As long as that is not all of your capital, that's not so bad. And if you have a huge profit cushion, then more power to you. The only thing I would see wrong is if someone had not made any profit on their total capital yet, and tried this system to ...

EurAnalysis

Agreed its horrible money management. However, all risk comes to future profit, which is why it is such an incredible risk reward system. I recommend anyone who has been successfully trading for at least 1 year, take 5% of your capital (or whatever ...

EurAnalysis

Exactly. You can't see PA on charts that are 4 inches wide. Which is why I use 4 monitors. Currently I am trading from my laptop and it's much more difficult. I bet you will tell me next that it's not possible to turn $500 into $100,000 in 3 months. ...

EurAnalysis

Thanks for the suggestion, I will definitely give it a try. Ok now I'm off. I'll be back to full time trading the week after next (although I am going to try and be on as much as possible for next weeks very important data and news)

EurAnalysis

While I agree with simplicity, at the same time I need multiple converging indicators before I will make a trade and it's hard for me to notice these with just 1 monitor (or just 1 chart on available at a time) With 1 monitor I am constantly ...

EurAnalysis

If history means anything, we should see one more leg down to 1.19 or even likely 1.15 before any serious retracement. My charts are glitched before Summer 2009 and its shows two bars, one for the month end close, and one for the close of the first ...

EurAnalysis

Also a weekly bullish engulfing pattern. Just so many things to pay attention to while trading. To be the best you can be you truly do need 4-6 monitors, there is absolutely no question about that. Didn't even think to check monthly bollinger bands, ...

EurAnalysis

Daily E/U peaked Friday at daily bollinger bands (never underestimate large time frame bollinger bands, ever) new rising channel top, top of falling channel from 1.3280,' 78.6 retracement (blue fib) of the June relief rally (2287 to 2745) (this fib ...

EurAnalysis

Yet again we are going to be stuck between 2287 and 2300? Watching the weekly close yet again near these levels

EurAnalysis

Also anyone notice AUD surge 50 pips while E/U fell 100? That is strange, normally they fall and rise together, with AUD falling much less of course. But never have I seen another USD currency go up that much with E/U tanking like it did. What would ...

EurAnalysis

Market is so damn volatile today I mean this has been truly ridiculous. So many 20+ pip 5 min candles both long and short, and some larger than that. What is it about today that brought all the big players out to play??

EurAnalysis

Gold is one of my favorite indicators for USD VERY close to making a higher high today finally, but just shy. But we did break above the downtrend, lets see if it holds. I just can't imagine EUR not tanking for 4-6 months when QE is just around the ...

EurAnalysis

All i really see is a bear flag with another down trend line coming soon. I personally would never try to long the heaviest downtrend in all of FX. I mean I have before, but it never works out. Upside is very limited and by no means guaranteed (we ...

EurAnalysis

Awesome chart, thank you. Printed it out.

EurAnalysis

This is true if you are big money and have a tight stop placed, but say you weren't trading millions and had it set for 1.2172 , the market probably wouldn't have moved those extra pips just to take one order out which had a slightly wider stop ...

EurAnalysis

I agree with the big battle today. I didn't trade today or even watch the PA but I see what you mean. The bears did hit it hard many times before 1.2160. What I meant by front running was a top and reversal and maybe we would consolidate and close ...

EurAnalysis

It can get a bit overwhelming that's for sure. But it's full screen on a 24in monitor so I can actually see it pretty well. My longer TF charts don't as much information, as of course 30m trendlines don't matter to multiple week/month moves. IMO the ...

EurAnalysis

Feel free to read my 5 posts. I just joined a few days ago I was actual stating how daily didn't close below 150 extension so I thought the bears were giving in temporarily. Last night I called for 1.2130 top and 1.20 bottom that would be heavily ...

EurAnalysis

Of course why would you ask that? No offense taken but I am curious why you ask Did you notice how pretty much every indicator on the chart has a use? So many people do not realize that you need to draw EVERY TREND LINE (if you are an intraday ...

EurAnalysis

I would never try and pick a bottom on EURAUD. I have tried too many times in the past only to fail. Don't fight the 4 year down trend! But I do believe parity will be reached one day. Might take another QE3 where AUD rallies double what EUR ...

EurAnalysis