By it's self I would say GBP/USD is most likely to come up. But adding in the picture of Eur/Usd which appears to be headed down. I might put my money behind eur/usd to drive gbp/usd down. Hehe just found on my chart package I can have two ...

Cable Update (GBPUSD)

Taking the same approach myself, started with a mini account. Although after I opened it I read about micro accounts. But I'm not playing with anything I can't afford to lose. If after a year I maintain my account profitability I'll consider putting ...

USDCAD trend reversal?

Aye the market changes consistently, at times certain strategies will reap very well from what the market has to offer. Other times it will fall short of those expectations. It does balance it self out in the long term. A part of becoming a great ...

New Trader

Aye very true by my observations as well, I use other indicators for that myself. But it's one of the harder things for me to judge. I'm still some what new to trend following, although I have come to the conclusion trend following even on shorter ...

How to build Trading system?

Thanksgiving can also be one of the few exceptions for US holidays to trade. It can generally see some good moves. But if several markets are closed don't expect much.

How Do You Trade On a US Holiday?

I wish you great success Dave and look forward to seeing your progress. To answer that question it depends how you use indicators. I agree though, if you use them for entry and exits, it will not likely work to well for you long term. If you use ...

Dave the Trader

Aye completely agree, I do often catch 40-60 pip moves in the Asian session playing Aud and Jpy pairs. It's a great place to start I think because the volatility of the market isn't changing the trends near as quickly. However, I try to exit before ...

Asian Session Action

The retracement should always start with 0% and work it's way to 23%, 36% etc.. On one of the threads it stated 23% bring hit about 80% of the time on a retrace and the 36% in the low 70% range. Although that varies by currency. I would agree wait ...

Cable Update (GBPUSD)

Asian session should still be decent, if I trade it will likely be during that time frame. It's not a holiday everywhere. :surprised

How Do You Trade On a US Holiday?

Aye it's a good method, it's how I enter in my trade journal. Total move, how much I caught, what mistakes I made and what I could improve. I like to keep it detailed so when I go over it I know what motivated me to trade the pair and how I faired. ...

Are you sure you're a Day Trader?

4pm pst or 7pm est is when the asian markets open I believe, I'm always forgetting myself especially with daily light savings so I use Qlock.

Asian Session Action

It's funny you should say that, there's been many a nights when I close my eyes to go to sleep and I all I see are charts and price action patterns. Burned into my brain from trading to much. Here's a nice little thread as well that could be ...

How to build Trading system?

I said long, mostly because more pairs have been trending up lately for me. But really I don't care which way it's going as long as I'm going in the same direction.

Do you go LONG MORE or SHORT MORE?

Didn't really see a clear explanation why, but that's mighty helpful info to know, thanks Banzai. Thanks Merlin, that did shed some light on why.

USD/YEN pair usually drops around this time. WhY?

Ouch I hope that's a demo, I don't see it coming up much. Maybe a slow climb up sunday, but it's douptful it will get far.

USDCAD trend reversal?

1. How did you test it? 1) Demoing for about a year, my base system has remained the same after about 5 months in, however, I do add to it from time to time. 2. Which indicators are you using and how did you choose them? 2) I consider almost ...

How to build Trading system?

I have to say I mostly agree, the trend I define as the trend is the one prevailing currently. Example is we are in a down trend until it breaks the 4h down trend. Yes we may still be in the long term trend and this is just a correction, but at the ...

Cable Update (GBPUSD)

Aye good article, I'm still unsure to tell the truth, while I have great success demoing on the lower time frame charts. I have yet to prove that live. I do think it might be good for me to at least demo on some longer time frames and check the ...

Are you sure you're a Day Trader?

1. How long have you been trading FOREX? 1) 1 year demoing, a little over a month live 2. Are you able to trade full time? 2) Yes full time, actually a lot more most times 3. What time frames do you trade? 3) mostly 1-4h, although if I see ...

How do YOU do your trading?

woot, 1st 20 vote. While I do watch 20 I mostly focus on about 10. Anything under a 10 pip spread is fair game for me.

How many pairs do you trade?