In the money Okay, time to close the short book and bank. Price below 'average entry price' - profits booked since mid December shorting EU = 2.62% and now completely flat. Certainly nothing to crow about BUT - profit is profit and drawdown ...

EURUSD only

EUR/USD pays positive overnight swap Brian, so for this pair I am paid to hold. Quite frankly when I started out anything above 15 mins TF 's bored the crap out of me - I lived in the world of the 5 min TF's - but that's not always the best world to ...

EURUSD only

Yeah, its right into the guts of a major demand zone now - if its gonna bounce it'll be around here

EURUSD only

Respectfully if you need to ask that question you may be better not committing any real money to speculating in currencies just yet. Go to demo and master your craft - otherwise you are just p*****g your money away and markets have no sympathy

EURUSD only

Indeed - looked very bearish to me when I added into shorts on the stop run off the Head and Shoulders at the beginning of Feb...and as I often type - I'm a very patient man.. ..and I feel no need to validate myself by closing a trade when its up ...

EURUSD only

Outta here - time to do something more constructive - like organising my sock drawer.

EURUSD only

image

EURUSD only

True, kinda like missing perfect trends where you would have simply added in every pullback and it flies - you sit back in 'yer chair thinking.."why don't I tend to catch those ones"

EURUSD only

...I'm just glad a wandered out for two hours rather than live through this drivel

EURUSD only

We are still in the clutch of this bear flag which is best described as a 'slow grind'

EURUSD only

Good for you - only real viable solution unless you are sitting on a truck load of cash is to build a track record with low drawdown and become 'investable'...In my experience anyway - if you are sitting on less than $20k making a living from is FX ...

EURUSD only

How do you think I feel Digger..My target was missed by less than 10 pips on the first rotation then EU flipped back for a 300 pip sprint north..One of the reasons I often opt for trading positive interest reversions..

EURUSD only

Oh yeah...Target in sight and almost feel 'validated' then the bugger flips and royally waves two fingers at you

EURUSD only

...We've been at this too long mate - we are as cynical as each other

EURUSD only

Bear Flag in the H1 targeting the low - however these can flip back into an Expanding triangle..

EURUSD only

Well that is a valid point but in my experience over the years of doing this - I know very few traders who genuinely earn a living trading FX full time or at least FX is their main source of income. Only two of these traders are scalpers: One works ...

EURUSD only

Always welcome your view Digger - for me its just tripped a bear flag on the 60 mins so lets see how that plays out for now

EURUSD only

Maybe its just my view of the chart but I can't see a single reason to be long right now..Sure there may be scalping ventures but this pair doesn't tend to put in huge daily swings to really warrant counter trend scalps

EURUSD only

Lol - Digger once described every trade as a 'Crab shoot' - which it is. No one can know for sure what will happen next - we are all speculators and the edge we apply relates primarily to risk management; because that is the only thing we actually ...

EURUSD only

...Well it could be but I very, very much doubt it..a bounce possibly

EURUSD only