I'm in for a 200+ pip drop here. But that's just my 6th sense... Good trading everybody.

EURUSD

One word: Discretion. ( Which does not always mean the lack of a "system" but rather that even when a system exists and tells you to enter here and exit there - you often anough choose to ignore or change things based on how it feels to you while ...

Where are those who earn?

Agreed, I got that fib and so put the conservative target at 385. But, take a look at the fib starting from the low on Nov 13, I believe there's a somewhat better correlation with that one. Good luck to the bears

EURUSD

Hey man, hope all's well and christmass was great. Practicly all of my trading now is short term using my system on 1m charts with 4 mas, pivots, fibs only short trades and a good degree of discretion on the cases that I choose to enter based on ...

EURUSD

Agreed. If you look at the fib on 4h or recent daily we're stuck on the third level up and as yesterday's fall was so energetic and we see little recovery it shows weakness allright making it quite likely to drop to the next level right below 1.33. ...

EURUSD

Many people in the modern world are addicted to this click thing. Unfortunate. Life's short and nothing's perfect - get over it and do your thing. In paraphrase to this issue here, as a respected FF member called Acumen says - double your demo ...

The Newbie Process

There are gambles and there are gambles... A simple gamble is when you open a random trade. In such a case your chances are theoreticly 50:50, but because of the spread there's a small offset against you (much like a casino roulette when you bet on ...

Gamble or Trade?

I've yet to see a single mechanicly applied system that works long term and with non-marginal results. There are better and worse systems in terms of the opportunities they offer but it is my firm belief that only by excersizing discretion and ...

A system that works? Please!

If a 5m chart is "too fast" for you... maybe you should stop taking those sleeping pills and try to wake up. More of "interpret and adjust" ? How about interpreting and adjusting to countless news reports and technical factors that you need to do ...

It's All Noise - Right?

Welcome to the forex market.

bad luck or manipulation ?

url (It's not much of a method, as I trade intraday on 5m mainly, just academic speculation.. )

EURUSD

1 I doubt, 1.20-1.22 believe quite likely. Looks like a complex h&s forming on 5m-15m charts, base around 825. Actually I just read yesterday on Dailyfx how the ratio of retail longs increased considrably the previous week, which is a nice ...

EURUSD

This is why I guesstimate 1.20-1.22 could be a tough resistance area mid-term..

EURUSD

lol I should brush up on my more exotic religious holidays I guess, thanks. Anyway, you're welcome to Jerusalem any time. I'm more fond of Eilat personally video I see no reason for mid-term buys. I guesstimate it will hit 1.22 before any ...

EURUSD

That is complete and utter BS. Capitalism is about people trying to acheive the best for themselves. The extraordinary growth of Western civilization is the result of the personal ambition of many many scientists, engineers and even economists. ...

Nicholas Sarkozy could be the end of Forex

It has been my experience that if the move is bearish, you should draw the fib with the 0 level at the peak and the 100 level at the bottom, as is normally opposite for a bull move. I think you'll find the correlation between price s/r and such a ...

EURUSD

Hey guys, Do any of you happen to know what's up with IB's forex demo account ? I'm trying to run/install it and it says some file is missing. I tried downloading their trader workstation, don't know if it has to be installed or it's unrelated. Can ...

Going live with USD100k, which broker should I choose?

As I was saying since this morning (before London session) it's retracement and down we go. url But, with the weekend now and G7 it's not the best time to be in the market. On the other hand, if there's a big gap again, which sounds likely to me, ...

EURUSD

Someone here on FF posted he trades this session and he takes opposite sides on sharp breakouts early in the session when volatility is ussualy at it's lowest. He wrote he was scalping the opposite of such sharp moves for a few pips with great ...

EURUSD

No, you need them at about the same height (better within less than 8% of total neck line to head height) and the whole shape should be as proportionate and clearly visible as possible. Both lows between the head and the shoulders should be close ...

EURUSD