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- 388 Results (365 Replies, 23 Comments)
- scottik187 replied May 26, 2015
Take a look at weekly and monthly charts.
Is anyone going long EURUSD and GBPUSD?
- scottik187 replied May 26, 2015
Find yourself a mentor/someone to chat with about trading. I'm not exactly and expert, but I've been at this for a while and am happy to help if you're serious about learning a method and actually putting in the effort.
Much of Forex talk is illusional esoteric talk
- scottik187 replied May 26, 2015
Not only how big the whole market is, but how big the players in it are. Imagine you're a hedge fund and want to take a $1billion position short the Eur/Usd, but only want to short it above 1.1250 because that's good value to you. You need to find ...
EURUSD
- scottik187 replied May 26, 2015
Thanks for the support. And in answer to what you wrote: retail traders aren't the masses at all, institutions are the masses. We are the little guys who ride on the coat-tails of the big boys or get steamrolled trying to stand against them. A pair ...
EURUSD
- scottik187 replied May 26, 2015
Still short and holding, as I've been saying for a week now, up 400pips on initial position, around 700 in total with adds. Still holding, this may consolidate (which would be good), but I'm saying it again, I think yearly lows are going to happen ...
EURUSD
- scottik187 replied May 25, 2015
If trading is like boxing: You can be the guy who throws the biggest punches, knockouts opponents and thrills the crowd. Has a few good fights but fades away as he loses his speed and takes too many hits to the head. Or you can be Floyd Mayweather, ...
Attack vs Defense trading style
- scottik187 replied May 25, 2015
Did see that ... we will find out in the coming weeks/months I guess. You'd want to see whoever held the market there last time to do the same again, otherwise I think we're heading to parity.
EURUSD
- scottik187 replied May 25, 2015
Who would honestly buy the Euro here against the dollar? I'm not talking you and me with our tiny lots speculating on price movement, I'm talking about institutions, hedge funds, pension funds, corporations and countries ... who's going to buy the ...
EURUSD
- scottik187 replied May 25, 2015
I see your point, maybe a buy between now and 1.09 will get a pulback and some pips. Long term I still see it falling further, thus I prefer to sell on retrace.
EURUSD
- scottik187 replied May 25, 2015
But why are you long? I really can't see a reason, and I'd like to find one
EURUSD
- scottik187 replied May 25, 2015
Exactly. Longs around 1.10 would have had their stops ran today.
EURUSD
- scottik187 replied May 25, 2015
Agree. Although I do think that it might consolidate a little under the 1.10 level (as I'm typing it's dropping like a stone, but it's the Asian session so I take that with a grain of salt usually).
EURUSD
- scottik187 replied May 25, 2015
Holding shorts from 1.129, 1.119, 1.1165, 1.1130, and will continue holding until something changes. Yesterday may as well have not happened, will keep an eye out today.
EURUSD
- scottik187 replied May 25, 2015
It's good to get around FIFO, but it's also a good way to improve your discipline and strategies. Anyways, this is kinda off the EU topic, PM me if you wanna chat more.
EURUSD
- scottik187 replied May 25, 2015
The amount of times I've seen capable trader friends of mine make 15-20 good trades in a row only to see them disappear because they let a loss run is too many to count. Just define the risk, stick to a method/strategy, and wait for it to come to ...
EURUSD
- scottik187 replied May 25, 2015
Open two accounts, use one to trade longer term and the other to scalp. Two accounts, two different strategies.
EURUSD
- scottik187 replied May 25, 2015
I scalp for "income" as well as trade longer term, there's a couple of way of going about this. For scalping, I set myself a hard stop and TP, and let it hit either of them. I never let a loss run. Sure, it may hurt to take those pips as a loss, but ...
EURUSD
- scottik187 replied May 25, 2015
With the problems of Greece intensifying and the impending increase in US rates this year, do you think there's any basis to be bullish on this pair? Technically, perhaps, but looking further ahead than a retrace, I think it's going down. I'm short ...
EURUSD
- scottik187 replied May 22, 2015
I'm on the bearish. Big volume sellers at the 1.1170 res, added a another short here yesterday. Playing for a far longer run down, this is a good place to add if you like the short.
EURUSD