Going up..bulls in charge on 5 M charts. Profit booking will eventually come, if not today then tommorow.

Cable Update (GBPUSD)

FXCM micro screwed me up ! Ticket Number: 15972039 I had placed a limit order to liquidate my short position in GBP/USD at 1.67710. The price went to as low as 1.67634. But FXCM micro didnt executed my order ! I am screwed up as price went back to ...

FXCM Micro Account Trading Environment Test

I agree..no pips coming here for bears. Bulls are quite strong for last 12 hours. I am thinking to exit the g/u short position at break even so to use blocked funds in other pairs which are not in congestion zone.

Cable Update (GBPUSD)

I agree. Price Action Analysis suggest bulls are not giving up so easily. I also have a small TP on my current short.

Cable Update (GBPUSD)

Finally i have also shorted.

Cable Update (GBPUSD)

Great Advice. At the moment, the best thing is to stay out to get a clear trend.

EURUSD

Massive Selling Coming I am still not short but i am waiting for the last confirmation before i board the train.

Cable Update (GBPUSD)

I am 27 years old and i am thinking to get an internal audit job and start building real life skills. Trading is also a skill but i can very well trade on a 1 H chart with a full time job and then explore trading for the next 5 years.

Why do we trade?... no really, why?

Trading is very tough...I have been doing it for last 2 months and i have not lost anything but i have not gained that much too. I am a student, so i tried trading to see whether it can work as a full time option but now i am seriously thinking to ...

Why most 'traders' fail

Hi Dan, Sorry for the error..Thanks for correcting me. Position is still open and he is in profit. Good Going. Regards, Kingfisher

DanUK Simple EUR/USD Trading Journal 2009

All technical indicators are lagging indicators.

EURUSD

Well your position must have been cut due to SL. It was risky to trade during news- The retail sales figure which was released around 30 mins ago caused USD bullishness.

DanUK Simple EUR/USD Trading Journal 2009

Great Call..how did you determine to short at 1.4978 levels? It was a perfect call !! I didnt took any positions because of retail sales pending figure data which has now been released 28 mins ago.

EURUSD

Good Going Mike...I also follow SMA..but today with few pips looses on a 15 M chart, i am thinking to trade on 5 M charts. Dont you want for MA crossover- i mean dont you wait when 62 sma crosses 248 SMA either from below or up?

62 sma system

RSI is below 30 on 30 M and 1 H charts, so that will classify it as oversold on 30 M and 1 H charts. If i am wrong, please do correct me.

EURUSD

It is an oversold position on 30 M and 1 H. I think we are heading up to 1.49.

EURUSD

oopsss...too many SLs triggered for bulls..i am also in red though i have not closed my long position because i know it will be back again in 1.49 zone.

EURUSD

Another Fundamental Trading Clue: Tommorow German GDP will be released which is expected to be positive..that should push E/U upwards...

EURUSD

Who is selling E/U? I mean is it commerical banks or hedge funds?

EURUSD

Did E/U went down because of positive US employment numbers? If yes then thats a great fundamental trading !

EURUSD