Move your stop to breakeven once you get into profit, this is the best but the hardest way. You might want to read this great thread http://www.forexfactory.com/forexforum/showthread.php?t=2609 Thanks, Nader

Patience

[QUOTE=fijitrader] FT, have you read the first post. I gave some details about those points, but Merlin just reduced the explanation to make it short and clear. Here are the originals: 1- Supply & Demand forces are the main cause of price changes ...

Market & Trading Facts

Absolutely. Thanks, Nader

Market & Trading Facts

A great place, I wish they had a near bookstore nearby, I would have been the largest client. Too bad they are not into selling books business Thanks, Nader

Downloadable forex/market glossary of terms

I think what was really meant by this one is that the forex market always have both biases at the same time. We are trading pairs, remember, when the people are bullish on the USD, they are bearish on the Yen. I think we should twist it a little bit ...

Market & Trading Facts

Ya, we need to add the following to the list, unless there is a valid argument against them: mf4x: The forex market has no bull or bear bias PipBull: Plan your trade & trade your plan I would add: History repeats itself the same way, if and only if, ...

Market & Trading Facts

Well, I think you better do this in the extreme market conditions. See this cycle and tell me what do you think about, and bear in mind that this cycle is talking about the stock market and stocks in general, but it can be generalized over any ...

Market & Trading Facts

well, I can see that the thread you mentioned was an excellent one and included lots of good and useful information. It is not neccessary that a thread or topic to be open for a long time to be useful, just look at how many people viewed the thread ...

Market & Trading Facts

Well, Plan your trade and trade your plan is a great fact, thanks Pinbull. About the trend being our friend, this has been debatable. Merlin is the one who is leading the counter party, so I think he would better respond to this. Thanks, Nader

Market & Trading Facts

Remember guys that everyone in here is talking about the elections and we are ignoring an extremely important event tomorrow. The FOMC meeting, USD interest rates decision. Thanks, Nader

big gaps today...

Well, Maybe the first step is the 1.2140-1.2150, then the 1.2053-1.2061 and then finally the 1.2040-1.2048. That's my own opinion based on some little analysis. But I don't think we are going to see those levels. 1.2140-1.2150 has been already ...

big gaps today...

Hey Merlin, may I ask how you calculated the stop or this trade? I understand that the profit target is set to yesterdays' low, but where did the stop get from ? Thanks, Nader

big gaps today...

Nice input, but don't you think that point 7 is questionable. I mean maybe some gurus tell the truth, sometimes. Thanks, Nader

Market & Trading Facts

Ya I got your point, but I think that people dump doing what they do when things change. For example, some people stop using Fib lines as soon as the market do not respect them for 2 or 3 times, so they simply dump Fib lines and start looking for ...

Market & Trading Facts

Can you please clarify and give an example if possible? Thanks, Nader

Market & Trading Facts

Thanks for the tip man, I will be downloading it soon Thanks, Nader

Gann Revisted...

I totally agree with Merlin. We are all playing a zero-sum game, but since the whole sum inside the game is too huge, the opportunities for profiting are also huge. Plus, don't forget new comers. They bring new fresh money to be included inside the ...

Where does the money come from?

Well done Merlin. I think this is better to help remove confusion that any newbie might encounter if this is a forex forum or one of the UN forums Thanks, Nader

What moves the markets?

Meedo, thanks for the offer. I just don't want to waste your time, so I think I will try downloading them through the eMule P2P and if I failed, I will contact you back buddy. Thanks anyway for giving out the hand Oh, please, tell me where can I ...

Gann Revisted...