Hi Everyone I just started analysing the market for today. I have attached a weekly chart. Check it out. It looks like we will be due for a bounce up on the EUR/USD. So at this stage I am going to be looking for opportunities to go long. I'm still ...

EURUSD

Hopefully the mechanical system you have will work out ok for you over the long term.

EURUSD

Currently I'm not keen on making a trade for the rest of the day. I'll wait until tomorrows asian open and look for trades from that point on. My belief based on prior experience is that the market has moved up and down a LOT since the begining of ...

EURUSD

Yeah you are correct. I mean, I saw people make the point back then that it was US central bank intervention a month ago but it didn't really 'sink' in for me until today. I'm still learning though, so I forgive myself. In any event, I only trade ...

EURUSD

No it isn't. Thing is that all bets are on that there will be US central bank intervention to keep the USD strong. So I doubt we will see a huge turn around in EUR/USD in the near term.

EURUSD

I'm watching CNBC at the moment. Man, talk about doom and gloom. Looks like the USD is under a lot more pressure than I thought. Heck, we could see the EURO go back up strongly towards the 1.6 levels before this year is out. Couple of reasons for ...

EURUSD

Yeah, that's pretty much the plan written precisely

EURUSD

Yeah, that's what I've heard. If I start in November then it would mean that I'd have had 4 months of demo trading (started at begining of july), which I think is a pretty good introduction to trading. Having said that, in November I'm going to mix ...

EURUSD

Ohh ok, lol, sorry if it was a stupid question. I was just curious since I'm still demo trading. Well, I'm getting closer and closer to opening a live account with Oanda. I'm thinking of opening a small one in time for the start of November. I'm ...

EURUSD

WOW, thanks for the heads up dude. I had no idea that the live version spreads would be so different. Hmm...that is interesting and has changed my strategy a lot. At first I thought I could fairly easily trade the Asian session but since you know ...

EURUSD

There is a divergence between gold and oil. PLUS, there is some heavy resistance coming up for both the EURO and Gold. There is going to be a big reversal soon IMO which will send the EUR/USD lower again. It is flying up now on low volume IMO. I ...

EURUSD

I'm not sure that I'm understanding you properly? At the begining of the first Asian sesson of the week, the spread is always around about 10pips at its initial open and also over the weekend. Then when the Australian open occurs the spread goes ...

EURUSD

There is a 2.5 to 3pip spread on Oanda at the moment. Basically this means that the market is extra thin in terms of participation. I'm not going to bother placing a trade until the London open or NY open. Obviously Asia has its day off today hence ...

EURUSD

Gday — well I'm back from a week off due to the flu. I still am not totally well but can't resist getting back into some trading & analysis, so I'm going to have a go today Wow, what a week in news and events. It will be interesting to ...

EURUSD

psiholog, if it works good then that's really good to hear. I was able to succussfully scalp 16pips about 30min ago too. Even though I was able to collect some pips, during that trade I thought it was a mistake for me. See pic below.

EURUSD

Yeah you make some great points. Definitly true. As of now I'm still not in a trade at the moment. And yeah, one really needs to see a lot more movement in both directions that actually tests the bounds of horizontal support and resistance before ...

EURUSD

There is range bound movement at the moment beween 1.4050 and 1.4150 This range bound movement could be building a small support level for moving the EUR/USD up a little bit for a retracement. Alternatively, it could be a small correction before ...

EURUSD

bulls are trying really hard to push oil up...might see a slight retracement up soon. hmmm....

EURUSD

oil and gold are currently on the move up...or trying to go up.

EURUSD

As much as I agree that the US dollar is to get stronger over the next few months...I wonder what will happen if it ends up being the case that the fannie and fred need to write off 1 trillion dollars?--it would send the world into a global ...

EURUSD