Patience — Not a great entry, but you may luck out as a test of the pysch level at 1.4700 may save your arse. I have the 38.2 fib from the move over 16 sitting at 1.4680. could test that as well. If you see profit, take it. dont push a bad ...

EURUSD

OK — I don't have my charts open, but I would point out two things. First, it is late on Friday and what happens at the close of the market on this day may be somewhat "false" or skewed. 2nd, it may carry over to the open on Sunday and it may ...

EURUSD

It is the best way to fly. — If I make enough money trading, I may buy a helicopter someday. I'd buy a Twinstar, made by Eurocopter. I flew A-stars off shore in the Gulf of Mexico for a while and they are really nice to fly. The Twinstar is a ...

EURUSD

Yep — It has been said many times but it is worth repeating. Create your rules/system and then follow it. Then the fear of loss is much less and you can just trade. When we stray, that is when the stress creeps in and we have to re-find ...

EURUSD

Little Birds are SWEET. — I was pretty lucky. Seems like another life now. I could still go do it, but once I got married and had kids, I lost the "edge". I used to go fangs out, hair on fire, 120 knots, 10 feet above the trees. I was a steely ...

EURUSD

Have to ask — You have over 3200 posts in only 9 months and you are not even trading a live account? Too much knowledge can be dangerous. Are you gonna go live? Not trying to be rude, just curious...

Cable Update (GBPUSD)

Thanks — I like talking about it because it keeps me humble. Remembering where you came from and what you are about may be the most important thing.

EURUSD

AH-64 Apache — That my friend, is a killing machine. I flew them for several years, now i'm just a lover...

EURUSD

In TX — I am the mentor now. I have 2 students. Friends that saw what I was doing and wanted to learn. No promotion, no trade calls, no big company, just me helping my peeps.

EURUSD

my time — I trained under a mentor for about a year. Learned his way and still use a lot of that but have added other things to create my own rules. I have actually taught him some stuff now. My final test before going live was 20 straight ...

EURUSD

Yes Sir!! —

EURUSD

What I do — Personally, I would wait.. Things happen over the weekend that are much harder to pick up on. Remember about 2 months ago when the US did an emergency rate cut? Also natural disasters and the like can make a big difference. I ...

EURUSD

My formula is 1/4 of 1% per trade. Maybe less if I trade the GBP/JPY, maybe more if I feel really certain of a move. 10 pips per day at that rate and as your account grows, that 1/4 of 1% grows. At about the 60 day point, things really start to ...

EURUSD

Not so sure — I would say it also has a lot to do with a moderately crappy economy in the UK that seems to be getting worse right now, as the US economy is showing some signs of rebounding. Still quite a ways to go but... As for oil, that huge ...

Cable Update (GBPUSD)

Also — By the way, I quit my day job back in November and all I do is trade. My wife hasn't quit her job yet, because she really enjoys teaching and coaching, but she could if she wanted to. Forex can be very profitable, as we all know, if you ...

EURUSD

Yep — 1/4 of 1% with 1 to 1 stop to gain ratio. I take 50% off the table when it hits my first target, usually around 30-50 pips and let the rest run. I also move the stop and lock in profit when I take that first 50 off the table. If I were ...

EURUSD

Nice — I did the same thing on the way down earlier and scalped 24 pips. Might end up as low as 4750 by the end of NY. Strong support there over the past several days/weeks. I grew my live account by 23% this week and I am up 44.5% for the ...

EURUSD

Profit — I closed my short from 162.31 @ 161.50. The eur/usd and the usd/jpy seem to be sitting still right now, so until something gives way, here is where we will sit. I grew my live acct. by 20% just last night by being short here and on ...

Daily EUR/JPY analysis

Big support — I have 1.4675 as the 38.2% fib re-tracement from the move up to 1.6022. Has already provided support and will do so on this move down. I see some consolidation at this point, maybe until the London session. JMHO

EURUSD

Never say Never, but... — I personally don't see that happening. Anything is possible, but that would be a counter trend move and just doesn't seem likely. I think we pause here at .4700 and then move down further. JMHO. Good luck.

EURUSD