Below is my longer term EURUSD picture showing the small one lot Long Only Open Interest (what I call the "smart money" tongue in cheek). We are at the same exposure levels as at the top in 2018 with a very similar multiple topping pattern. It's ...

I got short at 106.76 and had similar targets however I closed this morning at 105.35 - instantly regretted being flat and sold half the position again haha

Long term... USD/JPY (Blue line) over INVERTED Spot Gold....surely USD/JPY has to crack lower?

Look back at the trades you wished you'd made. Find the common denominator in them. Try and objectivise them. Test it. etc etc

"scared money never wins" Here's a reason it's a "saying" (same with leverage - use a broker who charges higher initial margins and you will find you trade better)

OK well then can you answer me this? Why in the universe of investment banks with all their research and PhDs (surely THEY have the knowledge you are referring to?) can they not agree on where any instrument will trade in the future? They are ...

Knowledge is not hard to get... meaning anyone can get clued up on fundamentals, positioning, CB policies, whatever "knowledge" you think moves the markets... which means if knowledge was all important then surely trading success would simply be a ...

Updated Kiwi chart...(my Red lines, re-drawn are just a visualisation) I will sell into any future confident selling if occurring during NY sessions as I think that downside momentum would then continue.

I agreed I am seeing this too...however I have sold NZD/JPY because I am always early (a fault)... but will really get interested in short Kiwi if below pans out...

Simple explanation is the market has overly discounted that news. Or there is a more over-riding need to sell that currency and the people who have that conviction use the initial Bid to sell into. The Banks don't give a stuff what this group of ...

Hi, IB's should not be used blindly. They are simply a great trigger or call to action. I prefer to have a bias first and use IB's to get me to pull the trigger, plus they provide logical places to place a stop loss. I hope that helps. Cheers,

Hmmm, a $ 3 trillion market that is concerned about a bunch of micro lot traders? I think you'll find that the collective here is no more than a rounding error on the daily P/L of the banks trading activities. People often blame something or someone ...

1) Position size 2) Position size 3) Be different 4) Trade large 5) Don't scalp 6) Find your own way 7) Be arrogant about your ability 8) Be humble about your results Yes there are contradictions there.

I agree with you Heshuhan, I don't use MT4 but lets not forget these tools beginners have these days are amazing compared to the tools we had when we started trading. No charts, green numbers on a black background was a luxury and five point spread ...

I use one but mine is electric so I can lower it to seated if I want. It's also really good half way up when seated so you can rest your head on it and have a snooze. I'm not joking...

Definitely... you are doing the right thing Mate. You then would become invested in being right rather than doing right. Remember the Observer Effect too, something about how once something is observed it changes! All the best. JD

Why?

1) It's only stressful if you're wrong and don't deal with it 2) You only don't deal with it because you care too much about the outcome. Therefore... (if you can) trade like real money is a demo account. Trade like you don't care about the money. ...

I disagree! Don't be sincere! I am still unsure if I would wish trading on my best friend or worst enemy. If I knew then how hard it would be and how long it would take me - compared to say just being Long the Dow and blindly buying the dip and ...

I love this question. It has taken me a hell of a long time. At first it was just sheer young person arrogance that somehow I would make it. Then the real journey began. I finally started making significant money when I stopped trading small (and I ...