Warta, your little saying caught my attention and think you may find this story amusing. My son had a freind at school when one day the teacher asked everyone what their father did. My son came home and told me what happened. My son and everyone ...

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OK. So as not to confuse anyone trading live. The question was specifically for the forex learner. He/she still hasn't given an answer so can't help them. AS for the trades, I took the first one and made the profit. I also took the second one, ...

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I think you are reading more into the question that I asked. I didn't want an analysis (didn't mean to say your analysis was wrong). Basically, should I take the trade and why or why not? and not a question of analysis, you can assume I already did ...

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question expired, but you can give a retrospective answer.

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Wrong answer, but the question wasn't for you. question extended another min

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Richalok, you can't wait for the move to play out before giving the answer. Question expires in 3 minutes

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Yes

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OK. first free lesson. I want to go long above 1.3270 in the 3 min chart with a target at 1.3289 because I think the market must make a higher high, at which exact point I want to short the market for a large retrace of over 100 points. What should ...

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Don't beat yourself up. You're in good company. Just consider $1000 as your tuition fees paid. Now you are wiser.

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That goes without saying. If you are just looking for a new strategy, then you will probably end up losing again.It's much more about startegy. It's about you, about which time frame is best for you, about which instrument is best for you to trade, ...

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So, you didn't lose real money?

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When was your last trade and which time frame?

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It would be a wonderful thing to see a spike on bad news down to 1.3153. That level has to be reached as far as I can see. I'm rather hoping it doesn't take all day to get there.

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That could only mean one thing. More correction. When the effects of any bad news wears out, and I'm guessing a few hours, I'm loading up again.

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USD is considered safe haven, so there was a lot of buying last few months for fear of the effects of the credit crunch. Bad news for the economy means fear persists. So more dollar strength. Now with the swine flu, this is a catalyst to move ...

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1.3262 level short worked out for me on second go. Anyone else profited from short or are holding for more?

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Price only stalled at 1.3262, but it stalled long enough for me to know that if it trades below that level it's a short on. Meanwhile stopped out

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What time frame are you trading ?

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I though it meant just printing more money, only a fancy way to say it

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Sold a little early as it appears the market is having trouble reaching that price level

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