I went long yesterday and added this morning with a stop 20 below the spike. We shall see what happens.

USD/JPY Discussion

Ha ha. "Cant"? Do you have a time machine to step in to tomorrow? It certainly CAN go up more. The market will do whatever the hell it wants.

Cable Update (GBPUSD)

Price would have to get above 6270 to confirm that and really 6300 to give it a shot. Divergence ALWAYS needs confirmation. This sucker is so close to breaking through the previous low that I would need a very good reason to buy. Just my 2 cents.

Cable Update (GBPUSD)

Depending on your platform, it may already be an option. Just take the high, low and close and divide by three. Then set the number of lookback periods to plot your average. Presto. I find it sometimes useful in conjunction with a 21 EMA for ...

Pivot point moving averages

Malcomb may be a fantastic trader, but his account size, time frame, and psychological mindset will be different than yours. You will never learn anything by blindly following suggestions. Sorry if I sound harsh, but I'm trying to save you some ...

Cable Update (GBPUSD)

NEVER EVER EVER ask or take advice from ANYONE on an internet forum. This is just a place to shoot the breeze about the trades.

Cable Update (GBPUSD)

My edge is recognizing opportunity, going with the market flow and trading small small small. Trading at the proper time of day is also helpful. I take chunks out of the market instead of predicting direction. Its far less mentally taxing than ...

How certain can you be that you have an edge?

Bracket support and resistance with opposing stop orders and reset positions each day. Use trendlines. And demo trade until you are consistent. Because it is a guarantee that you are going to be a losing trader at first and possibly forever, so ...

newbie question

No one has checked this out. Interesting. I find it quite a useful confirmer in many situations. Easy to plot on netdania.

Pivot point moving averages

Market volatility is what generates profits. I am very happy to take advantage of others' inexperience and foolhardiness.

Collaborative Trading to control market

I won't speak for Tunera but will answer with my own reasoning for entering and exiting trades without targets. My entries are not speculative...they are based on previous market S/R being definitively broken. Thus, my exits are also based upon the ...

A penny for your thoughts

That's what I was thinking, Tunera Nicely put! Oh, and for an indicator...try price charts and S/R.

A penny for your thoughts

I've been short all day. Looks like a downer for the Asian session as well.

Cable Update (GBPUSD)

Your aim should be to trade properly every day. Market circumstances dictate how many pips you can make.

Aiming for pips or %

For me, this still isnt quite enough information. However, your stop should be based on Support and resistance and has nothing to do with your entry point. If, after the trade develops, your entry point happens to be at a hard-to reach spot ...

Do you let profit turn into loss?

This question cant be answered because you have not provided any details whatsoever about the idea behind the trade.

Do you let profit turn into loss?

Perfectly put, Bemac. The whole "move your SL to BE" doesn't make any sense at all unless your entry point is above or below a newly created support and resistance layer after the trade has breahted, thus placing your intial risk (your stop) two ...

Do you let profit turn into loss?

Honestly, zero. Trading based on economics is for people who hold trades for months and years. Its also for armchair traders and TV commentators, who like to tell you after the fact why the market moved the way it did. So amusing. Intraday and swing ...

(can) small accounts make a living ?!

27. I follow the advice of traders on forex forums.

Last words of a trader