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| EUR/USD one-hour chart, source:FXDD.com |
Federal Open Market Committee, FOMC release the U.S. benchmark rate on Sept. 26 and the market expects FOMC may raise its Federal Funds Rate. The SHORT bias to EUR/USD, one of the major currency pair, is still available I think. And the price of euro fell in spot and futures at the end of the last week.
And I should confess that I spoiled my trading of euro futures last week. I have kept the short bias to euro and got the short. I thought the price would fell continuously but the price began to rebound. I expected the price fell again, but the price repeated walking sideways and rising. While ECB's press conference, it surged and my position faced the stop loss with big loss. The price went down again, leaving a huge loss.
If I kept the position active though the loss, I may get some profit at the trading. Should I do that? No. The bias is not very important than money management including the risk management. My insight may be correct or not. It's not important. Trading records are filled with many win and many loss. The batting average of big hitter is not exceed 40 percent, winning rate is the second problem.
Instead of keeping my think, I should pay more attention to money management and risk management.
I'd like to tell euro short, dollar long. But I recommend to pay more attention to risk management.
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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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