EUR/USD appears to be sleeping at the moment, but I think we should see some temporary pullback later today or sometime tomorrow. That said, I think that once that's done it will head for 1.2700 which is a resistance level visible on the monthly ...

EURUSD

Well, yesterday's drop was very dramatic to watch. I had my suspicions but I didn't expect it'd fall this much. I think it's headed for 1.2700 now but we might see some correction on the way.

EURUSD

Yes, it looks like the next target will be 1.3000. I was hoping it'd bounce back, but apparently it was too much to hope for.

EURUSD

A doji candlestick formed in the daily EUR/USD filter and the price started climbing. That said, I think it's prudent to wait for Draghi's press conference tomorrow before making any decisions.

EURUSD

I think EUR/USD will reach 1.3100 and will test the support there but I don't believe it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000

EURUSD

I am seeing two dojis in the 4 hour filter so some pullback is expected but I doubt this will be the beginning of a more long-term correction. I think it will most likely continue its descent until reaches 1.3100.

EURUSD

Personally, I think EUR/USD is quite oversold but so far I am not seeing any signal that a more long-term correction is about to begin.

EURUSD

I think it will either form a double bottom and start rising again or it will break through the support level at 1.3250 and continue its descent.

EURUSD

The EUR/USD will likely test resistance at 1.3200. Should it break through the resistance I think it might climb to 1.3250, but after that it will probably start falling again.

EURUSD

I wouldn't say psychology is not important - that is, one's own psychology is important. If you are impatient, impulsive and you allow your emotions to guide you instead of rational thought then you're likely to get into some deep trouble as a ...

the most important things in forex

1. Yes, most of the time I do. 2. It really depends on the situation. Sometimes I really just have to be somewhere else and I can't watch the chart, so I don't feel comfortable leaving it without any means of control. 3. I usually place it around ...

Do you use stoploss?

I've tried all sorts of forex robots over the years, in the end I learned to trust none of them. They simply cannot account for the human factor. One big news release and everything goes down the drain. Of course one can always check an economic ...

Which forex robot is the best?

Personally I won't start buying again before I've seen some proper retracement and I am relatively certain said retracement is over.

USD/JPY Discussion

At this point I'm wondering how much lower it can actually go. Could it reach 1.3000?

EURUSD

Personally, I think it's testing support at 1.3340, but I won't be doing anything until I see some sort of proper signal on the 4 hour filter.

EURUSD

Personally, I think range will continue because there's a falling star candlestick in the daily chart. We have already seen this pattern repeat itself twice in the past weeks. image

EURUSD

There are two dojis in the daily filter with strong support below them. I think I'll be opening long positions now.

EURUSD

I think it was something like seven or eight consecutive trades back in 2012. That was not a pleasant experience at all. Still, I learned an important lesson - if you start a losing streak, stop, just stop and step away from the computer.

How long was your longest Losing streak?

Well, I think it certainly takes a while before it stops being so hard. It really depends on the person, on what and from whom they're learning, on their learning curve, even on their whole personality. I think impulsive people have a much harder ...

Is trading really that hard?

I stand corrected then. My apologies.

A "doable" way to take a $300 account to $1 million in 45 months