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NeoRio1, Looks like I might take this one in the shorts. I was trying to play a bounce off of support, and support has now been broken and there is more than a great chance I'll get stopped out before I can dwindle the loss down to something more palatable. Asia has kicked the usd buying in...

Long eur/usd @5320, stop @5220, target@5520 Going long for the same resons as yesterday, only difference is now the cci divergence is on the 4hour chart instead of 1hour chart. Large stop to allow trade to breathe while i'm away from pc to finish up important business in my day job. IF I had...

Stoped out on that trade with +5 pips. I am a firm believer if the market gives you some profits don't give it all back on the same trade. With Euro trade balances comming later I assume there will be little activity or consolidation and that renders my long analysis moot. You have to trade...

stop change on my long eur/usd trade, new stop@5420. I am +15 pips on the trade. If there is a retest of today's low, I will be positive an additional 5 pips on a new worse case scenario for this trade. If there is a retest of that low i will re-enter long position at better pricing.

This may be one of those times that I should of turned the computer off once I decided to walk away. However, I really like the set up and it is inline with my original thoughts on the eur/usd pair. Long eur/usd @5415 stop@5383 Target @5515 thought process to this trade is, the eur/usd...

long eur/usd @5430 stop@5420 target@5460. trying to catch a little of the correction. Only risking 10 pips of the 61 pips just earned. Took the trade cause i saw a 1/3 risk-reward ratio that it was atleast worth the risk. If wrong, net 51pips for the day is still a great day, but 81pips...

Mr. black, looks like you read the charts correctly my friend, the question is, did you trade it? If so, you would be well on your way to having a great week in trading that pair.

PaulRon, I agree, but the daily and hourly charts on the eur/usd are oversold so a correction is in order on a low news day. The next support level is around 5300 and i don't know if there is enough juice to push that pair lower without a correction. Just my opinion. The market can and will...

Stoped out on my short @5420 for +61 pips Waiting for long opportunity as risk to ride pair lower outweighs reward based on what i am doing.

Looking to go long eur/usd after the run on the long stops. It's a low news day so i am guessing a strong bounce off of support should be in order. I have a short eur/usd going currently thats at +50 pips, i'll post the bounce trade at completion of my set up indicators. All this is subject...

This may sound very simple, but ask the top traders at your firm what you can do to expidite your learning curve. They already been through it and management saw something in you to hire you in the first place so I would start there if I were you.

Profit, I have no doubt that what you are doing works, for the market & style you are trading. I understand your basic concept and for the market you are trading you have to let your trades breathe and in doing so, you increase your win probability and therefore your profits. And knowing when...

Target hit @5470 Wooo Hoooo 92 pips Trade 1 -29 pips Trade 2 34 pips Trade 3 34 pips Trade 4 6 pips Trade 5 7 pips Trade 6 0 pips Trade 7 92 pips Net 144 pips 5/7 winners(0=loss) 71.4% Win 28.6% Loser 34.6 avg. pip win...

Dtrader98 thanks for the explanation. And the Ying Yang I totally agree with 100%. As you said, that is your Holy Grail!!! I nod my head to you as you gracefully ended that debate.

Stopped out on eur/usd long @5565 at breakeven. Currently short eur/usd @5562 stop @5590 Target @5470. Ivan, your short @5620 is kicking some major butt!!! Still at no stops?

Dtrader98, at the risk of sounding ignorant, what does LTCM mean? My first thought was LTCM=Lets Talk Cash Money...lol...

Adjusted long eur/usd stop to 5565@ breakeven due to risk of the trade. If right woo hoo, if not, nothing lost at this point.

Long eur/usd @5565 stop@5550 target @5600. Will sell failure of 5630 for target price of 5470. I want to see if I can call the up swing and the down. Time will tell, am I really a pipprophet. I don't think so, but i like the name none the less.... If oil don't bounce up during the day...

Hey Ivan, I see you working, trying to catch that bounce off of the declining resistance line. My plan is to short the eur/usd as well, however I am waiting for after the next retest of that resistance line. Who knows, I may wait for something that might not come. I'm trying to trust my...

Hey Johno, actually we are not that far apart as you may think. From your previous post wouldn't the opposite be true as well. Over time wouldn't a great trader improve on his money management over time? I manage money for trust deed investments for a living and I would estimate that 80% of...