Probably because co-incidently, when price reaches the resistance a commercial buyer comes into the market with a decent sized order. Then those who are trading the range have their limits hit. One negates the other. People then take the fake ...

Why Do We Have False Breakout

"greed, lies and corruption" I thought government was full of that...its a little rich to accuse the banks and to an indirect extent us of it. Now if you'll excuse me I have some money to make in greedy, dishonest and corrupt ways. *Opens up mt4

Is our future as traders threatened?

Has anyone done a long term test of this idea to any degree of statistical confidence? 10 pips is tiny, if euro got to say 1.3000, I wouldn't have my stop at 1.2990, of course its going to hit! 10 pips is finger tip away from 1.3. The stops will be ...

Beat brokers at their own game - trading round figures

AUD/USD is dependant on two really big factors, who wants to invest in Australia and how much iron ore China wants. Dunno why people keep shorting and gettin nervous about our currency. We're doing better than most developed nations post-gfc However ...

Have you noticed AUD/USD performance?

Well if I may I'll give you some tips. These turned me from a money losing trader to a profitable trader. 1) Cut your losses short and let your winners ride out the trend 2) Use trendlines and know them well 3) Pick one currency 4) Trade a longer ...

I am demotivated...