Placing a stop at 169.20 i well within range and an easy target to hit. The key is to keep stops outside of the range.

USD/JPY Discussion

When you trade in a slow market you become an easy target and risk getting taken out of your position.

USD/JPY Discussion

That's exactly what I'm saying. Just like many people have a list of things they are going to do for the day, I have a list of people I sit and wait for and then pounce. You can really get to know a lot about a person this way and many times know ...

EURUSD

6-04-08 Long eur/aud from 1.61-1.6050.

EURUSD

Retail traders — Most retail traders find themselves buying a top and selling into the hole a majority of the time because they are waiting for confirmation. They are easily lead to the slaughter because of their lack of understanding of how ...

EURUSD

Where did you place your stop? The euro went down to 1.5776 and then made a high so far of 1.5885.

High Probability Trades

Talking heads are always full of it. Pile it high and deep is their motto.

USD/JPY Discussion

Dove, It's great to see someone here like yourself who has several years experience in the market and has witnessed many different types of market conditions. That knowledge and experience is invaluable. You're spot on about patience and focus. If ...

USD/JPY Discussion

It must have been an oversight. I'm sure he has a good explanation. At least the winners are bigger than the losers.

USD/JPY Discussion

Wow Bruce, that's some mad scalping! If the UJ does make it up to 109 are you going to hold a position long enough to profit from the entire move or just scalp your way there? You've shown some nice profit with the scalping. Adding a couple longer ...

USD/JPY Discussion

I'm glad to see you swimming on the right side of the stream, dwildes. Even after I posted a couple charts clearly showing the downtrend, many people didn't see it. We could be in for a substantial drop. If you are short, from around 108 or better, ...

USD/JPY Discussion

I would agree. I'll be looking to short around 169-169.50. We could have quite a nice drop. Put the trade on and let it work.

EUR/GBP SHORT for No Brainer

Watch out! Big Ben's lips are moving again.

USD/JPY Discussion

If that's the case, I better start looking to trade it to the short side. If your trade does start to work out, remember to manage it in case it doesn't make it past 1.5650 over the next few trading sessions.

EURUSD

That's because the news doesn't matter.

USD/JPY Discussion

Price can be helpful when the conditions are right but it's what's going on behind price that sets the move up. What are the professionals doing to lead the sheep to the slaughter?

USD/JPY Discussion

Ditto! If you are going to be around the house, you can set price alerts to notify you if the market takes off. That's how I can trade and get some sleep. You can also have the alerts sent to your cell phone.

Jacko's Forex House of Pleasure and Pain

Keep in mind that the indicators don't move the market. They are based on past price. As traders our focus should be on what moves the market.

USD/JPY Discussion

They make your charts look pretty.

USD/JPY Discussion

Well said, Charlinks! Put the trade on and let it work. The market will do what it's gonna do whether or not we are at the pc. One of the best things we can do is get away from the charts. While you are away from the charts, get some rest and ...

Jacko's Forex House of Pleasure and Pain