Huge drawdowns? — Huge drawdowns no matter how nice the EA will wipe you out within 1-3 months. I would suggest trying to learn to trade price action in conjunction with money management. I don't recommend a website or want to make money off ...

Not a good idea. — I don't post much, but feel I should on this threrad. This is a sure fire way to get whipsawed on NFP days. If you would have entered your orders as you suggested, you would have been in the market with a sell (using E/U as ...

Thanks — I browse forexfactory.com on occaision mainly for the calendar, and don't look at the forums much, or say much, but as a PA student for a few years now, I find Strats thread very informative and on target. I especially appreciate ...

I have traded breakouts for a few years now and got started with this style by watching threads on this forum. What I found was that I needed three rules in order to be successful trading BO's. 1. TP must be greater than SL. I personally like my ...

Buying the dips — Buy the dips, even with US positive news. I doubt we have seen the top yet. Let's keep an eye on the daily and if it breaks the daily high then I'm on ths sidelines. Until then I'm long from 488.

Absolutlely correct. You make good points. Money management is key. Thanks for pointing that out. Each trader is different however, and most will lose...yes get margined out, and blow up accounts because they can't handle trading period,,,let alone ...

Smallest concern? — With carry traders interest is the king....and they will be buying all the way down and then collecting all the way up. We don't care how much it goes down, because it will come back up with a vengance!! That being said, I ...

When carry trades sell off it can be quick...like today. Noone wants to pay interest when they can earn interest. Buying could be just as quick.

Wow, quite a ride. I can't remember a ride this nice in a few months. Could it be the start of something, or a sizeable retracement short term?

short term play is sell the 10 pip or so gap opening. If I get in profit will establish a long term south position.

Buy the pair when intervention occurs and buy again and again. Any currency that relies on intervention is a very easy play.

The pair has been bouncing around in the middle of a range, but still favor the upside at this point....especially after the pair did not listen to the news today from the US.

nice hourly pin bar — Good r/r long opportunity from here (.8570ish).