Mental stop loss — Sure. I utilize a 6 pip MENTAL stop loss with my broker. For example, if I initiate a buy order at 1.5000, my stop loss is at 1.4996. (Buy at 1.5000 + 2 pip spread = 1.5002 buy point. Subtract 6 pip stop loss + 1.4996. ...

5 Min Keltner System

Scalping — Interesting system. I trade a variable of the same. Trade only Eur/Usd on the 5m tf. Utilize Stochastic set at 5-3-3, ADX set at 4, a 2sma and 5 sma with a weighted close. Trade from 5 - 11 a.m. pst and average about 10 trades per ...

5 Min Keltner System

Bulls in new daily battle. — Won the skirmish at the 38.2 fib based on the 30M chart. Now fighting at the 50% fib line. Strong resistance there. What a day.

EURUSD

Election Year. — You are correct Kevin. #,s are not great but show a U.S. economy that is looking far better than three months ago. From a psychological perspective, summer is upon us and we have already seen reports (yesterday) showing that ...

EURUSD

Factory orders out in 5 minutes. — Deciding factor in the trand for today. SHORT this pair is my own personal decision. Good luck to all.

EURUSD

Eur/Usd — Battle waging at 38.2 fib on the 30M chart. This is around the 1.5400 area. There is selling pressure being exerted. As Kevin said, see what is there to see and react to it. This is really quite a battle going on a London is soon to ...

EURUSD

Eur/Usd — Let loose the dogs of war. Strong battle being waged at the 1.5400 area. Bears clawing Bulls to pieces. U.S. market (dollar bulls) sitting in reserve and will be committed to action in approx. 20 minutes. Great time to short, sell ...

EURUSD

Eur/Usd — As was mentioned on Wednesday, after positive advance employment report earlier this week, a positive NFP report would be a nail in the coffin for the bulls with this pair. Very sharp 80 - 90 point drop. Expected short term (5M ...

EURUSD

Eur/Usd — Already down approx. 200 pips since London open of today. Market continues to discount marginally bad news and U.S. economy still showing remarkable resistance to a prolonged recession. This pair will get a slight bounce on NPF ...

EURUSD

DAKnob — Are you looking for a set and forget system or one in which you actively participate? There are hundreds of decent systems, however, you obviously need one that fits your trading style. Thx, Keith

Dumb noob searching for trading system...

Eur/Usd — So be it. 500 point drop on the daily chart. Can absorb another 500 points down and still maintain monthly uptrend. That is one hell of a correction to keep adding longs to. What goes up comes down a vice versa. Regardless of the fed ...

EURUSD

Eur/Usd — Exactly!! Non-Farm ADP employment reading was very good. Advance GDP at 0.6 better than expected. Chicago PMI better than expected. FOMC sitting there looking at these reports coming in and seeing that hte economy is showing preety ...

EURUSD

Eur/Usd — As Kevin clearly shows, direction is NORTH! Inflation under moderate control as of this a.m., market is focused on the strong earnings also reported this a.m., and the feds plan may quite possibly be the delivery of the full 1.00% ...

EURUSD

eur/usd — Thx MPP. So, if I understand correctly, I notice that the time for the asian open on Sunday was 22:00 as opposed to 23:00 on pst time zone. As such, I normally base my trades on a 13:00 open in New York and will simply adjust to ...

EURUSD

eur/usd — Hello Everyone. Here is the stupid question for the day. Do the Forex markets operate vis daylight savings time. That is, is the New York open on my chart (usually 13:00) still 13:00 or is it now 12:00? As the forex is not actually a ...

EURUSD

Eur/Usd — Exactly Jurrasic! Usd/Cad is simply not going to be able to withstand the selling wave forming to send it considerably lower than the neckline of the clear head and shoulder pattern as per the weekly chart. This weakness, when ...

EURUSD

Eur/Usd — Swissy struggles with 1.0243 barrier as shown clearly on 15 min. chart. Eur/Usd checking strength of 1.5330-35 bottom support and finding it relatively stable. Usd/Cad at ridiculous levels and reality will soon set in, regardless of ...

EURUSD

Eur/Usd — Usd/Chf heading SOUTH! Eur/Usd anticipated to move towards daily R1 of 1.5428. Selloff way overcooked! Only thing left for me is Usd/Cad strenth to dissipate. RSI-Stoch-MACD all rising! Decent bottom around 1.5330-35.

EURUSD

Eur/Usd — Just broke above 1.5350 daily pivot. Yen carries getting tired! Usd/Cad reaching exhaustion. Usd/Chf testing 1.0243 low on the i hr. chart. Eur want to resume trend north? Lots of setups for taking longs at this point.

EURUSD