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- mikkom replied Sep 10, 2008
url After this, guess how many buy limits there are for oil very near $100? If the price ever gets near that level, look out for huge bounce up on oil and EURUSD too. Opec has been talking about $100 oil level as the lowest they are willing to go ...
EURUSD
- mikkom replied Sep 9, 2008
First understand that this is hard. Really hard. Then start here url
EURUSD
- mikkom replied Sep 9, 2008
That's wrong question. The actual question you want to ask is how big trade you should made. If you are saying that you can't bear many losses then you are trading WAY too big. Limit your max loss per trade to 2-3% of your account.
EURUSD
- mikkom replied Sep 9, 2008
I usually adjust it by hand to the 2nd support/res (not fibo/pivot/anything like that, just what I see) above/below the price. I also use donchian trailing stop sometimes but it requires a program to trail efficiently, for example use the max/min of ...
EURUSD
- mikkom replied Sep 9, 2008
It was oil what brought it up. Worth looking it very closely today - now it's going down and so is euro but this hurricane thing is making it quite unpredictable.
EURUSD
- mikkom replied Sep 9, 2008
You are totally right. Maybe someone understands how bad the fannie/freddie fiasco really is for US. Now is a great time to short the the other stocks on the FED short restriction list. My favourite is Lehman, they might be the next one to fall. Yes ...
EURUSD
- mikkom replied Sep 9, 2008
I just prefer to take shorts on resistance, not breakouts. I only trade breakouts on longer term positions and now I'm anticipating a trend change in some future so no long term (weeks-months) positions for me at the moment.
EURUSD
- mikkom replied Sep 9, 2008
The crazy moves usually happen when news are counter what trend is. Now I don't think so but we'll see. This consolidations resistance is somewhere between 4100 and 4115 so if that breaks, tough luck but that's trading. calculated risks.
EURUSD
- mikkom replied Sep 9, 2008
My exit is already almost BE so that won't be a problem. I would be really surprised if this would go over 4115.
EURUSD
- mikkom replied Sep 9, 2008
What a crazy reaction to the awful german numbers again. I shorted the hell out of 1.41 Even did the biggest sin of all and averaged my position higher. I just wasn't sure when it would turn and I wanted to be on this train.
EURUSD
- mikkom replied Sep 8, 2008
I have been wondering the same thing. The reason why the banks were taken over was that they had "overstated" their capital. Sounds really, really bad to me.
EURUSD
- mikkom replied Sep 5, 2008
Both euro and us are in trouble. It's a good idea to wait a moment and see where this goes. (ps. Trend is still down)
EURUSD
- mikkom replied Sep 5, 2008
I'm flat on currencies, I was short EURUSD. I have been short on about all possible stock indices around the world for couple of weeks and I'm up very nicely after few last days.
EURUSD