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We went to Mexico for a week. Cancun for 3 days and Guanjuato for four. Guanjuato is such a beautiful city, wish I could of stayed a month. In some ways, I like it better than San Miguel de Alande (or however it is spelled). Less touristy. Definately visit the Mummy museum if you ever go...

Yes, the Euro/USD is makings its move down finally. Right now it is at 1.1928. I am hopping to see it hit 1.1880 tonight. We'll see if that what the markets intend to do though.

I just like the way his books are written mainly. They seem to reflect a style similar to my own. His infamous blow up came when he tried to short the Thai Baht durring their currency crisis. ooops!!!!

Gonna move that stop a bit. Still looks good to go down

For brokers, I like Refco/FXCM and Oanda. For books, "Trading in the global Currency Market" by Cornelius Luca is a good introduction. I also like both of the Victor Niederhoffer books. Some people here though differ on that. My only piece of advise is to start small and look at the longer...

Hi, sorry I have'nt been posting much. I'm back now. I think ther is an excellent opportunity right now with the Euro. Maybe I am bit early with it, but I feel it going to drop big. Time will tell some enough.

Sorry for the long absense. I went and got married ( been in the works for quite a while). So naturually my mind has been on other things. Back to the market. Right now the Euro/USd is at 1.1944, down from about 1.2040 from the previous night. From what I observe, this should be the begining of...

Not sure now. I got lucky and my limit was hit before the Euro went all wacky. The last couple of days though have played some serious havoc with my system. I have been out for the last week or so because I really don't have a good idea where the direction is. My gut feeling is telling me that...

1. Yes it will happen. Probably limited at first but full floating eventually. 2. Yes this is really really a big deal. China has a monster size economy. When they enter the market, it will be the equlivant of Godzilla destroying Tokyo. 3. What is more interesting though is how it might...

Okay, I have been not trading for a while. Just been observing and looking for a good place to get in. It looks like it is now. Selling Euro/USD at 1.1920 Initial Target 1.1820 Stop 1.1970 eventual target 1.1770 Right now it is at 1.1904 (or somewhere like that). I read Rezo's...

Thanks for the comments B. It is always good hear positive encouragement from other traders. My system is pretty simple. RSI, MACD, SAR, and Bolinger Bands. The risk managemet is more important than the entry system.

Taxes took forever to do. haven't done any trades yet, but from what I can see, it looks like we are going to head down below 1.19. I'll wait over the weekend if there is any fallout from the Bush/Blair announcement from this morning.

Sorry I have'nt posted in a while. Been trying to prepare my taxes (no fun). Also picking two losers, has taken a little steam out of trading. Probably best to take a look back. As far as my system goes, its under remodel. The indicators I use are the Parabolic SAR, Bolinger Bands, RSI, a...

Sell Euro USD at 1.2081 Target 1.920 Stop 1.21 Lets see where this goes

Stop hit. Out 20 pips. Oh well. Still think it is going down. I'll just wait and find a better price

Even though I usually don't mess around with the yen, It looks to me that it might just drop from 105 to around 103.50 in the next few hours. I am going to watch it for a little while and see whats up.

Selling Euro/USD at 1.2069 Target 1.920 Stop 1.2089 Definately droping to the low 1.20's at least tonight.

I feel though that I may have gotten lucky. Adding to losers is a move that I really don't like in general. I got burned too many times when first started, I think it worked out okay here.

Closed all positions at 1.2100 First position -1 pip second position +85 pips We'll see another dip soon.

I do agree that adding to losers is in general for losers. I try to avoid it. In this case though, I thought it was'nt so much a problem that my judgement on direction was wrong but that I got in too early. I am trying to move away from the shorter term trades into more of a swing trading...