I had been alerted that the EUR/USD is in a pattern on the edge.  I think that we should be more careful in the use of margin, because in this week EUR / USD could run at about 400 pips up or down in one jolt. This could be an advantage or even collapse for traders who still have problems with their trading psychology.

Regards,

Honest

Talk less, do more. 

Views: 923

Tags: eurusd, plan, this, trading, week

Comment by Honest Sarjono on August 26, 2012 at 11:28pm

Just a story about 3 years ago.
I met someone who I know as a trainer. His face looked sad and said "I've done everything correctly, all indicators confirm the bullish prices were strong."
I was interested and I said 'Yeah, good. But why do you look sad? "
Her eyes filled with tears "Of course I am open buy position."
"Yeah, so what's the problem with your --friend--?"
"It was at that time the price rises, but is slowly down. Usual I think the price will rise again. I waited too long, until I getting tired. Because I need a break, then I put the safety stop-loss".
"Then you sleep?"
"Yes. Then a few hours later I woke up and immediately want to see what the status of my position today."
"Oh that's what makes you sad?"
"Yes. The candle had already touched my stop-loss."
"I see. But that's a normal thing for you, right?"
"umm .. I've felt sure I was right, because all indicators confirm prices inevitably rose. I very rarely saw a great opportunity with all such simultaneous confirmation. Then I open position with huge lot. Oh I'm really sorry. What about my wife later, she would be disappointed. How could so many indicators that are still difficult for me ... "
"Oh, so you're still using crowded indicators as ever?"
"Yes. I have not had time to explore because I'm always busy with my day job"
"Okay. You are still having noisy chart indicators. If you've never done in-depth of research, then please do not get too confident,and even teaching your clients you must always tell them about the risk. Market is open 24/5 and still many opportunities there, please use your size of lots wisely. to be the truth that 0.1 lot is able to feed you and your family monthly. Do you want to be rich in a day? Once you did it, then market will react and againts you as soon as you started your  mission impossible. Let's trading with your green life and keep trying to clean up your chart."

Comment by Honest Sarjono on August 27, 2012 at 1:11am

Comment by Honest Sarjono on August 27, 2012 at 7:43am

stay alert for critical time for EU, ... small lot, good MM, psychological control, avoid human error, etc

EU expected 400 pips this week.

just find out where's your position to start.

only 2 options: an advantage or collapse :)

Comment by Honest Sarjono on August 28, 2012 at 7:16am

Talk less, do more

Comment by Honest Sarjono on August 28, 2012 at 9:08am

Comment by Honest Sarjono on August 31, 2012 at 2:34pm

tsunami ?

Comment by Honest Sarjono on August 31, 2012 at 2:36pm
Comment by Honest Sarjono on September 7, 2012 at 1:05pm

This is I mean 400 pips and "This could be an advantage or even collapse for traders who still have problems with their trading psychology." and here also

http://www.forexstreet.net/profiles/blogs/something-incredible-cann...

:)

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