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- Esssex replied May 24, 2012
Naw, I've just been through something called life. When you are down and out, no one will really help you. They say encouraging words to sugar coat things to make you feel better, they say they will help but at the end of the day you are on your own ...
EURUSD
- Esssex replied May 24, 2012
My correlations are in sync now, overall day is going to be down, after all those news are done. But let's see the upcoming news first. As I said, strategy for today is news trading all the way.
EURUSD
- Esssex replied May 24, 2012
Only thing driving markets today is news. Take note of the levels and use them to time entry according to the news. Ignore technical setups at least til 5. When it is safe to follow whatever tech stuff you guys normally use then start again.
EURUSD
- Esssex replied May 24, 2012
Not to mention the amount of news coming out of EURO today, could serve as a catalyst to get back to 2710 for shorting territory. But maybe Im just being severely optimistic.
EURUSD
- Esssex replied May 24, 2012
Meh, mine too but 82 won't give way that easily makes me wonder if I should have set it 1 level above 82 instead of pip perfect 82.
EURUSD
- Esssex replied May 24, 2012
I am looking at 82 - 04 - 38 But correlation is in a mess so I am not sure if it is going to be moving up or down.
EURUSD
- Esssex replied May 24, 2012
Stop, go out have a coffee break and look at your trading plan again. If you don't have one, close your live account and go demo one. Take it as a tuition fee you got to pay to learn.
EURUSD
- Esssex replied May 24, 2012
You want the textbook answer or a non-textbook answer? A: Cut loss and live to fight another day. Slow grind upwards B: Gamble and hold, most likely to lose all your money C: Hedge against your position by purchasing options or forwards to minimize ...
EURUSD
- Esssex replied May 23, 2012
R:R of 1:1.03? Say what? What's wrong all of a sudden with this session? Earlier during Europe and Asia we had some decent trades with good R:R and SLs. Even if the direction was wrong it was well timed and had good risk management.
EURUSD
- Esssex replied May 23, 2012
I am expecting at least a bottom to form before another drop. At least back to 00.
EURUSD
- Esssex replied May 23, 2012
By the end of the year? Yeah sure, but are you a position trader or a day trader?
EURUSD