Hi guys, CHFJPY looks like an amazing set-up right now. Short right here at 83.19 with stop at 84.00 and target at 75.00. This move should be quick by my estimates too. What do you think?

CHF/JPY

Yes, of course, but I really doubt any of my charts will mean much to you guys.

EURUSD

I'm pretty damn sure this is what will happen. If prices go above 1.3861 this is void.

EURUSD

Short. Target far away. Stop at 1.3861

EURUSD

Predicting next 1-10 minutes is a lot easier than predicting what will happen over days or even hours. Short time frames for taking profit mean smaller amount of reward, but a much greater level of predictability and consistency. Try to grab 5 pips ...

Psychological Possibilities

Now that's a quote I like to read. You will do this. Keep an open mind, let the fire inside you grow hotter and hotter until you get there, work even harder. How bad do you want this? No pain, no gain.

Giving Up

Good job with the shorts everyone. I'd be very surprised if this bounce went much further.

EURUSD

I can't see price reversing off the bottom of this fork again. Should head down below 1.3744 minimum.

EURUSD

I like to trade the same size until I reach the next level, where I'll add size. Once I get to that level, next is the halway point to the next level. And at this point, now with a nice cushion, I will start taking profits for a couple weeks. After ...

Withdraw or re-invest?

People sure are full of crap. Where's the category for "lost a boatload and losing more by the day"?

So how much are you making?

My point is that we are always predicting. Always. I constantly hear people stating, "I don't predict the market, bla bla bla..". They are incorrect. Every trade is a bet, and every bet is a prediction. Every trade involves risk/reward, hence a ...

EURUSD

Patterns/price action do exist in forex. However, EW is a COMPLETE waste of time. Focus on the patterns, not the counts.

Elliott Wave Trading

The best indicator is your brain. Put random horizaontal lines on your charts if you want "pivot points". They will work just the same.

what is happening in the market?

Then what do you do, enter randomly? If you buy, you are predicting prices will rise. Let's not beat around the bush here folks, we are gambling. Just because we have our methods for doing so does not mean that every trade is not a calculated gamble. ...

EURUSD

To be successful, simply watch the same pair for 3-5 years. Watch it all day and always learn from your mistakes. Watch the price action on 1 minute charts all the way to daily charts. Never give up. You can turn $50 dollars into a fortune in a ...

How to Become a Successful Forex Trader

That is a great read TMAC. I've seen this before, but it can't be posted enough.

EURUSD

Well, if you can make it work, then more power to you.

EURUSD

I wouldn't waste my time with EW. No offense to TMAC, but has probably not been trading for very long if he thinks EW works good.

EURUSD