DislikedApart from the fact that this data is two days old, why do you persist in posting stuff from another web site?
http://www.forexyard.com/analyzer/en....html?iframe=0Ignored
I'm agreeing with you. 8 lots on any bet is a big risk. I'm a know trader and keen to know what does it take to make a good trader? The ability to analyse the indicators? Frequent practice and beting in small sizes to safe against big unaffortable loses? Reading more about forex trading? What does it take? I believe I can make good money out of this and believe in myself too. but this can only happen if i invest my time in the write things. 
I assume this is demo account? I see you are new trader, playing with 8 standard lots as a new trader will probably quickly empty your account...
I'm agreeing with you. 8 lots on any bet is a big risk.
(not me) I have seen new traders killing 400k account in a few weeks
, so the size of the account is irelevent, MM is relevant ALWAYS.I'm a new trader and keen to know what does it take to make a good trader? The ability to analyse the indicators? Frequent practice and beting in small sizes to safe against big unaffortable loses? Reading more about forex trading? What does it take? I believe I can make good money out of this and believe in myself too. but this can only happen if i invest my time in the write things.
Price bounced very nicely from the 2 Trendlines, it's the morning hours and we are currently over 125.5 already. I hope this will continue up and we finally get rid of this annoying 125.5 
and even more annoying 45 pip ranging 
and even more annoying 45 pip ranging 
From FT.com:
"Six Chinese state vessels entered territorial waters around the Japanese-controlled Senkaku islands early on Friday..."
This could be potentially very dramatic. Not only can Chinese stop buying Japanese products but Chinese can stop selling rare metals to Japan hurting their electronic industry to extreme. Would the strength of the yen drop then?
. If I make it out of this one I shall know that I was made for this 
.
So thats whats happening! I'm in deep trouble right now. I still believe the JPY will recover somewhere btween 09h00 and 11h30. My worry though is will I still be around at that time judging from the quickness its drying my account
If it is any comfort to you, my equity 3 weeks ago was around 1700 USD (up from 158 USD), I am down to 200 now, slowly climbing. Crap. There were about 10 people on the forum claiming price will drop, drop, drop, so I took a f*** short. I have to stop reading forums
and I'll only comment what already happened.
- #292
- Sep 17, 2012 7:13am Sep 17, 2012 7:13am
- Joined Nov 2009 | Status: Trader | 2,582 Posts
The next few hours will tell
- #293
- Sep 17, 2012 7:21am Sep 17, 2012 7:21am
- Joined Jun 2009 | Status: Trend Trader | 6,273 Posts
If you think you can or cannot do it you are correct
- #295
- Sep 17, 2012 8:50am Sep 17, 2012 8:50am
- Joined Jun 2009 | Status: Trend Trader | 6,273 Posts
Well, we didn't have to wait hours for the answer ... just a few minutes.
Olu
If you think you can or cannot do it you are correct
- #296
- Sep 17, 2012 9:05am Sep 17, 2012 9:05am
Sorry for you loss, but you are right, do what you believe, never let what others say influence you..... everything you read with a grain of salt.
I have to stop reading forums
- #298
- Edited 6:32pm Sep 17, 2012 4:36pm | Edited 6:32pm
- Joined Nov 2009 | Status: Trader | 2,582 Posts
- #300
- Sep 17, 2012 7:09pm Sep 17, 2012 7:09pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
One of my investment books (omar bassal: swing trading for dummies) says that cup-and-handle formations must be preceded by an uptrend, because they’re a continuation formation, a pattern that indicates the continuation of a trend. Mr Bassal says you´re probably right about the accumulation phase though.
there's no such thing as "must" in trading in my book. it's entirely up to the market.
