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SteveNYC, is that a way to talk to a lady (and fellow trader)? You might want to brush up on your gentleman's manners...

It's always a pleasure to read that kind of comments :)

... what the Wall Street thieves (no, not the Irish musical group) call "leverage"! :D

Contrary to popular belief, the Forex market never really stops. Even during the weekend, banks and other financial institutions, as well as a few high net worth individuals (think Gordon Gekko for instance) continue to issue buy/sell orders between themselves. "Money never sleeps, pal. I...

Too bad you did not stick with that long CAD/JPY trade TradingJournals, 93.80 was indeed the low of the entire daily range, so your initial assessment was dead right on the money! Personally I lost 26 pips on that trade. Oh well, for me it's just another freaking trade, neeeeeext!

Nonsense. Do you see an uptrend, a range and a downtrend on this chart?

Yes the Euro is in "Get the hell out of my way!" mode, better not fight it, at least for now.

Officially short the CAD/JPY at 94.07 Now let's make some money :cool:

Good decision. Concerning the CAD/JPY I have a pending short order at 94.07. I really, REALLY do not like this freaking currency pair (it brings back a lot of bad memories...) but hey, a trading signal is a trading signal.

Wow, you've got guts TradingJournals, even James Bond would not dare to buy the EUR/USD at this moment :p But everything is still possible, and most of the time the market reverses its direction between 2 AM and 5 AM (New York time), so...

When a trend is in place and the market is going my way in a big way, I simply put a simple moving average (MA) on the chart and if two consecutive bars close completely above that MA (or below for long positions) I exit the position, simple as that. This is by far the best way to ride a...

There seems to be some support around the 93.80 area but I prefer to wait for confirmation. What are your target and stop in that particular case?

Creating electronic currencies (like Bitcoin) is the first step towards the creation of a global and unique currency, one of the many goals of the New World (Dis)Order system programmed by the elite... http://www.youtube.com/watch?v=tosdL1cSeek

Risky trade if you ask me, it's better to short at the pullback line, if the price goes up there of course. Let's see...

Good point. In fact any trader who loses more than 10% on any given trade (or trades) is a freaking idiot, period.

I forgot the chart.

Yes it's nice to ring the cash register but your short EUR/JPY trade has still a lot of potential...

Wrong. If you day-trade on the 5-min charts for example, 1 single day of data has more bars than an entire year of daily bars. What's important is the number of bars you use in your backtest, not the number of years. And what's even more important is the number of trades the system...

Come on, where would he find 1.21 gigawatts?!? 1.21 gigawatts!!!!!! :p http://www.youtube.com/watch?v=I5cYgRnfFDA

No, what gave you that silly idea?