Re: EUR/USD
451My biggest trading flaw is that I wait too long before I open a position. I watched it rally forever until I gathered the courage to open a long and look at it now. I hope it reaches 1.1200 at least again.
I used to be with this problem too. As Mark Douglas explain on his DVDs . consider the trading as a series of positions not a single one. So two thing you have a money management and your expectation based on a series of positions. this way when you have a signal youll never hesitate.mlawson71 wrote: Sat May 04, 2019 12:19 am My biggest trading flaw is that I wait too long before I open a position. I watched it rally forever until I gathered the courage to open a long and look at it now. I hope it reaches 1.1200 at least again.
I know this all too well! I use to do this too man.mlawson71 wrote: Sat May 04, 2019 12:19 am My biggest trading flaw is that I wait too long before I open a position. I watched it rally forever until I gathered the courage to open a long and look at it now. I hope it reaches 1.1200 at least again.
and usdindex to outperform from here onwards it needs to take out this two big trendlines, looks daunting task for usdindex after todays reaction to NFP.Jimmy wrote: Sat May 04, 2019 1:31 am
I know this all too well! I use to do this too man.
Yep, it should hit 1.1200 next week you'll be able to close at break even bro including swap and spread but man EURUSD is in a hell of a downtrend so we need to focus on shorting the shit out of this pair.
Hang in there brother, I know it sucks but you'll be okay :!:
I managed to close it at 1.1195.Jimmy wrote: Sat May 04, 2019 1:31 am
I know this all too well! I use to do this too man.
Yep, it should hit 1.1200 next week you'll be able to close at break even bro including swap and spread but man EURUSD is in a hell of a downtrend so we need to focus on shorting the shit out of this pair.
Hang in there brother, I know it sucks but you'll be okay :!:
ChuChu Rocket wrote: Thu May 09, 2019 4:51 pm EUR/USD: Struggling to overcome resistance - Commerzbank
EURUSD-support-resistance-lines-for-may-9-2019.png
According to Karen Jones, analyst at Commerzbank, EUR/USD pair is struggling to overcome resistance and remains capped by 55 day ma at 1.1265.
Key Quotes
“For now, we are unable to rule out a retest of the 1.1110 support, but, if seen, we look for this to hold. Be advised that the pattern being traced out is a potential large reversal pattern.”
“We have divergence of the weekly RSI and a 13 count on the weekly chart as well and hence there is a risk of bullish reversal. Initial resistance is the 100 day ma at 1.1322 and the resistance line at 1.1344 ahead of the 200 day ma at 1.1404. Only above the 200 day ma would this imply a bullish reversal.”
“Support at 1.1110 is regarded as the break down point to 2018-2019 support line (connects the lows) at 1.1052, the 1.0963 TD support and the 1.0814/78.6% retracement.”
Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-s ... 1905090541 (Article)
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