Very Strange... — I'm still short 2 lots. I'll be out one at .4450 and the other at .4420. Really - did I miss something... News... an Event? Mike

EURUSD

What did I miss? — Those bulls are really going after those stops.

EURUSD

Pesky little biziches... — Those bull are a bothersome bunch.

EURUSD

Look for a break of this intraday trend line... — A break sends us to .4420 in short order. Bulls doing everything they can to keep this dog afloat. Won't work. Mike

EURUSD

Except... — I'm Short. D#mn psyche levels.

EURUSD

Headed South....According to Busch - Not the President — EUR/USD support to hold around 1.4300, says Andrew Busch, global FX strategist at BMO Capital Markets. Busch recommends cutting 'U.S. dollar longs in half here and take profit on the ...

EURUSD

Whoooaa. I don't know about all that... — Not sure I'm on board with all those thoughts but the zone is headed for some hard times. Mike

EURUSD

It would have worked this past Sunday... — Long.Long... Oh Sh#T.

EURUSD

Oil at $85/barrel - It's coming. — When Oil was at 140/barrel I was ranting about the bubble. I authored several posts that detailed why oil will fall. I'm updating that call. I said oil would touch 100/barrel by years end. It will be at ...

EURUSD

This thread needs an enema... — and some levity. m

EURUSD

I'm just giving you sh#t — Keep doing your thing.

EURUSD

Sure man... thanks for the comments. — Losing is just part of the process. Did you ever see this on Lincoln? 1816: His family was forced out of their home. He had to work to support them. 1818: His mother died. 1831: Failed in business. 1832: ...

EURUSD

Dude... — You change these more often than I change my panties.

EURUSD

Why are you failing? — What causes traders to fail. 1) Lack of Discipline - Do you create a plan prior to trading? Do you stick to it? Is your stop automated? How many times do you move your stop? Do you have profit targets? The truth is most ...

EURUSD

Very wise decsision — It's a suckers game. Wait until the news has been released and digested before taking a position. Mike

EURUSD

Highly predictive but... — Like anything it takes some time to learn. Pivots are used in almost every market. Many floor traders use them exclusively.

EURUSD

Finally... some words of wisdom — I knew someone would weigh in with a modicum of common sense.

EURUSD

3% win...Say what??? — Where did you get that number from? Since there's no way to validate these numbers I'd stay away from using them. True estimates are around 10-15% win in this market. The 95% lose number is a bogus fabricated nonsense ...

EURUSD

The rules really aren't that hard to follow... — Maybe I'll post this every 10th post. It might sink in then. 1) Knowledge Acquisition Great traders are voracious learners. Most professional occupations have a learning curve. Doctors, lawyers, ...

EURUSD

Hello EV... I see you are doing well. — Pivots work on any thing that is traded. The strategy with incorporating psych levels works best on the EURUSD. However... It does work on USDCHF and GBPUSD GBPUSD requires a wider stop. I do recommend ...

Psych Levels, Pivots, and Trendlines - Resurrected