Let me give you some different numbers to chew on. I pretty much stick to D1 and sometimes H4. Most of the time the spread is between 1-2.5 pips for the pairs I trade. Trading on D1 means I am only taking maybe 5 or 6 positions a week, max. So the ...

Another reason why 99% of traders fail

Thanks for the vouch.

Read what the experienced traders say, then forget it!

This pair combined with some gains on G/U and I'm up about 300pips this week with very little effort. Looks like a wise decision to stay on the sidelines today. Big news Friday and US long weekend does not make for a good trading day unless you like ...

USD/CHF

It drives me nuts when I read posts like this. The propaganda machines are clearly doing a fine job misinforming people. Or, at the very least the media is just useless at informing people. The non-existant Volt does not have some magical fairy dust ...

EURUSD

So you are talking about China then. They aren't exactly known for having big cocks although I hear they do have a few nukes lying around.

EURUSD

My guess is that we are at the end of corrective 'a' Eliott wave assuming no fundamental happenings screw that up. So I think a long is the right move. Only confirmation is support at round number 1.0800 and the trendline. I'd like to see more than ...

USD/CHF

Some of the best advice is usually the simplest. I think some of the best advice that has stuck with me and server me well is that "fear is more powerful than greed". So when you read somewhat scary rumors about China economy possibly having ...

AUD/USD

Usdx is up on risk aversion + Gold is down a bit. Nothing else that I can see. If you just looked at charts and listened to forex analysts you might be a bit bullish. However, reading up on all the other pairs you would have seen that today was ...

AUD/USD

Anyone who trades without stops isn't going to be trading very long. Trading version of Darwinism.

EURUSD

If only it were that easy over the long haul. You cannot have your cake and eat it too. You cannot swing for the fences with tight stops and expect to be consistenty successful.

EURUSD