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I took off 2/3rd's between 1.3610 and 1.3602, I have a small bit left on for 1.3550 area and I may add again if we keep pulling back more overnight and the delta supports adding.
Yes, I am finding greater success now with larger targets and stops. But I don't want to make this thread about me, I just want to make it about trading the Euro.
I'm Looking to short(6e) around 3645....then play it by ear. Hey Mike see if you can't ride that to 3450 (or more), I think you can...remember your a big chart guy now...don't get out until a daily chart tells you to.
hehe. The thing is, it won't just drop straight down to 3450. So I have found it is better for me to ride down in 50, 75, 100 tick increments if I can and be (very) happy with that. Wait for pull backs, re-enter if warranted, and ride down some more. So I may set my further target at one of those areas, then as I scale in those targets will be nearer.
Perhaps one day I will work up to keeping a single position on for hundreds of ticks. Actually, that was the plan behind the MB Trading account, but I had a hard time executing it. I've back-burnered it for now.
Think BIG ...that's your name ..BIG Mike...go for it, you already banked some and there"s reason to believe it will keep going...it ain't over til your chart says it's over. Look at that drop we just had, it might happen again...and you would miss it hoping for a pullback.
I might post a couple later, the only thing that discourages me is that I might be wasting my time..no offense but it seems like most around here are more or less scalpers, the puny stuff I post here has been just that kind of stuff somebody might jump on for a quick buck. Maybe your right though in showing some of the bigger stuff/techniques