Whichever direction price eventually breaks out from it definitely would be an outburst due to this prolonged ranging for some days now, its like a loaded-spring filled with potential energy but had been praying to go kinetic for a while now.

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So I am up by 16% after 15 days (thanks to the 'juice' trade) which is good news. Hopefully I should be able to achieve more than 15% (lower limit of my monthly target) this month. In line with the concept of thinking BIG, I have started trading on ...

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A man's got to do what a man's got to do...on demo I hope?

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Absolutely no work done by this pair today. It has just been playing 'yo-yo' around the same prices since start of the day.

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Well I didn't expect that spike back up but already closed 1/2 lots anyway and SL at BE has been hit. I would rather wait a while to see how price behaves before entering again...that's if I enter again.

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Well...why do you care as long as they are making you some money right?

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Who dunnit?

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Retracement already long done...should be LONG now for the long run *all puns intended*

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Support broken...here comes the BOOM!

EUR/JPY

Nice one Bro.

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Well simply wait for price to retrace and get a good entry from there or better still just buy when market opens since there was a bit of retracement before market close but I would be careful of where I place my stop loss for the second option.

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Thanks mate. I will keep your suggestion in mind, hopefully I should still be willing to trade other people's money if I maintain this consistency for 1 year.

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Mytrader, You are right on both counts and I am aware of the lack of data to support my claim. For the better part of the 7 years I have been trading I had mixed results but this strategy I presently trade has yielded great results since last year, ...

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I am a firm believer in putting my money where my mouth is so...so far this week I suffered a bit of drawdown (+/- 8%) but I am well prepared for up to 30% as long as I maintain the Lots:Balance ratio. Presently I am on one of those trades you might ...

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Having made a bit of analysis on this pair and did some research as well, although I'm not the type of trader that constantly tries to predict price directions but I will say this...this bear run has lost steam. We might see around 1280 by the end ...

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Well the trend surely did continue...90% sure there would be some consolidation on Monday.

EUR/JPY

Now that bullish movement was to be expected IMO...the pair had a hard time breaking down further yesterday unlike the EUR pairs that seems to be taking a plunge down the rabbit hole. I need to monitor what happens from here for a while before ...

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This downtrend has defied all odds, it would either continue tomorrow or consolidate.

EUR/JPY

I think this baby is going to keep dropping further from here...the retracement seems to have lost steam.

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Well I think hedging is good thing if done properly but for me hedging is as good as not trading at all or even worse because of the emotional stress involved. Just my opinion anyway...it's like trying to go in two directions at the same time, you ...

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