Yes, everyone on the planet is watching this one. So when it moves in either direction, it should be a nice move overall. This pair tends to do this a lot.....then moves rapidly. We will see....I have had this chart up with the same triangle drawn ...

Silent Service Method

Yeah, I saw that. Be careful everyone.....a 50 pip stop now will be a 500 tick stop, and have to be entered as such. To be honest, I don't know if this will change much for people like me.

Silent Service Method

Only me and everyone else on the planet that trades Forex...... The USD/CAD tends to do this, then run for a while.

USD/CAD Ascending Triange

Please rephrase question #2. However, #1 is perfectly clear, and yes is the answer to all of it.

Silent Service Method

Hey - as long as you accept the risk, and totally....I am not going to disagree with your trading....it's a little more aggressive that way - but it comes down to how comfortable you are. That's the key to any trading.

Silent Service Method

In continuation of this conversation, I would say that the thread isn't really too long, be it James16, Jacko, or anyone else. Seriously! You could spend a week or two learning, and applying it possibly.....doesn't seem like a lot to ask if you are ...

Jacko's Forex House of Pleasure and Pain

I agree with the S/R lines, and would be short if it breaks through, and retests that 90 area. I would like to see it go down, and try to go back above 90, and fail. If so, I am probably short this pair.

Silent Service Method

My observations....you could say this about all the XXX/JPY pairs pretty much. It only did two of three things I like to see in a continuation or break out trade: It went above the first area, it found support.....but it did NOT continue higher.

Silent Service Method

I still "think" this is a short ultimately. Will my now break-even stop get taken out? Maybe, maybe not. Either way....it's about sticking to the plan, which has been done. Overall, 60 is still the key in my opinion. 58 is a bit-part in this play.

Silent Service Method

Not a stupid question at all, in fact...it's a great one. Even though they both have EUR in them, they are not necessarily related. Let me explain....I am assuming that you are specifically worried about being long AND short the Euro at the same ...

Silent Service Method

The guy in the picture is my new hero.

Silent Service Method

To be honest, I don't know if I have traded this pair too often. However, the chart makes sense to me.

Silent Service Method

Something I read. — I responded to a post on this forum in another thread that got me really hot under the collar. It wasn't that that poster was out of line, far from it. It was a cliche he used. "Trading takes guts". No it doesn't. Bullshit. ...

Silent Service Method

No offense, but "Trading takes guts" is one of the most ridiculous cliches out there. This is a pathetic excuse to make people feel better about it in my opinion. I will ask this: What takes more bravery and guts? Trading GBP/JPY? Or hanging off a ...

Why Paper Trading Is Counter Productive

One thought I have on this: I would advise buying an external hard drive. They are dirt cheap these days. (You can get 1TB for about 129 these days......a 300 GB is like 40-50) It gives you a ton of storage for videos, charts, spreadsheets, and ...

Silent Service Method

I was watching this pair, and to be honest, I think it's trapped between 90 and 87. I wouldn't get involved quite yet. It really hasn't "broke out" until it clears 90 in my opinion. If anything I would be looking short. However, you have that stupid ...

Silent Service Method

I saw them once, didn't find them overly useful. I checked out their site, and saw the one HUGE red flag that is a no-no for me.......Russian language at the bottom. Russian brokers are notorious scammers.

Silent Service Method

Your funds are safe. It's the platform that's horrible for forex. If you are used to Metatrader 4, it's quite cumbersome. For example: If you close out a position, depending on which way in the trade you go....it doesn't necessarily convert your ...

Silent Service Method

How much do you believe in the move? I can see the thinking, but to be honest.....I am only at break even at this moment. (well.....+2 pips to cover swap for 2 days.....) What are you comfortable with? THAT IS THE QUESTION.

Silent Service Method

Interactive Brokers is total crap when it comes to Forex. I can't even begin to list the issues. I have never used Citi or DB so I can't tell you either way. IBFX has never given me any problems.

Silent Service Method