Since it's been so slow, I've been doing some scalping hoping I would end up in the green--I did. Hoping EU will get to the upper channel so I can do some shorting. Maybe some fundamental news will blip it up so I can enter a position or two or ...

EURUSD only

Looks like things are getting a little spooky. The PA is in the middle of the channel (daily chart) which gives me no incentive to go long or short. I guess I'll have to wait it out or maybe look at smaller timeframe charts. When I'm bored I'll take ...

EURUSD only

Stop using them.

EURUSD only

I am reviewing the situation... (Oliver Twist). I got stuck in multiple positions in the EU and was able to close at a profit but it left me jittery. And when it finally did fall, I closed way to early. Anyway, although I have a tremendous respect ...

EURUSD only

Steve, you are right on. The dilemma for us small accounts is that in order to make a decent profit, we have to go way beyond the bounds of a safe risk such as 1-2%. I made on my last positions about 16%. It's good but it's also high risk. That's ...

EURUSD

Really? There was nothing unusual about the drop. What has surprised me for so long was why has the EU taking so long to drop. If anyone was caught off guard, they are simply not reading the technicals. The fundamentals will blip the market but the ...

EURUSD

A retrace is considered temporary turnaround of a trend when it hits a support of resistance. It's like the market taking a breather on the trend that's up or down. Many time the PA goes and tests a previous support or resistance or a fibo ratio.

EURUSD

New to this thread but just to add my two cents. I've been waiting for this drop for quite awhile. Although I made a good chunk of change, I got out way to early. A huge loss really. The 200 SMA would still suggest we are in an uptrend (strong ...

EURUSD only

I think you first need to ask the question: is your strategy long term or short term trading. As a rule the daily determines the trend. I use the 200 SMA (white) and 50 SMA (yellow) to determine the trend. The EU is still in an uptrend for one, the ...

EURUSD

We are simply here for the ride. Regardless the political unrest, the economy and natural calamity, the market itself is in a constant state of seeking balance. That's why it undulates as if forever.

EURUSD

Saaawiiing batta batta batta sawing.... (Ferris Bueler). Sweet... just banked 54 pips!

EURUSD

Remember back in around 2008 when there was bad news for USD the Euro went up and when there was bad news for the Euro the Euro still went up. This reminds me of those days. It's like pulling teeth for the EU to go down but pops up at the slightest ...

EURUSD

We haven't had a strong drop for awhile. I wouldn't even consider upside until that drop come well over a 100 pips. It should then shoot up--that seems to be the pattern for EU.

EURUSD

Retail doesn't really move the market. Wait in about a half hour when the US Federal Reserve opens at 8:30 AM EST.

EURUSD

You're correct in that I don't set my SL. My broker requires by the Frank-Dodd Act to cover at a 25% loss which is what I use as a SL. If I'm positioned badly, it can hurt temporarily but I have always recouped my loss to usually a profit but ...

EURUSD

I have certainly been on a learning curve when it comes to currency trading. I'm still diggin myself out of a hole. Even quit for a couple of years. But now I'm back with a more long term strategy because my short term strategy left me in the red ...

EURUSD

You get it, at least I hope you do. It's all about balancing economic forces--not silly speeches. Yellen, Draghi, and that ilk, it's more what they don't say is what people need to be concerned about. They are just the puppeteers that get the flak ...

EURUSD

It's great to be a long term or trend trader because Draghi has, in the long run, no affect on the direction of the market. Through the years, all he's has caused were blips one way or another but has never turned a trend which is more governed by ...

EURUSD

It seems to be taking its sweet time testing the 1.1670's again. If it holds--this would be the third time, then it's likely to continue going up or at least be in a ~150 pip consolidation. I, however, believe it will break through for an eventual ...

EURUSD