Is it possible EU will cut rates ?

EURUSD

Hmm.. drew a fib from 1.5 to about 1.595 - about the height of the triangle we just exited. This resistance coressponds with lower level. Not saying it means something, so far at least, but will be interesting to see in the future...

EURUSD

Hmm.. works here. You can enter url and then trading ideas on the right.

Breeze....Update on GBP/JPY

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Breeze....Update on GBP/JPY

Well, we'll see I guess... I'm not the type to fool myself or waste my time if it doesn't work.

10% Profit Possible?

You're right of course, it's not that I consciously attempt to reach some number and direct my trading towards it. It's just the basic minimum goal where I think it starts to be really worth it. If I can't do that than I might as well go do some ...

10% Profit Possible?

Precisely because of the balance I described in the first part of my post that you didn't quote - if you increase the leverage you risk taking serious and sizable losses if you're wrong a few times in a row. I currently do not risk more than 2% max ...

10% Profit Possible?

I believe for every trader and his trading there is some optimum leverage where higher would be bad if he had several losses in a row and could ruin him in some unlikely but still reasonably possible sometimes case, and lower would not exploit his ...

10% Profit Possible?

Hmm... I see it happen 2 hours earlier than that on my chart... Not that I think it matters. If you short so early against such a strong move towards the resistance, you get burned. That's why I keep repeating to myself the FIRST RULE OF TRADING ...

EURUSD

Those poor guys who didn't have SLs on JPY paired currencies the last two days... especialy the even poorer guys who had trades at the start and still hold them...... Just my personal opinion - if you can't choose your trades well anough to profit ...

EURUSD

Thank you PhorPhunn. That's some very skillful trading on your part. Good luck

EURUSD

Fantastic, kudos man ! I'm guessing you trade E/U primarily ? And what king of SLs and trailing stops do you use compared to expected profit ?

EURUSD

There's a triangle with 3 lower touches and 2 peaks starting 2 days ago. We're in the middle of it now, looks bullish to me so far but let's see what happens...

EURUSD

300% profit isn't a leverage of 100% if my math doesn't betray me - that's a a leverage of 100 or 10,000%... How long have you traded, are you on demo or with a real account ? This leverage is insane, I started with stuff like this on demo and lost ...

EURUSD

Nah.. forget it, this larger drop may happen and may not at all, it's pure specualtion in my opinion.. only thing is certain I think is it will eventually go higher than it is now even if there's a drop a bit below 1.5.. I'm hedged 2:1 long with ...

EURUSD

That's cool I think People looking for 108-110 again.. not so cool..

EURUSD

Just read DailyFX - they think it's starting a MAJOR downtrend, so I'd think twice about that...

EURUSD

Hi Abuawad, Could you say a word or two about FXCM options - Do they have trailing stops, allow trading both ways with different positions, is that maximum spread always true or maybe gets bigger during news releases or near weekends for example and ...

Cable Update (GBPUSD)

That's interesting. I abviously started demo trading with large leverage, like most people I think but then gradually reduced it and of course now I make better decisions regarding trades and have my rules more or less set on how to trade. I ...

EURUSD

What's your average week Kharvell, if you don't mind me asking of course ? Enjoy the weekend.

EURUSD