Nice analysis dude, you were right. It broke out upwards. Secretly I was hoping you'd be right because I had two negative trades in EUR/JPY. I profited quite nicely too. I hope you profited well also

EURUSD

Take it easy dude. I lost 35% of my account two days ago ($708). It hurts a bit at first but you'll recover. One thing I've been learning is to scale into trades and to use much much smaller position size than you normally would. Try to build what ...

EURUSD

if you have to enter then maybe do it with a really small position size?

EURUSD

something i've learned is to never enter a trade at at the half hour or hour mark. For example, at the moment where I live it is 9:27am I would not be entering a trade now because then at 9:30am a new candle is made and often it reverses direction ...

EURUSD

yeah good point. Always best to look at the chart before making any decision.

EURUSD

Yeah I agree. It does appear to me also that we will be heading down today.

EURUSD

well, at least we're both moving in the right direction

EURUSD

wow, sounds like you're doing really well, great to hear

EURUSD

yeah thanks, lol. I'm on the road to recovery but it will take time How have your trades on EUR/USD gone today? Are you currently in a trade or waiting for a better opportunity?

EURUSD

I refuse to trade while Trichet speaks lol. I had a good go at the EUR/JPY for the last few hours and was able to earn +66 pips or $33 for the day. It's been a great day for me after my big loss yesterday. I hope everyone else is doing ok today as ...

EURUSD

not a lot of action. I'll wait until the NY open.

EURUSD

it does look as though it would have some powerful support to bust through to go lower. But then again I thought that yesterday as well with the AUD/USD and whoa..that thing cut through support levels so easily it wasn't funny. You are right though ...

EURUSD

ahh yes, I see where you guys are coming from. It is possible.

EURUSD

My analysis is telling me that it is more likely to head back down again. See attached image.

EURUSD

well done on the profits dude And yeah I learnt my lesson too today.

EURUSD

Yeah, that's a pretty good point that you make I'm going to follow your advice and get some sleep Cya tomorrow guys

EURUSD

Thanks for the encouragement dude, I really appreciate it. It hurts but something tells me you're right. I contemplated putting in $5000 into my account at first but refrained and put in $1973 instead. I'm glad I didn't put 5000k in or i would ...

EURUSD

great advice. Do you think we'll see much more action today or have to wait until the asian open?

EURUSD

yeah good advice. I'm kinda shell shocked. I'm going to take a break as well. Man, what the hell happend just now? The yen just got really really strong lol.

EURUSD

well, i'm sure that we've learned from this expereince. I sure have.

EURUSD