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Very usefull information for me atleast
To be honest, our users face it first time, so thanks for the help.
atleast i know it has nothing to do with my computer being unsafe
Quote:
EU is back, too bad, i have three big sell trades, more than -200 pips in total
oh man! that should have hurt,my trade was closed at +100 when the news was strenghthning the dollar, i therefore hit my stop, which btw was a trailing stop. the loss you made suggests you are'nt one of those traders who jump around at +20, if this is correct you should have Sl's in place, and if you did actually hit an SL at -200 that to me is bad money managment. My strategy is based on an initial stop (which ofcorase is in neigitve pips) and it is purely based on the charts. i look for the nearest support/res level to rest my SL at. the next step is to move it manually as the position progresses starting off with moving it to a breakeven at +25, then if i am around the pc i keep a check on it or else i just trail my stop at +25 on the regular pairs and +35-40 for the volatile ones...
try not to set SL's too tight nor too loose to end up in a situation like above.
I sell EU at 1.5610 today, and waiting for my big profits, anyone here selling EU with me?
not me atleast, with su much of usd news around i am well on the sidelines, Eu already gave me more than 200 pips in these 2 days i don't need to demand anything more from this pair...best of luck with your short...
not me atleast, with su much of usd news around i am well on the sidelines, Eu already gave me more than 200 pips in these 2 days i don't need to demand anything more from this pair...best of luck with your short...
this just my opinion, after i read few economic reports from US, i am waiting to find entry point to long at EU too.
The Federal Reserve, as expected, held monetary policy unchanged at 2% when it announced its decision shortly after 2:00pm. However, the vote to leave rates unchanged was not by unanimous decision with Dallas Fed President Fisher voting in favor of a rate hike. Although the dollar initially jumped higher following the announcement, it quickly relinquished those gains as traders digested the accompanying statement.
then EU go to 1.57, and seems will keep strong for more days.
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