posted
This looks like it should be a good time to short it. Over the past few hours it hit resistance at 1.3045 area. It looks to be heading down. Next short-term support area is near 1.3005. I may wait unitl it bounces or goes through the support to short it.
Squire38
posted
If you shorted yesterday, the you would have gained min of 30 pips. With 100:1 leverage $1,000 would have gained you $300. I covered my short and went long on this dip at 129.85. Up $100 in the last 15 mins.
IWISHIHAD
posted
Where i am having the most problem with trading the currencies is trying to guess where to place stop losses at, if i put them to close it seems to shut me out, then run, if i put them to far apart it seems like they go in the wrong direction and keep going till i get out, this wide spreads make it hard, i am still learning, lots of action in a hurry in these things, can sure eat you up if you play wrong.
Squire38
posted
Who are you using as a broker. Mine suaully only has a spread of 3, maybe 4.
Another thing I do is only play 10% of what I have. It allows me to average down if I need too. After a few weeks it gets a bit easier. Take two months and play around with it, find what you can and can't do.
BTW lately USD/JPY has been too easy to predict. Check out its 15 min, 1 hour, and daily chart. I'm sticking to the 15 min one lately.
Hannibull
posted
EUR/USD is now over 1.35 O_O what do you guys think will happen? I'm thinking of buying some Dollars with Euro's, and this seems like a good price, do you think it will go even higher?
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