motleifaul
Long

Short term trial

FX:EURUSD   Euro Fx/U.S. Dollar
51 7 0
I didn't want to get long again. But it is frustrating here. Until now we didn't see a breakthrough to the downside. That makes me think that we can see a retracement to the upside at least.
Thanks, boss, where do you think the retracement would reach to?
Reply
I usually never predict targets. This is much more difficult than to find entries. And targets have already many to to with money management which is a very individual approach. There are many clearly visible and hidden obstacles on the way up. If I would paint them in the chart it would look like a hurdle race. So what you expect depends very much from how fast will you take profit and if and how much loss or drawdown you are able or willing to tolerate. How long do you consider a drawback as a such or as a failure of your idea? This is the art. I cannot explain it. The charts I show are handicraft "only".
I said it at other occasions already: I have a profit to loss quota of 50 % only. But at the end I am profitable. This is how I deal.

Reply
This was worth trying. I am selling part of my position now taking a fine portion of profit already. Let's see what comes further.
Reply
And now - oomph, oompah - I am taking the other, the second part of the beautiful profit closing the position.
Reply
This way I got an average sales price of 1.0849 - almost optimal.
Reply
ZhaoH motleifaul
Your opinion posted yesterday seems to be rather accurate so far, so kind a mentor you are, have a nice weekend!
Reply
Thank you, same to you!
I try to give back something I have received myself in the past and still receive from the other participants.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out