Being based in Asia, it's also due to the lack of money to move the markets. Institutional players are only limited to the banks and funds while the big cap fund size of an asian fund would be considered mid cap in the West. This is due to the rich ...

EURUSD

Whatever floats your boat. If you like to blame everything on luck then kudos to you. If you think back testing is bull, then kudos to you. If you think 99% of people even bother to back test their strategies, kudos to you. Fancy blaming everything ...

EURUSD

It actually sounds to me like you don't actually have a concrete trading plan or even back tested your current strategy. Maybe it's time to step back and reassess your strategy. If you have a plan with a set criteria as to when to make a position ...

EURUSD

Kind of agree with this. During the asian session, prices are not volatile unless there is news on relevant pairs, so even a scalp might take hours just to achieve, in which you can leverage higher and put tighter SLs above hi/low. Be more patient ...

EURUSD

Stops for my 3810 position will be behind 3840 as if the other players want to mount another stop hunt, most stops on existing orders and offers are placed at 3820/30. So those boys will be taken out first.

EURUSD

Small short order at 3810, with a larger order behind 3830. Very interesting reaction by the markets to EUR data which was really meh, could be due to lack of liquidity but it's a very low risk short right now so it's fine.

EURUSD

Rather disappointed that this short term long trade got stopped out at 3651 only to touch my target a couple of hours later. I think the mixed data from US with Yellen's cautious comments will throw us back into range play once again. Not so keen on ...

EURUSD

Sorry you feel that way about people sharing market views and trading strategies on a forum dedicated to trading. Perhaps the Bloomberg comments section is where you should be? I'm sure they don't have "gurus", talk about market views or trading ...

USD/JPY Discussion

Right now is not a time to take on new positions. It's either you are already in an existing position from the previous price levels or you are not. Mixed data has turned this into a battle ground of pure demand/supply and will be heavily influenced ...

USD/JPY Discussion

Bad number, closed out part of my higher leveraged short term positions from 101.80 at 101.96 and will maintain a small long position playing off the demand zone of 101.80 targeting 102.40. Not too much confidence on that small long though, fully ...

USD/JPY Discussion

Yeah, there is some demand at 101.80 and 102.50 having sell offers with larger orders at 101.10 and sellers at 103.19. I would probably look for short term shorts at 103.19 but it's not a position trade more swing than position/intra day

USD/JPY Discussion

I for one don't think that the JPY should have this much strength if you consider the fundamentals of Japan. The only reason propping the JPY throughout the years have always been the relative perception of the JPY as a safe haven but we have seen ...

USD/JPY Discussion

Still the same play, long scalps with tight stop loss below 3658 targeting 3720 with overall short positions on long term since 3764 targeting 1.3526. Home sales figure shouldn't be enough fundamental juice to break the range, the key fundamental ...

EURUSD

Still pursuing same strategy for the day. Long only on shorter TFs and short on higher TFs. There will not be a break out of the range in the coming 1-2 weeks unless a black swan occurs. This is due to the market waiting on news from the US economy ...

EURUSD

Haven't been here in ages due to my overweight on equities during the past year but I'll probably be back here a little more often as I'm moving back into currencies again and closing out my equities. Just some views to share: EU has been ranging ...

EURUSD

Haven't been on here for some time. Just thought I'd chime in on why this is so big. It's the political risk involved that is huge. If they can do this to Cyprus, what is stopping them from doing the same to the larger economies such as ...

EURUSD

Went for a holiday came back and saw all my buy orders below 0300 were triggered. Patience paid off! Been waiting for this for weeks now. Probably going to be riding this baby back up for the next 2 months.

Aussie Trading Room and Cartoons Gallery

I'm going to bet on this pair going back up with the retracement ending albeit really prematurely. My analysis didn't price in QE and this whole FOMC backing QE is kind of a reigniting hopium. We all know what hope does to traders...

Aussie Trading Room and Cartoons Gallery

And seeing as this is the Forex market, it won't be wise to bet against the money flow especially if you are doing short term trading. This period is once again going to be bad US data = good and good US data = good.

Aussie Trading Room and Cartoons Gallery

Fantastic. The FED came in and ruined my trade plans. Oh well...Back to the drawing board. Probably will enter a position during a consolidation at Asian session. Going to long this pair.

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