My trader friend in fiji (current time past midnight) will wake up at 3:30 a.m to trade NFP GLOBAL TRADING

EURUSD

Retracement i am not sure. As per fibs, retracement is due. I want to short it at a good price and go for a vacation

Cable Update (GBPUSD)

My god- No retracement in a 2300 pip movement !!!!! — Look at this data: G/U April 22, 2009- 1.43 June 3, 2009- 1.66 It went from 1.43 to 1.66 without doing any proper/meaningful retracement !!! In current situation, It has gone down ...

Cable Update (GBPUSD)

My unique problem is- I want to short at a good price (1.55 i find good) and cover the position at 1.40. 1500 pips game. Why G/U and E/U are not doing a proper 61.8% retracement?

Cable Update (GBPUSD)

Singh is King.

Baptism of a Sikh

Last year long A/U at an average price of 0.65 Long A/U at 0.65 Sell it at 0.90 Total profit = 2500 pips 2500 pips X 100 standard lots = 2.5 million US dollars I am sick of gaining/loosing 40-50 pips in day trading set up Try ...

Invest 10 billion dollar with 1:500 leverage, possible or not?

I agree...The thread which you have created contain golden words for new and experienced traders.

Addicted to forex trading affecting studies and career

Very right. As an example: lets say one has shorted G/U in jan at an average of 1.62. Short G/U at 1.62. Cover it at 1.40. 2200 pips 2200 pips x 10 standard lots = US $ 220,000 Repeat the calculations with this year E/U short, last year ...

Addicted to forex trading affecting studies and career

Right. I will finish the studies. Thanks for your guidance.

Addicted to forex trading affecting studies and career

Great chart Peter. Simple, beautiful and elegant chart.

Cable Update (GBPUSD)

Thats good..atleast all are sell and in major trend.

Cable Update (GBPUSD)

1.05 is Support 3 on yearly pivots for 2010. I think thats an extreme target. In that case, you must be looking at a continued US $ bullishness.

Cable Update (GBPUSD)

Well, the whole point is whether it will retrace to 1.54 If 1.50 is the last call to enter the short ride, then think for a moment. Enter short at 1.50 Cover it at 1.40 1000 pips gain 1000 pips X 10 standard lots = $ 100,000

Cable Update (GBPUSD)

I agree...retracement is due. But one point to notice is it has retraced to 5130 and thats about 50% retracement from 1.55 high- 1.47 low. I am not sure whether it will retrace fully- high 1.64- 1.47 low. If it retraces this way, then we can expect ...

Cable Update (GBPUSD)

I agree with you. I have talked to a CEO of global forex broker. He says we want our retail clients to go ahead and win against likes of JP Morgan, GS, UBS, Barclays trading floor etc. There can be mistakes but no way the broker intentionally cheat ...

EURUSD

Yes honey..those tweezer bottom and doji..i didnt knew it was called tweezer bottom..tweezer bottom is a bullish signal..right? By the which forex provider you are using for charts? Your charts are impressive and simple to analyse.

EURUSD

I am quite optimistic E/U to hit 1.27..but the problem is it is showing dojis in last 3 weeks and not doing a proper retracement to 1.38-1.40 where fresh shorts can be build up. Think for a moment: Short E/U at 1.38. Cover it at 1.27. = 1100 pips. ...

EURUSD

I want to short E/U at 1.38/1.40 for TP of 1.27 = 1100 pips. I am sick of gaining/loosing 40-50 pips day after day like a beggar. I hope E/U complete its retracement.

EURUSD

Yup mate..beautiful chart. Pink colour, neat and clean. Our Males chart- Solid lines, dark colours with dozens of indicators

EURUSD

Amazing...pivot trading is a secret floor trader method..not many retail traders know it. Acumen, do you use weekly and monthly pivot as well or only daily pivot for day trading?

EURUSD