I could've sworn I'd seen an explanation of this before but now I can't seem to find it. What is "mofu" kiwi? I imagine it's a support/resistance level of some sort (seeing as how I have it on my chart as just that) but what makes it a mofu?

EURUSD

Looks kind of like an inverted USDJPY 15M chart. except without the shot upwards that I'm sure everyone is waiting for

EURUSD

I'm considering a long around the 1.0140 area if we make it down there, that will be the second rejection of that area since the retrace.

EURUSD

Agreed. I really need to start setting my pending orders when I go to sleep so I don't miss the rare occasions that we break 3950. I've been flat since I woke up though, this PA is nonsense and scary.

EURUSD

Agreed. I've been sitting around watching it bounce around in my descending triangle and still just boing, boing, boing. It's like watching a table tennis game. But a very boring one

EURUSD

I think it might make a stop at 1.3860x before heading down to 3830ish, might be a good place to reload or be careful of a reversal back up.

EURUSD

Some confluence and consolidation going on.

EURUSD

I'm actually short from the same area, SL just above previous high, hoping to bank about 30 pips and move my SL to BE. Nice little spike down in the last couple minutes put me in profit. Granted I'm trading a .01 lot with less than a half percent ...

Cable Update (GBPUSD)

To be fair, isn't currency trading redistribution of wealth? You know, from bears to bulls and vice versa

EURUSD

Just means there's a possibility that every bigwig trader in the world wakes up all at once and decides, "Damn it all, we need Euros right now (buybuybuybuybuybuybuybuy)"

EURUSD

It depends on your profit goals and your average stop-loss. You should develop a trading plan that includes an average stop-loss for your trades or something along those lines and then enter trades with lot sizes chosen accordingly so that you risk ...

EURUSD

Do you have no stop loss on the order? Also, why risk a trade where such a comparatively small move will result in a margin call on your account?

AUD/USD

Wow, looking at my monthlies on the USD/JPY, just wow. Yen is the strongest it's been against the dollar since 1995!

EURUSD

Seems hard to tell right now. Kind of depends on the EU summit this weekend and the gap on Monday. To me I feel like this bullish push is losing some of its momentum but many here believe we'll see the 1.40 to 1.41 area before we make any kind of ...

EURUSD

I've been a fan of Bayern Munich and Man Untd. Not too long ago I was actually watching some of the Ukrainian teams, after their performance in 2006. I was really surprised by them

EURUSD

Oh so you're a fan of a good football club then?

EURUSD

I'm short from 1.38860. Tight SL just above 1.39, let's hope NY starts pushing this back a little bit

EURUSD

We have some recent bearish divergence (maybe) on the 5M cable nearing a resistance level and with the AUD and EUR hitting pretty high points I'm hoping we see a big reversal soon

EURUSD

Like a rocket today. I'm really hoping for a good short opportunity as I missed out on the majority of the upmove.

EURUSD

I think if it ever rejects upward again I'd be careful of shorting until I get a pretty clear signal that it is going back down. That, and I'm really hoping it gets to a stiffer resistance so I feel more comfortable shorting quickly for a good entry. ...

EURUSD