you'd expect the dollat to get thumped hard after such a positive NFP, but resistance to an overbought euro is too strong. For me, technicals rule - 99.9% of the time.

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So what is your strategy for rectifying this problem?

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a lot of people getting cut to pieces today. I have the price stuck in ni man's land on the H1 chart, with my MAs far apart and in no order for a buy or sell. Easy day to get frustrated and lose money.

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and just one more thing. Here's a job for you this weekend if you haven't done it already. Go back through all your trades, and match what you took from your winners as opposed to how much you could have taken. You also need a record of how many ...

EURUSD

That is good, better than many of the pros. Your problem is more psychological then. You are not trusting yourself or your system and if you have an exit strategy, you don't trust that either. Your problem is one shared by nearly every trader out ...

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You don't sound very happy trader! What , if you don't mind me asking, is your win/loss ratio. That's a good place to start.

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G'night all, gotta shoot, see some of you next time I'm on, and oh, what a shitty day's trading that one was, hope some of you made some money!

EURUSD

I see exactly where you got killed, it would have freaked most people out, but judging by today's price action, it was no surprise. You've got to make sure your SL is above the highest high - was it I wonder? Not that that will always protect you, ...

EURUSD

Personally, I'd be holding on here assuming I was short from the 1.2910 area. I'd have moved to BE. I never take off anything, I go full out so as to maximize my risk/reward potential. If it breaks back up and knocks you out, which by my hour chart ...

EURUSD

I'm laughing only because I'm not sure if it's a serious ?. If it is, then if I was short, then I'd be holding my position, and as I'm not in the market, I won't be selling unless it comes back, and I get a signal to sell. I think it will ...

EURUSD

You've got some profit, so that's a good thing. We were talking yesterday on the forum about the difficulty of knowing when to get out or stay in a trade, in my opinion, the hardest part of trading. Hunches won't get you far though, only a proper ...

EURUSD

You talked yourself out of that one Satopi, that's for sure, but when your heads in the wrong place, it's better not to be in the market. Let's just hope it roars back up now for your sake!!

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Sorry for butting in on the conversation, but may I just say that the only reason you feel uneasy about your short is because you have one, a classical case of negative thinking and self-doubt. If you did not have a short, you'd be kicking yourself ...

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Very glad to hear it, haven't got a sell signal myself yet.

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the fact that if he's already short, then the best thing he can do is leave it open, but limit his risk. As you see right now, the euro is falling.

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Forget about going long, but if you're short, I'd move your stop to BE, it might just pay you very well indeed.

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Give him a break - he's airing his feelings, that's what forums are for in case you didn't know.

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Why am I not surprised by that reply!

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Explain please?

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Very dangerous to Buy or sell right now. You can feel the uncertainty and tension building as it edges higher, but it might just continue doing it, technically, it could climb all day. On the other hand, this sort of pa smells to me like a gathering ...

EURUSD