I think it was some psycho thing because I was plagued with that same problem and would only short the EU. Once I discovered the daily uptrend and downtrend, with fear and trembling I put in a long and lo and behold, I made a profit. Now I'm a bear ...

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This is what I do once I'm in the green. After about 15-20 pips I put in a zero stop so I never lose. When it goes to 40-50 pips, I usually cash them but if I want to go longer term when it hits the 80-100 pip, I'll place a 40 pip stop-profit and ...

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It's best to trade the trend and few I know who can find a top or bottom accurately but there are fib lines and pivot points which are natural supports and resist's. It's holding above 3270's and if it breaks the 3300 no telling where it will go. ...

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Got 3 pending shorts in: 3314, 3327, and 3339. Time to head for the pool...

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My feeble attempt at humor... I did not realize how serious this place was. Will have my game hat on from now on.

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Wow guy... the market goes up then the market goes down. What's to hold the nose? What's to hate? I get the impression that you have expectations when it comes to the currency market.

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Some people, particularly on this post are very good at positioning and set their lot size accordingly. I am not one those who are at that skill level so I do the next best thing, I position average my play. It's like dollar cost averaging when ...

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Since we are talking trillions of trades on the currency market daily, a broker (or as you call it--market maker) is nothing more than a fart in the wind when it comes to influence, we are forced to look at what central banks do and if any change in ...

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I put in multiple positions. In this case just two. One at 1.3224 and another at 1.3248. I set the SP at 1.3184 and walked away. It was a channel play and got 40 pips with one position and 64 pips with the other. I was going to turn around and do a ...

EURUSD

Closed short for 100+ pips Scalpers - buy 10 -20 pips Day Traders - buy 40+ pips Trend Traders - trend is up but is in a down swing so I would wait it out for direction.

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After the dramatic shot up for the EU, it is in its predictable consolidation mode. My indicators say the trend is still up. It seems reasonable that it will test the 1.32xx top. It also seems the feds won't allow in the long term picture, for the ...

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About what? People on this post act as if the currency market is like the stock where hedgers and investors can and do sway a particular stock one way or the other. The currency market is too big for billion dollar hedgers to make a difference. It's ...

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I'm not really trying to be contrary but I just don't understand the idea of bulls and bears in the currency market. Do you guys really mean that the currency is 'bullish' or 'bearish' or are the there traders who actually view themselves as a bull ...

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All fiat currencies are out of control in their QE. I suspect there will an eventual agreement among the major currency nation states to re-calibrate to a unit of 1 and have strict rules regarding bank loans. Exotic currencies will have to comply ...

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It's all Bush's fault... right?

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After a run like EU had, there always seem to be a breather before the next go around. It got my account up 30% for the month but I prefer a more predictable currency pair. If EU continues to be this volatile, I might start looking for a more stable ...

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Prosecution did not make their case because the was no case. We haven't had a race riot so we are long over due since the last one with Rodney King. Regardless of the facts, they will probably convict ol' George to quell the people's thirst for ...

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This is not the stock market where you can actually see your trade on L2. The retail market in forex makes zero impact. We are here for the ride only.

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A little over 600 pips on that one... Me happy!

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One minute I feel like an idiot for my long positions and the next minute I feel like a master trader. I am so impressed with myself. I wonder what it was that gave me such wisdom?

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