Support acting at 1.37300 — Support acting at 1.37300 on H4. Possible retracement to 1.38857 resistance zone. If resistance valid at 1.38557 zone on H1, I will short for the day. (my noob strategy). Just testing

EURUSD

Why and who are then buying? — Seeing this weekly chart. "people" or smart money? is still buying and people who feel fear are taking profit. Though momentum looks low. But then why is there bull on weekly chart? Means speculation is still for ...

EURUSD

EUR/USD — Looks like the upward momentum is almost exhausted. Very risky right now. I will rather wait for whole week to put in trade. Tonight's London might give some hint. Shorting to level of 1.37013 from the current level of 1.39411 MAY be ...

My trading journal

KISS principle — From my at least 1 year of demoing the currency market. I think that more the indicators are on your chart, more suicidal and confusing it is. I have evolved from about 10-15 indicators on my chart to now much cleaner charts ...

My trading journal

EUR/USD — The price went back to test but till now looks like failed and going again for a retest. The momentum is near finishing if we compare the movement to usd/chf. I think the bull position though still somewhat valid is very risky. In ...

My trading journal

EUR/USD — For this week I think that long on EUR is suitable. I just opened 0.2 minilots based on my bollingerband strategy (well I am still testing it). Seems like it will atleast retest near its previous high

My trading journal

Thanks — Thanks Fireking. Very true that smaller timeframes are the ultimate killers for retail traders. Well at some point it feels like that there is no logic in this market and it is just gambling. Time and timing are two critical ...

My trading journal

Caution noobs M5ers and M1ers. Know how to survive the draw down — Surviving the draw down is the main key here. This is my super caution to noobs (which I am still) who make use of high leverage on M1 and M5 or M15 time frames. From my live ...

My trading journal

Thanks for thinking about my Journal. Yes everything is okay with me. Was little busy with some move. I had been trading well and am still learning. In the meantime, since I was working on this DEMO journal, I opened a small live account to get the ...

My trading journal

Any one long again? — Any one planning to LONG again? I do not know. Price action is very trappy?

EURUSD

First Bull trap and now bear trap going on — What the smart money. Trading NFP is fun as well as challange!!. This looks like going to retest 1.40000

EURUSD

Strong down move — All about smart money taking away the stops?

EURUSD

Do you really have to ask? He stopped posting 2 days after he started. He probably blew up his account many times over trying to use too much leverage to get unrealistic returns. Agree with you. From all I have learned from atleast a year of Demo ...

Zen Trading - $30 to $50,000 by 1 August 2010

Where did you reach? — Did you finally get your target of 50000 by August or not?

Zen Trading - $30 to $50,000 by 1 August 2010

No more steam — H4s are showing Bearish divergence at least at three places. This looks like focal retracement to test 1.40000 once again. Any ways I was out of Longs yesterday early morning after getting my 50 peeps from this sxy trend

EURUSD

Is today's London session short on euro — Doublish top on H1 and established bearish RSI divergence on H4. USDCHF touching the lowest in history. Is today London session going to be short on euro?

EURUSD

RSI divergence at H4 — Does anyone think that there is Bearish RSI divergence building up at H4 TF?

EURUSD

My view on weekly chart — Three important resistance areas and then retracement to 38.2 level. Momentum still high. Looks like it will hit 1.40200

EURUSD

Sideways — Sideways? What next? Another 70 PIPS long run or Short run? Is history going to repeat or this will be bull trap this time?

EURUSD

opened long — Opened "long" 0.1 mini lot just to check bulls at 1.29990

EURUSD