its no wonder they arent hiring. I think the subprime bubble was the end game scenario for the US. we're gonna become japan and thats basically what the fed and government is saying is the upside, prolonged high unemployment and fighting deflation. no wonder bernanke said he'd drop money from helicopters if need be, they've used an arsenal of monetary weapons and government stimulus to get us to this point and all it did was decelerate the decline.
I'd rather not use stop losses, just been burned too many times with the market going waaaayyyyy against me and eating up my margin. My take profit levels aren't too much, but that's just cause I'm trying to lock in as much as possible without the markets reversing on me at key levels.
Seems to be the safest, most logical way to make profit and not get eaten up on a bad trade. BUT, if it looks like the sl levels are eating me up too then i'll re-evaluate.
Youre still +$$ though LT and thats what counts
everybody just has to find what works for them..not using stops is dangerous but if you manage your margin right you can avoid BIG trouble..find supp/resis levels to avg with and you can work out of just about any jam...but again everybody trades differently so to each his own...GL and nice trade
Yeah i need a good close 100 pips up from here though...dont know if the USD will keep any strength the rest of the week cause i think the market is still moving up..i see small resis just in a TL at 10700 then we go to 10950ish and next week 11250...and the EU now above resis and still looks ok down 70 pips from the high but daily RSI only 55 so we might be looking at 135 here???!!!....where does this all put CHF is the question
As long as i can make these trades on the side im fine..got JPY sitting in here too...this pair just looks awful but the threats of intervention under 85 provide some comfort and we got some support anyway 8580s...
Still turned some profit this past month but these trades just bug the hell outta me...time for a new thread too fellas...whos turn is it?
Established in 1995,
, but closed out my aud/jpy at 79.08 for a nice 100 pip profit. 
. See ya'll next week.
Hot Forum Topics
