Keep in mind though that in those instances where fundamentals suggest a flat (or non biased) direction, it is then that the swings are ruled more by the technicals. Such is usually the case in a tight ranging market on lower time frames.

14 Year Old Forex Trader's Lessons

Good plan Buma Congrats on your second vouch

14 Year Old Forex Trader's Lessons

In a ranging market similar to what we saw in the euro between May and August, with the daily, weekly and monthly technicals and fundamentals already suggesting a move downwards despite the rate hikes from the ECB, I was selling the tops and taking ...

14 Year Old Forex Trader's Lessons

Congrats Swede Thanks for the update.

EurAnalysis

Well done to you also mla I know what you mean about half-sleeps. I used to go through that myself when I used to trade intraday. Now I just place my positions and when price moves away from the mean and reaches a new mean, I relax and ...

14 Year Old Forex Trader's Lessons

Yes Buma, that sell limit order was yesterday's projection. Now I am not sure anymore. However one thing I am sure of if that I will not open another short until we get a correction. I don't do breakout trades for position (swing) trading. Only ...

14 Year Old Forex Trader's Lessons

Yes Billy, Full standard lots and multiple lots per position.

14 Year Old Forex Trader's Lessons

Paying the Piper by Craig Alexander (TD Bank Group) — Financial market volatility looks likely to remain the dominant theme in the coming months, and the risks of a renewed recession in the advanced world have intensified. Europe’s fiscal ...

EurAnalysis

NEWS — Eurozone delays decision on next Greek payout Another bad day for the markets. Another good day for the Euro bears. .

14 Year Old Forex Trader's Lessons

NEWS — Eurozone delays decision on next Greek payout Another bad day for the markets. Another good day for the Euro bears. .

EurAnalysis

Good day everyone. My shorts are now sitting at approx 1150 pips profit... looking for much more. Buma and mla, Thought I would post my latest H1 charts so you can see what I am doing. For a more detailed explanation, just visit my thread. Happy ...

14 Year Old Forex Trader's Lessons

That's excellent. There's lots of pips to be had here. Happy trading to you also

EurAnalysis

Trader_Valsky, That's excellent. I am sure your target will be reached, but I think your stop may be a bit tight as I feel price may again test the previous channel support (now confirmed resistance) before heading lower. That area is around 1.3220. ...

EurAnalysis

Soon we will have a leaning tower of Eiffel and a falling tower of Pisa

EurAnalysis

Upon much closer examination of the charts (after having my coffee ) I have decided to put the channel limits back where they were before as the expanded version made no sense at all. We have in fact violated the channel support to the downside ...

EurAnalysis

Europe morning update — I'm back and well rested I see we have some new posters. Welcome to Trader_Valsky, Teddicus and Aimignacio and thank you for your posts. We all look forward to your future contributions. Please take a few minutes to ...

EurAnalysis