Glad to hear of your success with the euro. That 4300 area seems pretty strong and I would guess there are more that a few stops up to 4350, so you may get quite a ride soon. I am keeping an eye on US futures and sitting on the sidelines. Trade well. ...

Technical Analysis Fallacy

Agree. Arguing about the value of demo trading seems to take this person away from, what sounds like, the real problem.

Should I go against myself?

Hi Real, I noticed your new thread here and had a minute to comment. I checked out your FF history and noticed you have started your fair share of threads in an effort to get trading help. The following is my opinion only. First, you should not be ...

Should I go against myself?

Good trading day to you all. I am short the $/Y at 94.87, protecting my entry and shooting for the moon - lol. Let's see where this goes. Hope you are all trading well. Edit: Have taken 1/4 of my position off at 94.55. Edit: Ooops, just noticed ...

Technical Analysis Fallacy

OK, I am done for the day. Not much to show for the effort, but can't complain. Been listening to the news and looks like an interesting week shaping up. Can't wait to see how it unfolds.

Technical Analysis Fallacy

Good day to everyone trading this very fine day. I have taken a short position on the CHF at 1.0672 and am hanging on to it for now. Seems to be stalling now. Hope you are all trading well. Back later. Edit: Darn, missed the trade on the CAD ...

Technical Analysis Fallacy

This reverse triangle formation on the EUR/$ is why I have been avoiding the euro this past week. Looks like a big battle going on between big players, so I will wait for the winner to emerge and then join in. Until then, there are plenty of other ...

(binned per thread starter's request) For What It's Worth

Happy weekend everyone. I was doing some chart work this very fine afternoon, and noticed the comments on the E/$. My bias is to avoid the euro. I avoided the euro this past week and am still on hold as the new week starts. The price action has lead ...

Technical Analysis Fallacy

Last Week CAD — CAD has completed its retracement and is now very close to the recent low at 1.0785. Decision time? I traded it down all last week and am going cautious for the start of next week, but if the pace of dollar weakness picks up ...

(binned per thread starter's request) For What It's Worth

Answer to question 1: The trading station that FXCM UK uses works pretty much like the pre-FSA regulated station at FXCM US, where FIFO is now the rule of the day. I moved my station to the UK to maintain some operational consistency and will keep ...

FXCM directing applicants to the UK

Short the GBP/$ at 1.6414, protecting 2 pips now. Edit: Square with 4 pips.

Technical Analysis Fallacy

I have been on a break the last 30 min and will go do some non-trading things until NY open. My head has been not connected to the market thus far today, and I need to re-think things before trading continues. Fresh air and fresh coffee before ...

Technical Analysis Fallacy

Happy trading to everyone. Hope you are all well and trading well, too. I have taken a 1/3 position short the E/$ at 1.4208, and will exit this one at 4235 if south fails. Edit: I added another 1/3 normal position to this now at 1.4206 to average my ...

Technical Analysis Fallacy

The move south on the E/$ may be the start of a larger move south, as I mentioned earlier, but not sure right now. It may be worth watching this evening. I am off until London, so good trading to you all. I am not a crystal ball person and am not ...

Technical Analysis Fallacy

Still on the sidelines and am feeling tired. I think its time to call it a day. Discovered long time ago that it is dangerous to trade when tired and when the mind not able to keep up. I have been avoiding any trade of the EUR/$ all week, and am now ...

Technical Analysis Fallacy

OK, now square on the E/J at 135.35, and protecting the CAD trade at 1.0875, I hope giving it some more room to run south. This market is confusing to me, but have been able to set that aside and just follow the PA. Wow, GBP and EUR now moving, too. ...

Technical Analysis Fallacy

OK, I am long the E/J at 134.68, and short the $/CAD at 1.0954. Need to focus now.

Technical Analysis Fallacy

OK, now out of the GBP/$ at 1.6497 with 3 pips. It just refused to go above 1.6519, but thats the way the forex trades go sometimes. Now on sidelines evaluating the market.

Technical Analysis Fallacy

Good trading day to everyone. Nice to see some traders here today. I am long the GBP/$ at 1.6494, protecting 2 for now. Focus on the cad and E/J, too, again. Hope you are all doing well, and I love BB King, too.

Technical Analysis Fallacy

Hi fti, yes the ranges are pretty big, too. Glad to hear that you are trading today. I tried to trade and document here today as I was going along but that is kind of hard when range trading, but I think I got most of the action document here. Night. ...

Technical Analysis Fallacy