OK, I am long the GBP/$ and short the $/CAD. Protecting entry on both and we will see where they go. Edit: square on the GBP with nice profits, and square on the CAD with little profits. back to the side lines for me and waiting.

Technical Analysis Fallacy

The big jump corresponded with the Treasury's announcement on 7 years, which went very well, and resulted in a bit of a dip in interest rates on the 7 years. Lower interest rates may have helped to trigger the sudden fall in the dollar. Just my ...

EURUSD, what just happened?

Happy trading day to everyone! Fresh coffee and a clear mind. OK, let's get it on! Missed an entry on the $/CAD and watching it move, but watching everything else now. Trade well my friends.

Technical Analysis Fallacy

Hi everyone, been very busy trading today, piecing together the day with 4 ($/CAD, E/J and the GBP/$) different trades. Finally done for the day and in need of some rest. Hope you all had a good day. Back at it tomorrow. fti, sounds like you are in ...

Technical Analysis Fallacy

OK, I have to tell you that I do not know what you are talking about. LOL

Technical Analysis Fallacy

Hi luSan, glad to see you are trading today, but thought you were on your way to North Carolina. Hope you are well.

Technical Analysis Fallacy

Hi gbd, Sorry about your day, but not really sorry. It is a learning day for you that cost you very little but may pay big dividends in the future. Do not focus on what happened to your margin account, but instead go back and study the charts. The ...

Technical Analysis Fallacy

Serious lack of momentum in the market now, so stepping away for a while. Be careful with this market now, and good trading to everyone.

Technical Analysis Fallacy

LOL - you mean today? LOL

Technical Analysis Fallacy

OK, square now on the pound. I am thinking the juice is gone there for a while, so time for coffee and some fresh air. Back later.

Technical Analysis Fallacy

Hope you are in here too. Protecting 25 pips and if I am taken out will look for a reentry point. E/Y is stuck, should have focused on the E/$, oh well.

Technical Analysis Fallacy

Hi ukmanthailan, take some time to clear your mind before your next trade. Scale back a bit and work on what works best for you, do not rush it. Be careful today as the markets may jump.

Technical Analysis Fallacy

Good trading to everyone, am short the GBP/$ a few minutes ago, and watching to see if the E/J will cooperate for a short. We'll see. Good trading and be careful today.

Technical Analysis Fallacy

Maybe that is why Obama announced the re-appointment of Ben this morning, to get out in front of bad news? We'll know in 6 mins. I am not long the Euro yet but maybe soon.

Technical Analysis Fallacy

Good trading day everyone. I am short the $/CAD and protecting entry, kind of jumpy and jerky today, so being careful. Back later. Edit: Square on the $/CAD now and waiting for a better entry on the E/$ or E/Y.

Technical Analysis Fallacy

Hi luSan, Hope you are well. I started writing a detailed answer to your question and found that I was explaining a large part my trading strategy, which is not where I want to go here. So to answer your question, no, rescue is not part of my ...

Technical Analysis Fallacy

Hi Ray, when I say protecting my entry, I mean that I will not allow the PA to move beyond my enty and still be in the trade. If I am protecting the entry price, I am usually up 15-20 pips. Hope that helps,

Technical Analysis Fallacy

LOL -- you study history for a few years and then you will learn something new. Start with ancient history and social development. Man, you guys are tough here, but I will not do your work for you. By the way, anyone who quotes Ronald Reagan is ok ...

The Ethics of Trading - Is Trading Parasitic?

It depends on your belief in God. If you believe in God, then "Thou Shall Not" seems pretty clear, so in matters pertaining to those items the answer to your question is, "Yes, absolutely, 100% correct." Many people today don't like that answer, but ...

The Ethics of Trading - Is Trading Parasitic?

Boy, this discussion has really evolved into...something. You all probably know that the definition of stealing has evolved over time. At one time, about 2000 years ago, taking food from someones farm or orchard in order to survive was not ...

The Ethics of Trading - Is Trading Parasitic?