hey guys, hope everyones week is going well. I have midterms this week and next week which pretty much makes my life suck right now. Im holding my Eur shorts from 1.3720, as well as my jpy longs, tommorrow is a big day with nfp, everyone is ...

The College Trader

on my scalps i look for < 30 pips, on my multiple position trades(i hold a little bit longer, anywhere from 2-14 days) I look for well over 100 pips on these types of trades. I always use discretion however, sometimes scalps turn into 50 pip trades. ...

The College Trader

hey, I demo'd for about 6 months before i went live, and that was the best thing that ive ever done....this is important. You have to train yourself to completely remove emotion from the aspect of trading. THIS IS LITERALLY THE KEY TO SUCCESS. Treat ...

The College Trader

did you use eu and uchf to hedge? i closed longs and went short 1 lot at 1.3729, ill take a little bit of profit soon to lock in some green. On my ujpy long trade im using stops that are wider, around 100 pips(what i generally use for multiple ...

The College Trader

that sounds like an awesome opportunity....wish i had something like that at my university

College courses for forex

I closed all longs and opened shorts about an hour ago....just bounced off a major monthly trendline....looking to go back to range lows below 1.35

EURUSD

ok i had to go to netdania.com to find an all time chart....ne ways which direction does the pair appear to be trending? its pretty obvious right? The further we look back, the better overall picture we get to where the pair is headed....im selling ...

The College Trader

post ur chart as a jpg....just hit print screen then paste it into paint

The College Trader

wouldnt doubt it if we see this tonight or early morning....esp if aud gdp is strong, aud seems to be headed for 91

EURUSD

The first thing i look at is how strong the current trend is, whether its going to keep going, or if its coming to an end. I like to build positions from the beginning of a trend. Like here for example, its obvious that some shorts are exiting and ...

The College Trader

the initial equdistant TL i use is always determined by the monthly trend....then i go to the highs or lows and look for the tl where the largest moves are made away from that tl...for example eur/usd monthly, the bottom tl is the major uptrend, and ...

The College Trader

I use fxcm and mt4....i like fxcm bc it has a lot of good tools on it and its easy to use

The College Trader

look how the price reacts to these bottom three lines....then go back to the chart and look at the first trendline that i drew from the alltime high of the pair....ill base the other trendlines on the same slope of that first TL.

The College Trader

looks like stops just got taken out

EURUSD

im pretty pumped for this....however i dont think shia lebeouf was the right choice for this role

EURUSD

On the 4h chart, I see two levels where most buyers will be probable, 89 and 88.33. Price has been respecting this blue trendline since 1/25. I move to the 1hr chart and see a pattern that keeps getting larger(this suggests that the current trend on ...

The College Trader

On the daily chart, an inverted head and shoulders formation appears to be forming with 85 as the head, 92 as the neckline, and 88.33 as shoulders. On this chart I draw more trendlines that show where price is traveling in the downtrend from 100. As ...

The College Trader

Next chart is weekly. More or less the same is being show here as the mn chart, except more divergence is being show from the MACD, reinforcing what the monthly MACD showing that the current trend is slowing. A rounded bottom appears to be forming.

The College Trader

Ive been getting a lot of PMs about how I come up with my trades and numbers. Ill start posting my live trades and charts on here to show those who have asked about it.... Ill start with usd/jpy, i think br asked about it. Its a very tough pair to ...

The College Trader

Hey br good chart, good idea and rationale behind ur thinking. Interesting that you picked u/j, its a very tough pair to trade. What time frame do you start your analysis? You should start on a monthly and work ur way down by every TF(mn, wk, daily, ...

The College Trader