I don't see the point of fixed pip stop losses unless you're writing a private bot. Why don't people simply put the stop loss at a location that tells them they're simply wrong, and then change the lots you order to balance your risk to what's ...

9-25% Monthly Enough?

Be careful, you may be buying into supply. Resistance turned support was just broken and it's quite possible it now serves as resistance again.

EUR/GBP - What a great pair to trade!

Cloudy with a chance that I can't see the most important part - the price action. Do yourself a favor and skip a year or two of misery and ditch every one of those indicators if you can bear it.

EURUSD

I trade for as many as I can get at $0.10 a pip. Hope I can get to your level some day, what I do now is more like live demoing.

EURUSD

Nice range catch. I do daily swing trading though so the only trade I may take on this pair in the near future is a breakout re-test on one side or the other. Trying to build my patience...one or two a month will do it if I pick the best.

EURUSD

Nope, but there isn't much to talk about right now. Pair is still ranging like it did last week and the week before.

EURUSD

Fair enough, thanks for the feedback. Just wanted to get that clarified.

Cable Update (GBPUSD)

I haven't had any problems with FXCM. Do you have some other reason for believing what you do? I know FXCM had some questionable management back around 5 years ago but at the moment things seem to be running about as smoothly as any other decent ...

Cable Update (GBPUSD)

Price already spiked through the pivot, and price is still hanging out at that zone eating up orders. Not a good setup imo. There is a possible long setup at the base of this rally, though.

Price Action and Trading Discussion

Very nice trade, classic support turned resistance where supply overtook demand. I play higher time frames but you may very well clean up with that one. Looks like little resistance until 0.8246, where the move originated from.

Price Action and Trading Discussion

Same reason price broke technical support on Cable but then rocketed the other direction today - low holiday volume, big news event with the Fiscal Cliff (dollar weakness), and now it's temporarily resolved. Although with this pair, the technicals ...

EURUSD

Interesting situation right now with the move being almost completely retraced. I think that when our volume came back, so did our supply zone....wondering if a bunch of sell orders were re-positioned when brokers opened up. That said, technically ...

Cable Update (GBPUSD)

Would it be too much trouble to pay me back my $20,000, my sexy darling?

Last words of a trader

Maybe you should go check out the bitter republican forums, I think that's more your interest.

EURUSD

Your broker should have a notice listed on their website. My broker opens at midnight CST.

EURUSD

There are lots of ways that can happen, but just a random stab is that there was a connection issue and your software ignored the missing data upon reloading. I seriously doubt there's anything wrong with your computer.

EURUSD

I wouldn't even start shorting until under 1.31384. That's going to be our recent break re-test I believe.

EURUSD

Same situation, everybody else seems to have their feed back already.

Cable Update (GBPUSD)

If only Mr. Elliott had had access to ForexFactory back in the 1930s, he would have been a millionaire from all the workshops he could have done.

How to rescue a losing position?