Sorry to hear Alejandro..
I was also playing with the idea of shorting euro..it looked tempting.. but.. there was something that took me away of this trade.. my system didnt meet all the requirements that are needed to enter the position.
I think all the work I´ve done building this system in the last 6 months is worth it.
everyday watchin the charts 12 hours a day.
And finally I made it..
I wish I have more money to invest damn...
still very long way to happiness I need to go through.
I wish I could work as a trader at any trading company for a while to make some funds...
Do you know any hiring such young traders as I am (21)?
I got permanent profits (min 200pips monthly)
Perhaps you pressed ignore button for my posts. Just go back and see... it. I had warned to be carefull for shorts in eurusd.
Not my business... but it seems that most here are implying you are trying to sell your system.. I have not read most of the happening, but is it true.......
well....... good luck to you.. but I think you will find it hard going forward..........
small short in on aud and eur.. aud 9917-21 is resis...
laterzzzzzzzzzz.
GL..
and banked NZD for 118 pips............
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Practically every country in Europe would be better off biting the bullet and exiting the common currency immediately, like, this weekend would be better than next weekend, and months ago would have been even better. The experiment was a bad one; in our vocabulary what should have been their "stop-loss" was exceeded quite some time ago. Naturally, no country is going to exit the euro soon; the Greek voters would prefer to stay in (polls show ~75% in favor of keeping the euro) even though they don't want to do what would be necessary (wisely; the terms they are being asked to meet would be fatal to them). As Mary said a while ago, exiting the euro would look to Greeks like an admission of failure and a blow to their national pride, so they will try to blunder along as long as possible.
The bottom line remains the same: EUR/USD must go below 1.225 and stay there for Europe to survive. The ECB needed to prevent the run-up in the summer of 2008, to avoid the dire consequences that still have not been dealt with; every month since has done further structural damage, and damage takes longer to repair than it does to inflict. Draghi wants to shove the exchange rate up 600 pips. Is he nuts? Or does he have some financial stake in the disaster? It doesn't really matter which, anymore; there is no process for removing ECB board members (well, there's assassination, but that wouldn't do any good since they would just be replaced by others steeped in the same culture). So the market will be manipulated to prevent any further large drops in the near future; the economic contraction will therefore accelerate throughout the summer, probably taking Germany down as well. There is no political solution.
Mr. Eckert, I admire your tenacity in holding on to trading based on your views on 'fundis'. But, seriously, I don't think exchange rates naturally gravitate towards, and never mind staying at, trade weighted 'fair value'. And what is fair value to one can be very unfair value to another. The sooner I forgot all that I'd learnt in economics and finance and concentrated on charts, the better a trader I became. At the end of the day, I am in this business to make money, not to be 'right'. Market is Mr. Always Right.
It’s better to lose a bit then to lose too much. - just got stopped out of my EUR/USD short.
Sorry to hear about that, Alejandro. Am pretty sure you'd catch those lost pips in no time at all. I was with you on that short ride and closed my position before Draghi's speech. Also, took some small positions on eurjpy/eurgbp for that quick southbound ride. Reason for not holding the short, the FULL MOON. Good thing, I saw that post ( and from Greg's) which reminded me that I have to respect nature's cycle no matter what technicals and fundis are pointing to. Been observing this pattern. It may be a trader's myth but I am glad I finally succumb to the Lunacy influence
To make more money... I dont think poors are trading forex. Everyone needs more & more money. That's it.
your best market is probably the newbie out to blow some money - they will not yet be aware that trading is 1% system and 99% trader
joe blogs, new to trading, will screw up they very best and most amazing fool proof system
experienced traders don't need to purchase a syetem as they should be able to make any proven freely available system work - should they get bored of their own strategy
good analysis is easy
making money from your analysis is a whole new ball game
big difference between developing things and selling things - but again - best of luck
I know salesman can sell any dummy things. But Genuine Things don't require the skills of salesman. Genuine Things get the offer and not offered. they dont need to hire salesman. Thanks.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Originally Posted by Allan Tuscany
Sorry to hear Alejandro..
