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altrader replied Mar 10, 2009Oh boy, you're right. I got it backwards lol. Risk aversion = USD getting stronger. EUR/USD getting stronger currently = Less risk aversion. Less risk aversion = stronger dow and s&p500 I'm so used to saying USD rallying lol.
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altrader replied Mar 10, 2009at least in the short term (as in just for today) whatever he said should be a negative for equities since the dollar is ralllying like this. Do you agree?
EURUSD
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altrader replied Mar 10, 2009I'm working on a scalping strategy. It can work. It's been done before by others. edit: Check the link below out. url
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altrader replied Mar 10, 2009

Arrrrrrrrghh I really need to scream into my pillow for awhile. Don't mind me. 

EURUSD
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altrader replied Mar 10, 2009yeah lack in volatility is ok but for me it is more the change from what i was used to. Anyway I'm working on a BollingerB strategy on the 5min time frame. It's proving to be frustrating at the moment and yet I will persist.
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altrader replied Mar 9, 2009definitely got to be careful as a scalper. Money Management is so crucial. All those people who would harp on about it on and on were right. Wish I didn't have to lose money to realise it but ohh well, I didn't lose much compared to the potential ...
EURUSD
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altrader replied Mar 9, 2009It doesn't bother me too much but I guess I'm just too used to those big 50/100/200 pip moves now lol. I'm working on a intraday scalping strategy on the 5 minute time frame now so i was hoping to take some bigger pips but ahh well.
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altrader replied Mar 9, 2009ahh ok cool, thanks again. I'll definitely try this out. I'm not sure how I missed this

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altrader replied Mar 9, 2009Don't think it can be done in Oanda--which sux for me
I still like Oanda though 
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altrader replied Mar 9, 2009Also read though this link if you haven't already done so--it is critical information. url
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altrader replied Mar 9, 2009great point. Thats what I was doing when i was trading live as well.
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altrader replied Mar 9, 2009Hi everydaypips Please, be patient. I have pretty much blown my first account and lost about $1700 I hate to admit that but i will/have. Anyway the penny has dropped with regard to money management and cutting losses as soon as possible. I recommend ...
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altrader replied Mar 9, 2009yeah my bias is always dependand on the day. if we are up on the day then my bias is long. If we are down on the day then my bias is short. Having said that, what happens at the weekly pivot is meaningful. Usually though i've noticed that there is ...
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altrader replied Mar 9, 2009hi driver55 and that also is very close to the weekly pivot at 1.2619

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altrader replied Mar 6, 2009just as a side note we should be heading down over the next few hours. nice big double top on the 1hr time frame. if we get a close below 2641 on the 1hr time frame, then expect it to go down a fair bit. probably down to 2600 at least.
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altrader replied Mar 6, 2009Yes, I like to hear that. I mean, sure I feel for the guy/team who lost all that money. BUT it makes me realise that trading is a tough gig for everyone--even the so called big traders. Makes me feel pretty good about my learning curve as an ...
EURUSD