xecution
Long

EURUSD Buy the E wave

FX:EURUSD   Euro / U.S. Dollar
255 10 10
ill buy this wave !
How sure are you that it won't crash on monday?
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xecution Soufian
@Soufian, i have a stoploss for that :) in forex nothing is 100% sure,
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Soufian xecution
@xecution, I'm kinda screwed, my SL is 1.04
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xecution Soufian
@Soufian, i hope u use a good MM?
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Soufian xecution
@xecution, What is an MM?
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xecution Soufian
@Soufian, Money management , 1-5%
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Soufian xecution
@xecution, Not really, I've been stupid by extending the SL over and over again.
I got 2 buy positions at 1.095 and 1.0999, I'm now 66.81% in loss.

My issue is that it's hard to accept losses so you keep extending the stop loss in hope that it'd reach the position you bought it at.

So I definitely learned my lesson here.

I hope EURUSD won't reach below 1.04, although I think it will.

What do you think about these expectations from some "experts"?

https://www.fxstreet.com/rates-charts/EURUSD/forecast
Reply
xecution Soufian
@Soufian, let's hope tomorrow we get a bullish gap :)
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Soufian xecution
@xecution, Green days confirmed. :)
Let's hope the trend will continue.
Although maybe it won't continue due the december month in which people buy lots of stuff for christmas, so USD would probably be stronger, right?
Reply
xecution Soufian
@Soufian, yes, if you are still not respecting your money management take your profit at 1.06400 or put it on breakeven, & use a proper MM :)
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