1.3480 daily pivot- once again it is trying to touch daily pivot. Below daily pivot, i will be short.

EURUSD

Yes we will see range bound movements but have a look at daily chart from june 6, 2009 to aug 6, 2009. E/U was stuck in a 500-600 pips range during those 2 months. My point is no one can predict the future. I know one thing for sure everyday ...

EURUSD

It is next to impossible to guess the future. Remember we all collectively make a market and our everyday actions will determine the long term scenario. Euro going to 1.27 or to 1.48- It will cross major supports and resistance every day to travel ...

EURUSD

eur/usd should fall after the data. It is good for US dollar. but right now reverse happening. It broke daily pivot for a short period but now once again back above pivot. But i will not take long. I will wait to take short once it again breaks ...

EURUSD

NY 5 P.M. Thats when new trading day in forex starts.

Daily pivots lovers questions

Trading is the worlds toughest game. I can now understand why majority of traders loose. Doctors, CPAs, Engineers, Politicans, Professors, Stock analyst etc all can fail in this game. But i certainly believe trading requires understanding and ...

How long did it take to become consistently profitable?

Smart Germans — Germany wants lower euro to boost their exports. Germany will play a big diplomatic game with greece finally telling greece to lick their own wounds. Strategic Democracy. Germans are smart people.

What would happen if EURUSD reaches 1.000?

Yes good one. But the problem is trend change which is the volatile nature of any financial market. One day you could see a green candle, the very next day there could be a red candle. This quick market mind change has caused best traders to lick ...

Simple Forex Trading

The money went directly to his UBS account since he use UBS as a broker to conduct deals for him.

How Did George soros withdrew the money when he made 1 million?

Well, get a full time job after college. Keep learning forex and try daily/weekly trading but get a full time job.

Forex Without a Job (College/Uni Student)

I am studying seriously and will try for a full time job in audit field in next 2 months. Forex is great but i cant depend on it. As i trade daily charts, i think i can do that with a full time job. I was thinking for last 6 months may be i can earn ...

The College Trader

Look at george soros picture in previous post: Look at his grey hair. Look at his wrinkles on face. Grey hair and wrinkles can make you a successful person if you keep workng on your ideas.

How George soros made his billions

He did that when he was 60 + years old. He started his career as an analyst in 1956. I am sure to get success in financial trading, you need time and by observing markets day in day out, you get the hang of it. He made $ 1 billion on sept 16, 1992. ...

How Did George soros withdrew the money when he made 1 million?

Yes having a well documented trading system and following it with discipline give some structure in trading markets. Remember markets are highly unstructured and people loose money by following unstructured trading in an unstructured markets. Get a ...

Average system + great discipline =great results?

No. i didnt traded it. It is some one else chart. I wonder how one can trade that kind of chart- too complex.

A great forex chart !!!

2 years historical testing. 1 year live testing with mini lots. Then you are a trader. It needs plenty of data crunching and hard work to find out the patterns/structure from a 'highly unstructured markets'.

From a Rookie to a Professional Trader in 2weeks

Betting on a direction will make you bankrupt just like Brian Hunter (calgary based natural gas trader) went bankrupt after wrong calls on natural gas. I have realised trading daily chart and closing the position by the end of the day is a way to go.

Bet on the Direction

Extended period is a bullish statement. Dow bullish. If E/U moves in bullish range above 1.38, huge short covering may push E/U up.

EURUSD

Yup Mate. No rate change is already built in price. Market will react on FOMC 'Statement' specially those 'extended period of time' statement. Since US is everyone's daddy, so today S&P movements will affect asian and european openings tommorow.

EURUSD

I am euro bearish and dollar bullish- euro economy problems and us economy strengths. Remember the yearly change in trend on dec 3/4 after NFP data was based on the premise that US economy is improving. The euro crisis is fuel in the fire. However ...

EURUSD