Nothing will tell you the direction the price will move next. Just concentrate on allowing yourself to be wrong more than you are right and making more when you win than you lose when you are wrong and you are THERE! I so wish I had been told this 4 ...

Trendlines with Heiken Ashi and Stochs System

Interesting discussion but technically gold looks only down for me. I shiorted it yesterday for a short term trade and took some pips but I wouldn't like to hold a short position open too long. What interests me greatly is the correlation between ...

EURUSD

I would never have been long anyway but I admire your tenacity...

EURUSD

Possibly the best advice i've seen today, keep going,

EURUSD

Thanks fella, I was just trying to help the guy out but it was too much for him maybe?

EURUSD

I'm not trying to sound like anything but it worries me that someone so stupid is trying to trade.

EURUSD

No which is why I don't base my trade decisions on an unknowable factor.

EURUSD

It always makes me wonder what goes through you peoples heads when I read stuff like this. Let me get this right, you were basing your trading strategy to short the eur on waiting for the official announcement of a downgrade of certain countries ...

EURUSD

Been happily scalping eurusd all day on a different account so pushed the funds up quite a bit to start again Monday. That's definitely a lesson learnt though, the time to open one of these baskets is when everything is about to move in the same ...

Seventh Wave Trading (maybe it IS rocket science after all?)

It's interesting that we are approaching the 38.2% fib extension level for the main daily trend. Whether 38.2 will make a difference or not I don't know, I see 1.25 first.

EURUSD

What news? The "news" happened hours ago. Who knows what's coming next? I'd suggest that any rallies in the euro are worth selling at least until 1.25.

EURUSD

Ok, so Ha-Pattern is short for heroin addiction pattern???

Pattern's Chemo-Electric Trading Journal

Of course! That good ole 70 ema that everyone watches!

EURUSD

Yep, as I thought, officially announced and no movement... Priced in.

EURUSD

Seems like a plan to me, I've got a stop at 1.2710 and a second trade at break even at 1.2676. I wonder if the downgrade rumours are confirmed if there is much more to drop today? A certain amount of "pricing in" has taken place already no?

EURUSD

Lol, ok, I'll pass on the rumour. Thanks.

EURUSD

Hmm... seems a little premature? I missed a lot of the news, is there an announcement to confirm the reported rumours at some stage this evening and if so does anyone know what time? Thanks

EURUSD

Looking at it again the other thing I would say is look at where it stopped. Right at the previous resistance level of that last move up. Resistance became support.

Trendlines with Heiken Ashi and Stochs System

My first thought is that you were trying to trade a countertrend move in a strong uptrend. These are always lower probability. The best way to trade a change in trend is to wait for the uptrend line to be broken and retested from below. Then put a ...

Trendlines with Heiken Ashi and Stochs System

Everything shut down for today, I think I've worked out when NOT to trade! When everything starts working together then I will restart, probably monday.

Seventh Wave Trading (maybe it IS rocket science after all?)