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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
expecting retrace to come soon... as long as we don't see weekly close above 3700 or USDx clearly below 78... break back below 3500/20 would likely confirm... for pullback to 3200(or possibly 3050)...
You can also play it safe by putting stop loss above the previous daily 85.65
This forum seems to be coming alive :-)
left for the long and did not have to use it because the 4 hr did not stop it and the 1 hr. kept its level on 21sam well enuff.
those close calls are something, but I could have stopped out waited, entered later, lost a few pips and spread...no biggie..as long as 1 hr and 4 on same page "I'll be there"
also going with the weekly trend now magnetic pull :)
whatcha trading?
occasionally the inv/dir proportion will turn and can produce a two way loss..maybe 10% of the time..
but also it will turn and produce a two way profit on both 10% of the time, both unprdeict..so not to worry but you have to be in the market to capture all scenarios, of course, bu all the time to capture all scenarios, of course. Lately,
correlations have been unpredictable, with bankwoys doin their thing, etc..
so there are many rules of thumb and ratios of the weight of each side depending on this and that..
when I commit to decent size say starting at 8-13
lots per side then utilize a pair system to minimize risk, which it does very well..
it bigger accounts less ror %,,becasue of the validity of hedging at these levels..(flat tail I think the call it in portfolio managment) so my momentum method can alert to exhaut and turn areas whoch is what it is about + risk managment..
P.S. long eurusd and long usdchf is in fact long eurchf which on its hand is sitting above some minor support levels.
Ignore, I follow your comments. I thought the consolidation on the 4hr last thurs might have been challenging.
no drug testing!!