Yep! Weekly support and resistance zones are important and I am trying to pay more attention to them and observe price action at those levels. I definitely got in a little early last week with my shorts and my mind started playing games with me once ...

EurAnalysis

Hey PT, I've been keeping a close eye on all of the majors and I am also in agreement that we are now seeing our downward movement most of us have been anticipating. Just posted in the AUD/USD thread but I'll re-post here for others to read. **I ...

EurAnalysis

LOL. I've been waiting for a certain member to come in and start posting again now that AUD is moving lower. I'll try and post a little more often once the holidays are over. I had a rough last 2 weeks while trying to short NZD/USD (shorted too ...

AUD/USD

LOL I like your word choice more than mine! Anyways, enjoy the rest of your week FloFri.

EurAnalysis

I see what you're saying, gaining 2% is definitely better than losing 2%! However, I personally don't consider it being successful. If my goal is let's say 20% per year and I only make 10%, I would actually consider this a failure although I did ...

EurAnalysis

I don't know if this would be considered success though in trading FOREX? You can park your cash in quite a few large cap companies (which is pretty damn safe) and earn more than that just through dividends alone... Not to mention many banks ...

EurAnalysis

Doesn't matter how much money you're dealing with, it is all relative in terms of %. % is %... It would be naive to shoot for 20% per year with $100,000 but only shoot for 2% with $3 Bln. Doesn't make sense... Anyways, I'm not getting on your case, ...

EurAnalysis

Yea, at least they had a profitable year Not sure if there 2% kept up with inflation though... LOL

EurAnalysis

Hey RedTeam, In all fairness, the Hedge Fund mentioned in your article only made 2%! That is peanuts, no, that is pathetic. I could do that any month of the year no problem, so could most who actually take this business seriously.

EurAnalysis

Looks like E/J is gapping UP about 200 pips!!! LOL Elections must be Yen bearish...

EurAnalysis

Agreed!

EurAnalysis

No problem. If I choose to sit out I had better do it with conviction as well! Probably just going to hold onto my E/A longs and sit out the rest of the month. Need to enjoy the holidays with as least stress as possible...

EurAnalysis

I was actually short NZD/USD, but you're right, NZD/JPY is way overbought and is in need of some sort of correction. Definitely need to take a break though... Hate seeing profits that I work hard for disappear due to bad timing and positioning. I ...

EurAnalysis

Hey PT, I'm definitely not going to buy but I don't want to be short and have another wave up occur... Happened last week and am starting to see bullish momentum pick up for NZD, AUD, and EUR. Don't want to chance it especially if we get another ...

EurAnalysis

I wasn't long against the USD at all, probably for over a month now. Only long with JPY cross pairs. However, last week I tried picking the top with NZD and it didn't work out too well so closed out those short positions for a loss. Today I saw NZD ...

EurAnalysis

I'm closing out all of my short positions! No way am I going to ride the next wave up underwater... F**king worst month ever!!!!!!

EurAnalysis

Yes, this week has been mostly bullish so HOPEFULLY we will get our typical "profit taking" which normally occurs on Friday Would love to finally see some bearish momentum as it seems many of the majors (EUR/AUD/NZD) are sitting at some nice ...

EurAnalysis

Shorted AUD/USD due to weekly downward TL @ 1.055 and shorted NZD/USD @ .8424 as there was a shooting star on yesterday's daily close. **However, I am NOT liking this bearish bias that I have been letting get to me... I am going to regret all of ...

EurAnalysis

Yep! NZD/JPY hit a 4 year high today!

EurAnalysis

Nice!

EurAnalysis