FWIW — my SL's all just got hit, except for my last trade. +578 pips for the day, not including the -16 pips I have on my current trade. You guys have a great day/night....I check back in a while

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Current tally — Just posting this to show some of the newer traders why its important to trade with the trend All of these are still open

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Your absolutely right on this line of thinking.

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If you look at the trades, he isn't holding for very long. Also , his leverage is at 66: 1 , which is not something that can be done in the States anymore. He may have found something that can be used however....food for thought **Edit *....my bad - ...

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I guess I'll shut the lights off — Since it seems I am the only one left trading

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Ok...I sense from your comment that your an intraday trader, which would make sense. Thx Thirdman

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Why do you feel this way?

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Quite true Tomspin! Given the move that has happened since the start of this month, I am expecting some sort of rally to occur at some point. There will be opportunities for both directions in the coming weeks as we start nearing 1.22 I think.

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I figured as much ....but sometimes it takes someone to state the obvious , so that those that are still stuck in their positions realize that the tide has turned against them. Thx Esssex

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Show of hands please...anyone still long? — Just curious if the board had capitulated yet.

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I agree that Euro is going down hard within the next year - the only reason I am hesitant to think its going to blow 1.22 is that the US economy isn't really doing much better. EUR will likely really get crushed against other currencies such as AUD, ...

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Well said!!!

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Repeat the Mantra — Up to go down.....Up to go down.....

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Dotless....search Forex Factory for James 16 thread (aka J16). I would recommend you stop trading until you understand what is going on, and what you need to do to become profitable. Else, your likely going to blow out your account.

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We are not Borg! — We are not the borg...but we are fighting them . Your money will be assimilated if your not paying attention

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The chart you posted was a 5 min chart with a 200 SMA that is equivalent to putting a 3 SMA on a 1 HR chart, or a 1 SMA on a 4 hr. My point is - if your using that as a support /resistance line, your not going to get the results your looking for ...

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Solsys...my 2 cents — Your on a 5 min chart with a 200 SMA = 3 SMA on a 60 min chart. = 3/4 SMA on a 4hr (ie < 1 ) IMO...you should raise that to something larger if your going to trade the 5 min charts.

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LOL....I'm still a work in progress. The trades I have are live trades (ie real money), but they are small lots. It just took me forever to figure out what was in front of me the whole time

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I agree with you as well. I can see how its possible to see 50 - 80 pips to the upside before this starts going down again...just the same, I don't understand why people would take a high risk bet when it seems pretty clear to me that the safest ...

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Not sure what exactly your looking for....my ultimate target price? That would be 1.22xx If your looking for a chart - all I have on it are candles, and I use the Monthly.

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