Also please mind that 1 lot in each currency pair represents different monetary values.

Is this logical ?

Terrific word-juggling there mate, terrific!!!

did the Euro/USD posted its top today?

Instead of anticipating the next move, how about if you wait for a confirmation of the reversal? your win/loss ratio will be greatly improved, trust me.

did the Euro/USD posted its top today?

I dont scalp so not much I could advice you with, but my common sense tells me that high momentum, low-spread pairs such as GBPUSD or EURJPY would seem like a good beginning.

Daily GBP/JPY analysis

Sorry Musicman007, I cannot give you any feedback. I know nothing about CCI indicator, or any other indicator to be honest

Daily GBP/JPY analysis

This debate regarding fibs and how they might be a self-fulfilling prophecy because everyone and their mother follow those levels has spurred another off-spring thought: Elliot Waves. They are SO subjective and so easily be drawn differently by each ...

Fibnacci trading..Are U thinking what i'm thinking?

I dont know about the H4 indicators, but the Daily chart points clearly up. Betting against the longer time frames is tricky. Plus you got a very heavy swap hit shorting GBPJPY.

Daily GBP/JPY analysis

Luke... I'm your faaaather! Now seriously, how are fibs different from trendlines, pivot points or round numbers? they don't work because of any magic reason (at the end of the day they are just one like drawn across the chart). They work because ...

Fibnacci trading..Are U thinking what i'm thinking?

I agree with that wedge. I would not be surprised to see a correction back to 1.3650/1.3700 double top (check a zoomed out weekly chart) from above.

EURUSD

The downtrend on USDCAD has definitely slowed down a little bit. I got burnt a couple of times last week shorting USDCAD myself. I am going to let the dust settle on this pair for a while.

USDCAD trend reversal?

In my opinion, you're walking the wrong path - it's better to cherry pick few trades with a good projection than a myriad of half-assed trades in which you barely make to cover the spread.

Is it possible to trade 2-5 times a day, everyday?

On cable, I am seeing a range breakout in the direction of the trend (to the upside) on the 4H time frame.

Cable Update (GBPUSD)

Simple: STAY OUT of the market until a solid trend presents itself. End of trends or range bound periods are prone to fake moves, indecision and overall unclear market bias. Why would you want to get involved in a market that doesn't show any clear ...

how to handle trend change?

Clockwork71, Your scanning filters are too wide, you gotta narrow down the entry criteria. Breakouts, like anything else, only work in a moreless consistent fashion if all the ducks fall in line. First off all, is there a clear trend? is the ...

Testing the breakout.

Ahhh as far as the expectancy? hmm that's different then, you certainly got to include those trades into the equation. Not as a winner or loser though, but certainly you've got to account them in.

How to account BE trades

If I knew back then what I know now.... - I would have never lost perspective of where the main trend actually is. Throughout the journey at some points I tried to implement this or that new technique and I lost focus on where the main trend ...

If I knew then what I know now

If you didnt make any money from them, why account them as winners? if you didnt lose either, why as losers? I account them for what they are, a neutral trade. However, if you notice that a significant % of your trades end up scratched as B/E ...

How to account BE trades

A system is a work frame in which you structure your decision-taking process, but that's all. Common sense and patience are the "edge" everyone seems to be looking for in trading. Just because your system says "long" it doesnt mean you should enter ...

Best trading systems

Did anyone trade GBP-crosses today? I couldnt, the Retail Sales ruined all my trade plans for GBP crosses.

Cable Update (GBPUSD)

If that was a joke then HAHA! pretty funny

Cable Update (GBPUSD)