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Agree with your synopsis. Have just shorted 1.2310.

I'm using 20:1. And I do not follow that 1% rule at all. The money in my forex account is not my life's savings, or my nest egg, etc. It's disposable income with which I'm learning to invest. I am an expat living in Moscow as the GM for a large FMCG company. I'm not a day trader. If you...

Don't know who you use for your demo, but if you used Oanda, you'd be drawing $109 a day for 500,000 units. To answer your question regarding heavy money, I guess that depends on what you call heavy money :) But yes, it's $142 a day. I was just rounding...

Hah...thanks, Nostradamus. Honestly, folks - people love to play Chicken Little and run around saying that the sky is falling. They did it before with the dollar when the Euro hit 1.36, and now they're doing it again with the EU. the truth is probably closer to the middle. However, the...

I think adjusting one's sleep habits might be cheaper.

Actually heading to Santorini. :) Getting engaged to my Russian lady... Regarding GPB/JPY - I agree. Charts look scary. But I've got a hunch based on what I believe the future strength of GBP is and the realization that China is not going to reval. And at the moment, the trade is up 30...

With all the pressure on the ECB as of late, and comments out of them now starting to say things like "A rate cut isn't out of the cards" then I'd begin to expect a drop in 25bps next session. Note - BEGIN to expect. Not fully expect. Not yet. Cheers. -Ivan

I've liquidated all EUR positions completely and am no longer short nor long EUR in anything. I've went long on Sterling to the dollar, to the Yen. I believe a correction is coming for the dollar, and the GBP is the "unEuro". Seeing as how sentiment in the EMU is so abyssmal, I don't want...

Rather than call someone "completely wrong" and just leave it at that, give your post some credibility by offering up what - exactly - is wrong about the previous poster's comments.

This is an extremist viewpoint. I would caution taking these types of polar strategies.

Well gents, made a nice sum this week. Gonna go out and relax with the missus. Closed all positions except my ever-open GBY/JPY (I keep lots of that open for the yield).

Thanks for the heads up, my friend. Night :)

Thanks, Neal. Friggen Thomson is blank.

Christ almighty...what just happened?

Just keep in mind that the NFP is a massive wildcard today. I would close if you're in positive territory prior to the news event.

If you mean GBP/USD then of course. Anything good for the dollar will be bad for that. However, I'll say this - the ration of longs to shorts on the EUR is reaching...hell, is already at extreme levels. Usually that signifies a bottom has been met. So you might want to get out from under...

Actually, let me elaborate why I asked that. My girlfriend and I love to play Blackjack. We play at casinos here in Moscow every once in a while. We're not big gamblers, we just enjoy the game. There is a right way to play Blackjack to maximize your odds. The odds are never in your...

Have you ever played Blackjack? Honest question.

It's always emotional with money. That's why several rules exist: 1. Always set an automated stop loss and take profit. 2. Never mess with your SLs or TPs. I think if you did a poll you'd find 90% or better of the successful traders follow this philosophy.

My take - and that of Thompson - is that we'll see the downtrend resume soon - we just need a catalyst. It could be Trichet's speech in 45 minutes, it could be tomorrow's NFP or the weekend. Overall trend is down for the EUR. There are very little reasons, both from a fundamental and...