Still hold .1 lot short. It ran hard against me, as I expected. I was down more the $10 on this position, hehehehehe. On serious side, I think more USD strength ahead so this move up is a trap by the movers and eventually will head back down ...

EURUSD only

My add to order was never triggered as we never broke below the low for the day (happened at the open 5:00pm NY time). But still holding the .1 lot short for a loss of $8.61 as I type this. Now I see an "M" so I will hold on and wait.

EURUSD only

Not liking my trade right now. The chart has that look. You know that look (or you should know it). Looks like the movers is getting ready to take this long. And I am short from 1.1577. Just .1 lot short so no worries about loss. YET. I will add ...

EURUSD only

I normally trade the 4hr on swing trades but like most of my trades, I use discretion. News events can change my mind quickly. Also If it runs hard for me or against me, I will cash out. Typical time frame when it goes slow will be to cash out ...

Can YOU make money as a professional trader - Redux

Big day. Have not seen candles like this since Dec 2016. If this is repeat of Dec 8, 2016, we should see a lot of drop tomorrow and then some retracing next week. So whoever is trying to go long, Stop and Reverse. Or, keep buying longs so you can ...

EURUSD only

Feel the force image

EURUSD only

Best of luck to you. A bit of advise from an old timer - keep your job and build your account while having the backstop of paying your bills with employer help. Going from demo to live is pale in comparison to going from employed to full time ...

Pivot Trading

One of the most helpful things that anybody can learn is to give up trying to catch the last eight – or the first. These two are the most expensive eights in the world. They have costs stock traders, in the aggregate, enough millions of dollars to ...

Pivot Trading

I am in. Subscribed Always like to see this type of confidence

EURUSD only

Has the feel of an uptrend as the bottom has been hammered out. But the force is strong in 1.1780 area. image Difficult to see. Always in motion is the future.

EURUSD only

That is true, you pay commission and the spread on the bid/ask. So really every trade starts as a loser. How you manage your losers is the difference between success and failure. In every venture in life.

99.99999% lose money

Here is example of a short trade image The -dmi (red) has jumped the ADX, ATR is rising, and big red candle. It's going down. Study the ADX/ATR relationship using strategy tester and you will find when it's good to be trend trading and when it's ...

Can YOU make money as a professional trader - Redux

ADX is a lagging indicator and it also repaints. That being said, it does have some value for mechanical trading. I find it works best for my trading style on the 4 hour or greater charts. image In the picture, you see the +dmi (green) jumped over ...

Can YOU make money as a professional trader - Redux

100% of winning traders lose money. I had 3 losers last week. Not a big deal this time as they were all .01 lot losses. But still proves the point. Everyone loses, sometimes;-)

99.99999% lose money

Thanks! Did not see any other pair react at that time so I was clueless.

USD/CAD

What happened at 8:00 am NY time with the pair? I was busy watching another pair and don't see any news why. image

USD/CAD

Rule # 9 Always wait for price to close. I have violated this rule so many times. And most times I have regretted it. After years of trading, I may think I know the signal is guaranteed. it's a sure thing, go on and put the trade on. And then, Bam. ...

Can YOU make money as a professional trader - Redux

I average in all trades, regardless of direction. I learned this from Cramer on Mad Money many years go. It's best to start small and accumulate. The wisdom of Jesse Livermore is good but I find Cramer's way works better for me, especially when ...

S/R Monthly pivot PA trading!

These are MY rules, not yours. Feel free to post your trading rules as others may benefit from them. But "No solicitations." If you are looking to sell your Martingale/Grid/Hedge trading system, please open your own thread as I do not allow selling ...

Can YOU make money as a professional trader - Redux

I did not do weekly review this weekend because of holiday. With NFP so close, I am not adding to position just holding for now. I will close out all positions on Thursday and go into NFP flat.

EURUSD only