xecution
Long

EURUSD Buy the E wave

FX:EURUSD   Euro Fx/U.S. Dollar
254 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
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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?
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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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