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Posts by "givemethebill"
320 Posts Total by "givemethebill":
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Posts by Anonymous "givemethebill":
@Dave: am not crazy enough to let my ego crash my cash. Thank you for your thought. I do take regular profits with multiple entry levels. E.g. I took profit at 1.3990 23rd May - since then no trade until 2 days ago. If Eur goes to 45-4600, I will be in for another short again. I diversify - not solely on derivatives trades. At times 100-300 pips, I will take profit and re-strategise following the trends sometimes PATIENCE is needed. Aren't u shorting EUR/USD at 4500 level ?
At 1.49, most people would agree it would hit 1.50 mid May (that did not happen) It's not easy to point details. I am just looking at it macro perspective. Politically, Germany and other hardworking nation throwing money into this black hole (PIIGS). Do u want your govt to do that to you? Even if it works this time, crisis will be worse off next time. This applies to the USD too. Doesn't take genius to short when it's too high or long when it's too low.
Let me know if you have some trade ideas, I will want to learn new things from you and the rest of the traders in this forum. 1.38 was derived from the daily channel support