FaultyKid
Long

POTENTIAL LONG ON EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
208 4 3
Two entry targets

1.) 4h200sma & .50 fib provides strong support

2.) Multi-Year low rising trendline & 0.618

Exit if you have a DAILY CLOSE below 1.3650

This would be a nice position to just hold long-term past 1.40 and/or policy changes in ECB and FED
Looks like a risky trade with a large potential draw down.
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Can you elaborate please, would like to see your point of view.
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I had the right idea, but didn't execute any trades.. SAD FACE
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ForceFollower FaultyKid
Yeah, what a pity! How about such a moustached sad face with the euro: :-€

But look at the bright side:
1) a missed trade means nothing financially, it's not a loss, it doesn't cost you any real money;
2) there are actually no failures on our side - only "lessons learnt" - if you failed at sthg or failed to do sthg, make sure you know what was wrong that you did, and be wiser next time. :-) I believe you've got your trading diary - take note and even draw charts by yourself and then review it - that's how we get better and better at trading.
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