I would wait for risk sentiment to recover before considering going long on USD/JPY. S&P500 just completed double top and SPX posted first greater than 1% drop in 110 trading days. Fear & Greed Index is at 36/100 (fear) and XAU/USD is shining ...

USD/JPY Discussion

You have to predict SL and minimal TP point before entering a trade. If you don't, you have no clue if trade should be taken according to your past win/loss ratio and profit factor. You look for resistance/support levels to establish where price ...

How do you decide your exits?

Thank you for your advice. I don't have a problem with delays as my average trade lasts a day (25 hours) on average and my average win is 151.54 pips and average loss -61.87 pips, so I don't care if subscriber gets a signal 5.000 ms or more later, ...

How to make a living with trading?

Does any have experience with signal provider services? It would be nice to have second income from trading. Which one is best to use if you are a signal provider? I'm looking at url How about Zulutrade etc.? Is it difficult to get subscribers if ...

How to make a living with trading?

Consistency in trading and compound interests is all you need. Lets say you start with 50K account + 3 years of living expenses covered. You manage to average 40 % profit per year (which is very, very good result). So your trading account has grown ...

How to make a living with trading?

If you want to be full time trader your trading account should not be smaller than 50K and you should have 20-30K spare money to cover your living expenses while growing your account to 100K or more. Then you can start thinking of living from ...

How to make a living with trading?

For anyone who is still in the dark why EUR/USD reacted bearish: url

EURUSD

I wouldn't trade high profile news events with broker who doesn't explicitaly guarantee stop loss executions during these events in their Terms & conditions. Here are a few: url

EURUSD

It wouldn't. I risk only 0,5 % per position when trading during high profile news events and use tight SL. I was even at BE SL on this one. There are old traders and bold traders, I prefer falling in the first group

EURUSD

Exactly I took a trade on retest of range/inverted H&S neckline support at 1.0608. Textbook technical trade. Sometimes it's just scary how well technical analysis works. As it market crowd psychology would know what will happen even before news ...

EURUSD

ECB = less bearish + FED = moderately bullish (unchanged policy) -> EUR/USD neutral/bullish in short term and still bearish longer term. My 2 cents.

EURUSD

Whenever markets have already incorporated rate hike in price action. Quote Buy the rumors, sell the fact in action.

EURUSD

It doesn't matter if it's good or bad. It's all about meeting (or not) market expectations and rate hikes being (or not being) incorporated in price already. We are speculators, not hardcore fact readers. What is fair price anyway? Summary of all ...

EURUSD

"In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. ...

EURUSD

Nice. First target hit. I didn't get whipsaw with SL at BE, very, very nice Now lets see if wee can take out 1.07. USD/JPY is supporting USD bears for now...

EURUSD

Because of only 20/24 % probability of less then 75% FED rate hike in 2017. This info will drive the markets most and is highly USD bullish.

EURUSD

I see the same technical picture in progress, BUT I'm not willing to take any chances before FOMC/Trump/Netherland elections mix, so I moved my SL to BE. I will be most probably whipsawed out of trade, but better to be safe than sorry. Btw. I found ...

EURUSD

You are very brave to tick/1m/5m scalp in pre FOMC environment. We are seeing prepositioning of big boys now, which can cause PA to skyrocket, fall or just whipsaw before news event.

EURUSD

With ECB being less dowish, Schaeuble even pressing on Draghi to start rising rates, Yellen has to be very hawkish about the future of FED rate hikes to see 1.0500 break. It all comes down to that FED will do after march. If she stays at everything ...

EURUSD

EUR/USD long from 1.0608 with tight SL=1.0562, T1= 1.0697, T2=1.0775. Lets see if this baby can continue to fly. 0.25% march hike is calculated in price already, it all depends on what FOMC has to say about trend of future hikes now. I usually don't ...

EURUSD