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    • mry2001 replied Jan 13, 2013

      Shiko, It is better to trade on 4H charts and set a smaller stop loss because 300 pips stop may hurt a lot if your leverage is high. Imagine stopped out 3 times in a row. Big movements only happens one or two times a year so trend followers have to ...

      Trading EURUSD only
    • mry2001 replied Jan 12, 2013

      There is no need to stop at 200 pips. It is better to let the profit run until a reversal. 200 pips can not even cover one stop loss. If the winning ratio is 50% then u are losing money. For making a profit, you need 500 + pips on a winning trade if ...

      Trading EURUSD only
    • mry2001 replied Jan 12, 2013

      I will follow the charts. If you buy euro with real money, there is little difference between 1.30 and 1.33. I think pips is created for alluring retail traders and big boys do not pay attention to it. In last a few weeks, I was stopped out ...

      Trading EURUSD only
    • mry2001 replied Jan 11, 2013

      I also missed 90% of jpy move. Only got 150 pips and closed out the long positions one month ago in the fear of fiscal cliff that might weaken usd dollar. Hope e/u will make up the pips I missed. I quit the stocks before there is no much work to do ...

      Trading EURUSD only
    • mry2001 replied Jan 11, 2013

      I have never seen eur moving like this. But what do I know? I only traded stocks in last 2 years and just came back to forex. Someone on dailyfx predicts that eurusd will run to 1.41. I believe that!

      Trading EURUSD only