When you take a long in this situation, which I am still shy of right now, do you set a TP to let's say 1,42149 or do you manually monitor the trade?

EURUSD

Roughly the area of a resistence from September 2009.

EURUSD

This just confirms the overall sentiment. I remind you of the fact that Germany's Angela Merkel (the clown of a Chancellor) told us all via news that the EUR is going to suffer and will have a very hard time in 2010. Any German without knowledge ...

EURUSD

Were you able to save your 30$/pip trades by the end of last week? I read about that and felt awfully sorry for you.

EURUSD

This is a really tricky situation right now and I'm not taking any trades. Also, it is much more exhausting than actually being busy.

EURUSD

I don't think it will turn long.

EURUSD

I guess it has something to do with discipline, greed, emotions. The Forex-market was at first highly suspicious to me, because I couldn't imagine that one can earn money by moving around virtual stacks of money in an ever-changing market. So I did ...

Why do 99% of the people who wants to be traders fail?

I don't think that backtesting is a waste of time. This market is highly based on psychological aspects Look for all the basic truths about supports becoming resistances and vice versa.

Back testing...is it a waste of time?

Now, this is a detail I didn't even know about.

EURUSD

Wow! I'm impressed by today's development. Everything went as expected, unfortunately I had to sleep for a while and didn't open up any trades. Think for a moment: A few days ago Angela Merkel remarked that she expects quite rough times to come for ...

EURUSD

Those are definitely strange movements on a day without any news at all. To me it seems there is a bit of a hurry to either go up or down.

EURUSD

unfortunately, you need to subscribe.

EURUSD

may I kindly ask you which books you'd recommend, for I only have the free stuff from the internet available.

EURUSD

Right now it looks like everyone's waiting for something. I dont't know about you, but I actually prefer a strong USD.

EURUSD

I could help breaking it, I just need to open a single short position right now, and it will immediately tur against me

EURUSD

Are you sure? This area resisted pretty much today.

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I don't really know what to make of this market right now, so I'm just watching. USD is rumored to rise, but recent PA is trying to fight the trend. Must be a lot of shortterm traders out there right now.

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Thank for this link

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Puh, I was really lucky with this one. Entered short at 1.4050 at noon and had to sit and wait. Will further study technicals.

EURUSD