Yup! I trade in like 1000, 1500, 2000, 3000 units. And will not exceed 10,000 units in open position at any one point. So if I am on the wrong side of the fence, I just have to wait it out - I don't keep adding new positions to average out my ...

EURUSD

Thanks! Not that I disagree with the 1.07 (not so sure about 1.12), but I would be too chicken to long this pair. I'd rather short because like you, I expect to see very low levels eventually. Short is still a safer bet for me.

EURUSD

Curious - what time frame are you talking about with regards to 1.07 and 1.12?

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I say this as a complete amateur and my view might change much later on, but at this juncture and considering how small I trade, I don't find stop loss useful. I will just end up having my SL hunted and getting my positions closed with losses and ...

EURUSD

I am using oanda. The cost incurred is just the spread. My only issue is I can't hedge,otherwise I am overall okay with Oanda. As trading is something I do "recreationally", and not to make big money, opening a 5k account is just way too much for ...

EURUSD

I can't be proud because I am still in a loss position. My original capital is $700. A did a few stupid things by cutting positions whenever they are against me rather than being patient. All those that I closed with big losses - if I had just ...

EURUSD

So much ego on this thread, and too much heat! Ok chill! Come, let me give all you big boys a good chuckle ... I started the week with *drum rolls* Four hundred and thirty dollars ... and closed the week with a grand total of *drum rolls again* four ...

EURUSD

Couldn't help myself and took a few short scalps too Closed at like 8-10pips. [Only problem is whatever I made isn't enough to cover the online shopping I did at the same time ]

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TP hit!!!!! YAY!!!!!!! now i can concentrate on my real job LOL. Also met/exceeded the target I set for myself this week, so I will probably not take anymore positions (unless itchy fingers again) for the rest of the day Green pips to all!!!

EURUSD

Price was like 0.4 pip away from my TP (1.0590) and i was hugely tempted to manual close, but i didn't, and now I can't stop staring at the screen and feel super obsessed! LOL! Nice that you can get a brand new car for $15k. Quite sure that car will ...

EURUSD

Thanks Spartan. Actually the position with TP 1.0590 was one out of 4 of my 'disaster shorts'. The opening was 1.0595 - I initially targeted a lower TP, but EU kept going up up up and so I changed it to just 1.0590. Thank god for Draghi - he is ...

EURUSD

Thank u! I think I will be patient and see what happens when Frankfurt and London comes in, then decide again. I am inclined towards holding as I think it will hit, but who knows

EURUSD

I still have one final TP @ 1.0590 does anyone think there is a real possibility for that to be hit today (Fri, am in Asia) or I should just be contented and close at 1.06 thereabouts if I get the chance to? Currently 0614 ...

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I have one TP @ 1.0605 and one @ 1.059. Let's see what happens!

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You are right. Letting a position run is super risky and there's also opportunity cost, esp when I can't hedge. The GJ episode was a big lesson learnt. I always use SL if I trade GJ after that because to see 1000pips against you was like insane. I ...

EURUSD

I do take it seriously, I do a lot of research and reading up. I try to catch these Press Conf live when I can (but sometimes the FED ones are like 3am my time). Sometimes I scalp, and then I get a bit greedy and I try to scalp both ways (my rule ...

EURUSD

Ok everytime i say this, it incurs the wrath of hardcore technical traders. I still believe fundamentals drive the prices in the longer term and EU is going to come down eventually. I do not mind holding positions for an extended period of time if I ...

EURUSD

I have closed 2 of my shorts with some profits. Still have 2 left. This is such a relief considering all 4 were super disastrous just hours ago!

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The whole of Dec15 everyone kept going parity parity ... now I am short and nobody goes parity parity! I hope I am in the right direction, I just want to be out with a profit, no need for parity for that to happen!!!! Give me 1.06 pls! ...

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I'm still in! It's good that you left the ship with profits - i am hoping for the same for me too!!!!!!!

EURUSD