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Galation replied Feb 3, 2009My money management is: Pip Value = Account size/5000 Therefore, if I have 100,000 in the account, that would be $20 per pip. Thanks for your input mate, your time is valuable, everybody eppreciates it.
Psiholog's EUR/USD trading style
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Galation replied Feb 3, 2009Just opened hedge position Buy EUR/USD Buy USD/CHF @ EUR/CHF (Day -0.38% divergence)
Galation's Trading Log
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Galation replied Feb 3, 2009I'm not going to do any more trades for today. I have just made the trade based on the daily divergence between the EUR/CHF (Day -0.38%)on the EUR/USD and the USD/CHF. Trading volume isn't as tasty now: but still pips to be made!
EURUSD
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Galation replied Feb 3, 2009I just opened a EUR/USD & USD/CHF hedge, on the daily divergence of -0.38%
EURUSD
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Galation replied Feb 3, 2009My guru says look for support at 1.2918. Then a potential bounce off that area. Just watch the price action around these areas and you will have a good idea of where it's about to go.
EURUSD
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Galation replied Feb 3, 2009I haven't written in my log here for a while. Today has been quite a healthy day with a net of close to 400 pips. Traded on pivot points, resistance, triangle breakout and pure price action.
Galation's Trading Log
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Galation replied Feb 3, 2009We shall see. Fading breakouts are popular amongst the big boys.
EURUSD
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Galation replied Feb 3, 2009It will probably break through the 1.30 level, maybe go up 20 to 40 pips, then fall back down below 1.30 as a false breakout.
EURUSD