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- cloggie replied Dec 11, 2009
You are right, either I was dyslexic or they corrected it. 1.2 ex auto it is
EURUSD
- cloggie replied Dec 11, 2009
Here we go another Friday and another retrace. These numbers were good today, the dollar has no choice but to strenthen based on this news. I am not normally a newstrader, but cannot resist taking a punt on a retrace here. 4625
EURUSD
- cloggie replied Dec 11, 2009
If you exclude the cash for clunkers effect, sales only rose 0.4%
EURUSD
- cloggie replied Dec 11, 2009
Surprisingly good numbers coming out of the US, the dollar may strengthen based on this, lets see what the charts tell us.... 4625 here we come
EURUSD
- cloggie replied Dec 10, 2009
It was a basic interpretation of a fxbook account, his trading history shows a 68% win ratio, his account is drawn down 65% not because of his trading style but carrying losing trades beyond a reasonable r/r ratio, so the percentage does hold up, ...
EURUSD
- cloggie replied Dec 10, 2009
I took a brief look at your fx book and notice the following: 1. your r/r is way out of wack, you have one trade with a SL of 500 pips and a TP of 30, this one you closed for a 331 pip loss roughly 18% of your balance, that is 10 times greater then ...
EURUSD
- cloggie replied Dec 10, 2009
Averaging down to protect a loser is not going to work, buying on dips because your long term view supports this is all part of a strategy.
EURUSD
- cloggie replied Dec 10, 2009
Trade gap narrowed; the cheaper dollar is having an effect on the US economy.
EURUSD
- cloggie replied Dec 10, 2009
Adding to a loser so it looks better on paper? Just cut it loose.
EURUSD
- cloggie replied Dec 10, 2009
The big push for this weeks direction will be tonight's news, if the industry numbers from China come out better then forecasted it shows that the Chinese economy is growing despite the cheap dollar and that could give this the impetus to move us ...
EURUSD
- cloggie replied Dec 10, 2009
The biggest news today will be the Chinese reports due in a few hours.
EURUSD
- cloggie replied Dec 10, 2009
Wash and rinse, take your longs from 47, for those having a bearish view take your short, we will meet again here tomorrow.
EURUSD
- cloggie replied Dec 10, 2009
on the wire, GS big boys getting their bonuses in stock not cash
EURUSD
- cloggie replied Dec 10, 2009
And as long as the China economy is recovering, they are not hindered by the cheap dollar and will continue to buy up T-bills. There is no way the dollar is going to reverse any time soon.
EURUSD