"We are the superior beings, we obey no one!"
USD/TRY and EUR/TRY 12 replies
Excel Trade Calculator - Try it! 3 replies
The Only Thing You Should Try and Pick is Your Nose 0 replies
Quoting bigballerDislikedMerlin, any thoughts of where we go from here??Ignored
Quoting merlinDislikeddont ask me! i was pretty confused by today's action. the statement read dollar bullish to me. the market couldnt make up its mind for a while there. damn bernanke is going to keep us guessing like greenspan!Ignored
Quoting squat1962DislikedI tried this approach with the FOMC report today. The Short answer= I lost due to my stop loss being "triggered" by a bounce as the EUR/USD fell. I watched the monitor and thought I was doing great, but look at my account balance and the truth was saddening.
Long answer=I suspect you can successfully play a breakout this way, but I would want an order that filling one kills the other AND you would need to set some wide parameters.
But, I suspect there is some reason that this would fail that I am not seeing. I thought I did well today, but....... I am learning.
peaceIgnored