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- southbeach replied Jun 14, 2012
Learn how to read charts and do your own analysis, then you will be able to make a decision on how to proceed. the decision is based on what you see, either you are using trend lines or reading candles. after all that, then you will place a stop ...
- southbeach replied Mar 12, 2012
I totally agree with this statement. One of the reasons people lose their accounts is Over leveraged accounts, and when they do, just few pips of loss, they hurry to close the position which didn't even move much, and then they see the position ...
- southbeach replied Mar 6, 2012
The yellow lines are very important supports and targets also.
- southbeach replied Mar 1, 2012
He is a disaster to our economy. Just looking at him as depressed as he looks, it makes you want to sell the dollar. Using also after a positive comment as our economy is growing and then he uses the word "BUT" which kills the good side of the ...
- southbeach replied Mar 1, 2012
I agree, the market just retraced so it can resume the momentum "short" Guys stop picking up top and bottom. Just trade what you see and remove the idea of going back to test 1.35xx. I am not telling you to short it or go long, but just be open to ...
- southbeach replied Feb 25, 2012
You suppose to have it in your MT4. All of them have it. To access it if it is not in your toolbar go to: INSERT in the MENU bar, then look for fibonacci. I hope this helps.
- southbeach replied Feb 23, 2012
PA is must in any kind of trading, also horizontal support and resistance is something traders watch. When you use trend lines to figure out the diagonal support and resistance, it doesn't mean that when it reach the trend line it is going to ...
- southbeach replied Feb 23, 2012
Looking at this chart, it shows the trend is up and the euro is almost at its high resistance on the red trendline. it may go there and find resistance 1.338x. there is only 2 differents way of trading, buy or sell, unfortunately there are thousands ...
- southbeach replied Feb 22, 2012
yep I've been there and got all kind of torture from the market and lots of pain, hoping and wishing lol and an other trader from the other side is doing the samething wishing and praying lol.
- southbeach replied Feb 22, 2012
If you are newbie, try to stay disciplined with whatever plan you have. Money management with discipline is a key to success. Trade positions according to your money management which includes Entry, position size according to how far is your stop ...
- southbeach replied Feb 21, 2012
Just got confirmed at this moment it is heading down to 1.3180
- southbeach replied Feb 21, 2012
I support your comment! it is already forming head and shoulder if I am right and that may take it to 1.30.
- southbeach replied Feb 21, 2012
Hi, I do believe eur/usd if forming head and shoulders. plz comment if this is correct or not.
- southbeach replied Feb 15, 2012
There is a strong support area 1.3025 that it may test.
- southbeach replied Feb 15, 2012
Watch for 1.3025 eur/usd which is very strong support.
- southbeach replied Jan 27, 2012
There are too many good answers in this thread. but the right answer depends on the trader's time frame and also the way he or she trades. We as trader can use the previous swing high as stop loss in downtrend and swing low in uptrend as a good area ...
- southbeach replied Dec 28, 2011
kenneth Lee, thanks for those great words of wisdom! I believe it takes time and losing money to get to the question where you will ask yourself how much can I afford to lose? and how big leverage am I gonna go with this time? of course, money ...
- southbeach replied Oct 24, 2011
Psychology of trading plays 80% of ur success — My friend, the trade u did doesn't look that bad bro. At least you got out with 8pips better than a losing trade or BE. Most of the time the price goes and touch the tip of demande or supply zone ...
- southbeach replied Oct 19, 2011
eur/usd is it going to breakout that red trendline? — Hi everybody, I love this thread, lots of very interesting info. I am gonna try to contribute some of my charts here. Regards,
- southbeach replied Jul 26, 2011
Hi Neil, did you catch the highs of today?and also the BL setups nzd/usd eur/usd aud/usd etc... I hope everybody did well.