Nearing the high of the day again at 1.305

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Usd/cad---good Short Opportunity — If your looking for a good short, USD/CAD is looking good right here. Just came back up to resistance below a descending triangle on the daily chart at 1.008. Could be a swift move once the Bulls go away.

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Dow is rolling over EUR likely will follow Look out below.

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...

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EUR BULL — I hope these Bears will come in and push this thing down today. I need to pick up some more cheap EUR.

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Bears will push from 1.305 down to 1.288 area I suspect. We have a channel developing here on the weekly chart.

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Good night all. See ya in the US session Happy Trading!

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its cool. I traded for a long time on a shoestring and relative to some players still do. With proper position size management, I agree, it is easier to put your stop far out of reach without risking excessive amounts of captial. It comes down to ...

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I buy when everyone else is in panic heading for the doors. Sell when everyone else is ecstatic. It is a contrarion point of view, I know. Doesn't work for everyone.

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I appreciate the advice. I will say it depends on the game you are playing. I pick a bottom and buy on the way down, letting my stops get taken out until I find it, then ride it up for the long move. Days, weeks, months. If I hit my loss limit of ...

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If your stops are too tight, they will be taken out. Adjust to your tolerance or prepare to watch your account blow up. Don't accept advice from others as gospel in this game. Other traders look for stops that are too close(within 1 to 2% of a ...

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Well, I do not claim any status other than a trader who enjoys learning and sharing with others You might want to look for some therapy to help with that aggression issue. ;-) Emotions can kill your game. I'm sure you know that though.

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BTW I know its tough to discern but the statement was "...make sure not to lose more than 10% of your trading capital..." NOT "lose 10% of your capital before cashing out of your trade" Subtle I know, but if your quick you can catch on.

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Wow! Ive met the Trading God who has come to set me straight. Everyone plays the game the game there own way. No reason to go round calling people names just because they don't agree with you. Bet you wouldn't dare speak to someone in real life that ...

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I agree, losing is part of the process. Losing means you are just that much closer to winning if your playing smart. MARKETS ARE A GAME OF PROBABILITY, NOTHING ELSE. Just make sure not to lose more than 10% of your trading capital on any given ...

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supply should be nearing absorption. now if demand will just pick up we should be off to the races, one way or the other.

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LoL! So right. That action look good to me...

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Looks like we have a re-test of the 1.288 support zone as noted on my previous chart posting. Either another buying opportunity.... or time to sell and wait for the next low of the move.

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If your watching the 5 minute chart it is interesting to watch as these buyers "climb the wall of worry".

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