Wow, that's one big green candle on steroids! Does somebody know something? They usually do. Probably an announcement coming and my trade will just cancel out tomorrow if it continues to climb.

Starting with $50

1 hour chart — So, when we looked at the 4 hour chart we saw that both Stochastics were overBought. That means we will look for the 1 hour chart to be in an overbought condition, ready to correct. This will probably drop down to the 61.8% ...

Starting with $50

4 hour chart — This is the 4 hour chart to give us the direction we will take. Is it overbought or oversold? The Stochastics will show us...

Starting with $50

Tonight's trade — Now in the light of a climbing market, many would think I'm nuts to short. They wouldn't be the only ones as I'm sitting here doubting myself as I type. The EURUSD is just too tempting for persons trading off of overbought ...

Starting with $50

Had a little extra time... — I was looking at the big picture earlier today and noticed something substantial coming...imminent would be better. This is a 4 hour chart dating back to May 3rd of this year. You will notice a major pattern is ...

Starting with $50

TradingDrunk, I love the screen name...it's just the way Hemingway would do it! Scotch and soda with a fan overhead spinning slowly in an uninsulated bar. tsipouro, No videos from me. It's bad enough that this method is about as exciting ...

Starting with $50

Setting up your Chart — I should have put this in the very beginning of the thread but totally forgot. If you want to view your chart bigger, the candles specifically, then you need to take these few steps and everything gets better. 1. go to ...

Starting with $50

Good morning — I just woke up and checked the chart to see what took place. Pretty impressive looking. I went with a conservative approach to my trade, exiting just before the 50% Fib line and it ended up going all the way to the 61.8% line ...

Starting with $50

1. You are exactly correct in that statement 2. and you're invited so put on your favorite party hat, grab some chicken wings and beverage of choice. But seriously, the DEMO account serves a purpose...crawl, walk, run, race.

Starting with $50

updated 1 hour chart — I think you will like this one...notice the current candles action, trying to go down. BTW, in tonight's trade I went with a lot size of .02 since I got a margin call with the bigger lot size order on Friday.

Starting with $50

1 hour chart — Here's the 1 hour chart we will trade off of. Since my expectations are for the currency to tank (or decline in price), we will look at what I saw.

Starting with $50

updated 4 hour chart — That's what the 4 hour chart looked like when I put in my pending order. here is updated chart since my order at 11:04pm

Starting with $50

4 hour chart — Looking at the 4 hour chart we get to see where the currency should go tonight. The 5,3,3 Stochastics says that it should go up and then, after reaching an overbought condition, should tank. Here's the picture...

Starting with $50

No, not at all. The point of the exercise is to prove that a person with little to no money can learn how to trade and start from the bottom. Many people have experienced "financial reversals" in their lives due to divorces or economic collapse of ...

Starting with $50

Tonight's trade — Okay, this one is giving me fits tonight. I've been watching it since 10:20pm MS. I knew it was gonna go up based on the Stochastics of the 1 hour chart but from 10 to 11:00pm there was not much action. Anyway, I'm thinking ...

Starting with $50

uhh, no thank you.

Starting with $50

I usually use no more than 10 days of data to determine my Fib points. As an example, next week I will put my first point on the low of Friday, Aug 10th. Then I will put the other point on the high of Tuesday, Aug 14th. If during the trading week ...

Starting with $50

I know you're gonna think I'm crazy but I'm one of those guys that does NOT use a stop loss. Many traders strongly disagree with me on this but many understand my thinking. The reason is that in the past I have been stopped out of so many trades AND ...

Starting with $50

No, this is a micro account. I won't be adding any more funds to the account because it is to show that it can be built from the original $50. I thought about what happened and I will stick with .02 lot size until I reach $100 in the account and ...

Starting with $50