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Old 23-09-2003, 16:13   #25
Neurosinner
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Join Date: Sep 2003
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peteuk, thx for the wishes...

russeleer, i don't know what do you mean by trading the plan...

the way i see trading is this: i try to see which is the current pair that has the greatest bear/bull sentiment..and i try to get ahead of the market. not predicting, just thinking what would i do if i was one of those big shots...i'm basically a fundamentalist (i guess), so i go for lower returns, at least until i get a better view of the MACD and stuff i don't understand (at least 95% of it)...anything less than that is like burning my money (imo).

of course, i always hunt for technicals like head and shoulders that EURUSD had a month ago...

also, i keep a little amount (around 5-10%) for day trading, chasing those 5+ pips per day..it makes my life interesting...

for example, i had an idea that USDJPY would go bearish, since snow was down in asia (nagging about crossrates) and that most news around said that jpy was going up, especially against the dollar.

i managed to get a little profit out of it (70 pips, with about 12% of my stake), but i also managed to smoke that profit, by further going short on USDJPY. i did that VERY stupidly, sold some more at 111.20, after seeing that fall today. no real reason for that, just some words from the g7, and i shoulda have known that a reaction was there to happen.

to finish, just to say that i don't have any open positions at the moment...i didn't follow any news for the last 10 hours (i was working), didn't look at the charts, so it's better to leave it alone...

of course, i don't listen to analysts...still can't digest a sell suggestion for AUDUSD from a site which i followed..i sold it almost 100 pips ago...in the wrong direction.
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