for past week I have had no luck day trading FX.
so day trading is off the table until more reg. days come back
however i will be swing trade for now.
shorting EURUSD:
SMALL POSITION:
EURUSD Sell (daily chart) Between 1.0975-1.0990 (ma 50)
I will Add 1 @ 1.1045 (MA 100)
I will also add if it reaches MA 200 1.1080+/-
Stop loss 50 pips above MA 200 1.1213
Fib levels are leveled with MAs
and news are no good.
i am going with very small 1000 share each position. so total of 3 (0.01) my total lost will not be more than $20.
Now; if price does as chart shows after i am filled when price breaks below 1.0960 and closes in H1 chart or H4 I will add a larger position (0.03) by then I am break even with my Stop loss.
**** I know very chicken of me to trade small position like this and whats the point. right.... THE POINT is Psychology. after a few days of negative trades you need some wins on your belt to stay focus. and best is trade very very small and let it be. if I loss $20-$40 it wouldn't hurt AT ALL. but if I loss $4000 you bet it is gonna hurt. *****
trade with care.
so day trading is off the table until more reg. days come back
however i will be swing trade for now.
shorting EURUSD:
SMALL POSITION:
EURUSD Sell (daily chart) Between 1.0975-1.0990 (ma 50)
I will Add 1 @ 1.1045 (MA 100)
I will also add if it reaches MA 200 1.1080+/-
Stop loss 50 pips above MA 200 1.1213
Fib levels are leveled with MAs
and news are no good.
i am going with very small 1000 share each position. so total of 3 (0.01) my total lost will not be more than $20.
Now; if price does as chart shows after i am filled when price breaks below 1.0960 and closes in H1 chart or H4 I will add a larger position (0.03) by then I am break even with my Stop loss.
**** I know very chicken of me to trade small position like this and whats the point. right.... THE POINT is Psychology. after a few days of negative trades you need some wins on your belt to stay focus. and best is trade very very small and let it be. if I loss $20-$40 it wouldn't hurt AT ALL. but if I loss $4000 you bet it is gonna hurt. *****
trade with care.