you think this will head down before having a crack at 1.31? i cant see why it would?

EURUSD

this si a demo account right?

Cable Update (GBPUSD)

well its protected by several things, the 38 fib the whole number at 1.54 and a few others, however, of course this is forex and anything is possible. Holding would depend on he lot size relative to your account balance?

Cable Update (GBPUSD)

Anyway, back to the trades... just entered long at 1.3058 (stop at 1.3045) because the price did not pull back quickly to the pre bernanke levels i see it as holding for the short term and see us trying for a touch of the 38 fib (or at least the ...

EURUSD

And why do you 'reckon' this? A retrace back down would have happened very quickly if it were going to happen at all. maybe the other way round 1.31 before 1.302

EURUSD

looks like it wants to touch the 38 fib I see many exiting positions here and a reversal likely from either the 1.31 large number or the 38 fib From there down but how far is anyones guess?

EURUSD

no trades today, just holding shorts

EURUSD

A couple of bounces off the 23.6 but not enough strength to form a new high and challenge the 38.2 fib. I cant help feeling the market is about to pull the plug and drop this down through to 1.292 and potentially beyond. Rallies seem to be capped ...

EURUSD

I have zero understanding as to why the Euro is anywhere near to 1.30 considering its entry price when formed. You are correct in that all it seems to need is a period that is relatively settled (in comparison) to appreciate again. Im sure the FED ...

EURUSD

no, if it couldn't last week I don't see why it would now, more selling pressure since then

Trading EURUSD only

I think we have one last hurrah above 1.30 and the its over, selling pressure seems to be building

EURUSD

Lonely but seemingly more predictable, Cable has been good to me this year and I got it right when playing the range over the last few weeks too. Like you I like to find safe channels and enter in the buy/sell zone and exit in the opposite. However, ...

NZD/USD

Do you believe we will see some change in sentiment given that the ECB have signaled the potential of a rate cut whilst the FED are likely to signal either a tapering off or an end to QE3?

Cable Update (GBPUSD)

Channels or ranges give you not only a clear entry point but also suggest an exit too. Easier to spot than trends (which I often jump on too late or exit too early).

NZD/USD

Davit my friend, always agree with your logic Many can learn from your posts, your missed on the Cable thread, aint seen you over there for a while. Hope its going well my brother

NZD/USD

Hi A spec, out of curiousity why do you see fiber lower this week? Im not disagreeing with you and its actually what I want since im holding shorts. Just maybe looking for some comfort to help me sleep better tonight (I always miss the London open ...

Cable Update (GBPUSD)

That would be a crazy percentage growth. Im happy with 5% monthly I think aiming too high is the number 1 reason people fail. Slow and steady

How many traders here can grow $11.88 to over $100k in 4 weeks

im trying to catch some scalps between here, sideways trades til London im thinking, already grabbed some decent pips.

EURUSD