In that case, why not SL a few pips ABOVE daily R1 (1.3227)?

EURUSD

Got 12 pips on a quick EUR/JPY short when it touched R1 - as usual, it had to touch it to the pip!

EURUSD

I am long GBP/USD - it has more potential (might be looking for 400 pips on daily time scale, since PA in the monthly side trend has made a turn up from lower BB

EURUSD

You are calling brokers, liquidity providers and market makers the thieves as if you, and I, and all other retail forex traders are any different. Trading forex pairs we simply try to out-thief the thieves by finding market ...

EURUSD

Well, on GBP/USD we are talking about a monthly scale. At 1.49/50 it wasn't as obvious as now. ( Plus, I only looked at monthly on that pair today ;-) ) On monthly scale the upper limit is 1.64, and middle of BB is 1.58. So, it is very nice moment ...

EURUSD

Interesting breakout in EUR against all pairs. The move north wasn't followed by GBP, AUD, NZD...

EURUSD

You can't seriously compare stocks (that can go bankrupt overnight) and major currencies. Certainly, we can make exceptions for nuclear war, or coming back to earth of a certain imaginary religious character. But then your account balance won't ...

EURUSD

I think, here is how we can agree on the fundamental vs. technical view: you first create a fundamental bias, and then trade ONLY when technical indicators point in the same direction as fundamentals

EURUSD

I have just looked at monthly GBP/USD. To put it in short words, I won't be looking for any shorts here for a long time

Cable Update (GBPUSD)

off-topic - I have just looked at monthly GBP/USD. To put it in short words, I won't be looking for any shorts in that pair

EURUSD

Sounds great in theory, but a fundamental trader needs weeks- and months-long patience, combined with nerves and leverage to sit in the negative through 500-1000 pip losses. Unlike Newton's laws of physics, a trend will continue trending until it ...

EURUSD

AUD/NZD is in fact an interesting and safe pair to trade. Mostly because the two currencies are coupled when external global forces - like risk aversion and risk appetite, JPY and EUR surprises - govern the trends. AUD/NZD is a Forex safe haven in ...

NZD/USD

When the down trend forms - then it is safe to follow) At this time it's wishful thinking. I am not saying it can't turn down - we just have to see it happen first. Nice trade! But you meant AUD/NZD. I also scalp shorts in that pair

NZD/USD

Why shorting against the trend? Trying to pick a top when NZD trends is risky - better enjoy the ride. I had been burned by NZD a few times before I learned to respect its trends Just look at up and down moves in your plot in Dec 2011 and May 2012. ...

NZD/USD

LOL, if only an average voter could think like you instead of following easy slogans and fake outrage)

EURUSD

It looks like both repositioning of yen invsetments, plus statistics on China import was surprisingly strong this week. Both AUD and NZD are benefiting, but NZD has been undervalued vs. AUD sinc ethe risk aversion started. In fact, shorting AUD/NZD ...

EURUSD

Kiwi is doing great, I have just closed my short in EUR/NZD from yesterday for delicious 120 pips. Although it will test the round 1.50 number, I decided not to be greedy. Trying to pick a top when NZD trends is risky - better enjoy the ride. I had ...

EURUSD

If EUR/JPY retraces from R1, we will have a nice double top at this level on 1-hr chart. This will be a start of a 900-pip correction

EURUSD

And as always, EUR/JPY delivered R1 to the pip! Once it starts going - nothing can stop it till R1 or S1 Closed my long from 129.10 to 129.78

EURUSD

I am riding longs on EUR/JPY from 129.10 till below R1 - TP @ 129.78, on USD/JPY from 99.06 to just below 100, and on GBP/USD from 1.5302

EURUSD