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Mr Breakout replied Aug 10, 2011WOW! If you reinvested your profits along the way you must sitting on a truckload of money right now.
EURUSD
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Mr Breakout replied Aug 10, 2011Nah, just a retest of the 71.15 resistance level, in fact I am short again at 77.00, target is 76.5
USD/JPY Discussion
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Mr Breakout replied Aug 10, 2011Ok, round 2, short at 41.75 target still at 41.20, let's go Euro, show me the money.
EURUSD
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Mr Breakout replied Aug 10, 2011fxjawn is absolutely correct, but only a few traders know about this principle. But shhh, cannot say more...

EURUSD
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Mr Breakout replied Aug 10, 20113 pips from 41.20, this son of a gun tricked us again! Oh well, I will take the lousy 25 pips profit at 41.75 and move on.
EURUSD
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Mr Breakout replied Aug 10, 2011Euro is retesting 41.50 for the last time. Easy boy, easy...
EURUSD
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Mr Breakout replied Aug 10, 2011Exactly, hedge funds use simple moving averages and classical Donchian breakout techniques to follow the trend, nothing more, just like us.
Where is the EDGE in trading? The most important thing in trading!
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Mr Breakout replied Aug 10, 2011Don't worry KumoDragon, during the Asian session the market makers are just playing games and flushing a few stops. When they are done fooling around Euro will then resume its real trend.
EURUSD
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Mr Breakout replied Aug 10, 2011And let's not forget the 6th Commandment: Thou Shall Not Kill.
EURUSD
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Mr Breakout replied Aug 10, 2011Come on baby, 5 more pips, 41.20, here kitty kittie kittie... 41.20
EURUSD
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Mr Breakout replied Aug 10, 2011Oh, a set-and-forget thing then. Otherwise you cannot have any kind of social life if you have to place up to 80 trades per day, 5 days a week, you will get exhausted beyond belief, even if your trades are profitable.
EURUSD
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Mr Breakout replied Aug 10, 2011Hehehe, that's my little secret SashaP
But just wait and see...EURUSD
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Mr Breakout replied Aug 10, 2011Sorry, I mean it will reach the 1.4120 (not 1.4070) level and rebound 20-25 pips from there. And that's only the first part of the scenario.
EURUSD
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Mr Breakout replied Aug 10, 2011According to my charts EUR/USD will touch 1.4120 and then rebound 20 to 25 pips from that level.
EURUSD
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Mr Breakout replied Aug 10, 2011I hope it will, look at the chart, those big red 1h bars mean business, right now EUR/USD is going down as pulled by gravity. Shorted at 1.4200, let's see...
EURUSD