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    • TradeWell replied Oct 28, 2008

      I think there are too many unknowns, such as: 1. How much leveraged carry trades are still "unwinding"? 2. To what depth will a recession be felt in US versus Europe? 3. When will the anticipation of the excess dollar liquidity catch up with the ...

      EURUSD
    • TradeWell replied Oct 27, 2008

      1.25 is a psychological resistance. Generally, you should never buy or sell so close to a pivot point. I did go long, but had an entry order at 1.2511, so if it did go past 1.25, I figured it would be strong enough to take my order and go a bit ...

      EURUSD
    • TradeWell replied Oct 27, 2008

      Don't worry about it. There are plenty of opportunities to trade. By the way, 90% of traders don't survive. Since you make or lose money if the market goes up or down, there are only two choices to make. That means you have roughly 50% odds. If it ...

      EURUSD
    • TradeWell replied Oct 24, 2008

      Since I trade by scalping, more or less, the news really has little direct effect. However, I like to travel so currency valuations have some "real world" value for me. No matter what gloom and doom you hear, everything will turn out OK. There are ...

      EURUSD
    • TradeWell replied Oct 24, 2008

      I was in Europe for 6 months recently. I talked to a few financial guys and a trader about that very issue. Their main problem had been inflation, which is less of a problem now. They saw the US dollar as potentially weak, long-term, due to the rate ...

      EURUSD