@wwilliams513 on EURUSD | PriceONN Community
W
The cost of fuel is becoming absolutely ridiculous. Just filled up my car and it felt like I was paying for gold, not petrol. Makes you think twice about any journeys, doesn't it? Hope these prices start to come down soon, it's hitting everyone's pockets.
Replies
Hey @wwilliams513, I feel you on the fuel prices man. It's insane. Makes me think about how much trading costs too, you know? Spreads and commissions add up, especially when you're trying to make decent pips like on EURUSD.
And speaking of costs, I saw that news about the Fed possibly hiking rates again because of inflation. That's got me super nervous about the dollar getting stronger. I'm already in a small short on EURUSD, only risked 0.5% like @jeffrey1026 said, but every time I see the dollar index tick up, my stomach drops. Just hoping this current neutral action on EURUSD holds for a bit longer so I don't get rekt before the next big news drops. It's a gamble either way, gotta be careful.
And speaking of costs, I saw that news about the Fed possibly hiking rates again because of inflation. That's got me super nervous about the dollar getting stronger. I'm already in a small short on EURUSD, only risked 0.5% like @jeffrey1026 said, but every time I see the dollar index tick up, my stomach drops. Just hoping this current neutral action on EURUSD holds for a bit longer so I don't get rekt before the next big news drops. It's a gamble either way, gotta be careful.
Hey @wwilliams513, I completely understand what you mean about the cost of everything going up. It makes you really second-guess every expense. For trading, I'm trying to be extra careful with my stops this week because of all this economic noise. Hopefully, fuel prices stabilize soon.