Still waiting for a pop up so I can sell. Or gets to 105.30 area where I will most likely start to build a long position. Fast moves like this usually never hold the level. If it's a slow grind down to 105.30 area, I will stand aside and watch some ...

USD/JPY Discussion

Hard for me to see on the chart but looks like USDJPY. Are you long or short? I am going to get short but not at this level. I will wait for some in the 107.40 area or not get in at all. There is something wrong with YEN, I suspect VIX money is ...

Can YOU make money as a trader?

Wow, while I was typing, you said it much better than I did. Bravo

Can YOU make money as a trader?

Hi Nealpek, Don't let these bad trades get you frustrated. I have been enjoying your posts and hope to see more. I see talent in you and I think I can learn from you. On FF, I have found since I became active again that these people are like bad ...

Can YOU make money as a trader?

Actually, these types of posts are on topic for this thread. GEfx or anyone else can post their winning system and it may help someone who is not winning as a trader. The real time wasters for this thread are the argumentative people who carry ...

Can YOU make money as a trader?

I am not in it. Was working on other pairs and then I see this move. It seems to be getting stronger and BOJ must be watching Olympics as there is a massive run that is looking like a runaway train BEFORE repatriation starts. I will be waiting for ...

USD/JPY Discussion

Another one bites the dust. video

Can YOU make money as a trader?

IMO, 20 pips too much for spread, even for bitcoin. I suggest staying out of the exotic pairs unless it's your home country or you are running a business there. 20 pips is a lot to overcome. And if that's your broker spread on common pair like ...

Can YOU make money as a trader?

A long time ago, in another forum, there was a trader who had the uncanny ability of picking tops and bottoms. But in reverse. When he started to post his "hedging" trades, I knew he was cornered and would fade his trade. It got so profitable that ...

Can YOU make money as a trader?

Looks like a reverse H&S bottom in place. Not sure how far this goes if the stock market stays nervous. Also looking at double top. We may be looking at a big trading range? image

EURUSD only

Sorry Atreides. I have been missing last few days, on mini holiday. Looks like chaos has erupted. Sometimes this happens This thread is a good representation of what a beginning trader has to go through to learn the game. There is a dialogue inside ...

Can YOU make money as a trader?

A little too close. Pump and dump before the plunge. That's the trading business. More to come as stocks going down again. image

AUD/USD

I am not sure I follow your theory. Since Renminbi is fixed exchange rate that is adjusted daily, they adjust currency to what they are willing to pay that day so price in AUD or any other currency not a factor. China is state run enterprise and has ...

AUD/USD

Stops now at .7812, locked in 10 pips. I don't like the price action here, looks like a bull flag. And US Stocks are in the green now and looks like the bulls are making a push (or maybe bears heading for the exits) Happy trading! image

AUD/USD

Got shorty at .7822. I will keep stop tight as it's Friday and may be some profit taking. Trailing now.

AUD/USD

RBA statement very long so I skimmed it. Would be nice to give summary at the end. Anyway, looked like the same as last time, wages low, inflation low, no rate hikes coming. More likely to cut rates as economy is stagnant. It is oversold at the ...

AUD/USD

Moving SL to 1.2288 now and still no TP. I see stocks are tanking now so this pair should be grinding lower all day. More errands to run so not cutting profits, let it go.

EURUSD only

Luke Sky-walker to Yoda - “I don’t believe it…” Yoda's reply to Luke - “That is why you fail.” Thanks, Mingary! You have given the best advise to all aspiring traders who have doubts if they can beat the dealer or not. If you think you can't make ...

Can YOU make money as a trader?

Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the ...

EURUSD only

You found your error. Excellent work corrman. I really believe that is most important to be successful in this business. Knowing what NOT to do. But alas, I keep learning new lessons each day how to lose money to the market ...

EURUSD only