EURUSD

I'm making a killer trade with NZD/USD long and 30 pips in profit.

Unlikely. There is significant resistance at 1.2450, which is where the trend line resistance is at. Going BEYOND 1.250? Even more doubtful as of now.

But I'd keep a wide stop loss; market makers like to hit stop losses just before crashing down. that's why a lot of newcomers to forex say that the market is trading against them; they see prices hit their stopping points only to turn around afterwards.

It's not that the market is working against you; it's the institutions (hedge fundies, banks, etc.) who are doing that. They do fibonacci, chart patterns, and whatever else you use to trade. So it's obvious that they'll trade with your patterns in mind.

The few times when the market makers do deliberately work against the trend often doesn't turn out well; look at the Black Wednesday crash of the British pound. The BOE tried to defend until it could defend the pound sterling no more, and traders like George Soros profited a lot (Soros himself cashed in $1 billion in profits.)

Of course, this is med-long term outlook. In the short term (i.e. a few days ~few weeks), yeah, the market can screw you over. So I'd keep a close watch for any breaches in a support/resistance, and see if that becomes the new resistance/support respectively. That's one of the more accurate ways to tell the intraday trend.

Sorry, it's only 20 pips now

Only two things are guaranteed in this life. Taxes and death.

Nothing is permanent except change.......

Not taxes. We have tax avoidance. Amen to legal ways to avoid paying taxes (especially if you live in abroad).

OMG they measured my blood pressure and they said it was a little high, 180-140

hit my trend line at 2450

Hmmm this is interesting

when?!?

Don't. The prices could also stop around 1.2440 just to fuck with you. Sell a bit early.

I think we are going to see 1.2500 and above this week.

Out +100. Now short 2428.

Well I've closed my long since 250 and went short a little bit since 401. That was a little mistake. I'll close it if price goes above 60

switch doctors.

did not do any entry. maybe unless it closes below might try to short with a tight 10stops

And what's your rationale behind that? That would practically invalidate the bearish momentum, and without any news to act as a catalyst, I don't see that coming.

lol. I am not surprised at all it will go up much more than 2400 to take out more stops.

Shorted 30,000 at 1.2440. Let's see how it plays out.

done...