I used the last couple of days to try to develop methods to trade "difficult" situations.

EURUSD

???

EURUSD

It looks pretty over-extended but who knows. You missed a pretty good entry point earlier today in gold. I think I might set my entry point at break-even and go for a jog. First time I try gold with FXOpen and it's profitable.

EURUSD

ROFLMAO! Well, it looks ready to take a dump. We'll see how fast the interventionists are if it does.

EURUSD

What makes you think that? The chart looks phenomenal.

EURUSD

lol, been there, done that.

EURUSD

Thanks for that. Even though it looks over-extended, I might try that out in the next few days. Now I'm glad you can trade gold with FXOpen.

EURUSD

Well, I meant that ended up choosing a combination of a somewhat fast moving average and price levels for entry. I abandoned momentum oscillators.

EURUSD

I'm going to try to use an example from the stock market because I think it's more simple. Let's suppose you look at Goldman Sachs (ticker symbol GS) and British Petroleum (BP). Both spiked down on heavier volume after an uptrend after some negative ...

EURUSD

My belief is you only need one momentum oscillator, if you want to use one. I lost my respect for contrarian indicators months ago.

EURUSD

LOLOL, my approach is to try to use less indicators, not more. Besides, instead of using ADX, you could always do your peak and trough analysis. But whatever, to each his own I guess.

EURUSD

Maybe the EU money is being spent turning small reactions into big reactions instead of using technical analysis. I would have expected them to outright fool everyone by taking advantage of technical analysis but who knows...

EURUSD

We had a 2B reversal at the bottom. Go euro! Go higher so I can short again! Haha.

EURUSD

Well, the weakness of momentum oscillators like the RSI and slow stochastics and sentiment indicators like put/call ratios is they can keep on giving you "extreme" readings for long periods of time while a price is moving in the same direction. I ...

EURUSD

You know, of the 37 books I read on trading and the 24 videos I looked on trading, I think the single most important thing I did to learn more about price movements was to try to develop my own trade setups using technical analysis (I like Ed Ponsi' ...

EURUSD

Can you people imagine the shock if we'd have the same thing that happened last Thursday in the stock market happen on the euro? A massive spikedown would have everyone crapping.

EURUSD

I wonder if the EU have used the services of technicians to help them manipulate the euro. Seems to me they'd never allow a breakout.

EURUSD

Ladies and gentlemen, we now have lift off. lol

EURUSD

I'm using the MT4 platform with FXOpen and I usually test ideas with 0.1 micro lots. The only thing is you need to do a wire transfer if you live in North America to open an account. Usually quick fills with the occasional requote when prices move ...

EURUSD

For those of you who trade profitably, do you vary your strategies? Because I've found different strategies work better on some situations and not in others. I started varying my strategies to fit the situations and it seems like it might start to ...

EURUSD