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The 5 and 10 period EMA crosses worked well giving 3 trades - got a little chopped on the first and did not take profits early enough...the next 2 worked out....50% Fib retracement on the hourly at 1.4643 came into play, and we saw the bullish 50 and 200 ema bullish crossover on the hourly. End...

Glad you brought that up - The last bear cross on the hourly (on feb 5th) ushered in a 340 pip move from 1.4779 where the cross occured down to 1.4438 on the 7th - I agree, it would have been hard to get in when the cross formed, but that was a pretty big and fluid downmove that followed...

I should also mention we are right up against a big 50% level on the hourly

Looks like we may have a golden cross (50 period EMA crossing the 200 EMA) in the EUR - very bullish signal if we get it IMO

We got the same set up as yesterday, with the 5&10 period EMA cross on the 15 minute chart - and today the crossover coincided with RSI crossing the 50 level. Like yesterday I scaled into and out of this trade. I kind of wanted to stay long and see whether we could reach the 50% fib level on the...

I'm an occasional smoker, but I have to admit that I almost see the case for banning it...

With a negative payrolls number last month and chain store sales and consumer confidence lower, it may be unlikely that we see a stronger retail sales figure today....

Thanks for that - It's easy to get chopped up in this type of trade, but it worked out today...I think the flexible position sizing is important and allows you to minimize the downsize risk if you start scaling out when/if your EMA crossover starts flattening out (ie the moving averages get...

Today's trade in the EUR - I entered long at about 6AM CST having noted the 5&10 period EMA crossover on the 15 minute chart, bullish oscillators and bullish trend on the 3 hour chart...I scaled and out around 1.4535 and was able to stay long for the move up to 1.4580...note I almost got shaken...

The majority of the firms on the TradersLog list are firms where you are fully backed....

"Start with more money" I'm surprised this didn't get more votes - I think being undercapitalized is one of the biggest problems for many new traders trying to make a living from it...

Wednesdays Retail Sales will give us a good idea of whether we are in fact currently in a recession or not...

Reuters obtained an advance copy of a magazine article set to be published next week quoting the OPEC Secretary saying "Maybe we can price the oil in the euro. It can be done, but it will take time."

I hope they do something with GOOG here's the NYT version: http://www.nytimes.com/2008/02/10/business/10yahoo.html?_r=1&hp&oref=slogin

The recent fundamental data suggests that the US is in a recession. The retail sales number next Wednesday will help confirm or deny this...

True, I don't know him very well - but I did see him at the FIA show in Chicago late last year, he was still with GHCO at that time - looks like you're right - just called his # and got voicemail from a Michael Callaghan...

EUR making new lows as I type...looking at the daily there are some nice large fib retracement levels below - a big 38% retracement at 1.4354 and then there is the 200 day EMA lurking down at about 1.4328 - I'm expecting to see support in this zone...

I didn't realize that Kerviel was actually up big too at several points - in December he was actually up 1.4 billion Euros! Quel disastre....

You might want to take a day off to clear your head. Try to be objective and not 'revenge trade' when you get back in the driving seat. Good luck....

Yes, the charts are Oanda charts for those that were wondering - on the bear case for the EUR, there was a death cross (50 period EMA crossing the 200 period EMA) on the hourly...lets see what Trichet has to say tomorrow morning...