My two cents. If you live in a country that allows brokers to trade in nano pips, and if your account is under $500 USD, then your proportionality of a trade to account size is no different than the big boys. Since I live in the US where the ...

I plan to quit forex!

Right now i've bought GU on the downtrend and am just starting to get in the green. But it's Friday so I don't expect much going on. We'll see what's going on Monday I guess. Analysis: Daily - downtrend 4Hour - downtrend however the 200 SMA is ...

Trend Trading

Although Graviton said it best, The Forex market is the largest market in the world HUGE!!! Here are the players in the forex market: the central banks and governments, corporate and private banks and brokerage firms that deal with mutual and hedge ...

Trend Trading

Thank you for honoring us with your holiness. Most of us just grovelling hoping for the crumbs that fall off your table. I just hope one day, I will attain to just half of your status. In the meantime, I just positioned in GU with a couple--what I ...

Trend Trading

What are you suggesting? The Trend Trading thread is to be discussed academically with no skin in the game? I don't mean to offend but that sounds stupid. Everyone here, so far anyway, have discussed their trading techniques as it applies to what ...

Trend Trading

Now what? The 4 HOUR GU would suggest that the retracement is running out of steam. The stochastic is well into the 80% and the RSI is hovering to the 80%, which, if it does a double top, it may be a good place to short. Notice on downtrend the RSI ...

Trend Trading

Well I missed the banana boat on the GU. Was hoping for a double bounce and it decided to take off without me at around 150 pips. Oh well... I'll find another pair somewhere to hitch onto. Need to close my position and get a bowl of ice cream.

Trend Trading

Thank you for your feedback. I would say as well, that I'm a hardcore trend trader; it's just that I trade coming and going. Although I rely on the daily for my weighting of the markets overall direction, I use the 4 Hour to determine trend shifts. ...

Trend Trading

I hope everyone gets to try Trade Explorer by ForexFactory. It is one of the best tools out there and if you have more than one account you can see both on the same page. My broker only allows me to see one account at a time. It's also great to see ...

Trend Trading

Well said Graviton. Everyone needs a goodnight sleep. I'm speaking in generalities and when I say 'hope' it is under the premise that the PA is going to do what its going to do. It's like everyone here; you hope that you win at every single position ...

Trend Trading

Wow, what a great question. When I think of support and resistance the word in my mind is 'history'. When a S/R develops I usually draw a horizontal line and see if there is history going back 2 years or 5 years. Some go back even ten years. So yes ...

Trend Trading

Right on brother... I looked at your Trade Explore and you're definitely putting your money where you mouth is. Consistency is the key and you got it!

Trend Trading

Just like we, as individuals strive to seek balance in our lives, so to does everything else from the weather to population growths and decay to all markets. There is a perpetual striving to seek balance. The forex market is no difference and we see ...

Trend Trading

Thank you for your concerns and I am quite versed in the art of losing. I did a counter trend which got me a few pips. You win small and you win big. This time I just banked a few pips ~20 or so. It could still go up according to the fibo but I ...

Trend Trading

Looking at the GU, here are my observations: Weekly: Downtrend - Weekly has little to do with trading but it does give a general direction of the market. Daily: Downtrend - It's looking at a double bottom just below the 127 PA. I'm already ...

Trend Trading

Thank you for spending the time to give me some of your experience in forex. Yes, like most, I've gotten beat up pretty bad. Starting with such thoughts as "...wow I got this figured out and will be a millionaire within a year..." to, "...can anyone ...

Trend Trading

I would have but got turned up side down. Two months later I was able to get out without too much damage. I could have made some serious coin if I stayed in but when stuck in a currency pair for that long, I'm no longer a trader but a nailbiter. ...

Trend Trading

New to this post but have always viewed forex as a great place to trend trade whether short term or long. Usually I base my trend on the daily but sometimes the 4 hour. I'm slowly learning that my position must be relative to my account size. I have ...

Trend Trading

Most problems for traders is they position to heavy. If your account is under 1k to 10k then stay with micro pips. I usually place my pips in the PA 10 or 15 pips apart as it goes against me. You might want to try something like that. Wish you well.

I plan to quit forex!

Just closed my short position of one of my two baby accounts. Did a 500+ pip run on that one for two months. The account is under 1k so I usually let it run it's course on the daily chart. It still looks like it could go down to 137 or thereabouts. ...

I plan to quit forex!