I use Bollinger bands, Don't think I have ever used the Bollinger bar. Basically the way I use it is to watch the price action, and see which half of the band the trade is in and the general direction of the pair. I use 1M, 5M, and 15M primarily, ...

14 Year Old Forex Trader's Lessons

When can we expect volume to pick up? I am not normally trading at this hour. It is just laying there, I mean, I am making a couple pennies, but it is slow going for sniping.

14 Year Old Forex Trader's Lessons

Good bearish analysis — url If your a bear, more reason to load up your guns. I think that is what we are seeing in the price action tonight, and with Asia being lower, it should lead US equities there as well after Europe. US futures off ...

EurAnalysis

Yeah, I'm thinking the same thing, went long for a bit, then sold at that twin peak, now triple peak on 5Mto see if it broke, it didn't and I went short, not the greatest entry point, I am BE right now, but I am wondering as I study longer and ...

14 Year Old Forex Trader's Lessons

Want to see some confirmation — The 5M chart is showing an interesting pattern, and a possible double top at exactly the same level, 1.3767. See horizontal line. 1H/4H trend line below in darker blue. The beginning of the end for the run ...

EurAnalysis

Thinking long — Seems the price is right about back on that lower channel on the 1H and 4H where it has bounced. I finally hit a nice short on the downgrade, stopped out on a tight trailer just fine, saved me 10 pips. Thinking about getting ...

EurAnalysis

Google blew the number up, but not moving market — Google blew out the numbers, its shares are up, and the Euro hasn't flinched.

EurAnalysis

Pegasus, I am with you — I have gotten in on two trades about exactly the same as you today and am sitting here scratching my heads as to what is propping this thing up. I am going to stick with it a bit longer. I think the market climbed on ...

EurAnalysis

Bounce off the trend line — This 4H trendline is holding like the somme. It is going to take a tank to break it. The Dow looks set to rally to the close like you said PT.

EurAnalysis

Dow Jones article, no link — Sorry I can't link and I don't think it is really right to cut an paste the whole article as I have thought about it. Long and short of it is the belief of one analyst is that the recent Euro rally is nothing but ...

EurAnalysis

Interesting article in news feed, no link — Dow Jones has a story I can't fully repost or get a link on saying that the Euro rally has been 80% short covering. That it will likely shortly run out of steam if it hasn't already because none of ...

14 Year Old Forex Trader's Lessons

Very interesting aaron — I think you bring up a great point. I guess in the scheme of things, bankers have the second most power to central bankers. In the end, which will prevail? I still think the macro will ultimately prevail, but in the ...

EurAnalysis

Well, I got sniped on the last trade, but coming back with a new round at a new level. I think we are just going to retest the pivot before heading back down. Down still off, gold down, this is good news from Slovakia for 5 minutes since it was ...

14 Year Old Forex Trader's Lessons

Slovakia approves deal....sell the news? — Quick bounce then nothing. Could this be a sell the news event?

EurAnalysis

This is so flat — Wish it could stay in this nice little range forever and let me snipe. Too much volatility for that though. And have to step out. The general mood I get after flitting about the internet is bullish on EURUSD, which by nature ...

EurAnalysis

Before I used stops, it was called the craps strategy. You know, start with $5 increments, and if the table runs against you move to $10 and then $15 until you get a run your way and end up in the positive since a table can't go against you all ...

EurAnalysis

No, I am using my original strategy. I mean, I guess there is some risk, a sudden burst could run off if you don't have a stop set, but if you do, it is limited, I normally set the stops about 10 pips over entry, and I use an indicator set that I ...

EurAnalysis

Been sniping — This narrow channel range the last couple hours as EURUSD has behaved very well has been very predictable for sniping off the 1M and 5M charts using shorts as it bounced. Not much risk, very tight stops, and a constant watch, ...

EurAnalysis

That's what I mean. Exactly, I am picking up better money management techniques through this thread. Being honest, I have never played with enough that if I lost the whole thing it was more than a bad night at the casino, and until recently I ...

EurAnalysis

It's a PT Bomb, and he's the bomb — PT, outstanding macro, just pulls it all together. I could just jump short with two standard lots right now....if only the world made sense like you. Thanks again for all your efforts and education to those ...

EurAnalysis