I shorted earlier today and I'll close the short positions when the pair reaches 1.3190 because I think it might bounce off that support.

USD/CAD

I closed a short position when it reached 1.5280. If it falls below that level I will sell again.

Cable Update (GBPUSD)

It's always good to know as much as possible, but even one successful (emphasis on "successful") strategy is enough.

How many strategies does one need?

Another factor is yesterday's ECB rate decision announcement, I think.

EURUSD

It may have reached some resistance at 120.70 but I wouldn't be surprised if it breaks above that level and climbs much higher.

USD/JPY Discussion

Yes, I experienced an issue with my demo account recently. But I have to say the support team were very helpful in explaining the situation and reassuring me that it was just some maintenance work. I haven’t had any problems since and the support ...

ActivTrades broker opinions

video I really like this cover.

What kind of music you hear while you trade?

I'll be keeping my short positions open until the pair reaches 1.5420. I think it will bounce off that support but that range will continue until the ECB rate decision announcement.

Cable Update (GBPUSD)

Between the strong resistance at 1.5500 and what looks suspiciously like a double top formed on the four-hour timeframe I think I will be shorting too.

Cable Update (GBPUSD)

It looks like it did break above 1.2900 but I don't think the move to the upside will last very long.

USD/CAD

Yes, one probably can make a living off Forex but it will take quite a while to learn to do that.

Living Off Fx

I've been keeping long positions since it broke above 0.6630 and considering the way it's going I might keep them open until it reaches 0.7000.

NZD/USD

For a while there I thought it might break above 0.7340 but the break out proved to be false. Good thing I closed all my long positions on time and shorted. I think it will reach 0.7235.

AUD/USD

Out of all the Forex-themed books that I've read Steve Nison's works on Japanese candlesticks were the ones I found to be the most helpful.

what is the best forex book?

The weekly candle does look very bullish, but there's also a significant resistance at 0.7360. I'll wait and see whether it will break above that level before I open new long positions next week.

AUD/USD

As far as I am concerned it's always prudent to use stop loss. Even if we discount all other arguments why that's a good idea, you could just have the sheer bad luck of your Internet connection going down and being unable to close your positions on ...

Real Fx traders do not use stoploss

Long-term prognosis might be bearish but the short-term one is quite bullish in my opinion. The pair will probably reach the resistance at 1.5310 soon.

Cable Update (GBPUSD)

It broke above that resistance and will probably continue rising at least until it reaches the next resistance 0.6630.

NZD/USD

It's possible, I think, but not before it bounces off the support at 1.5160.

Cable Update (GBPUSD)

Unfortunately it looks like it bounced off the resistance at 0.7443.

Cable Update (GBPUSD)