Last night I shorted at the ideal price of 1770, and watched the price for a few hours then went to bed. This morning it shot up like crazy and I was only able to collect 1/5th of my desired profit. I set my profit target too low by 3-4 pips and it ...

EURUSD only

Right about the direction, wrong about the timing. The story of my trading career.

EURUSD

Ugh, yeah that was ugly. Rolled over as soon as I got in. Oh well.

EURUSD

In the interim I think the daily downtrend is over. There's a very potent double bottom on the H4, which we are now testing the neckline. I am long, targeting 1790. SL 1740.

EURUSD

Yeah same here. I went to bed last night when the price was around 1710 and left both my shorts open, thinking it'll continue further down. I woke up this morning and was shocked by the heavy London buying. My profit was cut in half, but luckily ...

EURUSD only

Measured move down to 1650 is still very much in play. Today was just an up day. Buyers seem to be running out of steam, but there might be one last leg upwards to 1760ish area before Biden opens his mouth to speak. Bought 1735 with small stop. ...

EURUSD

You said it, the indecision of the market absolutely messes with your head. This choppy price action is getting on my nerves, but it comes with the territory. My bias remains to the downside. Been shorting steadily since 1.1934. Still have one small ...

EURUSD only

I'm thinking buy stop at 1.2915. I see a 5 wave completion on the M30.

EURUSD

Not all in one trade, though.

Do you guys find that forex trading sucks?

So will this disrupt (temporarily at least) the inverse correlation between the USD and the stock market? I'm assuming Gold will continue in its meteoric rise...but at a faster clip.

S&P Downgrades U.S. Debt Rating

I don't get it...the link talks about the equity markets dropping and another recession. Wouldn't that raise the value of the US Dollar, similar to what happened in '08? I thought the equity markets run inverse of the USD.

S&P Downgrades U.S. Debt Rating

Hi Chris, Great news about the VT Trader's return. What about the VT Mobile Trader? Is it available at Forex.com as well?

CMS ceasing operations for retail traders

This is weird...the India Rupee is on the verge of becoming a major currency. Why would India outlaw FX trading? Anyway, I believe Alpari also has an office in India.

Forex Trading For Indian Residents

Scaling in is different from averaging down. Scaling in = adding to winning position. Average down = adding to losing position...aka dollar-cost averaging.

is Averaging Down Profitable?

Weren't we talking about this a few days ago in another thread? Anyway, after much contemplation I've come to the conclusion that if you have a large enough account size, and play within an acceptable level of risk, then average down away. Speaking ...

is Averaging Down Profitable?

Guerilla: Thank you for directing me to that thread. I read the first post, (sorry it's not a feasible task for me to tread through 23000+ posts), and honestly I didn't learn anything I didn't already know. I've never once contended that technical ...

Averaging Down

I respectfully disagree. I think that if you have a very large account size you can afford to ride the ups and downs of the market. A lot of people I'm sure are successful doing that. But at the retail level where you're using leveraging, unless ...

Averaging Down

My friend, they probably have a large account size and are likely not using any leveraging. That makes a huge difference in the debate of trading vs gambling..

Averaging Down

I agree to a certain degree...but the problem I have is that there is no guarantee that even a high probability set up will payoff. Meanwhile your risk exposure is growing larger and larger. As long as your risk is within acceptable limits as you're ...

Averaging Down

I don't know how long you've been trading, but you have to understand that averaging down is a gambling technique, and if you do it you have an inherent gambler's mentality. You may have lucky with it so far, but ultimately you will see gambling ...

Averaging Down