Back to the future... — The top channel in is around the 29+ area on the weekly and around 2625 in the present bottom channel and the 2400's on the secondary bottom channel. If either on happens an extended FR would suggest a major retrace ...

EURUSD

A lot of 'buggy whip' manufacturers went out of business when the automobile replaced the horse.

EURUSD

I would say it's just as threatening to be long. Just my opinion. Of course I'm expecting to go and test 1.18.

EURUSD

So there are no shorts out there? All I see is EU is going up due to technicals but is taking 3 days to get up to the top channel and a half day to get to the bottom channel.

EURUSD

I hope that's not the case. We seem to be in 'no-man's' land and am finding it hard to read. I see no push upward and when it does, it's quite anemic with little strength. Valuations on the Euro and USD is almost a wasted exercise in that they both, ...

EURUSD

Positioning all the way up... — With Shorts... Another one at 2850 and will probably peak at around 2880 (top of the daily channel) where I will put in another position. Then I'll hunker down waiting for the drop.

EURUSD

Boy did I blow it.... — I thought it would go down to at least 2680 but even at 2720 I could have banked at least 2%. I'm back in the green, at least in one of my accounts, so I should recover but I wonder how far down it will go... I would ...

EURUSD

Does that include the drachma?

EURUSD

Don't get me wrong. I also think that USD days are numbered as well. Eventually, someone is going to say, "...the king has no clothes..." Yes both are in dire straights but the notion that Europe can maintain a silly socialist economy of early ...

EURUSD

Why would anyone go long on Euro long term? The currency is practically disintegrating before our very eyes. Certain channels may indicate a upward push to maybe 30 or 31, but to me, that is high risk. The long term trend is down and if the Euro ...

EURUSD

Now just let it ride. I'm positioned similarly and time for me to go to bed. It would be great to see green in the morning!

EURUSD

No. Just curious. One day I discovered that most of my losses, say 3 out of 10 were due to stop losses. So I quit using them and now I never lose due to being stopped out.

EURUSD

You probably need to go back to a demo account.

EURUSD

May I ask.... In say ten trades you make, how many of these trades stop out?

EURUSD

It does seem a little cookoo but I'm actually cost averaging my way with, in this case, by a multiple of two. So my first position is 2 pips, then 4 pips, 8 pips and so on. As it retraces it goes green by a multiple of two. It's a little daffy but ...

EURUSD

Getting my shorts in.... — Got 1 positioned at 2726. Put another in at 2750 and 2770 and another at 2790 or 2800 if it breaks. Hope the momentum gets me up there so I can have a nice slide down.

EURUSD

I will probably be a thin day since the US banks are closed in honor of Martin Luther King.

EURUSD

Go two light years until you come up to Sirius, then turn right for about 3 and a half light years and you run right into the Andromeda Galaxy. You need to be careful because there are a lot of comets whizzing by in every direction. Also watch out ...

14 Year Old Forex Trader's Lessons

The gap is the difference between the price action at the close of the market and at the following open. Usually there is anywhere from a ~5 to ~25 pip spread. In unusual cases, it can be much higher. If you are heavily positioned it may be good to ...

EURUSD

Well Buma, it keeps one honest. The little I've known you, your struggle seems to be in that area.

EURUSD