Probably heading for the resistance area below 770, touch the 1h 100 ema and sma and go down, possibly even quite fast.. I messed up today, good predictions

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We've got this long 15m downtrend channel from yesterday, with a fakeout this morning (europiand time) on the drop. Can't believe I missed it before.

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No, we're already far away from s1... That was a 30 pip 5m candle, what the.. who died??

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Hmm... doesn't look like that to me, I'd say rather 4570, yet again.. But we'll live and find out..

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Ok, maybe, but with realistic mm if I might add.. With a 100 leverage I could double a demo in one day on about half the days I trade, don't ask about the other half...

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Welcome, anytime. Watch that LTL formed by the previous two lows now at 4660, I'd tp on a break of that even if I was very liberal. GL

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Ok. Just consider that if and when you'll be trading a real account - 10 pips would mean about 2% of your account with that leverage. I don't know your financial situation, but let's say you're trading for a living and have a 50k account. Every 10 ...

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Donno man, I'm not too good with that myself yet, like protecting my profit a bit too much for my own good at times. Then again forex can be a nasty beast and quickly run in the other direction on occasion. Maybe 675 or tp around 47 if we get there ...

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The strong bounce down is right off the central daily pivot. Could go back up on the US news as it's not that good, but if we get a positive surprise as most us news were recently, down we go I believe..

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Think we'll go down towards 650 now..

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You're still in it ? What can I say, good call or good luck but profit is profit

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Set the leverage to 10 ? That's even worse advice than not to put warrenfx on your ignore list. Altrader, my advice is, unless most of your trading is based on small scalping trades, forget about it. Go for the 1/2 - 3 leverage range and if ...

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That's what I mean. Not expecting any big bull moves either.

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Well, I guess that should stop the bears at least until the US news..

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My guess is 4570

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What exaclty ? In a strong and clear trend like we got wait for a sizable retrace and short as it seems to reverse a bit. You can have a wide sl with even less than 1:1 ratio and if it still keeps retracing add small positions like every ...

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If you do it successfully then great for you RocRoy I prefer scalping the retraces on trend with small amounts and be liberal with my sl on such trades, the trend gets you out of trouble on those. EDIT (chart):

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Hmm.. and about 80% of traders agree with you on Aussie according to Oanda positioning, doesn't that sound a bit strange.. Hope you keep your sl below 0.85

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Yes, small one, don't mind holding it through some red for a while. Think we could head lower soon..

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Hey Jay, just put the guy on ignore, that's what most of us here did already.

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