Now this is just plain cookoo. It looks like it's going for the Daily M4 pivot at 1.3083. I want stability in my life so I think I'll turn to forex...

EURUSD

EU shot back up to almost its original position within the hour. That is why stops are important. At least I made my daily goals. Right now it's too squirrelly for me to enter in again. Give it few hours to see what it wants to do. Fickle lady...

EURUSD

Got in at 1.3050 and just zero stopped my position. The fib lines look to be around the 1.30's and 1.2960 or so. Monthly indicators showing a reversal. Weekly definite downturn. Daily is already in a downtrend. 2 HR is almost in down cycle. I'm ...

EURUSD

The monthly indicators, though not that useful for trading--unless you're a long termer, shows a definite down. With that said, my hour charts shows a short term up that may give some good shorting positions. It could hit the 1.3050 area or more ...

EURUSD

In the course of my trading, I usually have about 2-4 data feeds going at one time. None seem to show an anomalous spike at any one time and the market impulse reveals a homogeneity throughout. My question: I keep hearing about certain brokers ...

EURUSD

Just shorted at the top. We'll see what happens.

EURUSD

I told you I was rolling the dice and that was about the only thing I got right. Anyway had my short stops in so didn't get hurt too much. On the daily that was ~160 pip run up so it will need to go down a bit to position for a buy. Monthly ...

USD/JPY Discussion

It is. That's why I call it a test pip. I got stopped out but the M4 pivot show 106.96 and the 38.2 Fib ratio shows 106.92 so will hang tough and see if it goes that direction. The graph shows that we are in consolidation and it's slow so will wait ...

EUR/JPY Trading Room

Positioning at 106.60 was a little bit rolling the dice this early but with a 20 pip stop, it was like a test position. If I stopped out, I would wait it out for another position and let the indicators define themselves up or down. At ~20 pips ...

EUR/JPY Trading Room

You're right--the big boys. Anyway I positioned at 105.60. My EMA and LR are about to crossover so hoping for a downtrend. The confirmation for me is when it breaks below 106.xx but it could be waffling for a few days. We'll see.

EUR/JPY Trading Room

Any move in the currency market are with the banks. Retail currency does nothing. When the banks aren't moving currency, the market consolidates to nothing. So we wait till a central bank opens... yawn.

EUR/JPY Trading Room

Since '08 it's been an overall downtrend. When it got 100 range I thought for sure it was going to test the 94.xx area again. It didn't but went to 108 so what do I know. Any way it should do its usual waffling before it goes down again. I wouldn't ...

EUR/JPY Trading Room

My indicators MA & EMA would suggest the same resistance around 104.20. It looks to be cresting to a downtrend trend. It could go north but it seems more to be waffling at the top. I have short positions but once it becomes a downtrend, I'll switch ...

EUR/JPY Trading Room

What are you converting your money into? Right now 5:10pm Pacific Time I have the EUR/JPY at 101.21 in dollars.

EUR/JPY Trading Room

Excellent numbers! You read that one very well. I have multiple positions in starting at 1.0250 to 1.0150 which finally went green. I'll keep positioning on the peeks on my long term acct. I'm planning on getting in on EUR/JPY. Will initially short ...

VennD - Any Pairs - Any Style - Any Time

For some reason I thought I was on a AUD/CHF forum but apparently not. Been trading the AC lately. It took awhile to break into a downtrend but it has. I don't have the capacity to screen shot a chart, I least I don't know how so I usually just ...

VennD - Any Pairs - Any Style - Any Time

Finally... — It looks like we've entered into a down trend. I have one account long term short and another short term short. There's an opportunity to go both ways since the ATR is high.

VennD - Any Pairs - Any Style - Any Time

If you plan to do this full time... — You must set goals for yourself and develop a history of numbers in your trading. I do this by using the Google Calendar. My goal is to make 2% a day. I determined this percentage based on my last three ...

I finally quit my day job!

The Chart says it all... — If it can break the .0150 resistance it could be the beginnings of a downtrend. My LR and Hull MA just crossed over which in itself does not represent a downtrend but the transition into one. We will have to wait and ...

AUD/CHF

The indicators are... — wobbling in and out and all over. That's what I hate about a trend change on the daily chart but it is what it is. I'm guessing the Linear Regression crossover on Exponential Moving Average will take place somewhere in ...

AUD/CHF