I agree that hedging is a crazy trading strategy per se. But, if you are caught in a LARGE drawdown as inexperienced traders frequently are; then hedging is a sensible means of escape... a last ditch chance to save your sorry ass! In particular, ...

EURUSD

I don't think this is that rare - at least as I see it: the price moves in one direction during most of the day, then "consolidates". After liquidity drops off in the post NY session, they go for the kill if it's worthwhile. If not, then the price ...

EURUSD

...not weird at all. Traders who tried to fade the down move earlier in the day, assuming the short squeeze would re-assert itself, were dragged underwater when E/U continued to fall throughout the day, and it will probably keep falling because ...

EURUSD

I'm not challenging the usefulness of candles (or fibos, channels, EW, etc). I am willing to pay attention to everything; but, each trader gravitates toward something that works best for them, and gives proportional weight to other methods according ...

EURUSD

You could say that candles are a way of analyzing trading reality, but I believe that in fact prices are driven by strategies to make money, not to make candles do a particular thing. Sometimes candles lie. Btw: did you notice that price fell below ...

EURUSD

Reality check: too many fade trades to pass up on a day like this. Too many stories about shorts being squeezed. Go down to 1.24, you empty all their pockets.

EURUSD

I'll guess that's hunch since we're still deep in the main down channel. Doesn't seem to be any reason to break out. 1.24 sounds reasonable.

EURUSD

Thanks for the confirmation

EURUSD

Monthly pivot? — I haven't used monthly pivots but that line at 1.25744 sure LOOKS like it could be a pivot. I tried doing the calculation w/monthly min, max and close though and got something else: 1.2666 ... I also checked a website ...

EURUSD

Moderation for >3 times? — FF, I have couple of questions: 1. What exactly would be the point in posting on this forum if the post doesn't appear when it's relevant? 2. Do you really expect someone to post something unacceptable while being ...

EURUSD

Starting from the same point... — Restarting from the same point periodically has worked very well for me: I trade my account up from 10k to >100K, at which point I start over with 10K. I do this on average every 10 trading days. Of course I ...

EURUSD

Funny story — Saw this on ForexLive this morning, got a chuckle: "Do not fade this trend friends. It is much too strong to be trifled with. Too late to jump on board, but don’t try and pick a bottom…" -Jamie Coleman I love this guy's ...

EURUSD

I think you've been found out! — I believe you are a very clever fellow; but, I do not believe that is a currency pair... it doesn't look sufficiently self-correlated. Perhaps that is the output of a random number generator, no? (or the ...

EURUSD