You can save a life, and give a child a 2nd chance — It's getting pretty bad when.......

EURUSD

Gap or no gap, I'm set to cover some shorts at this level and move stops to well below B/E for the remainder on a bounce from 128.30. Also, 126.85 likely has decent buying interest if the Yen decides to go for a flying leap. However, I'm not greedy. ...

EURUSD

Just one person's perspective here: The Yen (funding currency) usually does the driving. Take a statistical look-back at the days EU went up and UJ went down, or when EU drops and UJ goes up. In other words, when both units are higher together or ...

EURUSD

Dude, That rocks ! Ya' know, I think I'll try that this year. Pump up a couple hundred grand and tell the market "c'ya later" for a few months. (Lemme pump the 200K first - then the other part)

Am I the only one ?

Time for a seranade — Sorry if this routine has already been done, but the Yen gets a seranade: video

USD/JPY Discussion

I hear they're very good in math.

What is Price Action?

White G. is referencing something else that is VERY important: VOLUME Use front month Futures volume, the tick volume on your broker's platform, or if you have a bank feed, watch how many millions trade at such and such price, over and over again. ...

What is Price Action?

I have a recommendation to understand what is "price action", but it requires something on the part of the participant. First, close down your trading platform. You can't do this while you are trading. Oh, before I forget, close any open trades you ...

What is Price Action?

Magic, I had to laugh when I see this. What's almost frightening about it though is that looking at the shares of some of the (formerly) largest US institutions now compared to a few months ago, it seems that "minus 40" might be the next level of ...

USD/JPY Discussion

Hi guy, Tell me more about your take on the Dollar Yen. I see some divergences, but I'm reluctant to sell something while it's still going up. Are you short now ? and is 95 still your target ? Thanks for sharing.

REAL charts (Prophet Trading)

Those of you who know how I trade will remember I'm not a big proponent of lagging-style indicators. They repaint, contradict each other and tend to confuse. Price action is my cornerstone. Every now and then, I'll scan thru a few common and popular ...

USD/JPY Trading Room

I never promise anything to anyone that I can't produce, but I'll PROMISE you this: If you are afraid of this thing, you won't make it. What are you afraid of ? You are going to lose money as well as make money and then lose and then earn and again ...

EURUSD

She is a thing of beauty. Either you love her (the market) with all your heart or you don't. Even when she beats your account within an inch of it's life. What a beautiful bitch she is. Yessir, that's my baby.... No sir, don't mean maybe.... video

EURUSD

Why markets exist... — The above 2 quotes are the epitome of a real market in progress. One says up, the other says down, at roughly the same price area: 2740 ~2763 This is exactly what it takes to make a market move. Lots and lots of this. ...

EURUSD

Well, actually, I'm not really kidding. For many retail players, I think the back and forth on a scale of that magnitude could do major damage to many who are not-so-nimble. As they say, "..even with tomorrow's Wall Street Journal..." You know the ...

EURUSD

What if..... — I wanna throw this out there just for giggles. Now, I don't want anyone getting their ass handed to them for trading against a prevailing trend, certaintly not on the following long shot possibility, but what about if this is ...

EURUSD

This is absolutely essential to the process of a representative government. Vote your conscious, but guard your wallet.

Forex Taxes

Nobody asked for my opinion, so here it is anyway: ANY (read: ANY, whatsoever) additional tax, fee, cost, surcharge or whatever it shall be called imposed on financial transactions will not be welcomed by the trading community. If the amount is as ...

Forex Taxes

I dunno, There's just something about this chart with this gap that reminds me of a really hot looking girl who didn't take a bath for a couple of days. I mean, she's still really hot, but the closer you get to her, the more she smells. Kinda makes ...

EURUSD

It's been a common practice for as far back as I can remember that when the US banks are closed for something and the rest of the world isn't, the Dollar either gets slammed because the supply cannot be readily absorbed without normal day to day US ...

EURUSD