tdion, I dont know what is jacko's gut feel but 1.3300 (the short term reversal you're talking about) is a resistance that turns to support. For pictures .. see my post 285 of this thread url

Jacko's Forex House of Pleasure and Pain

I guess you are right. Anyway, 90% traders still lose money even after realizing that.

There's only two ways to trade.

A bull trend is called a bull trend because price goes up more than it goes down. There no such thing as straight line trend. So you have price going up, retrace, going up again, retrace. Buying at retracement is still trading with the trend. ...

Exits: Our worst enemy

Demark, I'm not Trader888 but I do pyramid. Last week I managed to put 4 positions in Fiber. To me, assuming we have good risk management in place, pyramiding still takes a lot of guts.

How to be a trader for a company?

jacko, Thanks for the idea. I wish I'll have such gut feel one day.

Jacko's Forex House of Pleasure and Pain

You are in this business not to make money, but to have fun, am I right ? Trading can be like casino, if you wanna have fun, you will need to spend money. No free lunch. Why not you just put USD100 in your account ?.. Have fun with it, trade as much ...

Is it possible to trade 2-5 times a day, everyday?

so threadstarter .. what are you doing now ?

1000 to 150 in 2 weeks..

I have the same feeling. 3800 is probably the next support.

EURUSD

What I would do 1) Stop trading. 2) Open a nanolots account using the balance. Don't trade yet. 3) Start studying more and go on demo trading till I can make profit.

1000 to 150 in 2 weeks..

Trader888 — Soros once said, "if you are having fun investing, you are probably losing money, good investing is boring". Trader888, The Turtles claim that they are strictly technicals trader and they seem to be doing well. I'm not sure how ...

How to be a trader for a company?

Agree with Mr Demark

Exits: Our worst enemy

You may want to read this .. it's about trend and timeframe ... url

Identify if FX is trending

To me, TA is most likely a method of studying social science using price charts. (You have greed, fear, uncertainty, optimism, pessimism) etc. Trading based on news like NFP is not the same as trading based on fundamentals.

Support & Resistance

Nice story Trader888. I'm quite astonished that a professional still does this kind of mistake. It looks a bit noobish if you ask me. What about the other trader guy ?

How to be a trader for a company?

I guess you need to use a less stressful method.

Are Trader Lonely people??

Woot! I can't wait for this blow-up story.

How to be a trader for a company?

Great job jacko ....

Jacko's Forex House of Pleasure and Pain

A little bit about timeframe ... url Cheers

The trend...

I spend maximum 1 hour a day for trading using Daily charts. I'm a technical trader. I use pending orders. A little about timeframe. url Holy grail system doesn't exist. The holy grail is inside everyone. It's called discretion/experience. ...

a few questions from an interested trader

Just to share — A small article about choosing timeframe. url

Longer Time Frames