That's basically breakout trading, but that can be tough too, due to the fakeouts, which are like little fishing hooks to get the breakout guys trapped before running the other way, best to use limit orders on the breakout points. I am the opposite, ...

Spain 2-year yield plunges; 10-year holds above 7%

It's like domino's because retail stops are small and concentrated, so once the big buying starts the stops go off like mouse traps and the market moves fast on those stops going off. That is why it moves in sudden jerks because stops go off at R/S ...

Spain 2-year yield plunges; 10-year holds above 7%

Yeah most retail traders where short, because the fundamentals point that way, so commercial come in and buy up the stops, the market moves easily in such conditions. That is how retail trading works, retail accounts get transfered to commercial ...

Spain 2-year yield plunges; 10-year holds above 7%

Rumour and possible ...that means buy right ?

Rumours of Spanish government press conference

Time and price are linked, we have had a huge price shock in a short time, so expect price movement to be very flat for some time now.

Central Banks Do Nothing, Promise More

A few days ago Draghi said ""There's never been a better time to buy Euro...." I guess it was a short term buy recommendation.

Central Banks Do Nothing, Promise More

The ECB pumped and dumped the market.

ECB Press Conference

Yes, FF has a similar system, I am not so familiar with it, but might be just as good, worht a try for sure. Sorry to FF for being a bit cheaky and posting about a different results recording system !

Draghi Said to Hold Talks With Weidmann on New ECB Measures

btw based On Jona's posts of his results that I have seen, I would imagine if he posted his results to MyFXBook then he would be one of the top traders / systems there. Hopefully he does as he has people wanting him to manage hedge funds .. if he ...

Draghi Said to Hold Talks With Weidmann on New ECB Measures

Loadedgun, if you run MT4, just sign up with MyFXBook and link from MT4 via the publisher, all trades results are sent automatically, there is nothing you need to do, just trade as normal, it makes a nice graph for you to review your performance ...

Draghi Said to Hold Talks With Weidmann on New ECB Measures

Jona, no one is calling you hollow .... the amazing results are hollow without something to verify them. I could claim to be the fastest runner in the world, but if no one ever saw me run, even no one ever saw a time recorded, then why would anyone ...

Draghi Said to Hold Talks With Weidmann on New ECB Measures

So Jona, are you willing to share your trades entry and exits with us or not ? I would love to see the results in MyFXbook, proove me wrong and those skeptical of your results. Hook up with MyFXbook so we can see you Amazing results and I will eat ...

Draghi Said to Hold Talks With Weidmann on New ECB Measures

Exactly, there are many offering fund management for lower returns than Jonahky7 claims, yet I don't recall ever seeing anything other than retrospective results posted by him and with nothing to back them. myfxbook is the free and automatic, ...

Draghi Said to Hold Talks With Weidmann on New ECB Measures

Yeah its called chasing candles .. in the 'normal' market it's how you empty your account, when ECB is around then any old candle chaser has half a chance at making money.

Many ECB Members Surprised By Draghi's Comments Suggesting New Bond Buys, Source Tells WSJ

Watch the S&P .. ES the EUR/USD is correlating with its fall, but not so much with its rise (ie all the hot air is coming out) Looks like the ES has far to fall, maybe 10 points .......

Draghi Said to Hold Talks With Weidmann on New ECB Measures

The market is efficient, if you take money from it, then you found an inefficiency. Inefficiencies get arb'ed over time espeically as they become apparent. With the way the Forex market is setup, brokers can quickly identify inefficiencies from ...

Why Do You Trade?

Yeah its great, Australia's manufacturing industry is falling to pieces and in a long term decline, but we are very good at digging dirt out of the ground and selling it .. atleast while there is someone around to buy.

Australia economy adds 44,000 jobs

It's easy to miss the woods for the trees, look at the weekly chart. There was nothing unusual about this rally and technically it ran like clockwork. The whole forum has been in a short frenzy, trader psychology biased to the short side, yet the ...

EUR/USD hits 1.3475

The EUR has been screaming bull all week, surely some others saw that ? Markets lead, they don't follow.

Euro Rises To New 10-Week High Above $1.3370

Closed +76, Wave3 trade complete, market running like clockwork again.

EUR/USD touch firmer as European trading gets going