Wow lol Nice trade, you did it! What leverage do you use? I use 200 X with breakeven's and or small losses. I was in LONG [email protected] & took profit@110. Could have re-entered @110 but was unsure@the time. I'm now back in @110.623(breakeven) with a TARGET [email protected]. Price is currently floating around the 110.95 area.
0nce it reaches 111 I will move my STOP up to 110.8
Update ye later ;)
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Some nice trades going on there @tradz :) I use leverage 50:1 #pipshunter!
It's good that you use 50 X as you have a nice amount to trade with and besides, it gives you room to breathe ;)
Yes! Its taken 16 years to breath easy at this level my friend @tradz - the 10,000 hour rule for deffo applies here!!
Ha! I hear ye! I thought I was the Forex-King my 1st year but I had to learn the traps of the markets and hours upon hours of chart watching lol
Luckily I was able to quit my job and stay home full time to analyze or else I would of had 10 more yrs to go lol
I had to learn patience and also had to learn that you have to stick with your plan. Gtta go, price just hit 111 :-0
The hardest thing in forex is doing nothing! ... just like Steemit!!
Just like I thought, price would pullback a bit after hitting 111. I will hold on to breaking even. I will just have to look for another entry if price makes it back down to my entry point. I'm ok with that now that I know I have to stick with my plan. Better to breakeven than to lose money.
And yes, doing nothing will upset you knowing that you missed out on so much money. You have to shoot if you want to score so I was told ;)
Next vid coming v.soon ... 'FOREX LIVE: @mindhunter Closes Off The EUR/USD Pair Trade@ $2700 After 6 Days [NOTES: TP/SL Ratio Was 3:1 / Trade Closed Due To Unpredictable French Election Run-Off!]'