You may already do this but I always look at the trending in the charts along with double BB's set at 2 and 3 respectively and a few other such as PSAR and EMA as my main indicators. This is how I put in a postition: When I short or long, I am now ...

EURUSD

A pet peeve is I wish traders and brokers would quite using the terms bulls and bears in a currency market. Most people thiink if price movement goes down then its a bear market. For the USD, the last year it's been a 'bull' market. Bulls n bears ...

EURUSD

Actually the only big boys in the game are the central bank's. The predominant moves is when the banks open or some silly announcement, although there are some actions that can dramatically affect the market.

EURUSD

TraderRaven7 when you start trading currency, think of your first two or three deposits as a tuition. It takes time to get the feel of the market. Your losing is, in one sense, your classroom for you to learn from. Best of luck...

EURUSD

The big boys usually take the Friday off thinking of the weekend. You can always trade...

EURUSD

It's so close to the daily chart 50% retrace at .0980 that I would think it would try to hit it so I'll wait. Meanwhile, it's my last day of school as a math teacher, then backpacking in Mexico!

EURUSD

It was a good run down but as usual, I got out too early but a 140 pips is not bad. The day chart seems to be in a turnaround for a retrace. I'll wait for a buy but I'll wait for the dead cat bounce.

EURUSD

Although this quasi consolidation has not been very long, if it breaks 1.13 than I have little confidence in a rebound at this juncture. A lot of psychology is at play here as well. If the central banks want parity, there will be no choice but to go ...

EURUSD

Haven't currency traded in months and when I saw the flat line of USD/CHF, I decided to short. You can imagine to my surprise at 4am in the morning when my alerts went off. Made gobs. Immediately closed out and went back to sleep with a smile on my ...

EUR/CHF

I'm short on this one with the hopes GU go down a little more before I go long.

Cable Update (GBPUSD)

Smash1829... "...Some insight on this topic would be greatly appreciated, as I am thinking about going long NZD/USD when the market opens on Sunday." The long term trends (charts) are suggesting a downturn so if you go long, be cautious on the entry ...

NZD/USD

Can't disagree there. Once I get out of my shorts I'm going to go back to daily trading. I'm leaving way too much on the table.

EUR/JPY

Good position. Are you going long or short term? In other words what is your strategy for this play?

EUR/JPY

I had to sell off a couple of my NU positions to stay afloat while the EJ retrace was going on. That was my fault. I was too heavily positioned. Had to sell about 80 pips in the green. Now if we can break the 134.xx range all is well. The daily ...

EUR/JPY

It looks like there will be a continuation down. So far I lost about 40 pips on the retrace. Still about 200 pips in the green. I'll stay in the game for another 20-30 pips but if there is a break on the upside, I'll cash in and call it a success.

EUR/JPY

In my view there is no currency worth holding... All currency are in a natural state of flux seeking balance among it competitors. All currency is meant to go up and down depending on the vagaries of the economy whether they be good or bad. It's all ...

NZD/USD

EJ - According to my OHLC and Bollinger Bands, and EMA (that's about all I use these days for trend spotting) these are the trends of the following charts: As of 8/12/2014 PST am The 5 min to 1 hour charts are strictly used for positioning--or ...

EUR/JPY

Still have a pending position at 137.86 to short. If it breaks and goes up some more, I'll have to add to my short at 137+

NZD/USD

Tried shorting EJ but just missed it by a couple pips. Maybe on the next bump. The ATR monthly for the last three months has had a range of only about 300 pips. This month will probably determine its direction. I also have positions in NU which both ...

EUR/JPY

Tried shorting NU but just missed it by a couple pips. Maybe on the next bump. The ATR monthly for the last two months has had a range of only about 400 pips. This month will probably determine its direction. My OHLC indicator for the monthly ...

NZD/USD