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- Protogenos replied Nov 25, 2009
Haha, I can take about 5x that move before I've risked my 1%, so it's cool. Looks like Russia decided it's going to diverisfy it's currency risk, which is what caused move
EURUSD
- Protogenos replied Nov 25, 2009
Haha, hey I'm a scalper, so I'm STILL at a profit. Still holding my small short though cause I'm guessing this will come back down
EURUSD
- Protogenos replied Nov 25, 2009
Yeah I saw that there were some big names hunting a KO at 1.5100, but come on that's overkill lol
EURUSD
- Protogenos replied Nov 25, 2009
I had to check CNN, thought a nuclear bomb might have went off in US or something
EURUSD
- Protogenos replied Nov 25, 2009
Leaving early for Thanksgiving, haha. I was hoping for a little profit taking first, but maybe later...
EURUSD
- Protogenos replied Nov 25, 2009
20-25 pips a day is an arbitrary number. With my account size I could make a really good living if I leveraged myself all the way and made 20-25 a day. As a matter of fact if you could make that everyday you would probably be a millionaire in much ...
EURUSD
- Protogenos replied Nov 25, 2009
Haha, I agree with you, but I actually made all my money today on shorting. Big move already happened by the time I got up. I wouldn't recommend this to someone new to forex though. I do a very rigorous statistical analysis every day and I only ...
EURUSD
- Protogenos replied Nov 25, 2009
Yeah that makes sense. I'm more of a scalper, but I actually place longer term trades with large stop losses every once in a while (at low leverage). Sometimes, if I still have strong signals I average down, but never more than once if it keeps ...
EURUSD
- Protogenos replied Nov 25, 2009
10k is a good lot size for your account. Having a goal is good, but what's your plan if the market moves against you? Do you use stop losses?
EURUSD
- Protogenos replied Nov 25, 2009
It ranges that high, but close to close is about 120 pips on up weeks and 80 pips on down weeks since July. Volatility has been pretty low.
EURUSD
- Protogenos replied Nov 25, 2009
Think I'm gonna sit the news out and fade afterwards whatever direction it goes.
EURUSD
- Protogenos replied Nov 25, 2009
Technical analysis and trendlines. I use some fundamental models I've developed, but they are for short-mid term trading. I don't attempt any long term stuff like 8-12 months, maybe minutes but not months haha. Do you mind my asking what type of ...
EURUSD
- Protogenos replied Nov 25, 2009
I learned last year that it never has to bounce. I don't use fibs, but I can pretty much guarantee that they are worthless by themselves, and truthfully, if you're a long term trader I don't see a single reason to be in the dollar. What are the ...
EURUSD
- Protogenos replied Nov 25, 2009
No move = good scalping for the day. Since we've already had a decent move up I'm biased to the short side. Gonna play the BBs til they stop working.
EURUSD
- Protogenos replied Nov 25, 2009
Out at +7 cause close to lower BB. Will reenter one BBs widen
EURUSD
- Protogenos replied Nov 25, 2009
I'm going short right now too. I haven't found MAs to be all that useful, especially on the 5 minute, but daily and hourly charts have reached BB, so expecting a short term rebound. Closing if data is euro positive tho
EURUSD
- Protogenos replied Nov 24, 2009
The magnitude is not always the same, but the direction usually is. Not saying euro will make a new high, but it did just penetrate the hourly TL and it's coming off a bounce of the daily TL...
EURUSD