If you expect to see the dollar in 1,321, prepare for a trip full of pain and patience.Movements of that magnitude do not occur overnight, and the market will do the impossible to get you before they materialize.
If you expect to see the dollar in 1,321, prepare for a trip full of pain and patience.Movements of that magnitude do not occur overnight, and the market will do the impossible to get you before they materialize.
I am surprised that you still want to sell EUR/USD after having lost an account with the same idea.Don't you think it's time to review your strategy?If your plan is the same, then your result will be the same.It is not the market that has to change, it is you.
You are right that the dollar should be strengthened, but when?The fundamentals can say one thing, but if the market is dominated by other flows, the movement can be delayed months.
If you have promised not to sell EUR/USD, why are you looking for excuses to do it again?Maybe the problem is not the pair, but how you operate it.Focus on improving your risk management before looking for another entry.
Trading is not just about being right, but making money.And if they get you from the market before the correct movement, then it doesn't matter that your analysis has been perfect.Learn to survive before worrying about hitting.A dead trader has no opportunities.
Do you want to go short at 1,4851?Great, but what will you do if the price never gets there?If you only enter the "perfect level", you will end up seeing the movement without being inside.Learn to build positions along the way.
The funniest thing about trading is that just when everyone expects a movement, the market does the opposite.If you are too sure that the dollar will rise, maybe it's time to question that idea.
I don't know how much a dollar rally will last, but I assure you that it will not be easy to maintain.The market always finds ways to doubt even more convinced.
Everything sounds very nice in theory, but in practice the market is rarely moved predictably.If you really expect a great movement of the USD, prepare for volatility and uncertainty.
The problem with short in Eur/USD now is that you could be late at the party.The best time to enter is not when everyone sees the trade, but before it becomes obvious.