I'm interested to see what happens at the 3190 and 3200 levels. I think we could get some rejection there and head down...OR if we break it strongly we will head up quite some way, one would think.

EURUSD

I'd be looking at simple trend lines and pivot points.

EURUSD

So I take it that we will fill this gap up today?

EURUSD

Thanks SmoothTrader, you're posts are pure gold I hope that you continue to post your experiences and insights on forex factory. It's awesome to hear real people to have been there and done that

(can) small accounts make a living ?!

Because the news can be so erratic, it's not even funny and you just don't know what you'll get. Be careful and observe what happens tomorrow when they release the NFP data. The news is usually most difficult to trade during Interest rate ...

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url On that page click on the Live webcast: press conference link when the conference is about to start.

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yeah they moved it from 1.5% to 1.25%. The market was expecting them to cut it to 1%

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why i don't trade interest rate decisions — See this spike in the chart. That is why it is dangerous to trade things like a rate decision or a NFP. Be aware of NFP tomorrow if you are new to forex trading.

EURUSD

Hmm..interesting. Maybe demo trade for awhile and get your confidence up or trade with really tiny position sizes. (micro lots or something). Then get your confidence up and get back into the swing of things?

EURUSD

Hey, man, take today and tomorrow off and watch from the sidelines. It is never worth trading when your mind isn't fully 'in it', in the zone. Do some demo trading and something relaxing if you think that is best, for today and/or tomorrow.

EURUSD

well one reason to possibly go short is that we are very close to the R2 level. If we get a 15min close under the R2 pivot then you could be safe shorting for a few pips. But it all depends. edit: I'll throw out there also that dow futures are quite ...

EURUSD

I'm not going to trade this rate annoucement. I've learned to not do so from bitter experiences. I almost got excited with a Long for the EUR/USD upon seeing this movement. Then I looked at the calander and see that ECB will be letting us know their ...

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I've made my 1% profit for today. I'm going to sleep. Catch you guys tomorrow. May the Pips be with you...Always

EURUSD

Double top on 5min chart spotted.

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WOW, great observation. hmmm...what next, I wonder.

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lol, how many times is she going to say 'commision'?

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It is probably good news for the USD and bad news for the EURO. 'probably'. It means that the stock market will likely get hammered if and when chrysler and GM go backrupt.

EURUSD

well first thing. I'm still not yet profitable, so take what i say with a grain of salt. having said that, i think it is too soon to go short now. I'm already short. If I were you i'd wait for a breach of the most recent low. So if we go lower than ...

EURUSD

technically it shouldn't be much difference at all. If you have really defined rules for entry and exit it should be pretty much the same thing. Key is not to be developing a system while you are trading a live account. Must be able to be profitable ...

EURUSD