Wise words.. roll with it don't fight it. Bravo

EURUSD only

Human nature is to want something for nothing. am not saying what you are selling is not valuable but trading has to fit the traders personality. Do you have a training program designed to fit the style for basic personality types? Can you define ...

EURUSD only

Out at 1.1315, -45 pips on .4 lots. The force is strong with the big bull(s) today, the big bear(s) has given up. I have short orders posted on the chart. I expect a hit during Asia. image Happy Trading

EURUSD only

This can go up, down or sideways. I have mental stop very close the top of the "W" on the one hour. There appear to be two opposing forces at work, both heavyweights. No way to predict outcome.

EURUSD only

I see the movers building positions in this channel and making the appearance of an uptrend. Trying to tempt retail traders to buy. And sometimes it works too well and shoots right up (and they lose money) But upon closer look, you will see the bear ...

EURUSD only

Normal price action when markets are trending and you are against trend. Have to be patient and let the buyers exhaust themselves buying against the fundamental news driver. The movers can only do so much before the inevitable.

EURUSD only

All the US numbers way above estimates, that's worthy of a double portion short. Got in right after the numbers at 1.1305, .4 lots

EURUSD only

Sorry, I don't know what 6.85 is.

EURUSD only

The Jedi notices not these things. For the Jedi will see the higher lows and the lower highs and see the diamond, what we know is indecision. For the Jedi, caution is the counsel you seek.

USD/JPY Discussion

In the red now, was adding on the way back up. I have this in my trading plan so not breaking rules. This piercing pattern has me worried. Won't know for sure until tomorrows close so no need to fret. Even though I expected it, I didn't really ...

EURUSD only

quietly accumulating shorts, .1 lot at a time as not to trigger me dealer into covering too soon. I don't mind the cover (usually good for about 15 pips) but I prefer for other retail customers to do the bidding then my dealer will cover the asking ...

EURUSD only

I just assumed you'd realize I was being humorous by quoting your post. I apologize if it offended you. It was not easy, took many,many years and lots of failures. Many times I was ready to quit. I found letting go of the ego was the big turning ...

The Loneliness of the Long Distance Trader

You are wrong. Everything fell into place without too much trouble. Now that I told you what you asked me to, the feelings of me against the world never go away and in isolation become terrifying. Fortunately, I have become efficient in my tape ...

The Loneliness of the Long Distance Trader

Depends on the bank. My bank is open

EURUSD only

this is not a holiday, only a day to recognize armed forces veterans. trading as usual edit - I started a computer programming job 11/11/1991 and I was (am) a veteran so not knocking the day just stating facts. just bankers and governments workers ...

EURUSD only

This is a common pattern that is easy to read. image I call it the golf club pattern. When you see this pattern, you should put whatever stops you need to hold over weekend. Or close your positions if you don't want to hold. Then you grab your ...

EURUSD only

Ok now the movers are: 1. setting up for hawkish FOMC and selling into the decision or 2. trying to trap shorts and settiing up the short squeeze to go long on the decision chart says first scenario is more likely but keep bets small if you are ...

EURUSD only

Not much for me to say on direction as just scalping. This type of market where fundamentals are not in line with direction difficult for me to trade more than my 5 min 15 min scalps. Markets are starting to go dead now as the FOMC meeting in ...

EURUSD only

I think that says only for spread bets. Spread bets are similar to slot machines, the house sets the returns so no chance for winning long term.

Pro traders who do not use SL, What about Black Swans?

I am looking at the M but higher time frames confused. image Daily looks like unstable move up, bear flag-ish image Weekly looks like double bottom, W pattern - edit- weekly candle has not closed so this is not a valid double bottom. W is ...

EURUSD only