I think its easy to say that if price doesn't close above the trendline with a 4h confirmation......Then, since we are seeing a dip to a new weekly low, from which there was only a 38.2 retracement, shorts are best to hold because fib price theory ...

EURUSD

Price is in an apparent bearish momentum and is looking to target previous resistance at 1.28. Since last weeks bull move could only produce a 38.2% retracement and has now broken last weeks low - longs wouldn't be recommended as deleveraging has ...

james16 Chart Thread

Probably just a coincidence and would happen 70% of the time.

EURUSD

YEP

USD/JPY Discussion

88.88 is the 76.4% retracement from the last 20 days of price action. With the strong move and a possible daily close below 90; Are you worried about the probability of your trade? If there is a close below 88.88 then it would be almost protocol to ...

USD/JPY Discussion

After clearing what has been an obvious support level of 90, to which price could have a risk to longs at the 87 area with continued bearish momentum.........Why would anyone place a buy order? I'm just asking because I would like to understand the ...

USD/JPY Discussion

85 sooner than later??? — This hasn't looked like a bottom since it started in the middle of December! If 90 is taken out to a daily close then 87 will be tested again with a potential to reach the long term 138.2 retracement of 84.76! It ...

USD/JPY Discussion

That 1h fast stoch looks great for following the trend in a bullish manner through the day. If it breaks then overbought doesn't matter and the pair will run.

Cable Update (GBPUSD)

All of you scalpers should go long and hold for a few days with targets at 1.66 to 1.7. You'll be happy you did and thank yourselves for changing you fear strategy...........Good luck

Cable Update (GBPUSD)

Time to stir the pot and call 1.66....... Holding long from 1.5077 with 50% position liquidated at 1.5500. Good luck all you scalpers. Ask yourselves if you would want to hold USD right now.

Cable Update (GBPUSD)

Good luck you guys. I hope your just scalping

Cable Update (GBPUSD)

Clients are happy and so is my family........ so the career is, and has been great thus far. There is a method to everyone's mayhem and it's different as risk tolerance is different for all. Some of us just have a feel for the market and use a ...

Where do you set you're stop loss?

Stops? Who uses stops anymore in this environment? They'll keep ya in the 95% of losing traders. A 3:1 ratio is a good rule for setups. If your right 60% of the time with a 3:1 rule then you will be in the 5%. Cheers

Where do you set you're stop loss?

The technical analysis you show seems to have a lot of depth with many hours of thought put into it. How's your management strategy? Would you say you evolve with the market and "feel" what's going on at the moment? Do you have a set number of pips ...

Meditation & Trading?

I'm not to sure most people are ready to be aware and listen the same way a select few do. The application of an internal knowledge base is vast and can bring about a major internal revolution for those that accept the transformation. The action, or ...

95% failure rate?

If you have many forms of meditation then it's possible your not listening or aware of the surroundings.

Meditation & Trading?

Good thread! Trading from a different state of mind (3rd eye, 4th dimension, etc...) is very difficult for most of us sentient beings to actually accomplish. It is about finding balance between us and what we perceive to be reality. To be confident ...

Meditation & Trading?

Go to www.onestepremoved.com.

How to be a trader for a company?

OK........the 95% rule goes like this. Upon first deposit 95% of home traders lose. The traders in the world that work for firms are mostly break even losers or make less than 15% annually because they are to lazy; part of the 5% winners. Those of ...

95% failure rate?

Toti, Do you really want to trade for a living? Why? Do you want to spend the rest of your life taking risks to pay off your debts? Do you want to have others give you money just so you can take care of you and yours in hard times? Face it.....you ...

How to be a trader for a company?