soso, i think you have too many lines...pick your best ones...keep it simple! l said last week that you could of positioned yourself for the break by buying on support (look how many times it tested and failed). it was the older line than the ...

EURUSD

i think this would of been the better trade today...following this alternating resistance then support line is looking good so far...

EURUSD

ok...more s&r levels to look at: lets see if buying on the trendline before the break works in the next few days...(i didn't take this trade)

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Again I would urge people not to mix their thoughts and opinions of markets with what they see on a chart - unless their main focus is fundies. It's fine to have an opinion given the economic data...but traders far more powerful than we could ever ...

EURUSD

I think those marbles were removed when his stops were hit!

Show your workstation!

No doubt he was an expert tape reader, it's his money management "bet the farm" approach at times when he thought he was right I didn't agree with. Boom...bust...borrow...boom...bust...<blow your brains out>...couldn't he learn the lesson quicker ...

Show your workstation!

it's currently sitting on support that's been tested around 7 times already...i would be cautious on this pair right now...still in a range i think

EURUSD

remember my "rules" are just one approach...you might have a better way of doing this. whatever method you choose, always check your pairs against a correlation table or in a spreadsheet. i will state again I think four pairs is enough. if you want ...

Favorite pairs. Why? How many?

Hey Soso!!! Your list is nearly lke mine (well the first 3 anyway)! Actually I might dump EURCHF for GBPCHF so that I have for forex: EURUSD EURJPY EURGBP GBPCHF So after my current eurchf trade I will pull the plug on this pair.

Favorite pairs. Why? How many?

I think you have too much dollar exposure. I would go: GBPUSD EURJPY or EURUSD GBPJPY for your first two, then: EURCHF or EURGBP or GBPCHF, AUD OR NZDUSD then pick a commodity cross from CAD, CHF, AUD & NZD.

Favorite pairs. Why? How many?

For all traders that just follow the dollar, it might be worth reading: url Check out the forex section there for more ideas as well.

Favorite pairs. Why? How many?

I would recommend in this order: 1) USDJPY - JPY is the "home" currency for the Asian session so this should be your main focus and hence major, then: 2) EURGBP 3) GBPCHF That should be OK for starters, then perhaps add 1 more from the minors list: ...

Favorite pairs. Why? How many?

what's the correlation between usdjpy & usdcad? i think to follow about four pairs is a good size as well...less is boring and more is too much hassle. i think the worst thing you can do (and what most people start off with) is follow all four usd ...

Favorite pairs. Why? How many?

ok my choice is: 1. eurusd 2. eurjpy 3. eurgbp 4. eurchf (5. sp500) i know the last one is an index! : i can't get mataf working on firefox but last time i looked eurusd & eurjpy had a +60% correlation (bit high i know). i think eurusd vs gbpjpy ...

Favorite pairs. Why? How many?

you've highlighted the key issue here - correlation. here is an technique i've used in the past: 1. pick a usd major - any will do - but i would consider the eurusd or gbpusd for spreads and coverage. 2. let's say we picked eurusd, then we have ...

Favorite pairs. Why? How many?

again a rerun of the s&p would you sell here...i would actually buy but hesitantly since it is in a triangle formation... on the sellside i would like to see a clean break and 2nd touch... i've drawn on a couple of support levels i'd be watching ...

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Dude, it's anybody's and everybody's thread...mess all you like!!! Here is where I second guessed my system and missed...another weakness I need to work on. I'm finding the hardest part of trading nowadays is...myself...why can't I just master ...

EURUSD

Dude, weren't you looking to eurjpy!?! : It'd be boring if we all thought alike, wouldn't it!!!

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What's the big drop!?! When's it coming..? I would be tempted to buy near support...

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It's funny how we see different things in the same chart - talk about subjective!!! : I see a flat range rather than a down channel, I would still be tempted to follow the support line. The grey bar is the measuring bar for the range - that it is ...

EURUSD