As I write this, the USD/JPY is breaking above 90. Will the next leg up start today????? Comments out of Tokyo suggest that a run to 110 is just fine w/ the government. Of course it is....but I guess some people needed to hear this?

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This is true. Normally it is because of poor management that a b/e trade can do damage, but it has the same effect on someone: it shakes their confidence.

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Very well put........

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I was thinking in general. Next time you place a trade, only use half of the position size you normally would for a while, see how that works out for you.

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Yes.....really. I imagine you are looking at EUR/JPY now as you wake up, and thinking that its crazy we are over the 120 level.....

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All I can say is that being comfortable in your trades is absolutely vital. After all, you can do the greatest analysis in the world, but if you don't have the confidence to hang onto the trade - it doesn't do you any good. Perhaps try cutting your ...

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I think the fact that the area have been broken to the upside is indeed an interesting development. However, I think the 95 level will be your next "hurdle" if you are going long. Nonetheless, I think it is a trade worth taking. Remember that it is ...

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What in the hell are you people doing in Sweden????? url

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There is no way to know. The trend is strong enough that any supportive looking candle on a pullback is good enough for me. This is especially true since I consider this a long-term trade.....

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There should now be almost no doubt that the xxx/jpy pairs are all going higher. In fact, I think they are going much higher, and we are going to see similar action as we did 5 years ago. You used to be able to simply sell the Yen and make money. I ...

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This man is an absolute riot: url

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Over at my forum, I posted the AUD/USD chart......I think this could be the next nice trend higher. With Chinese numbers coming out a bit stronger than anticipated, Australia becomes the beneficiary.

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Nice continuation on AUD/CHF for the bull move......generally a "risk on" sign.

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This one is starting to attract my attention at this point. The AUD/SGD pair isn't one I follow much, but it looks like the 1.29-1.30 area could be a good spot for a sell.....?

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With a trade like this - it only takes one or two of them to clean up........not a bad one to consider truth be known.

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It's amazing that it really is that simple.

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I don't know Shahab8b's stuff, but I can tell you personally that MyPipBull is the man, and a good trader......I would listen to him. However, if Jay says the other guy is good - then hes good.

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Longer-term yes......but it can be applied towards whatever suits your needs. For example, I tend to have trades on average that last about 5 days or so. However, I also have shorter ones and ones that run months. (rare though.) I am sure that made ...

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I was out and about during the day, didn't even bother looking at the charts until I got home about 3 pm EST........I've all but given up on NFP Fridays.

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Yes - 1.05 is an obvious spot for me simply because it is a "500 pip" line......there is almost always a reaction on these in major pairs.

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