Today's Thanksgiving and there's hardly any volatility on the market, I am not so sure that there's any point in opening any EUR/USD positions. Next week, however, it will probably fall towards 1.0500.

EURUSD

I think it will reach at least 1.3160, it formed a double top visible on the weekly time-frame.

USD/CAD

I make 2-4 trades per day so that would mean I make around 10-20 trades per week. It depends on how volatile the market is.

How often do u trade?

It did indeed, but I doubt it'll break below 1.0616 before the market closes. Next week though we'll probably see it reach 1.0520.

EURUSD

I am using it on the shorter time-frames too, I just didn't mention it because the thread is specifically about spotting trend endings. That said, that approach works for all time-frames.

How to detect the end of a trend?

I watch the candlesticks. A well-formed hammer, inverted hammer or doji candlesticks below a major resistance or above a major support on the 4-hour, daily, even weekly time-frames are clear indications that there will be at least a temporary ...

How to detect the end of a trend?

I too shorted and set my sell stop at 1.0620.

EURUSD

I think the pair will continue falling but range is too tight right now to open new positions. I will wait for break below 1.5170 before I sell.

Cable Update (GBPUSD)

Aerosmith - I Don't Want to Miss a Thing video

What kind of music you hear while you trade?

The market reaction to news tends to be terribly fickle. I prefer technical analysis and trading during periods unaffected by news.

Why aren't traders who straddle the news successful?

It's different for every individual, I think. But if I were to generalize, I'd say it takes at least six months to a year active study and exercise to learn how to be relatively successful. And that is usually the best case scenario. Some people ...

how long does it takes to become a successful trader?

I think there might be some retracement to 122.80 first.

USD/JPY Discussion

I think it will keep falling until it reaches 122.40, which is a good support level on the four-hour timeframe.

USD/JPY Discussion

Indeed, it reached the resistance at 1.3310, I doubt it will be able to break above that level immediately.

USD/CAD

The previous high is at 125.84 so I'll probably close my long positions when it reaches that level.

USD/JPY Discussion

It really depends on how good one is at multi-tasking. I can monitor up to ten pairs at the same time but once I've actually opened any positions that number decreases to four or five.

How many Pairs Should a Trader focus on

Considering that shooting star candlestick we can probably expect the pair to fall to the previous low at 1.3055.

USD/CAD

If it falls below 1.5400 I will sell again with sell limit at 1.5350.

Cable Update (GBPUSD)

It broke way above that and next week it will probably climb all the way to 0.6880.

NZD/USD

The pair bounced off the (MA)89 on the one-hour filter chart at 1.5310. Considering that this (MA)89 has been a persistent resistance for days now I think GBP/USD will continue falling now so I will be shorting again.

Cable Update (GBPUSD)