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Forex carry trades - Forex broker software - Web based forex trading. Forex Carry Trades
$EURUSD I was wondering what news would cause short term reversal to up trend Looking back this week, passing the opportunity of almost 400pips trade was certainly not a good experience, but there wasn't a valid entry point based on my current trading rule or life style: I do not buy/sell break b/c I have not come up with good way to measure and set appropriate stop loss line in that case. Risk and max loss have to be clearly defined in every single trade I make. Anyways life goes on, and so does market. We can say wave 1 (from 1.5063 to 1.4683) is over, and almost completing A wave up. I would expect corrective B wave down, then impulsive C wave up. So my plan is to enter long at the end of B wave down. The price level I would be entering is not very clear yet, but should be between 1.4722 and 1.4777, and I would aim this long position to carry us up to 1.4917 ~ 1.4981. The stop loss order, of course, will be set at 1.4675, or just below the end of purple .1 wave. This makes max loss of about 47 to 98 pips, and expected gain to be 140 to 259 pips. It's a great risk reward ratio. After this long trade is done, I will enter short position, possibly from 1.4917~1.4981 level. mrs. watanabe destroyed icelandic economy
whenever i read like this, i wanna quit being japanease... ashamed. their money games break many nations and most of them are petit-bourgeois housewives who just want to earn their pocket money to buy another louis vuittons. (mrs. watanabe = japanese individual investors who do yen-carry trade. FT named since a lot of them are housewives. watanabe is one of most popular sirnames in japan and nobody knows why they chose it.) Related topics: forex charts historical forex trading magazines make money in the forex best scalping forex forex automatic trading robots forex millionaire stampa su forex day trading reviews |