Lower USD Forever?

[scorpion]

It's easy to think that the price will continue forever, or that you'll make money trading that one direction until you become a millionaire. It's even easier to think you will survive without money management by doubling your position and place order randomly without a system. Yes, you're probably making lots of money right now, but don't you forget that the market can take it all away in a flash.

If you're flirting with the USD systemlessly, I suggest you take a look at some breakout systems, see if you could make any use of it to protect yourself. USD will probably go down much further but you should be all prepared for the inevitable. Now I always look at the trend lines and especially the Super S/R indicator. When current trend is over, the Super S/R will tell me. I'll flip the direction of my trades.

I wonder though if you use any early-warning system. Share your thoughts here.

[scorpion]

Seems EURUSD is moving down and FAST! Just saw 1.4495 a moment ago.

Will you change your systems? new strategies yet?

[scorpion]

Now 1.4430. 70 pips move overnight.

[scorpion]

EURUSD is now 1.4390. It just keeps coming down now.

[scorpion]

For the record, GBPUSD is now below 2.0000.

I made $2,000 today shorting EUR/USD and GBP/USD.