And what are you basing that on?

EURUSD

Just about every other currency is getting whacked by the USD, the EUR is holding ground relatively well in this push. Just FYI, look and NZD, GBP, AUD

EURUSD

I'll never understand why people are selling when it's still going up, it hasn't made any progress from NFP at all. It's still a buy, until it's a sell...so don't sell when it's a buy.

EURUSD

double post

EURUSD

What you think you see isn't there, if you get lucky (it's 50/50) that doesn't mean you are right. Trading the news is fairly easy as long as you don't over-complicate it, don't make it difficult by getting yourself into positions based on shadows. ...

NFP Prediction

1. Yes 2. If you don't and you are leveraged in your account is basically on a timer. 3. Recent areas of support and resistance, areas of historic S&R (areas where there are buyers and sellers)

Do you use stoploss?

Economics....anything related to business (accounting, business admin etc) in case you are doing stocks.

What are some of the best courses to take in college?

What advantage would anyone successful having in sharing the account and trades here? The only would be to drum up more capital from investors, or to show off. I see no reason to show my live results to anyone, I have neither the arrogance, sense of ...

Can a successful system be reverse engineered?

It doesn't react because sometimes it has other forces moving it, it also depends on where you draw them.

fibonacci levels - reaction and no reaction

As mentioned before, the only way to do it so every gets money is to get money from somewhere. If the idea is just making more people winners, it's just a case of making the losers lose more than the winners, so that there can be more winners.

can we calculate a Lottery in which all wins

One or two out of thousand become good traders, it's a sure thing for me. Most of them make their money by getting people to deposit more money and increase their volume until they run out of cash tho.

Following bad traders as a strategy

Yeah, weirdly I actually sold here also - closed one trade with 50 pips but waiting for some confirmation for continuation. I'm at B/E at on this one. I was actually surprised it went past the more recent high so well, so I'm not terrible confident ...

AUD/USD

I agree that moving your stop loss anywhere at a random point is silly, but moving your stop loss to a point where you don't make a loss if something unexpected happens in the market is common sense (as soon as your price is moving in the right ...

Trade management

As I said yesterday, it's been a sell for days, it's still a sell.

USD/JPY Discussion

Why is logical not considering people's emotions? It's logical that we don't know exactly where the price is going, and that we should make sure that we don't turn winners into losers.

Trade management

Setting S/L to break even is just logical. The price will eventually come back to any point, if you are holding something and you have breathing room, you don't want to take a loss on the position if the long term trade doesn't work out. Before it ...

Trade management

Splitting your trades, the way I use it is more about practicality and psychology than anything. In theory you hold a position forever, and then take profit at 1000% profit. In practice you get impatient and take profit too early, unless you have ...

Trade management

It's still a sell - it's been a sell for days and nothing has changed that I am aware of? I don't know what charts you are looking at - maybe something will appear on mine at some point and I'll see what you are talking about.

USD/JPY Discussion

I like this, it really does mirror traders thinking. They will go thousands of dollars into the red on a trade because they are hoping it will come back. Learning to take that loss....is a harsh mistress for 99% of traders. Especially when people ...

What would you do - Sweet possibility v.s. Bitter certainty?

A real FX mentor isn't someone to teach you trading, it's someone to whack you across the head and ask you why you made that trade, and why that trade is still open, and why you don't have a stop loss, why you risked 10% of your account instead of ...

Wanna know why a majority of traders lose?