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- 274 Results (254 Replies, 20 Comments)
- Beacon replied Jun 22, 2009
Think I still hold to the short position. The double top still looks valid in the 4hr chart.
EURUSD
- Beacon replied Jun 22, 2009
Often a time when I see it reach near my TP only for it to turn, I get sway on whether to TP on my pre-planned target or to shift it... Darn you EUR. LOL!
EURUSD
- Beacon replied Jun 22, 2009
What cause you to target 1.40 in the first place? Is your reason still valid?
EURUSD
- Beacon replied Jun 15, 2009
Thats great! As long as the plan works for you, nothing else matter. Different plans work for different people anyway just like when people see a chart, they all have different perspectives.

EURUSD
- Beacon replied Jun 15, 2009
Most people like to trade reversal. I started with trading reversal and I really feel good everytime I got it correct. However as time goes by, I find the probability of getting correct on reversal dropping. I then try to go with trend but everytime ...
EURUSD
- Beacon replied Jun 15, 2009
I attended one of Kathy Lien's seminar and that was what she advised as well. Her point to us was that never let a winning trade become a losing one.
EURUSD
- Beacon replied Jun 15, 2009
Closed 1/3 trade at 1.3815 for 113 pips. Shifted SL to Entry Price. Riding to 1.36 next.
EURUSD
- Beacon replied Jun 15, 2009
Agreed on that. I have 1/3 of my short closing at slightly above that point.
EURUSD
- Beacon replied Jun 15, 2009
I am bias towards EUR short this week with the daily chart showing the uptrend broken and a head and shoulder forming. I have open EUR short at 1.392-1.393 region. This week could see some USD strength imo.
EURUSD
- Beacon replied Jun 15, 2009
I seem to see a Head and Shoulders formation slowly forming over this pair on the daily chart.
EURUSD
- Beacon replied Jul 28, 2008
I am short on GBP/JPY too at 214.27 and I will close it before the UK data release.
GBP/JPY with Seaward22
- Beacon replied Jul 22, 2008
Hi, I am new here.
Just want to mention that for the past 3 Aussie CPI result announcements, the strength of CPI move inverse to the result of the CPI on the days after the result. Would probably be a good idea to trade only after the ...Australian Dollar May 'Free Fall'