I went long @4508.

EURUSD

in 3rd December, 2 weeks ago we had a high at around 5140. now we are at around 4560. that is ~600 pips. in my opinion technically it needs some correction before visiting to 4350, 4180, 4080. this could be the 4850-4900 area, maybe higher. we will ...

Trading with Deadly Accuracy

6230 is a magic number on GBPUSD. I posted this opinion yesterday and Friday, too. anyone who put a trade around that level, could have closed the trade in green. no matter it was short or long. but this is not surprising, GU is in range. the ...

Trading with Deadly Accuracy

just a thought about indicators — all indicators have their weekness, based on the fact that they analyse history... however, there is a bit of wisdom in understanding that indicators should tell you story... and the most useful part of ...

Trading with Deadly Accuracy

this one above was posted yesterday. and how surprising (or isn't it?) we are here again. good luck all.

Cable Update (GBPUSD)

do we have important news today which could give us a significant move in price? in my opinion everyone is waiting for Wednesday...

Jacko's Forex House of Pleasure and Pain

all I can do is to confirm knuckledrag. always be careful with trading against trend... at this moment EURUSD is short-term oversold, so maybe you can collect some pips. and remember what Jacko said: "If the graph on the chart starts in the top left ...

Jacko's Forex House of Pleasure and Pain

4540 or 4640?

EURUSD

one sentence about indicators — all indicators have their weekness, based on the fact that they analyse history... however, there is a bit of wisdom in understanding that indicators should tell you story... and the most useful part of history ...

EURUSD

well, I managed to close the trade in +10pips BUT now I am writing to my wall: "do not trade against trend".

EURUSD

daily/weekly trend lines has already broken, the overall trend reversed, so basicly I am on the bear side. I just went long because it is oversold. with proper MM it won't be a big problem if the trade goes wrong (I always use SL), anyway, I expect ...

EURUSD

I went long @4560. it's totally oversold.

EURUSD

what's your SL on GU depends on buddy? spread x 10, or constant 25pips? you never moves your SL (for example: during/around major news?)

Cable Update (GBPUSD)

"I would kill for a Nobel Peace Prize"

Cable Update (GBPUSD)

I agree. Diffent traders, different trading style. Just to mention an example: I mentioned before (either a couple of day before and today) that 6230 could have been good for bull traders and bears traders, too. In this rangeing market anyone could ...

Cable Update (GBPUSD)

it' ok buddy, I'm just trying to find a weekness, which we could discuss in order to make it better. what about banking profit? I mean sometimes you may withdraw from your account.

Cable Update (GBPUSD)

it sounds great but what if a day results red pips? following day you will risk 3% instead of 1.5% of your capital? and if other one comes? your risk ratio will be increased again... etc.

Cable Update (GBPUSD)

hi mate, how is your long? are you still holding it? (as i remember you placed it around 623x targeting 633x)

Cable Update (GBPUSD)

and yes, this sideway is good for anyone, but only for a couple of pips. 6230 is a magic number. if anyone place either long or short at that level during the past couple of days, could have closed the trade in profit easily. we hit that level ...

Cable Update (GBPUSD)