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- Twilight replied Dec 15, 2009
On daily chart, we're obviously in a narrowing triangle formation. You can see why 1,6230 is so important; it's around the middle of the range. Whether it's consolidation downwards or distribution, I'm not sure. But the water is boiling and the ...
- Twilight replied Dec 15, 2009
The pound is indeed among the most resilient currencies in face of $'s advance. One should look into conditions that kneeled the pound in October down to 1,57. Thus one should know what it takes to get the cable lower now, through the 38,2% fib ...
- Twilight replied Dec 13, 2009
What I said concerns mainly the daily scalping style. There are other styles, of course. If you invest medium or long term and you study/apply trades that make you 500-1000 pips in a week/month, then you can take a little vacation afterwards. And, ...
- Twilight replied Dec 13, 2009
Yes. I was the kind of trader glued to the screen, chasing every pip, feeling that I'll never get another chance like that. After a year or so I calmed down. Hundreds of hours of monitoring the market helped me understand that the movements are ...
- Twilight replied Dec 13, 2009
1032 pips per month — ... or per week. I don't know about others, but I don't really need to make that many pips per week. It's not impossible to make that kind of pips; I managed once to make 500 pips within 4 days and I lost almost all of ...
- Twilight replied Dec 11, 2009
As far as Driver55's and BoredToLoose's views are concerned, this opinion that I found in a Forex article could help: Traders can be right too soon or too late. Or they can be right on time. One can decide what timing is more profitable.
- Twilight replied Dec 11, 2009
$ bulls, unite!
- Twilight replied Dec 11, 2009
Lol, praying is not a solid strategy. omiunu, you should take the loss or at least downsize your position, so you can trade another day. This is already a sad day for you, but it could get much sadder. And it's not much fun to stay like ...
- Twilight replied Dec 11, 2009
me 2. Until US consumer data. I'd say the most probable scenario is down, but waiting for confirmation.
- Twilight replied Dec 11, 2009
I'd be happy with the next fib level around 1,6150. But still don't have the "cohones" to stay that long before more steam builds up. I entered at 1,6279 with SL at 1,6299 and got out at 1,6239 with 40 pips, according to plan (2/1 profit-loss ...
- Twilight replied Dec 11, 2009
... for those who can see into it. Looks like cable will crash into the next fib level. $ is correcting on strong positive US data that restores confidence in the greenback.
- Twilight replied Dec 11, 2009
US news is good for the $. That's why cable went down. Always wait for strong direction to form after news. And always use stop loss (SL), so you can trade again, despite minor losses.
- Twilight replied Dec 10, 2009
Nothing's really up for now. Market noise.
- Twilight replied Dec 10, 2009
Glued actually.
- Twilight replied Dec 10, 2009
Stuck to the 50% fib level.
- Twilight replied Dec 10, 2009
Not a big fuss indeed. Already priced in, I think. Now it's up to Wall Street.
- Twilight replied Dec 9, 2009
This may be a tepid Wall Street session ... not much red, not much green ... range bound. Maybe a knee-jerk in the last hour.
- Twilight replied Dec 9, 2009
Then that's you natural style and if it makes you pips, all is good. I tried once with 9 pairs and felt dizzy one hour later. Too many pairs on the screen are cloudind my judgement. Not working for me, but I'm aware it works for others and I ...
- Twilight replied Dec 9, 2009
Yep. Of course, watching the big boys making decisions can teach you a lot. But eventually you have to become your own big boy and act upon your own analysis and trading plan. First rule is personal responsibility.
- Twilight replied Dec 9, 2009
Wow ... 13 pairs at the same time? You have some strong distributive attention. I only watch 3 pairs constantly: EURUSD, cable and EURJPY. I glance at AUDUSD, NZDUSD, USDCAD at major news and maybe catch a ride. More than enough for me.