If traders want this to stop, you should vote republican. I use to assume all traders were republicans. Surprised at high many traders are not repubs. How can traders not side with the one political party thats pro-capitalism. I remember reading ...

Leverage Reduction: First USA now Japan. Who's next?

On May 1995, I was graduating High School. Was ignorant of the market, held future aspirations about a professional career in medicine, and had the world on my shoulder.

Dejavue, 1995, thats some cycle

Right on the money! I said the exact same thing to some fellow traders on Friday. Expect a fast, violent move upwards. Protect your equity. Once. 1.40 is reached I'll be done with longs and will wait it out for bears to take over. If ...

EURUSD

You and me both buddy! All my analytics are Daily, Weekly, Monthly, Quarterly, and Yearly timeframes. I love the big picture. My entry/exit intraday trading is only on the 4H timeframes. Nothing lower. I hate seeing traders analyse the ...

EURUSD

I like all the long term analytics and charts. Its good to see EU thread regulars hit points on Daily, Weekly, Monthly timeframes. Something we're not use to seeing in this thread.

EURUSD

Well said Turveyd! With 50:1 it will take a lot more to margin call a trader. I see 50:1 as MM tool. So use it appropriately for whats it worth.

What will US citizens do now with 50:1 leverage?

Its like this ... The world is blaming the worlds financial crisis on Speculators. US and Japan is the beginning. When other countries see how 'successful' lower leverage works for the countries interest, we'll see many other countries jump board. I ...

Leverage Reduction: First USA now Japan. Who's next?

LOL

Leverage Reduction: First USA now Japan. Who's next?

Heres and example of what I'm talking about: image The chart shows, a favorite pair of mine EURNZD 4H timeframe. My preferred support and resistance levels are whole numbers: #1 Bullish Engulfed Reversal Bar reverses off whole number level 1.7400 ...

A question about the book "Candlestick charting explained"

You can't backtest price action. The statics most people come up with is BS. Don't get discouraged and fooled by focusing on the a number of things that do not matter. Off the bat, Reversal bars, by themselves, are useless. If you traded every ...

A question about the book "Candlestick charting explained"

Guys, the chart I posted is how I see the market. My analytics isn't up for discussion. I believe price will reach 1.40 and when it does, I'm expecting a very fast, strong upwards move. The signs are there. Chart shows, price breaking through two ...

EURUSD

Trading an unfinished candles near a major level is a no no. You've got to let that candle complete and close out before making a trade decision. One an Hourly or 4hour chart, bulls and bears fight often but you'll never see it until you visit the 1 ...

Scalping / Loss Mitigation

Couldn't have said it better myself. I've been 'forecasting' 1.38 all week just by looking at the longer term chart. Traders seem to forget theres more going on in the market than the '5 min'. EU ran for 1000 strong bullish ticks, with no retrace, ...

EURUSD

Price is due for an valid pull back. Bulls are currently over extended. Yesterdays End of Day price sat between a strong level and weak level. In addition to a reversal bar (spinning top). Evidence was pretty clear of a reversal. Today I enjoyed the ...

AUDNZD

I'm flat. Was undecided about direction on H4.

EURUSD

EURUSD Trader have woke up. Almost a 50 tick drop on a single bar (5M)

EURUSD

esuffw I've read this thread at least 3 time prior and I'm still confused on the point your trying to make. What I got so far, 'The market is random' Yes. 'Traders don't know what future price will bring' Yes. 'Go with the flow of the market' Yes. ...

There are no secret patterns and there will never be one

Bears believe bulls are over extended and ready for a retrace. Bull are looking to reach level 1.38 before giving up their gains. 1.40 is within reach. If bulls make a dash for 1.38, expect some very fast price action to touch 1.40 before retrace. ...

EURUSD

I don't subscribe to any political labels, but if the Republicans were in office, this bill wouldn't have made it, not by a long shot. I didn't vote Dem on the last election as I know what Dems in office is capable of when it come to free market ...

no regulations stopping US residents from opening offshore accounts

If Bulls plan on continuing their rein, a pull back is needed. I'm basing this off the 5 Min chart. H4 charts still show Bulls in total control. My first target of 1.3650 has been reached and waiting on 2nd target 1.37.

EURUSD