That my friend is the million dollar question

EURUSD

Absolutely Chazzle, but unfortunately most traders do the exact opposite : They cut their profits short and let their losses run! After only 50, 100 or 150 pip profit, most traders cash their chips out instead of milking the trend to its end. As a ...

EURUSD

Don't worry, the euro has moved 250 pips higher since Friday, so the long must be itching to cash in their profits now, at least partially

EURUSD

When a pro enters a trade he is just playing the odds, just like a professional Black Jack player at the casino. But the minute the market hits his stop the bet is no longer valid and he quickly exits the trade and even reverses the position. That ...

EURUSD

Thanks for your input. Personally I NEVER, EVER trade on fundamentals. I only trade what I see right now on the chart, at this moment in time. Trust me, if fundamentals were any good at predicting the short term direction of the Forex (or any market ...

EURUSD

We all have our own trading style of course but in my opinion having ANY preconceived bias about the direction of the market is a dangerous thing for a trader.

EURUSD

The EUR/USD is due for some profit-taking and will probably retrace (from its 1.4325 Friday low to as high as 1.4550) to (at least) the 38.2% Fibonacci level, located around 1.4465.

EURUSD

I am well aware of the strong correlation between the Dow and the Euro but as a pure price action trader, WHY the euro (or any other currency) moved this way or that way is really of no interest to me. Like I said earlier in other posts, ...

EURUSD

Well, here are the two main reasons why I believe the Friday euro move was not a fake: 1: The (up) move was quick, strong, with virtually no pullback. This is not one of those "fake" moves that quickly run out of steam, immediately reverse direction ...

EURUSD

GBP/CHF made a fast 400 pip move on Friday. We may see some pullback at the 1.3100 level before resumption of the up trend, if the price breaks through 1.3250 in a decisive manner.

Spider's Den

Well Egkid, if hurricane Irene knocks down the electric system in New York City tomorrow, trading the euro correctly would be the least of my problems url Good luck with that trade anyway.

EURUSD

Probable scenario for Sunday August 28 (and beyond) : The euro will touch 1.4440 first before moving up. That sudden 175 pip move on Friday (from 1.4325 to 1.4500 in 3 hours) was way too powerful to be fake. Also note that the euro closed near the ...

EURUSD

From the 1h chart to the daily chart, the EUR/USD is making higher high and higher low. As a general rule, when the market behaves this way the trader should NEVER bet against the (up)trend. I will repeat that : If a market is making higher high and ...

EURUSD

The EUR/USD tested that 1.4325 support area for the second and last time around 10 AM (EST) but the price was immediately rejected and the euro went 175 pips higher quickly. If that support level ever breaks down in the next few days, it will then ...

EURUSD

Not necessarily, if you connect to this forum from another computer (without logging to your account) you can see all the posts, even if the person is on your Ignore list. Probably something to do with the cookies I guess. For the last time I have ...

EURUSD

I will tell you what Magix, I am in a very, very good mood tonight (on top of my euro profits I made over 200 pips shorting the GBP/CAD) so just for the moment I will take you off my Ignore list. About my prediction (the euro touching 1.4325 and ...

EURUSD

Hello The Fool, From your last comment I assume you are not using a purely mechanical trading system, yes?

EURUSD

And again, as predicted, the EUR/USD tested the 1.4325 area and bounced from there (at least 75 pips as we speak). Way too easy folks, like stealing a candy from a baby. Anyway.

EURUSD

Chicky, even though I do not agree with some of your (rather enigmatic) posts, I do like your signature : "“A man must believe in himself and his judgment if he expects to make a living at this game” Jesse Livermore How true, indeed! Here is another ...

EURUSD

Way to go Chillypiper, keep up the good work. One pip at a time, that's my motto.

EURUSD