Browsing: Ideas and opinions
The 30th of October. FOMC Statement, as it was expected, no Taper, everything remains unchanged. As I was saying for the whole week, I am pretty sure about the dollar getting weaker, but…
Long positions above 1300 with targets 1350, 1380, 1440
Long positions above 85.00 with targets 93.50 – 97.70
Long positions above 1.20 with targets 1.30 – 1.35
Short positions below 1.0150 with targets 0.9200 – 0.8850
Have you ever though about the common saying – CUT YOUR LOSSES EARLY AND LET YOUR PROFITS RUN? I’m sure every trader knows it, however, not everyone follows. During the process of creating my strategy I was asking myself the question – why traders wait and keep losses run, but as soon as profit comes we fix it?
Anyone can face the lack of idea or experience uncertainty. In this case, there is no expectancy for trader nor amateur. I’ve been frequently asked where my ideas come from? The answer – experience and market knowledge sounds way too uncertain. After analysing my workday routine I came up with 11 tips accompanied with useful links, where every trader can find some inspirations and fresh ideas.