It looks like my Euro Currency Model is being vindicated for the long term trend. It wasn’t sensitive enough to pick up this 1-1/2 month intra-trend correction in the EURUSD pair. Luckily I hung in there during the downturn and I’m starting to show a little profit again.
I’m going to have to rethink my Forex trading plan one more time, this “no stop” theory really stinks and made me deal with a lot of pain. I used to get stopped out a lot so this time I’ll use a percent volatility type of stop.
From around the Social Web!
Want to leave a comment?
If you want to give me some feedback on this post, please contact me
via email or on Twitter