My opinion on the rookie talk, or protecting the rookie. How many in here can tell who is the rookie? How many can tell who is the shark pretending to be a rookie? And why do non-rookie traders think the rookie trader should be "protected" from the ...

EURUSD

I am basing on fundamentals only for the EURUSD bottom. No charts just reading people. Today I was listening to financial talk all day and not a single expert was positive on the stock market, not a one. Everyone thinks they are overvalued. As a ...

EURUSD

Have not posted anything here lately but this is important. I am making the call now, as I think this will be as famous as Haines Bottom. The bottom is in on this pair, 1.0636 is the multi year bottom, barring some unexpected event like a world war ...

EURUSD only

I am making the call now, as I think this will be as famous as Haines Bottom. The bottom is in on this pair, 1.0636 is the multi year bottom, barring some unexpected event like a world war or a breakup of the EU. image Stocks will be hitting all ...

EURUSD

The stock market is convinced this will just be a bump and no recession from Covid-19. Best to stay on the side of the big boys so I am following them. Not sure for next week but, for this week, the USD bull trap was set yesterday. image

Real Trading

No trade on today, and it's a good thing. I had short orders to sell EURUSD under 1.0880. I am switching bias to buy dips this week if price closes above 1.0913.

Real Trading

I don't like to trade managed currencies as you never know when policy changes. Recent policy is to try to track Euro so if you like that long, it's safer play to have a go at short EURUSD. I am in short EURUSD again, trying to get back to even for ...

Real Trading

And another failed attempt. -40 pips again image I covered the short as I have other things to do today and don't like the price action either. For now I will wait as we are at a decision point. Price is more likely to go ...

Real Trading

Most seasoned traders have lost all ego or pride. All gone out though the holes in your pockets. Trading for a living will humble you. The trade will whip you and beat you and stomp on you and crush you until you learn the lesson it must teach. Then ...

EURUSD

There is another way to benefit, KP. As you know, big ego means less experience. I recall an old chap, retired, lots of money but no experience or education. Was an easy fade to profits. I was not dishonest or crooked, I never asked his opinion and ...

EURUSD

A war of words in here today. I will quote something a great trader once told me. "Pride goes before destruction, and a haughty spirit before a fall" It's a good tool to have in your toolbox. The knowledge of pride, not pride itself Happy ...

EURUSD

Second try to get shorty on EURUSD. Got stopped out yesterday on the running of the bulls, lol. image Stop got hit yesterday so looking to get some of my money back.

Real Trading

Second try to get shorty. Got stopped out yesterday on the running of the bulls, lol. image Stop above 1.0973 but I doubt I will hold on if the market goes on a tear when stocks open.

EURUSD

I am not sure who you were replying to as I was talking politics. You seem to have a lot of irons in the fire so you know best. Happy Trades.

EURUSD

Politics really don't come into play for trading, except from macro - way too long for my wallet. You will get lost in muddled thinking as a trader if you focus on what "they" do. Keep your focus on what YOU do. Just a little advice from an old man ...

EURUSD

The US unemployment numbers are not too bad so this is probably just a bounce up in a declining market. The numbers seem to get worse in US for Covid-19 so fundamental traders still buying USD. But as soon as some hope for end of COVID-19 and a cure ...

EURUSD

The reaction at 0830 shows that pressure is still to buy safe haven dollar. But the force was not with it as all it accomplished was a double bottom. Still holding shorts from above and don't want to lose profits. Pulling down stops now to protect ...

EURUSD

J.K Rowling, in Harry Potter books, called Lord Valdermolt "He who must not be named". Same here on this forum. It may causes issues to post the name here, it's dangerous. Search Youtube. Add the word indicators after those initials. Happy Trades To ...

EURUSD

Yes, MM is important. Money Management AND Mind Management. TRO has a YouTube video where uses 1 line (I forget if it just horizontal line or a MA) and trades the breakout. I tested it and SURPRIZE - it is profitable. But not enough for me.

EURUSD

The monthly cycle has been interrupted by the coronavirus so it's not playing nice, the normal "sell in May" not in play at the moment. A bear flag on the 4hr chart tells me we may still see the May selling occur. image I am playing small off the ...

EURUSD