Weekly Thread: Sep. 1 - 5

Holding three positions against dollar...thats about it, I open no more than 3 position at one time. Overall risk is 8.75%, objectives raward is 24.61%

Good Luck everyone,

Rezo
 
Interesting developments. I got stopped out of my long position, and decided to enter the short.

Interbankers must have been gunning for stops that were around 0890/0900.

Interesting times for the EUR. Still looking very oversold, but as per usual price dictates, not indicators

Ryan
 
I think if it goes through my stop at 10860 we are going to test recent lows again. My stop not hit yet, but is very close. It doesnt matter. Statisticaly, even if this one gets hit and we reverse afterwards, I get to ride the way up anyways...its trading - you get stoped, and you get targets... whats improtant is to try keeping profits bigger than stops.

Regards,
 
euro stopped also. May reenter later today. Maybe lower, maybe higher. Lets see where this move is heading. Another possible trade - short usdjpy as posted in first weekly post.

MTD: -6.12%
 
Quote from RyanG:

Interesting that the move came before London opened!!!!!
More...
Well, institutional traders dont always look at opening bell...unlike stock market, they can enter forex whenever they want.
 
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