Well said, Navin! The more people that panic, the better my long looks. I'm watching 1.95-9450.

Cable Update (GBPUSD)

Remember there is news coming out. If you get a move up like this ahead of news, it's best to wait. It's best to wait period ahead of news. After that, we can look for a place to short.

USD/JPY Discussion

Well done, Clouds! You could get a few chances at it so be patient and manage the trade.

AUD/USD

Yes, I am. I'll be testing a longs from 0.9150-0.91.

AUD/USD

Hi DDBlue, I am watching this pair and am looking to get long around 0.72-0.7150. Whenever you take a trade, you must pay attention to the news. If you are trading into a major news event, stay out and let the market settle down first. You'll almost ...

NZDUSD Discussion

Hi Shermenator, I think that is a good indication that price isn't ready to move higher. I would look for a move down around the 1.95-1.9450 and in order to get long. Things can change until then but that's what I am looking at for the time being.

james16 Chart Thread

I agree. Keep trading this to the long side. We could get a few chances to get long but don't give up on it.

AUD/USD

So if I want to buy euros, will you sell me some?

EURUSD

Does it come with a toy?

EURUSD

I have an edge in the market and when there is a trade setup I define the risk and put the trade on and let it work. I know that if I am patient, persistent and disciplined my edge will play out very well.

EURUSD

Why was it a risky countertrend trade?

EURUSD

I'm not sure yet. I don't see anything I like at the moment.

EURUSD

When there is a buy setup.

EURUSD

Exactly, Jim! The psychology is amazing. After awhile it becomes the norm and people start to accept it. If there isn't a major uprising and things don't change, it will be difficult for prices to come back down. The oil companies have received a ...

EURUSD

A lot can change by the time price reaches those levels. There is a high chance that you'll get suckered into the wrong side of the trade if you are buying at 1.6 and selling at 1.54. There has to be a reason/setup to buy or sell. Also, Most ...

EURUSD

I know this was posted yesterday and it did move lower, however, the market is not getting ready to crash unlike most people believe. Longs are building and will most likely continue to do so. How else can the 320+ point rally out of the hole be ...

Knowledge is Power

In a word, sellers.

USD/JPY Discussion

Clouds, don't get caught up on an exact number like 169.12. S/R is an area not an exact number. Notice how the eur/jpy just shot up to 169.30 and then dropped right back down. I wonder what was going on there. It'll most likely edge a bit ...

USD/JPY Discussion

Clouds, I hope you don't mind my input here. I've noticed a few things that really stood out to me and are a huge problem with many retail traders and this is why so many struggle to make it in this business. 1. Stop placement within the range. This ...

USD/JPY Discussion

How is that working for you? When one trades during a slow market they are more likely to be trading noise. It is very easy to take you out and then continue in your direction. Especially, when stops are tight and inside the range. This is a very ...

USD/JPY Discussion