Shorting from .4474...nothing exciting happening yet.

EURUSD

I'm wondering the same thing. I'm seeing double tops and double bottoms on almost every USD pairing. What news did I miss? The downward spike triggered my pending short, (which happened to be near the bottome of the spike...ouch, wrong spot!) I ...

EURUSD

Interesting morning. I missed the fireworks earlier as I was unable to load the main page to see the NFP number, but I would have been too late to participate anyway. Stayed away from that as it was just too dangerous. But I did make some ...

EURUSD

It did an hour ago.

EURUSD

How can I possibly argue with that? Let's open a mega-account: $100K a pip! LOL!

EURUSD

Thanks for the 0.02, but my judgment is based on the technicals. I always place my entry orders below support and above resistance. I've been met with success (and a few failures) lately using this method, and I think I'll stick with it. I don't ...

EURUSD

I hear a lot of good things about that book. I'm looking to buy it soon, (gotta get through "Think and Grow Rich", first). I agree, absolutely! I made a mental mistake last night chasing the huge spike on the AUDUSD at the 7:30 report...all my logic ...

EURUSD

Oh we're still in light volume? Didn't know that. Hopefully when the big guys are done water-skiing behind their yachts, and back in front of their computers, we'll see some good movement!

EURUSD

Bear-flag?? — Looking at the 4H chart I see a gigantic bear-flag forming...anyone else see this? Any predictions on where/when it will break downwards? I don't want to miss the next big bearish drop!

EURUSD

Ah I see...thanks for the clarification. Well that CC report was quite uneventful...

EURUSD

What does that mean? Sorry I'm not too familiar with the lingo yet. Since you think the report will be good, does that mean you expect the EUR/USD to drop, then you'll load up on longs when it reaches its lowest point?

EURUSD

Consumer Confidence — Regarding the upcoming 10AM US Consumer Confidence report...is anybody here planning on trading it? Or do you recommend opting out? I know a lot of people are backing off this week due to thin liquidity. I might trade ...

EURUSD

I like that there are always opportunities to make money. Even if you miss a good opportunity, (like EUR/USD last night!), you can rest assured that there will ALWAYS be another one.

best thing about forex?

God I really feel like crap right now, (see my last post for why). Don't know what's worse: losing money or missing an opportunity. LOL..

EURUSD

Nice drop...I predicted it 18 hours ago from looking at the daily, so I went short 0.3 lots at 1.4515. Had a rollercoaster day today watching myself go $200+ in the red. Then the emotions took over and I decided that as soon as it comes around ...

EURUSD

Just heard about this today and agree wholeheartedly. I'm using CMS, and can say that this move is good for me as it will force me to start trading minis, (which is what I should have been doing from the start). A lot of the money I lost was due to ...

Leverage reducing begins

Thanks for the advice. I do now have a better understanding of money management, as it applies to Forex trading. I guess this was rude wake-up call and reality check. My comeback is imminent, and I definitely won't be making the same mistakes that I ...

How do you pick yourself up after getting wiped out?

Did I have a method? Or methodology? The answer is no...but it was a work-in-progress. Early on after losing money I would take extreme, all-or-nothing trades, to try to make my money back quickly. I would simply open a position (without a ...

How do you pick yourself up after getting wiped out?

Thanks for the advice...but I don't regret taking the course I took...cause honestly I'd never even heard of trading Forex before, and doubt I would have stumbled upon it on my own. I learned quite a bit about technical analysis in the course as ...

How do you pick yourself up after getting wiped out?

Thanks yes I did read it and it's pretty amazing...extremely stringent...but amazing. I'm sure he knows EXACTLY what he's talking about, and know I have to follow his method. Still a little undecided about demo vs micro...ah I'll probably stick with ...

How do you pick yourself up after getting wiped out?