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plan-b replied Aug 13, 2009Currently being held by 50% of last weeks drop from 1.4448 If 1.4270 gives way next stop will be 1.4310
EURUSD
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plan-b replied Aug 12, 2009It could happen but that would have to crush many walls on its way there. I suspect post fomc bulls will be contained at 1.43-44 area before a dip towards 1.40 i have closed my long at 1.423 for 80 pips, will look in from the sides but 1.43 might ...
EURUSD
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plan-b replied Aug 12, 2009took profit on half my position at 1.42 and left a limit order to close the rest at 1.425 After that i stand aside and watch, might start shorting the pair at 1.43 averaging two or three times all the way to a stop at 1.4460
EURUSD
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plan-b replied Aug 11, 2009Morning greetings from sunny Africa, Seems like i didnt miss much in the last 8 hours of sleep. Obama and Soros seem to think a bottom could be in place and if Berny shares similar sentiment then we could see an increase in risk appetite, money will ...
EURUSD
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plan-b replied Aug 11, 2009True It is crucial to have a point where you cant stay in the trade anymore,no matter how confident you are about it. I will average once or twice but get out at around 4% draw down.
EURUSD
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plan-b replied Aug 11, 2009Leverage is the number 1 account killer. Once that is understood clearly 90% of the job is done. Account size does not really matter, what matters is the bet relative to the size.If new to trading you should use 1:1 gearing example:if you have a ...
EURUSD
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plan-b replied Aug 11, 2009see saw? stress?? I find today has been rather slow, the stress is most likely caused by betting what you cant afford to loose. In other words you are mostly likely highly leveraged relative to your account size. I bought 1 lot yesterday at 1.42, ...
EURUSD
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plan-b replied Aug 11, 2009Something to chew on. personally i'm average long at 1.415 hoping to collect at 1.425 url
EURUSD
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plan-b replied Aug 10, 2009this is what i have..seems like usd is preety much contained image
EURUSD
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plan-b replied Aug 10, 2009Maybe you didnt catch my question, what is the us index reading right now? I need a figure please
EURUSD
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plan-b replied Aug 10, 2009Forgive my asking, but where is it right now? I have a chart saying 78.89
EURUSD
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plan-b replied Aug 10, 2009In my opinion only below 1.40 should worry the bulls. Dollar rallies should be sold, with above 1.47 as potential target
EURUSD
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plan-b replied Aug 10, 2009good stuff In today's volatile markets i find stop loss to be a very wasteful means of risk management especially when placed very close in order to allow use of high leverage while trading both ways..You essentially keep giving back to the market ...
EURUSD
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plan-b replied Aug 10, 2009I gave an example of WHEN price goes against you, that does not mean it will especially if you are on the right direction..I went long hours ago at 1.42 and so far so good, but since its a small position relative to my account and 200 pip movements ...
EURUSD
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plan-b replied Aug 10, 2009Explain to me how my account will shrink to zero if i have entered long with 1 mini lot at 1.42 on a 10,000 account And if price goes to 1.40(200 pips in the opposite direction) i'm still in long at 1.41 with 3 MINI lots Again efforts should be put ...
EURUSD
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plan-b replied Aug 10, 2009I'm not saying you will not feel pain(as is the case with any system) but if you have read the trend well and use low leverage the account has a higher chance of survival and growth than when you trade both ways with high leverage especially for ...
EURUSD
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plan-b replied Aug 10, 2009Newbies,try this at home! — Open chart, preferably H1 and above Determine the underlying trend.(Currently up in my opinion) Enter 1 lot depending on account size eg if account size is 100,000 you buy 1 standard lot @ 1.42. If account size is ...
EURUSD