i'm also realizing that fundamental analysis on currency market is terribly difficult for me as opposed to stocks. Everything you can think of affects currency like stock market, speeches, banks, politics, etc. Plus you have to take into account ...

USD/CAD towards parity 1/1 ?????

woow..talk about crowd behavior...

USDCAD trend reversal?

shooting star!!

Steviet's Live Trades!

just checked my usdcad and eurocad trades.. all i can say is whooooah...this is some good times eh!

USDCAD trend reversal?

the mentality that 'it can't go any lower' is so prevalent in here. Trading is about going with the market rather than impose your beliefs on it. I've read quite a few books on stocks and one of the MAJOR themes that I find in stock trading is ...

USDCAD trend reversal?

oh geez..

USDCAD trend reversal?

I use the Barclay group ( url ) to gauge my performance. If you register (free!) you can see the performance of the top 10 currency traders on the right.

Do u have a benchmark?

I use the weekly/montly bear/bull candle transitions that contain the price. So I assume since they are the top highest timeframes, it would definitely be strong. And my daily chart serves as a lower timeframe to observe a clearer picture of price ...

Price bouncing off support or resistance,your thoughts

let me guess...u use oanda??

Into the Swing......

Plus the chart on these brokers do NOT represent the true price. Since forex is a decentralized market, you have to look at higher timeframes in order to rid of noise that is unique to each broker (this is NOT a stock market where it is regulated ...

Why H4, not M1?

Jacko said in his thread that prices are more likely to bounce then penetrate s/r. So my system assumes that. Even when price breaks it, I would wait before entering in the direction of the break until a session has a made anohter close beyond that. ...

Price bouncing off support or resistance,your thoughts

Here's an idea that I have been practicing. Instead of looking for a system, try to brainstorm some concepts about the markets. ex. why does s/r exist? etc. You don't want to look into specifics like indicators, what period should i set my rsi or ...

give me a system

From the way i trade, I am very conservative as to what constitutes a break. If the price close another session beyond s/r, then my perspective change from a swing trader to a trend trader. I determine s/r from the weekly and monthly, and trade from ...

How recognize false and right breakout of support or resistance level.

some of the things above just contradict each other..

10 assentials forex trading for newbies

i've had few shorts eurocad since mid april (1.5250 ish) recently i just closed a position usdcad trade, and reopened with couple of position since 1.1055 these cad pairs have been a trip with gas rising and good fundamentals. But I'm sure it's ...

USDCAD trend reversal?

i never scale out a position that's going against me, but I do scale in winners, provided that previous postion is locked in profit AND new position risk do not outdo the previous postion if it's a loss the way i add is to look for bear/bull or ...

Scaling out of losing trades...

man, you are a made of steel

USDCAD trend reversal?

oh man, this is would be my biggest trade since i've started in August of 2006. There's no bottom for this usdcad. I hope it'll go under $1!!

USDCAD trend reversal?

whoah trailing stop with oanda??? the possibilities!

Oanda just lower their spreads!!