back in at same price seems to be breaking out.

EURUSD

Not so sure. Nice Bullish Cypher pattern if price heads back down to 1.0478. Seems to be stalling here, will see.

EURUSD

The 1 minute candle was a bit too 'bullish' for my liking. Taking profits and entering a short to observe from sidelines for a bit

EURUSD

[quote=Lavanda;8139150] Thanks for advice I trade my own.

EURUSD

Looks like classic Frankfurt reversal so far... May still fail though. see what happens when london opens.

EURUSD

[quote=Lavanda;8139103] EURNZD is a good long (cheap and volatile) Can serve as a hedge if you are shorting EUR/USD.

EURUSD

for me I think price comprises of both private and public information. Fundamentals represent public information. As more private information become public, or when the consensus starts to form, the price movements will amplify. But technicals lead ...

EURUSD

Same as you, but I think it may go up a bit first. thinking 0540

EURUSD

Thanks for the heads up. But the charts are biding their time. Fundamentals only really matter when the technicals align. That said, there's some divergence on EUR/USD 1H chart, and the intraday technicals have turned up, so may be a matter of ...

EURUSD

Well, anything is possible. Just trade the NOW.

EURUSD

I think a deep retrace of 15 min chart (below 1.5155) and shoot up is most likely. the other scenario is a pressure breakout upwards. the least likely scenario is breakdown.

EURUSD

Anyone here trade mainly by intuition and feeling the current state of the market? With money management and stops of course.

EURUSD

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EURUSD

Yup of course there's no point because that's how the finance industry sees leverage. So if you want to define it some way else, suit yourself. Regardless of how it's defined, OP's argument makes sense as I have shown above. Just to be clear, it's ...

I've figured out why so many people lose money in Forex

Yup. That's it. And really this is not the point of the argument OP is making; it's just definition. I've edited my prev post, go see.

I've figured out why so many people lose money in Forex

If 1000 was all you had, then 1:100. If it's 120k, original asset appreciated 20%, you made 2000% return. As the asset appreciates, your leverage decreases because your equity rises. For instance, at 10% appreciation, you would have made 1000% ...

I've figured out why so many people lose money in Forex

Suppose 10,000 was all you had then your leverage was 1:10 when you bought the house. Return on investment is 200% (was 20% but amplified by leverage 10 times) I don't see what's the point of this question though.

I've figured out why so many people lose money in Forex

You're not over-leveraged because your risk capital (which is in your bank account) is huge. The actual leverage you are using should be calculated with respect to your risk capital. (To see why that is risk-capital, just imagine if market gaps 1000 ...

I've figured out why so many people lose money in Forex

This is a very good question. I've thought about it quite a bit and here is one interpretation that I have come up with. 1. Traders get paid for enabling capitalism. As individual traders, we can't do much, but together, we make the market. It's a ...

Is trading not considered a job?