Hedging the same pair works if you are holding a long term trade and you want to play a correction in a smaller timeframe. can be a great tool if used correctly.

What's the point of hedging?

Yes, you make some valid points, I don't cover setting stops to B/E etc. the message is really about managing your winners and losers. dont let the losers become bigger than your winners. the other point is to take stops, plan, and follow the plan. ...

Money Management

Thanks for the feedback. I do find when traders realize this money management system they have a light bulb turn on. trading in this way takes ALL the emotion out of it. glad you like. just trying to pay it forward. I have lost a ton of money in the ...

Money Management

anyone thinkin short some gold here for a scalp/swing play. monthly is looking like the space shuttle. should see some correction? ideas?

EURUSD

Trichet chit chat — I was reading before that traders here are thinking when Trichet does his chat, that we will see a run up in the USD. why? what is the reasoning for this line of thinking?

EURUSD

This little 5 min "break out" seems to be failing now. lets see if it holds support at the channel.

EURUSD

I agree with you. no higher highs just chop, this is a real messy area

EURUSD

Yes, very true, we just made a lower high. in my last post I said up, because it is tilted that way HOWEVER, we have some interesting things happening. lower high. every rally does not hold. could this be a turning point?

EURUSD

Hi all, I agree that the trend is up. However, today the USD is up, and Gold is even higher. Gold looks like it is a little over cooked. any thoughts on what will happen to the USD if gold pulls in?

EURUSD

Daily Trend is up. but getting a little choppy. we could still blast off. as far as a huge 300-400 pip loss in the USD from here, could happen. this is the time for that kind of correction, as it seems to want to meander it;s way lower at this time. ...

EURUSD

driver what do you think of a short here stop at high?

EURUSD

ze gap — here ya go

EURUSD

I am scalp short sl at be, target 20 area. take half off at that point, and let it ride.

EURUSD

LOL.

EURUSD

Chicky come on, I am just trying to gather decent info. as a stock trader I know gaps sometimes never fill, or can take years. no reason to be this way, just a trader asking some questions. Thanks all

EURUSD

well, if it is a true weekend gap it usually fills. that's all not too important just trying to gather some info.

EURUSD

Hi Driver, I was asking a few pages back about the gaps, I really did not think they were "real" as I figured it was just my broker. nobody said anything...

EURUSD

my broker opens at 6 est, and so it could be due to that. see attached chart

EURUSD

Hey guys. my broker opens at 6est, and there was about a 20pip gap Euro. did this happen "pre market" or is it just the price action from the earlier retail platforms?

EURUSD