not easy to play this morning...

LOL okay you win. good luck.

I am just here to share experience and not trying to challenge you. I can tell you I am doing some similar strategy with more than 100k and it's not as easy as you think. I get a 20% profit since March and I thought I've been extremely lucky ...

been watching the thread and can't help jumping in, but hey what's the deal with a demo account on 59% which is less than $1k? i strongly believe that trading with $10k vs $100k has a huge different in psychological effect let alone less than $1k.

i feel bearish about this too, but i am usually wrong so perhaps this is a buying opportunity. lol!

probably north korea issue pushing jpy higher.

i actually thought this would cause the so-called yen safe heaven effect, but it didn't.

it's always like this. data not good but we get strong dollar.

Sorry I am not a good chartist. But I've been staring at the screen for a few hours earlier and 101.2 was a tough to break resistance, apparently it was broken after I said that but it is now going back down.

BOJ report without any surprises. JPY isn't doing too bad but USD seems to be losing strength. It seems to have double topped at 101.350 as well. Not sure if 101 can hold.

101.2 is slowly becoming a resistance.

Your last line is exactly what I am doing now as well. I think this is so important. Took profit and closed all positions in the last 8 hours. But shorted ej not long ago for the above reason.

"Taper likely in coming months on beta data" isn't even good news. I really struggle to see how it can stay above 100. Even if it does, it's JPY losing value not USD gaining value...

100 being tested. selling eurnzd and usdjpy; buying nzdjpy. Wish me luck.

I sl my usdjpy short and long nzdusd and nzdjpy instead... hope I get it right this time.

Hahah Rothschild, well said. But it's hard to not think there will be an adjustment of USD given Yellen sounded so dovish. It seems that the only reason we are going up is because JPY is losing value.

Thanks Zusch! Actually just in time before I check out, managed to download all for offline reading later. Now uj please stay above 99 or else 98.6 will become a reality!

Thanks Seandean, you may say i am focusing on the wrong thing but i really want to get some consistent profit with forex before looking at options (pardon my pun). I noticed the biggest problem with myself is psychology... patience, stress etc, I ...

Thank you for that. It's hard to download the entire thread offline but I have saved the link to read this in the airport as well.

A slight change in topic. I am boarding a plane today and I want to buy a forex book to read as it will be a 10 hour flight. Have you read any books that really inspire the way you trade, and talks about the trade psychology? Any suggestion would be ...