 fairly correlated positions on..was i trying to bite more than i could chew ?....with that tiny weakness in my position, the market was able to shake my resolve.

One must build a position like a fortress..unassailable.
More...
what were the correlated positions?
 
Quote from Instant Karma:

EURUSD and EURCAD
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yeah, you and me both

same thing for me, no resolve, over committed, or at least over optimistic

If things don't change soon, eur.cad is next on my list to liquidate at a loss, maybe tomorrow on the close

otherwise, you're going to get burned on that 4:1 r:r. I've never known a bracket trader to make it, especially at those rates

proper r:r is 1:infinity

although at 100 pip stops and 25 pip targets I'd hardly call that a bracket trade

you're more like a swing scalper

I hear a few on this board claim they are good at predicting a 25 pip move. If so, more power to them.

But that is a rough way to make a living, 25 pips at a time.

1/2 pip at a time (or even 1) is cool, anything more than that you may as well go for the moon
 
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