Well, an eu short and uc long are negatively correlated so it is double good or double bad, not hedged. I was just explaining why I was taking half my eu short out of play. I don't want to be exposed so much when news starts rolling in. If you are ...

EURUSD

I also have a long position on USD/CHF. Takin' some off the EU table to stash and give a little more room for a possible news whip.

EURUSD

closed out half my short... looking to put it back in after news.

EURUSD

Chuck Norris! hehehe It is rumored that one time Chuck made a bad trade and went to see his broker in person. The broker upon meeting with Chuck not only gave him back his money, but now the broker pays him a spread of +2 pips for each trade he ...

EURUSD

Little music to pass the time... — ... video

EURUSD

Thanks for compliment. Today looked like it was a pretty volatile day when looking back at the chart. I didn't really get to experience it because I was out on the road all day. Turned out to be a perfect day to be away. I got home only to see the ...

EURUSD

Nice post.

EURUSD

What's up Randy. Hello all. So far price has been jumping around pretty good for this time and also considering in between big USD news, but it seems likes it's starting to settle down. I'm going to play it down the line in my chart. PA may possibly ...

EURUSD

You should call them and ask for an explanation. If they don't help you to your satisfaction, tell them you want to close the account right on the spot cause you're going to another broker.

EURUSD

you have an ecn broker and placed your trade at the wrong time.

EURUSD

Last time it was at 1.04 was in the early part of 2003. It's a far way to go from now. Going off technicals alone I can't say how probable it seems. A move to there within the next year would also be shaped by world events/fundamentals.

EURUSD

I updated chart to show the tp levels in a not confusing way. It is about 1:3 r/r

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Channel Trading for now... — ...

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Said this at around 3965 yesterday. 4025 to the pip. Just got back to the computer to see this worked out great. Was a good day while away.

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I'll bet we end the week at 3850 or 3900.

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No problem, I get what you're saying and neither one of us is wrong. Just different styles I suppose. That's the great thing about trading, everyone has their own ways and you can always learn from them.

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You mean to say you guys set your tp at 100 pips everytime? That's crazy! What if you had to go through 5 strong resistances to get there? Wouldn't it be better to open and close the trades between each s/r? That's a rhetorical question btw.

EURUSD

I was just using that as an example. However, my take profit can be 10 pips or 150 pips or whatever. I set my take profit according to the probability of what the market presents. Same goes for my stop loss.

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Let me guess, he's a billionaire who trusts you, and only you, with the secrets of Forex. I can tell you right now billionaire or not he doesn't know how to trade if he's not using stop loss. Maybe he's better off not using a stop loss ...

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Huh? Sasha, that was not a good explanation lol. Anyway, like I said, if no stop loss works for you because it makes you feel better then don't listen to a guy like me. But a good trader who predicts direction with consistency is better off using ...

EURUSD