There are plenty of people that lose in this market. What if they say your chart isn't acceptable? That is more harmful than helpful. Gotta find your own style and trade off it. Just trying to share but everyone has to learn these lessons on their ...

Cable Update (GBPUSD)

He would've had a floating loss of $45,000 per contract.

EurAnalysis

Huh? He would've had to handle a 4500 pip drawdown. Sounds like you don't know what that means.

EurAnalysis

Lucky, if you're going to have any shot at trading, you simply have to learn to make your own trading decisions. Either that or let a professional handle your $$$. Coming onto a blog and asking random people is a sure fire recipe for margin call.

Cable Update (GBPUSD)

I seriously doubt he could handle a 4500 pip draw down and 15 years of waiting. He wasn't much of a trader.

EurAnalysis

When I was still a babe in trading in 1997, I worked beneath a manager who was holding usd/jpy shorts from 100-105. I didn't stick around long there but I always wondered how that ended up for him, lol.

EurAnalysis

Not to be rude but just because you don't see it doesn't mean it's not important.

The Club!

A trade is made up of several components. And we could have a whole discussion about what they are; it's a lot more complicated than entry, stop and T/P. I completely agree that the entry is at the top of the flow chart. Everything about the trade ...

EurAnalysis

It ain't sexy but it matters. For both day trading and catching the bigger waves.

The Club!

I don't follow the ags closely at all but aren't most of them, except pork bellies, somewhat correlated to the USD and by proxy King Bennie, as well?

EurAnalysis

Despite repeated attempts, euro still hasn't printed a daily close above the 61.8 @ 1.3163. That's worth paying attention to, on my charts anyway.

The Club!

They can stand in line like the rest of us. It builds character.

The Club!

If DC bails them out, that will set a VERY dangerous precedent. I would imagine that the state will have to do it. I believe it's a Mich state law that pension liabilities can't be wiped out in a bankruptcy.

The Club!

All very valid points. It'll be interesting to see how the bankruptcy plays out, especially regarding the unfunded pensions.

The Club!

Cleveland holds that title.

The Club!

There are so many cities and states in the USA that have ridiculous amounts of unfunded pensions and benefits. And when bond rates quit being artificially suppressed, well, a 1st grader can do the math. :nerd: Detroit is going to have LOTS of ...

EurAnalysis

Wow. And so the munis are finally starting to crumble... I'm surprised they've lasted this long to be perfectly honest.

EurAnalysis

Hey guys, What are some opinions of the FX ramifications of this G20 labor meeting?

EurAnalysis

I'm by no means an expert on the subject. But it's my understanding that speculative algo's aren't used for position trading on any time frame. They are trades placed at an insanely fast speed that can be used to push price a short distance. These ...

The Club!

I didn't describe spreads widening, fabricated spikes or bad fills. That is what market makers do. Anyway, I know what footprints algos leave. GL

The Club!