No matter how good your system is, having some idea on whether you're going to be on the right or wrong side before opening a position is something that is a bit easier said than done but by no means impossible. I would say that the more decimals / ...

90% of traders fail...

Weekly suggests 1.08-~1.14 - possible compressing triangle. Eg. maybe go high then go 1.05 if 1.08 breaks... IDK I previously said that it seems preferable to close around the close and open around the open than to hold, so whatever the chart ...

EURUSD

If price spikes up and then everyone has a trailing stop to get profits quick... and it's just near market close/weekend... guess who is gonna be buying? The market maker algo... If the algo sees price is x due to some spike and thinks it's really ...

Trading Made Simple

Seen this mentioned a few times, goes a bit over my head but interesting read still! url (The reason I'm not really into options is they are hard to price and the smart guys deal them so the probability of getting a good deal seems a bit low to ...

Let's Trade Options

Do you scale in? In backtesting an automated system of mine it seemed to improve results a bit. The times price breaks and doesn't come back are quite rare. I didn't actually run it live yet so maybe with live account it might not work as well who ...

EURUSD

Why enter friday at some height of volatility, presumably on no surprising market shifting news? I'd rather exit by friday as fridays can be unpredictable due to weekly option expiries etc. Ok maybe you have a weekend gap based system ... Some have ...

EURUSD

If 20000+ lots hit futures in few hours one way in extremely obvious manner that to me says, it's bigger account than usual. Or skilled manipulator - but you'd think they have big account too... Of course it could be someone in their parents ...

EURUSD

Just covering all scenarios I see probable: 1. If it goes up from here: range: buy below 1.08, sell above 1.11 - no drift or drift up - possibly ascending wedge that attempts break below 1.08 later (in few weeks) 2. If it goes down from 1.08: range: ...

EURUSD

edit: Another look at charts suggests there is prob. of alternate scenario.

EURUSD

They could probably have stalled the advance but there was sentiment shift last night which I noted about after open that indicated it would be easy to get a move going ... and the easy direction would be against those selling the lows (eur net ...

EURUSD

This is what I read from charts: ~24h ago someone added sell at ~0097, then another sell was added to 1022 during London. It's possible they didn't realize it would trigger the stops all way up if they didn't look books (yeah right.. doesn't london ...

EURUSD

I'd say most of if not all time, the market tends to signal what it is about to do. The bigger the down move, the bigger the up move before the down move - but sometimes it could simply be a consolidation that goes on for the longer the bigger the ...

90% of traders fail...

I'm accepting your money... paypal or wire is fine.

90% of traders fail...

Good move developing in a cross nobody is talking about. Looks a bit bearish and exhausted on the short term views so probably some impatient scalpers dumping it building pressure for the move. You could prob it 100 pips higher just by ...

EURUSD

It seems to me that it was going down 'swimmingly' and then some people added large short positions near/after the market close like if it worked like the US stock market where adding longs in evening could work. This creates support and then PA ...

EURUSD

It's in the midst of the big boy range... and the smaller range inside is indication of how much it can move with relative ease. US wants it up and some EU members may still think it's high for their exports, so as far as that goes, it begs question ...

EURUSD

Needs more 'boo'

EURUSD

I could almost guarantee that regardless of what the news is (interest rate, QE etc), if all buy side was positioned to win from the news but then only waited and hoped for some trend to happen (assuming the buy side is passive), they'd lose their ...

EURUSD

My gut feel is that the option expiries may represent mix of open (winning) hedged institutional & retail trading positions in net terms across correlated assets, the banks/market maker firms post the numbers in hopes that traders will 'pin' the ...

EURUSD

boo url (thanks to someone in ZH comments for pointing this out, there was couple things I didn't know already) See page 23 for explanation Good stuff from page 12, I find this happens 100% of time to whatever I buy, infact, even more ...

EURUSD