To be completely fair, there are a few technical indicators that simply do not work, at least the way traders usually use them. Take the Commodity Channel Index (CCI) for example, introduced in 1980 by Donald Lambert. Donald suggested that long ...

Where is the EDGE in trading? The most important thing in trading!

Well, if you are claiming to make easy money with your super fast trading station, then why are you asking "where is the edge in trading"? Isn't that an edge already, according to your own post? And if so, then why do you care about technical ...

Where is the EDGE in trading? The most important thing in trading!

Then you have nothing to worry about. Beside, by the time they catch up with you, you will already have a magnificent villa in beautiful Marbella, Spain (near Sean Connery's house) and a fat numbered Swiss bank account, isn't that true Reres?

Where is the EDGE in trading? The most important thing in trading!

Sure, then do it and continue making millions, Forex brokers just love to be constantly ripped off. And soon your name will end up on THE blacklist and your local foreign exchange booth at the airport will be the only place left for you to buy and ...

Where is the EDGE in trading? The most important thing in trading!

Are you for real? Your Forex broker knows all those cheap tricks, if you try to be faster than him (using a faster price/news feed provider like Reuters) he will quickly notice and not only reject your order (or put you on manual) but he will close ...

Where is the EDGE in trading? The most important thing in trading!

Sure, just pretend you did not understand my comment, nobody would notice. If the USD/SEK spikes 1,000 pips in 0.1 second against your position, you take an instant 1,000 pip loss Skippy, because if you believe that your little 50 pip stop is going ...

Where is the EDGE in trading? The most important thing in trading!

Well at least you have some sense of humor Piters, that's really refreshing. Anyway, got to go, have a nice day all and see you in, let's say, 50 pips?

EURUSD

Losers trade breakouts, the pros fade them. If you don't know that by now then you still have a LOT to learn. And believe me, I am in no mood to babysit you and teach you the basics.

EURUSD

Well I guess Yoursong is not available at the moment, he must surely be busy dealing with his margin calls.

EURUSD

Are you there Yoursong? I asked you a question, at least have the courtesy to answer it.

EURUSD

Who are you talking about Yoursong?

EURUSD

Seriously, how many forex brokers are here to "advise" us on the direction of the euro (or any other currency pair) just to flush our stops?

EURUSD

Well, you know what they say, it is not over until the fat lady sings... (No offense to all the beautiful plump ladies here)

EURUSD

That "downtrend" you are seeing? Very simple explanation, the EUR/USD is reaching for the gap created since the Sunday open, that's all.

EURUSD

You will see Piters...

EURUSD

Come on EUR/USD, touch 1.4340 and then bounce at least 50 pips from that area, I know you want to, come on, don't be shy.

EURUSD

Don't worry, EUR/USD is going to hit 1.4340 and rebound at least 50 pips from there, watch...

EURUSD

Reres, entire books have been devoted to that subject alone. There are hundreds of EA's (Expert Advisors) out there that just backtest the "gap fill" concept everyday, looking for the perfect winning parameters. Thousands of traders and researchers ...

Where is the EDGE in trading? The most important thing in trading!

That said, and since we are here to talk about the Euro, here is my pending order on this pair : Sell EUR/USD at 1.4340, take profit at 1.4290 (50 pips) stop at 1.4370.

EURUSD

Kenfen69, you Sir are a total coward, on top of being vulgar! Watch your mouth, you really, really don't want to mess with me, you have been warned.

EURUSD