Great Going Xaron I frequently check your FX book and i must say you are an amazing trader..amazing growth you have shown in your forex account. I hope scalping 1 pip a day does not make you tired and does not affect your main account ...

1 pip per day (at least)

I have built fresh new longs at 1.4970 levels for 20 pips profit. After 1.4900, i will not take any position and will sit and watch.

EURUSD

I have booked profits on all longs from 1.49030 levels. Now waiting to enter fresh long as 1 M and 5 M charts are little bit down, so might get a decent price for a fresh long. Selling will come but only after traders have built enough long ...

EURUSD

Traders are building long positions after the sell off. No indicator says to short e/u

EURUSD

I feel traders have booked profits on long positions and now fresh new long positions are getting created as evidenced by 5 m and 15 M chart rising.

EURUSD

Some recovery happening..small long for T/P 20 pips at 1.49030

EURUSD

I like Oanda but 50:1 leverage is quite low.

Good Micro Trading Brokers

I have liquidated 2 of my shorts for 20 pips each. 2 shorts i want to liquidate at B/E as i shorted them at wrong price of 1.49330 levels during monday asia session. Short covering is happening and in the next 2-3 hours, we may see fresh long ...

EURUSD

Buyers under 1.4940 — EURUSD: Buyers under 1.4940 Tue, Nov 24 2009, 03:10 GMT http://www.forexlive.com Hearing there are at least 2 good US names buying under 1.4940. The earlier attempt to push for stops sub 1.4930 failed, running into the ...

EURUSD

Wise words. I trade with 400: 1 leverage in eur/usd and the normal intraday volatility has the ability to shut my forex trade shop. I dont trade that many lots, so always have enough balance in the account to ride out the up and down.

Market makers will bankrupt us at the end?

15 M charts down. 30 M charts and 1 H all pointing downwards. i think selling fo the next 6-7 hours will continue till tokyo opening. All those longs since asia morning are finally booking their profits and new shorts getting created.

EURUSD

Increase in home sales = USD Bullishness

EURUSD

I think after 50-80 pips profit booking, traders will again build long positions to test 1.5 upward levels. But at the moment, everything looks down..so lets see how much down it goes.

EURUSD

Right...for last 4-5 weeks, every monday traders have built long positions pushing price up and then on tuesday they have liquidated all the long positions pushing price down. Today same pattern repeated from asia opening.

EURUSD

Which platform did it broke 1.5? FXCM is showing almost 8-10 pips difference !

EURUSD

At the moment if it goes down, it is a profit booking and new short positions being created. Once it falls 100-120 pips, short positions will be covered and new long positions will start to build. The party is not over but cracks are visible.

EURUSD

May i ask did you put any S/L on this position as traders have jacked the prices up? I know profit booking will set in at higher prices causing price to fall. I am also short in eur/usd.

100 to 1000$ in a day regularly Target

Even if it goes up, ulitmately profit booking will set in. Traders will liquidate their long positions to book profits. I am also short and have enough safety margin in the account in case if traders jack up the prices more.

EURUSD

I agree. At the moment, traders are building long positions taking price up. Ultimately in few hours time, profit booking will set in causing price to fall. It is a game of profit booking. First traders are building long positions, then they book ...

EURUSD