We are going back to 1.20..talks are over. Dow will also fall.

EURUSD

Looks to me risk aversion will take place tonight because of bad unemployment data. Dow jones futures will loose its gains. FTSE 100 will close in red. Oil will fall. Gold will increase. US dollar to be brought.Treasuries will increase. Same old ...

EURUSD

Dow jones future + 91. I dont think dow jones can hold that gains in bad unemployment data.

EURUSD

bad data I have shorted dow jones

EURUSD

There are 2 parties to trade- buyer and seller. So one party pays rollover interest and another party receives roll over interest. Looks to me it is that simple.

Who actually pays rollover interests in forex? Brokers or banks?

Very Right. I am making notes of each trading day (global indices) since last 2 months. I am saving charts, OHLC data in an excel sheet and write in a word file what happened on that day. The patterns are getting repeating again and again. The news ...

Trading is an intuition business

Use actionforex pivot points. They are good.

What time to use as END OF DAY for calculating pivot points?

Thats a great monthly chart ! Only 9 trades in 8 years.

Weekly and Monthly TF trading - Wow!

Thanks Forexia. I agree with you. Trading is best business in world. It is best career in world. But in my situation, i am not able to pay my bills while trading. I think i will start a job, work my way up and keep practicing trading on every day ...

Isnt a service career more satisfying then trading?

Thanks to every one for their valuable time. The trading business is good but after working on it for few months, well i cant pay my bills. Some money came, some money lost but bottomline is i cant pay my bills. My parents retire in 5 years and i am ...

Addicted to forex trading affecting studies and career

Yes..In a proper career, atleast i will get a pay cheque, will have a friend circle and with the growth in world economy, i can grow. In 2000, World Output/GDP was $ 28 trillion. Right now world output is $ 60 trillion. So, someone who has started a ...

Addicted to forex trading affecting studies and career

Great post, Doug. I have been following your post for past so many months and you guide lost souls like me quite well. You are very right- I am not gaining anything from trading. I will be needing couple of years of practice so that neurons and ...

Addicted to forex trading affecting studies and career

Stay 'childfree by choice.' Babies are quite expensive and money saved is money earned.

What is best strategy to make $100 Daily?

Day trading. I dont hold any overnight positions. I find futures easier to trade. Currencies are too volatile, too much leverage, and 24 hour trading does not suit me. I trade only FTSE 100 but keep a track of Nikkei 225, DJ and other futures market ...

EURUSD

Well said.. clap clap clap. This is real secret of trading. I find futures trading easier then currency trading. I could make money in FTSE 100 and dow jones easily.

EURUSD

55/100 EMA on which TF? Hourly, Daily, weekly or monthly?

55/100 EMA System

Nothing much. Disappointing, depression and recession leading to way below average account growth rate leading to alternate career plans from full time trading to full time internal auditing.

What was your account and what is it now?

Move to a mechanical system of trading without emotions after getting a system which gives you an edge. Mark Douglas say ' anything can happen in market' and we try to rationalize the unexpected through market analysis. Unexpected can not be ...

New home sales, whats going on EUR/USD?

3 things to consider: 1) Have you ever seen a doctor who is afraid of Blood? Why? Because they have trained their mind for last 10-12 years. You will never see a trader who is afraid of doing trading because they have trained their mind to handle ...

My Story, Need Advice