After all, it's better than crack. That's how I look at it. lol

Forex Addiction

I'm with you on this Zoran. I am looking for this retracement to go until around 2.07. After that, I think we will get a reversal to the upside again. If that happens, my target is going to be 2.1 again.

Cable Update (GBPUSD)

For the Eur/Usd trade that I am currently in, I am going to cose the trade as soon as I am in some type of profit. The reason is that I believe we will move upwards a little, but then we will move down south because of the pin bar on the daily ...

MW's trading journal

Thats absolutely awesome. I love offroading, but I do it a little differently. I race motocross and ride my dirtbike over most weekends. Nice jeep by the way!

FXAnalytics

You can clearly see why I think the Pound will correct down to the 2.07 area on the daily chart, and I will make myself clear by the 4 hour chart. On the 4 hour chart, I think we will move to the second dynamic fib level before seeing a reversal to ...

MW's trading journal

According to my knowledge, the Euro loves the 38.2 fib level. This fib is around .XX20. I think we could see a little past his level actually, but not much. With that, I still feel confident that it is not going to make a huge retrace down to the ...

MW's trading journal

Well the reason I am saying to 1.4600 again, and I doubt it will even get there, is that the buying pressure is too strong for a large pullback just yet. I do realize that we will most likely see a pin bar on the daily charts that is bearish, but it ...

MW's trading journal

I've decided to place a buy order on the Eur/Usd. It is a bit premature, however, and I still think we will see more downwards momentum before continuing upwards again. If the daily candle closes at or around this level, then I think we could ...

MW's trading journal

I think we are going to see a solid buying opportunity in the Eur/Usd. It moved down to the support and has moved back up away from it, creating a pin bar on the 4 hour charts. I will wait for the bar to close, and then take the trade if it closes ...

MW's trading journal

I'm not seeing anything worth trading now as all the big moves happened earlier in the day. I'll post over the weekend if I see any solid weekly trades.

MW's trading journal

I also forgot to mention that history does repeat itself. If you don't stay within your means and knowledge of your own abilities, you'll revert back to what you used to do. So stay fresh.

Psychology is nothing

Once you learn how to control your emotions and take action, then it becomes second nature. Until then, psychology plays a huge role, because if you don't know how to let go of them and harness your ability to trade, then you will lose. A lot of ...

Psychology is nothing

I've decided that I am going to add another position to any of my trades and take profit on it fairly low to compensate for a loss if I were to take one. I mean that I will add another position and take profit anywhere from 20 to 40 pips as a ...

MW's trading journal

Based on the dailies, I think we will see a reversal signal soon on the Eur/Jpy for the climb back up. I still am thinking bullish on this pair. We are at the bottom of the daily range now, so I think we will see that reversal on sunday or monday.

MW's trading journal

Yikes, took profit on the 165.46 trade, but got stopped out on all the others. I took profit on it at 165.80 for a gain of 34 pips. The other ones stopped out at 165.20 for a loss of 30 pips and a loss of 55 pips. You have to take your winners with ...

MW's trading journal

I added a few more about a minute ago or so at 165.46. This is the last of the buyins for this trade as I keep sound money management principles and refuse to break them. I could see this trade turning out for the longer term as the weekly charts ...

MW's trading journal

Happy birthday Gents!

james16 Chart Thread

I added to the position at 165.75. I knew it would retrace back to this area at least, so I put in the market order for it. The reason I knew this was because price faced resistance at the 165.90 level.

MW's trading journal

Its not the USD losing any love, instead it's losing all of it's backing.

Has the USD lost its love?